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.
For the original version including any supplementary images or video, visit http://gawker.com/this-megabank-lawyer-pays-lower-rent-than-you-for-no-go-1335865489

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