need cash for The National

[David Atkatz]

Originally Posted by calvindog

Sadly, $3500-$5500 for an apartment on the UES is nothing. Maybe a decent one bedroom. Crazy how expensive Manhattan is. And I believe that an apartment can't be rent controlled once it's rent is 2K a month and the renter earns more than 175K a year.

Who says the renter earns more than $175k/year? I'll lay odds it's rent controlled.

[David Atkatz]

I remember that Alastair Cooke was still living in his rent-controlled apartment on Park Avenue when he died. He was paying some outrageously low rent. Wouldn't you think he was making more than $175k?

[barrysloate]

David- my apartment is rent stabilized, and I've had it for 37 years.

Rent stabilization and rent control are two different things.

[David Atkatz]

Shows you what I know! (We own.) However it happens, though, I'm willing to bet Bruce is not paying market rates. (And, for all we know, it may be a one-bedroom, too.)

[barrysloate]

Bruce has a two bedroom in a high end building. I've been there many times.

[David Atkatz]

Of course it's a high-end building. Are there any other kind on E. 72nd? He still ain't paying market rates, though.

Tell me, Barry, when you where there, did you run into any of his staff?

[barrysloate]

Actually I did, he does have a secretary or assistant and I've seen her at least once. Don't know any details though.

[calvindog]

Originally Posted by David Atkatz

Of course it's a high-end building. Are there any other kind on E. 72nd? He still ain't paying market rates, though.

Tell me, Barry, when you where there, did you run into any of his staff?

A two bedroom on East 72 by the river could be had for 5K. And for rent control, you can make more than 175K a year but not for two years in a row (once the rent exceeds 2K). Lots of renters delay income until the following year to purposely keep their income lower in the year following their 175K+ income year.