From the Daily News:
The collapse of the housing market has cast a shadow across the city in hundreds of unfinished and decaying apartments, condos and houses.
Derelict and unsafe, these eyesores have blighted neighborhoods, drawing rats, squatters and junkies. They drag down property values and enrage residents who feel helpless.
As of last month, the Buildings Department recorded 682 stalled sites across the city: vacant lots, empty foundations, concrete skeletons of half-built luxury condos, boarded-up single-family houses.
New York Building Congress president Richard Anderson doesn't expect much will change: "If the trend continues, there will be hundreds and hundreds of sites in limbo for years to come."
Concentrations are high in neighborhoods where the rush to gentrify collided with the collapsing market - hipster Brooklyn, the trendy lower East Side, Riverdale and Kingsbridge in the Bronx, Staten Island's North Shore and foreclosure-plagued Southeast Queens.
Queens Borough President Helen Marshall's spokesman calls Southeast Queens "the epicenter of foreclosure in the state."
The fallout has been scores of abandoned homes and complaints about "lack of security fencing, drugs, prostitution and squatters."
Typical is the boarded-up house at 120-06 194th St.
"It attracts crime," said neighbor Ron Miles. "You've got people taking the copper piping out."
For a time one derelict made the house his hangout. "It was scary," said Yolanda Stowe. "He used to be outside naked in the morning."