The Jungle That Is NYC Real Estate.

Crossposted from shanio over at the neo.

Brother Charlie Rangel, bless him, is renting not one, not two, not three… but four rent-stabilized apartments in one uptown building, for a fraction of what they would normally cost on the market. According to the Times:

Mr. Rangel, who was first elected to Congress in 1970 and is one of the city’s most recognizable elected officials, has written and spoken extensively about his devotion to his home in Harlem, but does not appear to have ever publicly acknowledged that he has been permitted to lease four rent-stabilized apartments there. According to a public records database and interviews with neighbors, he has lived in the building since the early 1970s, but it is not clear when he amassed the four units.

Mr. Rangel, 78, declined to answer questions during a telephone interview, saying that his housing was a private matter that did not affect his representation of his constituents.

“Why should I help you embarrass me?” he said, before abruptly hanging up.

I love it. Although, this is really just another case of the rich and powerful getting things for cheap, while the people who could really use a rent-stabilized place are getting the shaft. Ah, capitalism. Rangel, who did a lot of good back in the day, is old and comfortable, and I guess he feels like he’s getting his due.

But then again, His Awesomeness, NY Governor David Paterson, also has a rent-stabilized apartment in that building. And so does his dad, who pays less in rent for a one-bedroom than I do. I think I’m mad.

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  • e.

    yeah i’m really mad about it. what rangel pays a month for 4 apartments is what we pay for two months in ours… and there are three of us up in there. whomp whomp.

  • It’s hard to be mad at Rangel, though. I mean, look at that face. And his response to the Times is awesome.

    This comment brought to you by the shamelessly ass-licking “rich people are okay as long as they’re nice about it” part of my personality.

  • Larry Barton

    Ahh! Congressman Rangel, one of the media-specified Harlem-based, Good-old-boy power brokers that have “represented” (many would say with ample evidence “mis-represented”) that renowned community since he was first selected to replace Adam Clayton Powell, Jr. back in the early 1970’s, of course, refuses to speak about his amassed enrichments. In this case, his four rent-stabilized apartments in the fast-becoming gentrified Harlem community.

    Rangel’s silence is just as deafening as when he and the other “power brokers” –including then State Senator and Minority Leader David Paterson– were asked to speak out and act on behalf of the Black United Fund of New York when now disgraced former Governor Eliot Spitzer took over that non-profit in 2003, as then attorney general, for one of his infamous “investigations. (History repeats itself, again.) That investigation, which actually began in November 2002, to this day has not been formally closed (Assurance of Discontinuance issued by the Office of the Attorney General, as was done by Spitzer with the World Jewish Congress). There were no charges ever filed against BUFNY’s executive managers who were suddenly terminated –without cause– by Spitzer’s hand-picked board of five Black Republicans from Long Island (4) and Harlem (1). Then State Senator Paterson –a Democrat like Spitzer– even stated in a meeting in his Harlem office that he would hold public hearings on the Spitzer takeover. Those hearings were never held and when asked recently, as now Governor Paterson, for a meeting and take steps to restore the Black United Fund of New York, he stated, using a spokesperson, the destruction of BUFNY was “not on his watch”.

    The Black non-profit institution, whose headquarters was within two blocks of both Rangel’s and Paterson’s residences, was effectively destroyed by 2005 and completely by 2006, even after Spitzer had said the takeover was to help BUFNY “to flourish”. Twenty-five (25) years of pioneering work, history and self-help institution building out of the window and not a word has been uttered about it. Charlie Rangel, David Paterson, David Dinkins (former NYC Mayor), C. Virginia Fields (former Manhattan Borough President) and others were all silent then and remain silent now.

    One would think Rangel would be proud to speak of how he has benefited from the “system” that grinds so many of his fellow Harlem residents into oblivion. Rangel’s silence about his fortunes gained is par for the course of a “politician”.

    For sure, he took the 5th on this one!

  • The NY Times should have told the real NY rent-stabilized story.

    Rangel didn’t do anything wrong. The way the rent-stabilized system works is that rent goes up when apartments are vacated and new tenants come in. Therefore, if you never move out, your rent is significantly cheaper. Most smart people sign two year leases so that their rent goes up a small percentage (dictated by the rent guidelines board of NYC).

