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	<title>Observer &#187; At $55 a Month, This May Be the Cheapest Apartment in New York, Let Alone Soho</title>
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		<title>Observer &#187; At $55 a Month, This May Be the Cheapest Apartment in New York, Let Alone Soho</title>
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		<title>At $55 a Month, This May Be the Cheapest Apartment in New York, Let Alone Soho</title>

		<comments>http://observer.com/2012/03/at-55-a-month-this-may-be-the-cheapest-apartment-in-new-york-let-alone-soho/#comments</comments>
		<pubDate>Mon, 19 Mar 2012 16:02:25 -0400</pubDate>
					<link>http://observer.com/2012/03/at-55-a-month-this-may-be-the-cheapest-apartment-in-new-york-let-alone-soho/</link>
			<dc:creator>Michael Ewing</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=228156</guid>
		<description><![CDATA[<p><div id="attachment_228174" class="wp-caption alignleft" style="width: 210px"><a href="http://www.observer.com/2012/03/at-55-a-month-this-may-be-the-cheapest-apartment-in-new-york-let-alone-soho/pic_view-1-6/" rel="attachment wp-att-228174"><img class="size-medium wp-image-228174" title="pic_view-1" src="http://nyoobserver.files.wordpress.com/2012/03/pic_view-1.jpg?w=200&h=300" alt="" width="200" height="300" /></a><p class="wp-caption-text">Fifty-five bucks to live here? Hot damn! (PropertyShark)</p></div></p>
<p>Rent control <a href="http://www.commercialobserver.com/2010/09/could-rent-control-die-by-decades-end/">might be running out by the decade's end</a>, but some rent-controlled tenants gladly pay their double digit rent and plan to pass it on to future generations, much to <a href="http://www.observer.com/2010/09/its-old-people-vs-landlords-in-vanishing-rentcontrolled-apartments/">their landlords (and lawyers') dismay</a>.</p>
<p>Consider the case of two elders in Soho–Thomas Lombardi and Robert Cohen—<a href="http://www.nypost.com/p/news/local/manhattan/the_nyc_apartment_pSlenUDSFQNQORpPKt7TJL?utm_medium=rss&amp;utm_content=Manhattan">who have been paying $55.01 and $71.23, respectively, for their apartments</a>, according to the <em>Post.<!--more--></em></p>
<p>Mr. Lombardi, son of Italian immigrants, moved to his apartment on 5 Spring Street in the 1940s. The rent, which qualifies for the pre-1971 rent control rates, has been $55.01 for the past two decades. He currently lives there with his "much younger wife," the <em>Post </em>noted.</p>
<p>On the other hand, Robert Cohen, a retired military meteorologist, pays $71.23 for his 500 square foot one bedroom apartment. He earned $1,100 a month from his military pension, but also does nude modeling on the side at $18.50 an hour. Despite being 87, he does not plan on letting the apartment succumb to the Manhattan market-rate market, and instead might be marrying a 41 year old lover from his past:</p>
<blockquote><p>Because New York has legalized gay marriage, Combs said he is considering tying the knot with a 41-year-old former lover from Nepal who is seeking political asylum in the United States.</p>
<p>Under the city’s rent-control laws, the apartment would pass to Combs’ spouse after his death if the spouse had lived there from the beginning of the marriage.</p></blockquote>
<p>The living hasn't been entirely easy, however. Mr. Cohen's landlord tried to boot him for being a hoarder and living in hazardous conditions. Wouldn't it make sense to host a yard sale and rack up enough cash to pay for the new few years? New Yorkers love vintage.</p>
<p><em>mewing@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_228174" class="wp-caption alignleft" style="width: 210px"><a href="http://www.observer.com/2012/03/at-55-a-month-this-may-be-the-cheapest-apartment-in-new-york-let-alone-soho/pic_view-1-6/" rel="attachment wp-att-228174"><img class="size-medium wp-image-228174" title="pic_view-1" src="http://nyoobserver.files.wordpress.com/2012/03/pic_view-1.jpg?w=200&h=300" alt="" width="200" height="300" /></a><p class="wp-caption-text">Fifty-five bucks to live here? Hot damn! (PropertyShark)</p></div></p>
<p>Rent control <a href="http://www.commercialobserver.com/2010/09/could-rent-control-die-by-decades-end/">might be running out by the decade's end</a>, but some rent-controlled tenants gladly pay their double digit rent and plan to pass it on to future generations, much to <a href="http://www.observer.com/2010/09/its-old-people-vs-landlords-in-vanishing-rentcontrolled-apartments/">their landlords (and lawyers') dismay</a>.</p>
<p>Consider the case of two elders in Soho–Thomas Lombardi and Robert Cohen—<a href="http://www.nypost.com/p/news/local/manhattan/the_nyc_apartment_pSlenUDSFQNQORpPKt7TJL?utm_medium=rss&amp;utm_content=Manhattan">who have been paying $55.01 and $71.23, respectively, for their apartments</a>, according to the <em>Post.<!--more--></em></p>
<p>Mr. Lombardi, son of Italian immigrants, moved to his apartment on 5 Spring Street in the 1940s. The rent, which qualifies for the pre-1971 rent control rates, has been $55.01 for the past two decades. He currently lives there with his "much younger wife," the <em>Post </em>noted.</p>
<p>On the other hand, Robert Cohen, a retired military meteorologist, pays $71.23 for his 500 square foot one bedroom apartment. He earned $1,100 a month from his military pension, but also does nude modeling on the side at $18.50 an hour. Despite being 87, he does not plan on letting the apartment succumb to the Manhattan market-rate market, and instead might be marrying a 41 year old lover from his past:</p>
<blockquote><p>Because New York has legalized gay marriage, Combs said he is considering tying the knot with a 41-year-old former lover from Nepal who is seeking political asylum in the United States.</p>
<p>Under the city’s rent-control laws, the apartment would pass to Combs’ spouse after his death if the spouse had lived there from the beginning of the marriage.</p></blockquote>
<p>The living hasn't been entirely easy, however. Mr. Cohen's landlord tried to boot him for being a hoarder and living in hazardous conditions. Wouldn't it make sense to host a yard sale and rack up enough cash to pay for the new few years? New Yorkers love vintage.</p>
<p><em>mewing@observer.com</em></p>
]]></content:encoded>
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