C.3 Cross Sectional Income and Expense Study Estimated Average Rents and Income (1992) by Building Size and Location


                   Post '46            Pre '47           All Stabilized
              Rent     Inc.  Exp.   Rent   Inc. Exp.    Rent   Inc.  Exp.

Citywide      $664    $733  $482    $468  $518 $364     $521  $576  $395
 11 - 19      $544    $951  $601    $448  $561 $386     $449  $569  $401
 20 - 99      $518    $555  $376    $448  $488 $345     $456  $496  $351
100+          $795    $888  $570    $607  $676 $452     $710  $792  $524

Bronx         $482    $515  $350    $394  $417 $313     $428  $448  $320
 11 - 19         -       -     -    $384  $424 $329     $398  $444  $339
 20 - 99      $464    $483  $308    $394  $411 $298     $401  $418  $300
100+          $508    $542  $382    $403  $417 $287     $435  $455  $316

Brooklyn      $485    $512  $370    $406  $420 $318     $439  $461  $330
 11 - 19         -       -     -    $374  $401 $313     $381  $408  $317
 20 - 99      $476    $496  $359    $407  $420 $298     $416  $429  $306
100+          $505    $521  $380    $436  $446 $306     $485  $500  $359

Manhattan   $1,024  $1,180  $720    $526  $616 $427     $632  $736  $490
 11 - 19         -       -     -    $487  $657 $456     $487  $670  $464
 20 - 99      $735    $851  $554    $512  $591 $414     $523  $604  $421
100+        $1,088  $1,253  $757    $683  $780 $519     $869  $997  $628

Queens        $523    $565  $390    $450  $472 $320     $491  $524  $360
 11 - 19      $459    $489  $334    $410  $429 $291     $414  $434  $294
 20 - 99      $492    $521  $360    $442  $459 $312     $457  $478  $327
100+          $556    $593  $412    $501  $513 $351     $543  $574  $397

St Island *   $529    $605  $387      --    --   --     $529  $605  $387

City and borough totals are weighted, while figures for building size
categories are unweighted. ALL EXPENSE DATA IS UNAUDITED. The number of
Post-1946 buildings in the Bronx, Brooklyn and Manhattan were too small to
calculate reliable statistics. The number of stabilized buildings in Staten
Island was small enough to permit only the preparation of summary
statistics.

Source: NYC Department of Finance, RPIE Filings.