    The real story is that there are people all over Manhattan who live in rent stabilized apartments that never leave. They pass them on to their children.

    I know real millionaires literally paying one tenth of the actual market rates because they never leave the apartments. (I have one friend who pays $600 for a 3 bedroom rent stabilized apartment in Greenwich village. She’s lived there for 25 years.)

    Having said that, the management is shady. I won’t go into detail cause I could literally write a book. (I lived there for 7 years so I have an insiders view.)

  • In regards to multiple apartments, Rangel is correct when he says that there are other businesses there. All of them are legit.

  • quadmoniker

    AroundHarlem:
    I’ve lived in rent stabilized apartments, too. The difference is that I make a regular person’s salary. It doesn’t matter that what Rangel is doing is legal, what matters is that the intent of rent stabilized apartments is to provide people with stable homes, not to help millionaires stay rich. That’s especially important now, when so many people are losing their homes and affordable apartments are so hard to find. Rangel is a public official, and so his actions are answerable to the public.

  • Larry Barton

    Let us not be naïve or so superficial about what the real story is behind the control of a few “rent-stabilized” apartments by a long-time congressman from an exploited community. While living in a “rent-stabilized” apartment is not a crime or “wrongdoing” (Don’t you just love that word that smacks of guiltiness?) on the part of Congressman Charles Rangel, the fact is that Harlem is being gentrified and Black people are getting the very short end of the stick once again with no objections from those who represent them.

    Black people in general, and with the exception of the chosen few who have played the political game of “What’s in it for me?” like Rangel, Paterson, Dinkins, Fields, Wright, Perkins, etc., make room for others and are shifted or displaced like cattle on a plantation –at the whim and will of the money holders and lenders– to other pastures to await a new cycle of destruction of their community and institutions.

    The silence of Rangel and Paterson on the destruction of the Black United Fund of New York, the continued denial of Alton Maddox of his right to practice law, the continued killing of Black men and women -unarmed, the displacement of Black people out of their communities, and the dismal history of political accomplishments that have not brought benefits to the masses of Black people all speak to the massive failure of Black politicians, with only a few exception, and their disservice of those they are supposed to include in their “representation”.

    Have you had enough? Is the silence deafening?

  • aisha

    But if Rangel moves out can’t the landlord raise the price to market rates? So no one wins.

  • quadmoniker

    I don’t know whether the landlord can raise them to market rates or if there is a cap, but the fact of the matter is rangel has tied up three extra apartments with below-market rates for however many years. While three families could have been living in them, he was using them as offices and whatever else suited his fancy.

  • Two things can happen if Rangel moves out.

    1. The apartment can be rented as is with a new paint job and an increase in rent according to what ever the law dictates. (ex. 3-7% …. estimated, I’m not 100% sure)

    2. The apartment is renovated and costs of renovations are included in the rent of the new apartment. This is how rents are drastically increased.

    For the last couple of years, Lenox Terrace has been renovating apartments to raise rents. When I moved there in 1991 I had a totally brand new apartment. I paid $1,300 and the previous tenant was an elderly woman who had lived there for 25 years. Her rent was $500 something.

    Essentially, the more expensive the renovations, the higher the rent.

    So, even if Rangel moves out or gives up a couple of apartments, there is no guarantee that they will remain affordable.

  • “Black people in general, and with the exception of the chosen few who have played the political game of “What’s in it for me?” like Rangel, Paterson, Dinkins, Fields, Wright, Perkins, etc., make room for others and are shifted or displaced like cattle on a plantation –at the whim and will of the money holders and lenders– to other pastures to await a new cycle of destruction of their community and institutions.

    The silence of Rangel and Paterson on the destruction of the Black United Fund of New York, the continued denial of Alton Maddox of his right to practice law, the continued killing of Black men and women -unarmed, the displacement of Black people out of their communities, and the dismal history of political accomplishments that have not brought benefits to the masses of Black people all speak to the massive failure of Black politicians, with only a few exception, and their disservice of those they are supposed to include in their “representation”. ”

    This statement is 1,000% true.

    However, I’m torn about my allegiance to them. They have done a lot of good for the community.

  • Big Word

    I don’t see a problem other than dude using 3 other apartments and not paying market rate for them. That’s just plain greedy.

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