Figure II-3

Anticipated Spending on Improvements

Borough Total Number of Stabilized
Apartments
Average Spending on Improvements Following Rent Increase* Total Spending on Improvements ($1,000) Net Economic Impact** ($1,000)
Bronx 177,338 $4,399.6 $499,933.0 $670,510.1
Brooklyn 254,743 $3,903.5 $675,197.7 $905,575.1
Manhattan 355,310 $8,086.0 $2,158,071.8 $2,894,405.9
Queens 182,180 $4,068.9 $636,653.1 $853,879.1
Staten Island 9,455 $508.6 $1,440.8 $1,932.4
New York City 979,026 $5,571.4 $3,971,296.3 $5,326,302.6