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Entries from Gothamist tagged with 'rentstabilized'

July 17, 2008

While Representative Charles Rangel has defended his multiple rent stabilized apartments--one of which he is giving up--as legal and aboveboard, today the NY Times details how his landlord has attempted to evict other longtime rent-stabilized tenants(ones without political juice), sometimes using aggressive tactics. Lenox Terrace, located on West 132nd to West 135th Streets between Lenox and Fifth, is operated by the Olnick Organization. One tenant, who was going blind and could not write his rent......

Continue Reading "Of Course: Rangel's Landlord Tried to Evict Other Rent-Stabilized Tenants"

July 16, 2008

Representative Charles Rangel discussed his decision to give up one of his 3-4 rent-stabilized apartments by saying his re-election campaign-- which used a one-bedroom apartment with a monthly rent of $630 at Lenox Terrace in Harlem--"had decided they were going to move anyway" since the lease is up in October. Last week, the NY Times revealed that Rangel rented four apartments at rent-stabilized rates (one apartment is made up of two units) raising questions about......

Continue Reading "Rangel Says His Rent-Stabilized Apartment Office Wasn't Wanted Anyway"

July 15, 2008

After the revelation that he rents at least three rent-stabilized apartments (one unit is made up of two previously combined units) and ensuing uproar, Representative Charles Rangel will give up a 10th floor one-bedroom unit at Harlem's Lenox Terrace that he used as an office. The NY Times first reported Rangel's real estate riches last Thurday, and Rangel defended his actions as being legal. However, rent regulations require that, per the Times, "rent-stabilized apartments to......

Continue Reading "Rangel Will Give Up One Rent-Stabilized Apartment"

July 11, 2008

Representative Charles Rangel gave a press conference defending his four rent-stabilized apartment at Lenox Terrace. The NY Times had reported on Rangel's unusual rent-stabilized "riches" in an article today (which was online last night), and the paper has three reporters on the scene at the press conference. The Observer observer this exchange between the 78-year-old Congressman and a Times reporter:"Paying the legal rent is not a gift. Are you doing this deliberately or are you......

Continue Reading "Rangel Says His Rent is Fine, Blasts the NY Times"

July 11, 2008

Representative Charles Rangel isn't so happy with the New York Times: The Gray Lady revealed the high-ranking Congressman has four rent-stabilized apartments at Lenox Terrace, the Harlem development where Governor David Paterson also lives (Paterson only has one rent-stabilized apartment, though). The NY Times reports three of the apartments were combined to make one 2,500 square foot apartment on the 16th floor, while a fourth apartment serves as his campaign office "despite state and......

Continue Reading "Congressman Charles Rangel and His Four Rent-Stabilized Apartments"

June 22, 2008

The Daily News scored an exclusive account of life inside the Economakis building on East 3rd Street-- their intern Barry Paddock happens to be one of the tenants getting evicted: "In eviction papers, they laid out a plan to combine our cramped but beloved rent-stabilized apartments into a suburban-style mansion. Apartments on my floor would be demolished and replaced by a hanging walkway overlooking their new two-story living room." Bonus fact: the Economakis family paid......

Continue Reading "Reporting Live From Inside the Tenement Mansion"

May 6, 2008

Last night, the Rent Guidelines Board recommended to increase rents for rent-stabilized apartments by 3.5-7% for one-year leases and 5.5-9.5% for two-year leases. This figure was deemed too high by tenants and not high enough by landlords. This proposed increase is higher than last year's (3% for 1-year, 5.75% for 2-year leases), reflecting the rising costs landlords face. The Post noted the meeting last night followed "a well-worn script" with tenants asking for a rent......

Continue Reading "Landlords, Tenants Unhappy with Proposed Rent Hikes"

April 30, 2008

Spring is when the days are longer, cherry blossoms are in bloom, and the Rent Guidelines Board discusses this year's round of rent hikes for rent-regulated apartments. And this year's talks should be another doozy, as the RGB found landlord operating costs have risen 7.8% over the past year. This year, landlords will be asking for 10% hikes for 1-year leases and 15% increases for 2-year leases. Last year, rents hikes were approved for 3%......

Continue Reading "It's Time to Discuss Rent Hikes Again!"

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