The Center for an Urban Future , a NYC-based think tank, just published a sobering summary of New York City’s aging infrastructure. You can download the report . Here is the report author’s editorial  in Time Magazine.
The NYC real estate economy is dependent on the quality of services offered by the city. One of the unsung reason for NYC’s active NYC housing market began in the early 1990s when the “broken windows theory ” was widely adopted as a policy strategy. It worked. I lived through it and saw the city transition.
Now we have bigger windows to fix.