The NYC numbers are here: https://www1.nyc.gov/site/doh/covid/covid-19-data.page#download
On April 24, there were:
146,139 known cases
37,995 hospitalizations
10,746 confirmed deaths
5,102 probable deaths (so 15,848 confirmed + probable deaths)
Suppose the study that suggested that 21% of the NYC population has antibodies and therefore was infected (perhaps silently) is correct.
The population of NYC is 8.4 million. So that means 1.76 million infections assumed.
knowncases / assumedinfected = 8.28%
hospitalizations / assumedinfected = 2.15%
confirmeddeaths / assumedinfected = 0.609%
(confirmeddeaths + probabledeaths) / assumedinfected = 0.898%
There may have been other deaths not attributed to COVID-19 that may have been COVID-19 related, such as FDNY’s finding a large increase in the number of non-revivable cardiac arrests in the recent month compared to the usual number, so the death rates are likely a lower bound.
For those who want to compare with the seasonal flu, here are some numbers: https://www.cdc.gov/flu/about/burden/past-seasons.html
Note that the numbers are estimates of symptomatic illnesses, so the actual number of flu infections may be larger if some additional were infected asymptomatically.
hospitalizations / symptomaticillnesses ranged from 1.16% to 1.97%
deaths / symptomaticillnesses ranged from 0.0961% to 0.176%
(If the denominator were total (including asymptomatic) infections (to be more comparable to the COVID-19 numbers above, the percentages would be lower.)
Based on the above numbers, COVID-19 has about a 5.10-9.34 times the risk of death as the flu, and a 1.09-1.85 times the risk of hospitalization as the flu. The multiples would be higher if the flu percentages were based on total (including asymptomatic) infections, making them lower.
The NYC COVID-19 data page also notes that death rate for age 18-44 is about 10.5% of that of the entire population. However, the flu is similar in this respect, so the younger age group that includes most college students, although much lower risk than the overall population with respect to either COVID-19 or flu, is still at a much higher risk from COVID-19 than the flu. And colleges do have older faculty and staff around.
So it is not surprising that colleges are waiting and hoping for more data and better medical treatment that reduces the death or hospitalization rate for COVID-19 before their deadlines to make decisions on what to do going forward.