Civic Report
No. 34 March 2003


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

Table 8: Stabilized Units Turning Over At Least Once During 1997–1998, By Borough, New York City

Borough

Quartile

Median Stabilized Rent

Total Number of Stabilized Units

Units Turning Over at Least Once During 1997–1998

Percent

Number of Units

Bronx

all

$550

185,406

30%

55,203

 

1

361

 

15%

6,999

 

2

513

 

31%

14,787

 

3

598

 

36%

16,500

 

4

743

 

37%

16,917

Brooklyn

all

$607

268,822

31%

84,457

 

1

450

 

17%

11,943

 

2

575

 

33%

22,144

 

3

666

 

37%

24,534

 

4

843

 

39%

25,836

Lower and Mid-Manhattan

all

$1,000

238,425

30%

70,716

 

1

500

 

20%

10,830

 

2

875

 

32%

17,090

 

3

1165

 

39%

20,348

 

4

1700

 

42%

22,448

Upper Manhattan1

all

$600

111,215

39%

43,232

 

1

350

 

16%

5,410

 

2

535

 

25%

8,542

 

3

668

 

37%

12,673

 

4

922

 

49%

16,607

Queens

all

$690

196,691

31%

61,348

 

1

498

 

19%

9,260

 

2

626

 

32%

15,777

 

3

728

 

34%

17,177

 

4

900

 

38%

19,134

Staten Island

all

$650

10,341

43%

4,497

 

1

400

 

28%

752

 

2

642

 

38%

960

 

3

735

 

54%

1,440

 

4

900

 

55%

1,345

New York City Total

all

$650

1,010,900

32%

319,453

 

 

 

 

 

 

Notes:
1. Includes Lower East Side / Chinatown

Table 9: Two-Year Vacancy Deregulation of Stabilized Units, Adjusted For Subsidy Levels, Predicted Rent Changes and Number of Units Affected, By Borough, New York City

Borough

Total Number of Stabilized Units

Median Stabilized Rent

Median Subsidy

Subsidy as Percent of Rent, Median

Median Rent Change from 100% Deregulation

Adjusted ** Rent Change from Vacancy Deregulation

Rent Change

Percent Affected

Units Affected

Bronx

185,406

$550

$58

10%

$37

$54

21%

38,642

Brooklyn

268,822

$607

$5

1%

*

*

25%

66,721

Lower and Mid-Manhattan

238,425

$1000

$397

37%

$218

$374

13%

30,408

Upper Manhattan1

111,215

$600

$9

2%

*

*

30%

33,721

Queens

196,691

$690

*

*

*

*

25%

49,078

Staten Island

10,341

$650

*

*

*

*

35%

3,598

New York City Total

1,010,900

$650

$42

6%

$8

$35

22%

222,168

 

 

 

 

 

 

 

 

 

Notes:
*  Effectively Zero
** Adjusted to take into account subsidy levels and overcounting; see text
1. Includes Lower Eastside/Chinatown

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