Note: This project was an effort to practice our data analytics skills on a real world issue.
Finished Date: October 13, 2022
- Meet the Team
- Executive Summary
- Our Client
- Insights
- Recommendations
Raquel Castromonte, Elizabeth Tum, Andre Cunalata, Alex Reyes
Situation: Our ideal client wants insights on the housing situation in NYC for long-term investments.
Complication: COVID-19 altered the real estate market in New York City, making investments a high risk action in the early 2020s. As the city is recovering, we are narrowing NYC areas that will increase our client’s desired investments.
Resolution: We will provide a list of neighborhoods that will help support the property investments of our clients.
Our targeted client would like to acquire new property by finding high eviction areas. The zip codes/neighborhoods that are experiencing the most evictions would be on the watchlist of the NYC Department of City Planning for future housing developments.
Mapping Evictions How much of the total evictions happen in each borough
| Borough | Percent from Total Evictions |
|---|---|
| Bronx | 33% |
| Brooklyn | 24.5% |
| Queens | 19.8% |
| Manhattan | 15.3% |
| Staten Island | 3.4% |
From the top two boroughs, which neighborhoods have the most evictions?
In the Bronx:
| Neighborhood | # Of Evictions |
|---|---|
| East Concourse-Concourse Village | 1213 |
| Bedford Park-Fordham North | 1175 |
| Williamsbridge-Olinville | 1100 |
| University Heights-Morris Heights | 1065 |
| Mount Hope | 1006 |
In Brooklyn:
| Neighborhood | # Of Evictions |
|---|---|
| Crown Heights North | 1216 |
| East New York | 1140 |
| Flatbush | 887 |
| Brownsville | 760 |
| Prospect Lefferts Gardens-Wingate | 741 |
- Which areas to target?
- Bronx and Brooklyn
- Residential land
- When to acquire?
- Holiday season/January usually have high eviction rates.