This Megabank Lawyer Pays Lower Rent Than You For No Good Reason

In describing Michael Kenny and Ingrid Doyle’s two-apartment love affair, Rosenblum mentions that Kenny, a 62-year-old “lawyer with Citigroup,” has for years held on to his “rent-stabilized two-bedroom in a rehabilitated tenement on West 116th Street in South Harlem…for which he pays under $2,000 a month.” Let me put that in context. 1) “Under $2,000 a month” is a very, very low rent. The median rent in Manhattan is more than $3,000 per month . The average two-bedroom apartment in Harlem is $2,539 . Michael Kenny pays a below-market price for his housing. 2) Rent stabilization is a very complex and arbitrary set of codes in New York City that, among other things, prevents landlords from sharply increasing rents property management companies baltimore on certain qualified units.
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