NYC Condominium Comparable Rental Income Reports, 2012-2018

Department of Finance reports from 2012-2018 used to value NYC condominiums as if they were rental apartment buildings. The data includes property location, building classification, total units, year built, square footage, and estimated income and expenses. This valuation method is required by New York State law.

Use Cases

• Modeling property valuation based on estimated gross income and expenses.
• Analyzing real estate market trends across NYC neighborhoods mentioned in the data.
• Comparing building characteristics like year built and gross square footage across property types.
• Forecasting net operating income for condominium properties.

Strengths

• Reports span 7 years from 2012 to 2018.
• Includes specific property details like Borough-Block-Lot, address, and building classification.
• Contains derived financial metrics such as Estimated Gross Income, Net Operating Income, and Full Market Value.

Limitations

• Row count and file size are unknown, which may limit suitability assessment.
• Column-level documentation is absent; field semantics must be inferred after download.
• Last update date is unknown; freshness unverified.

Provenance

Source

NYC Department of Finance via NYC Open Data.

Collection Method

Administrative records collected for property tax valuation.

Time Range

2012-2018

Geography

New York City, USA