Site Map
Sign up for
Email Alerts

Translate This Page

 

TABLE 6 - Alternative Estimates of the Effect of Vacancy Decontrol on the Monthly Rents Paid by New Occupants of Rent Regulated Apartments over the Next Two Years (Means)

Absolute Increase in Mean Percentage Increase in Mean
(1) (2) (1) (2)
Mott Haven, Hunts Point, Morrisania, East Tremont, Highbridge, South Concourse, University Heights, Fordham $16 $37 2.7% 5.6%
Kingsbridge Heights, Mosholu, Riverdale, Kingsbridge, Williamsbridge, Baychester $38 $40 5.9% 5.5%
Soundview, Parkchester, Throgs Neck, Co-op City, Pelham Parkway $42 $31 7.0% 4.7%
Williamsburg, Greenpoint $0 $31 0.0% 5.2%
Brooklyn Heights, Fort Greene, Park Slope, Carroll Gardens $0 $45 0.0% 5.0%
Bedford Stuyvesant, Bushwick $0 $18 0.0% 2.7%
East New York, Starret City, Brownsville, Ocean Hill $0 $24 0.0% 3.6%
Sunset Park $0 $10 0.0% 1.2%
North Crown Heights, Prospect Heights, South Crown Heights $33 $34 5.2% 4.8%
Bay Ridge $0 $17 0.0% 2.1%
Bensonhurst $0 $18 0.0% 2.4%
Borough Park $0 $16 0.0% 2.3%
Coney Island, Sheepshead Bay, Gravesend, Flatlands, Canarsie $42 $51 6.8% 7.3%
Flatbush, East Flatbush $20 $22 3.0% 2.9%
Greenwich Village, Financial District $76 $145 6.2% 10.5%
Lower East Side, Chinatown $0 $48 0.0% 5.7%
Chelsea, Clinton, Midtown, Stuyvesant Town, Turtle Bay $166 $112 14.9% 8.9%
Upper West Side, Upper East Side $166 $130 14.7% 10.2%
Morningside Heights, Hamilton Heights, Central Harlem, East Harlem, Washington Heights, Inwood $129 $94 19.3% 12.4%
Astoria $0 $23 0.0% 2.9%
Sunnyside, Woodside $0 $29 0.0% 3.8%
Jackson Heights $0 $13 0.0% 1.5%
Elmhurst, Corona $142 $63 20.6% 8.1%
Middle Village, Ridgewood $0 $19 0.0% 2.8%
Forest Hills, Rego Park $84 $43 11.0% 5.1%
Flushing, Whitestone $106 $48 14.2% 5.7%
Hillcrest, Fresh Meadows $8 $15 1.1% 1.8%
Kew Gardens, Woodhaven, Howard Beach, South Ozone Park, Rockaways $0 $17 0.0% 2.1%
Bayside, Little Neck, Jamaica, Bellerose, Rosedale $2 $42 0.3% 5.7%
North Shore, Mid-Island, South Shore $0 $42 0.0% 5.7%

NOTE. _ (1) Preliminary estimates based on market and actual rents at the time of the 1996 Housing and Vacancy Survey. (2) Refined estimates that account for allowed increases in actual rents when apartments are vacated under the ordinance in existence in April 1997 and increases in market rents due to the loss of the tenure discount and inflation and that insure the predicted market rent of each apartment is as least as large as its actual rent. If the predicted increase in mean rent is negative in (1), zero is reported because the actual rent of an apartment can never be greater than its market rent.


NYC.gov Always Open Go to: NYC-311 Home | Contact Us | Directory | Privacy Policy