72% of New York City Airbnb Rentals Are Illegal, Says NY AG

Nearly 72 percent of Airbnbs in New York City are actually illegal hotels, says a new report from New York Attorney General Eric Schneiderman — and Airbnb does not appear to disagree.

Majority of Airbnb's are not individual homeowners

The report, titled Carrie Bradshaw–style, “Airbnb in the City,” notes the majority of Airbnb’s in New York City are not individual homeowners sharing an extra bedroom, but really illegal multi-unit hotels running a lucrative business.

The report says that that data provided by Airbnb shows the lion’s share of...