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	<title>Observer &#187; Rangel Got Discounts at Harlem&#8217;s Original &#8216;Best Address&#8217;</title>
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		<title>Observer &#187; Rangel Got Discounts at Harlem&#8217;s Original &#8216;Best Address&#8217;</title>
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		<title>Rangel Got Discounts at Harlem&#8217;s Original &#8216;Best Address&#8217;</title>

		<comments>http://observer.com/2010/07/rangel-got-discounts-at-harlems-original-best-address/#comments</comments>
		<pubDate>Fri, 23 Jul 2010 15:50:59 -0400</pubDate>
					<link>http://observer.com/2010/07/rangel-got-discounts-at-harlems-original-best-address/</link>
			<dc:creator>William Alden</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/lenox_01.jpg?w=300&h=218" />Among the allegations against U.S. Representative Charles Rangel of Harlem is that he accepted shady discounts on four rent-stabilized apartments in Lenox Terrace, historically one of Harlem's poshest addresses.</p>
<p>In 1968, the <em>Times Magazine </em>called the building, located at West 132-135<sup>th</sup> Streets between Lenox and Fifth Avenue and owned by the Olnick Organization, "Harlem's Best Address," according to the Olnick Organization's Web site. Harlem looked pretty different back then.</p>
<p><em>The</em> <em>Times</em> <a href="http://www.nytimes.com/2010/07/23/nyregion/23rangel.html?_r=1&amp;hp">recalls</a> today a <a href="http://www.nytimes.com/2008/07/11/nyregion/11rangel.html">story</a> it reported in 2008 that first exposed the discounts. Mr. Rangel, who used one of the apartments as a campaign office, paid a total of $3,894 a month for four units, the <em>Times</em> says. Back in 2008, a similar bundle of analogous apartments in the building would have cost between $7,465 and $8,125 at market rates.</p>
<p>An employee in Lenox Terrace's leasing office told <em>The Observer</em> today that a two-bedroom apartment in the building rents for between $2,100 and $2,300 a month, and a one-bedroom fetches between $1,400 and $1,750.</p>
<p>Mr. Rangel wasn't the only politician to rent for cheap in Lenox Terrace. Governor David Paterson paid $1,250 a month in 2008 for a two-bedroom whose market rate was at least $2,600.</p>
<p>In the 2008 <em>Times</em> story, Mr. Rangel declined comment.</p>
<p>"Why should I help you embarrass me?" he said.</p>
<p><a href="mailto:walden@observer.com"><em>walden@observer.com</em></a></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/lenox_01.jpg?w=300&h=218" />Among the allegations against U.S. Representative Charles Rangel of Harlem is that he accepted shady discounts on four rent-stabilized apartments in Lenox Terrace, historically one of Harlem's poshest addresses.</p>
<p>In 1968, the <em>Times Magazine </em>called the building, located at West 132-135<sup>th</sup> Streets between Lenox and Fifth Avenue and owned by the Olnick Organization, "Harlem's Best Address," according to the Olnick Organization's Web site. Harlem looked pretty different back then.</p>
<p><em>The</em> <em>Times</em> <a href="http://www.nytimes.com/2010/07/23/nyregion/23rangel.html?_r=1&amp;hp">recalls</a> today a <a href="http://www.nytimes.com/2008/07/11/nyregion/11rangel.html">story</a> it reported in 2008 that first exposed the discounts. Mr. Rangel, who used one of the apartments as a campaign office, paid a total of $3,894 a month for four units, the <em>Times</em> says. Back in 2008, a similar bundle of analogous apartments in the building would have cost between $7,465 and $8,125 at market rates.</p>
<p>An employee in Lenox Terrace's leasing office told <em>The Observer</em> today that a two-bedroom apartment in the building rents for between $2,100 and $2,300 a month, and a one-bedroom fetches between $1,400 and $1,750.</p>
<p>Mr. Rangel wasn't the only politician to rent for cheap in Lenox Terrace. Governor David Paterson paid $1,250 a month in 2008 for a two-bedroom whose market rate was at least $2,600.</p>
<p>In the 2008 <em>Times</em> story, Mr. Rangel declined comment.</p>
<p>"Why should I help you embarrass me?" he said.</p>
<p><a href="mailto:walden@observer.com"><em>walden@observer.com</em></a></p>
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