Thousands of people don’t have stable housing, sleeping on floors and couches and packed into too-small bedrooms. But they are not considered to be homeless.

As of late, some developers in the city are trying to make use of vacant office space and repurpose it for residential use. One of them is the site at 5 Times Square, which will transform from a ...

A version of this article appears in print on June 15, 2025, Section MB, Page 1 of the New York edition with the headline: What New York Apartment Hunters Can’t Live Without.