#3 Or the nooks and crannies 4 rent controlled apartments he leases.
Mr. Rangel, who has a net worth of $566,000 to $1.2 million, according to Congressional disclosure records, paid a total rent of $3,894 monthly in 2007 for the four apartments at Lenox Terrace, a 1,700-unit luxury development of six towers, with doormen, that is described in real estate publications as HarlemÂ’s most prestigious address.
The current market-rate rent for similar apartments in Mr. RangelÂ’s building would total $7,465 to $8,125 a month, according to the Web site of the owner, the Olnick Organization. |