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Bronx Brooklyn Manhattan Queens Staten Island

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Select the apartment size:

Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom

Select all amenities:

Laundry in Unit Pets allowed Wheelchair access City view Balcony

The expected monthly rent for this apartment is:

$....

Methodology

Our estimates are based on a combination of Zillow Public Data and recent apartment listing data accessed from various web real estate listing services. The Zillow data firstly provide the current median prices for apartments of different sizes in different neighborhoods. We use this price information, which is based on thousands of currently listed apartments, as the starting point to generate estimates for apartments with specific configurations.

We use recent NYC rental apartment listings collected from various listing services to estimate the market value of the various amenity options we include. Specifically we estimate the value of these amenities using an Ordinary Least Squares (OLS) regression model. OLS regression models allow you to determine how much one attribute is worth controlling for all others. We combine the estimated market values of the amenities with the baseline price estimates provided by Zillow to accurately produce the final estimates.

This website and system was built by Matthew Sisco and Mindnet Analytics.

Contact

contact@apartmentvalue.nyc