C.3 Cross Sectional Income and Expense Study: Estimated Average Rents and Income (1993) by Building Size and Location.



                  Post '46                   Pre '47            All Stabilized

             Rent    Inc.   Exp.      Rent    Inc.   Exp.      Rent    Inc.   Exp.

Citywide     $693    $769   $502      $483    $537   $373      $541    $601   $409
  11 - 19    $517    $856   $546      $456    $555   $395      $462    $585   $411
  20 - 99    $554    $587   $403      $467    $510   $356      $486    $526   $366
  100+       $852    $952   $597      $620    $692   $462      $764    $853   $546

Bronx        $503    $534   $367      $426    $448   $327      $439    $462   $334
  11 - 19       -       -      -      $408    $450   $353      $416    $459   $352
  20 - 99    $483    $497   $335      $410    $426   $313      $420    $436   $316
  100+       $538    $565   $406      $420    $437   $306      $478    $500   $355

Brooklyn     $517    $545   $394      $439    $459   $321      $455    $477   $336
  11 - 19       -       -      -      $392    $418   $320      $403    $429   $324
  20 - 99    $507    $526   $380      $418    $429   $298      $441    $454   $319
  100+       $547    $564   $416      $459    $470   $339      $495    $508   $370

Manhattan  $1,080  $1,246   $752      $547    $643   $439      $661    $772   $506
  11 - 19       -       -      -      $508    $675   $465      $510    $700   $478
  20 - 99    $810    $943   $620      $537    $624   $429      $557    $647   $445
  100+     $1,145  $1,318   $783      $725    $834   $549      $972   $1119   $687

Queens       $555    $597   $405      $464    $483   $326      $517    $549   $373
  11 - 19    $478    $514   $398      $416    $435   $299      $436    $460   $331
  20 - 99    $544    $568   $385      $454    $467   $315      $505    $524   $355
  100+       $576    $610   $419      $511    $522   $348      $568    $599   $410

St Island *  $524    $621   $418        --      --     --      $524    $621   $418


* 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.