Civic Report
No. 34 March 2003


Who Really Benefits from New York City’s Rent Regulation System?

Table A-6: HedonicenEquation, Unregulated Sector, Queens

Dependent Variable   

Natural log of monthly contract rent

Number of Observation  

901

Adjusted Squared Multiple R  

0.411

Variable  

Coefficient

Std. Error

T

Intercept  

6.150

0.044

141.31

Number of bedrooms  

0.096

0.016

6.02

Number of other rooms  

0.062

0.011

5.65

Built prior to 1947  

-0.161

0.025

-6.40

Built btw. 1947 and 1969  

-0.051

0.026

-1.98

Broken or boarded-up windows on street  

0.000

0.039

0.00

Excellent or good neighborhood  

0.029

0.020

1.40

Three or more maintenance deficiencies  

0.032

0.031

1.03

Length of tenure  

-0.019

0.005

-3.96

Length of tenure, squared  

0.000

0.000

0.62

Queens Zone 14  

0.182

0.029

6.20

Queens Zone 15  

0.134

0.029

4.56

Queens Zone 16  

0.156

0.028

5.64

Table A-7: Deregulation of All Stabilized Units, Median Predicted Rent Changes and Number of Units Affected, Bronx And Upper Manhattan

 

 

 

 

 

100% Deregulation

 

Total Number of Stabilized Units

Median Stabilized Rent

Median Subsidy

Subsidy as Percent of Rent, Median

Median Rent Change from Deregulation

Median Percent Rent Change

Lower Bronx and Upper Manhattan1

207,361

$560

$41

8%

$28

5%

Kingsbridge Heights / Mosholu Riverdale / Kingsbridge
Williamsbridge / Baychester

69,684

$580

$42

7%

$34

6%

Throgs Neck / Co-op City
Pelham Parkway

19,576

$570

$89

17%

$57

10%

 

 

 

 

 

  

 

Notes:
1. Mott Haven / Hunts Point; Soundview / Parkchester; Morrisania / East Tremont; Central Harlem / East Harlem; Highbridge / South Concourse; Morningside Heights / Hamilton Heights; University Heights / Fordham; Washington Heights / Inwood

Table A-8: Deregulation of All Stabilized Units, Median Predicted Rent Changes and Number of Units Affected, Brooklyn

 

 

 

 

 

100% Deregulation

 

Total Number of Stabilized Units

Median Stabilized Rent

Median Subsidy

Subsidy as Percent of Rent, Median

 Median Rent Change from Deregulation

Median Percent Rent Change

Sunset Park / Bensonhurst
Sheepshead Bay / Gravesend
Borough Park
Williamsburg / Greenpoint

83,422

$612

$12

2%

*

*

Brooklyn Heights / Fort Greene
Park Slope / Carroll Gardens
Flatbush / Flatlands / Canarsie
Bay Ridge

83,217

$668

*

*

*

*

Bedford Stuyvesant / Bushwick
East New York / Starrett City
Brownsville / Ocean Hill
Coney Island

46,968

$565

*

*

*

*

N. Crown Hts. / Prospect Hts.
South Crown Heights
East Flatbush

55,215

$600

$15

2%

*

*

 

 

 

 

 

 

 

Note: * Effectively zero

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