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Property

Condominium/Cooperative Comparable Rental Income Archives

Finance is required by NY State law to value condominiums or cooperatives as if they were residential rental apartment buildings.  We use income information from rental properties similar in physical features and location to the condominiums or cooperatives. We apply this income data to the condominium or cooperative and determine its value in the same way we value rental apartment buildings.

Comparable Rental Income for Condominiums

Note: To search for specific data in the files below, use the Adobe Acrobat Search feature Acrobat Search or press Ctrl + F in Excel.

Fiscal Year 2011/2012
(updated 5/27/11)

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Manhattan2.2M932k
Bronx148k76k
Brooklyn1.2M419k
Queens716k312k 
Staten Island76k45k

Fiscal Year 2010/2011

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Manhattan1.3M516k
Bronx119k46k
Brooklyn469k263k
Queens431k171k
Staten Island68k24k

Fiscal Year 2009/2010

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Manhattan1.1M465k
Bronx103k38k
Brooklyn469k181k
Queens365k145k
Staten Island68k22k

Fiscal Year 2008/2009

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Manhattan1.1M457k
Bronx96k37k
Brooklyn415k150k
Queens305k123k
Staten Island67k24k

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Comparable Rental Income
 for Cooperatives


Note: To search for specific data in the files below, use the Adobe Acrobat Search feature Acrobat Search or press Ctrl + F in Excel.

Fiscal Year 2011/2012
(updated 5/27/11)

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Manhattan3.4M1.4M
Bronx560k261k
Brooklyn848k396k
Queens1.3M535k
Staten Island75k44k

Fiscal Year 2010/2011

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Manhattan2.7M1.1M
Bronx500k204k
Brooklyn1.0M396k
Queens1.0M406k
Staten Island69k22k

Fiscal Year 2009/2010

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Manhattan2.6M1.1M
Bronx473k198k
Brooklyn986k396k
Queens984k402k
Staten Island67k22k

Fiscal Year 2008/2009

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Manhattan2.6M1.1M
Bronx471k196k
Brooklyn989k416k
Queens988k403k
Staten Island67k24k

Adding Your Information to Assist Finance's Choice of Comparables 
Finance is providing comparable rentals used to value your condo/coop building.  If you wish to identify other comparable rental properties, complete the Request for Review Application  (Part A, Part B and item 3 of Part C).  Send to the address on the form.   

Related Links
Green Bullet Point GraphicCondominium and Cooperative Comparable Rental Income
Green Bullet Point GraphicCondominium and Cooperative Tax Abatement
Green Bullet Point GraphicView Assessment Roll/Notice of Property Value
Green Bullet Point GraphicProperty Valuation/Assessment
Green Bullet Point GraphicView NYC Building Codes


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