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Living in a 3,000 Sq. Ft. Rent-Stabilized Apt. for Decades
By
Jen Chung
Published Mar 5, 2009
Modified Mar 5, 2009
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By
Jen Chung
Published Mar 5, 2009
Modified Mar 5, 2009
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Drama about the condo conversion at the stately Upper West Side building aside, the NY Times goes into the Apthorp and focuses on the family who resides in apartment 11L— 3,000 square feet, 8 rooms, and currently $2,850/month. The O'Neals, who run restaurants O'Neal's and, just blocks from the building, the 79th Street Boat Basin, started renting back in 1971—back then, it was an outrageous $675/month—and now share the space with their 37-year-old son, his ex-girlfriend, and their 6-year-old grandson. The Times reports, "Having made it through the 15-year real estate boom with their tenancy intact, the O’Neals, who have been careful to keep their household income below the $175,000 maximum allowed for stabilized tenants with rents above $2,000, don’t seem too concerned about any possible fallout from the bust." Christine O'Neal adds, "We’re protected by the rent laws. I’m 70 years old. It’s not something I think about. I’ve been living here for years and I just want to detach myself from worrying about material things." There's also an audio slide show of the place.
Tagged
Apthorp
real estate
Upper West Side
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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