Civic Report
No. 34 March 2003

Table A-2: Explanatory Variables Used In Regression Analysis   Variable Definition Dependent Variable:   LMCRENT Natural log of monthly contract rent Independent Variables:   AMTBED Number of bedrooms   AMTROOM Number of total rooms   BLTPRE47 Built prior to 1947   BLT47T69 Built between 1947 and 1969   BRBOWIN Broken or boarded up windows on street   GOODCOND Excellent or good neighborhood   MADEFGE3 Unit has has three or more maintenance deficiencies   LENTEN99 Length of tenure   LENTENSQ Length of tenure, squared   LOCATION Series of variables designating locations listed in Table A-1

Table A-3: Hedonic Rent Equation, Unregulated Sector, Bronx and Upper Manhattan Dependent Variable   Natural log of monthly contract rent Number of Observations   369 Adjusted Squared Multiple R   0.2551 Variable   Coefficient Std. Error T Intercept   6.306 0.066 96.14 Number of bedrooms   0.158 0.035 4.55 Number of other rooms   -0.001 0.026 -0.04 Built prior to 1947   -0.081 0.034 -2.36 Broken or boarded-up windows on street   -0.045 0.060 -0.76 Excellent or good neighborhood   0.078 0.044 1.77 Length of tenure   -0.005 0.010 -0.44 Length of tenure, squared   -0.001 0.001 -1.09 Bronx Zone 1   -0.144 0.040 -3.62 Bronx Zone 5   -0.077 0.044 -1.74

Table A-4: Hedonic Rent Equation, Unregulated Sector, Brooklyn and Staten Island Dependent Variable   Natural log of monthly contract rent Number of Observations   1162 Adjusted Squared Multiple R   0.3154 Variable   Coefficient Std. Error T Intercept   6.217 0.040 156.17 Number of bedrooms   0.065 0.016 3.99 Number of other rooms   0.063 0.012 5.47 Built prior to 1947   -0.081 0.018 -4.40 Broken or boarded-up windows on street   -0.038 0.024 -1.57 Excellent or good neighborhood   0.036 0.021 1.73 Length of tenure   -0.019 0.005 -4.27 Length of tenure, squared   0.000 0.000 1.08 Brooklyn Zone 4   0.041 0.025 1.64 Brooklyn Zone 5   0.102 0.027 3.82 Brooklyn Zone 6   -0.086 0.027 -3.16 Staten Island Zone 18   -0.060 0.031 -1.93

Table A-5: Hedonic Rent Equation, Unregulated Sector, Lower- and Mid-Manhattan Dependent Variable   Natural log of monthly contract rent Number of Observations   286 Adjusted Squared Multiple R   0.4279 Variable   Coefficient Std. Error T Intercept   7.107 0.095 74.85 Number of bedrooms   0.131 0.044 2.71 Number of other rooms   0.130 0.035 3.76 Built prior to 1947   -0.228 0.047 -4.88 Built btw. 1947 and 1969   -0.080 0.063 -1.27 Excellent or good neighborhood   0.085 0.042 2.01 Three or more maintenance deficiencies   -0.065 0.088 -0.74 Length of tenure   -0.029 0.028 -1.03 Length of tenure, squared   -0.003 0.003 -0.81 Zone 10 Manhattan   0.073 0.074 0.98 Zone 11 Manhattan   0.028 0.068 0.41 Zone 12 Manhattan   0.007 0.068 0.10 Zone 13 Manhattan   0.005 0.060 0.09

[Table 1] [Table 2] [Table 3] [Table 4] [Table 5]
[Table 6] [Table 7] [Table 8] [Table 9] [Table A-1] [Table A-2]
[Table A-3] [Table A-4] [Table A-5] [Table A-6] [Table A-7]
[Table A-8] [Table A-9] [Table A-10] [Table A-11]