Gov. pays $1,250 for Manhattan apt.

May 22, 2008 5:19:43 AM PDT
Rent stabilization laws govern about a million apartments New York City, including one rented by Governor Paterson and his wife. Paterson says he pays about $1,250 a month for a rent-stabilized two-bedroom apartment at Lenox Terrace in Harlem. That's less than half the market rate for housing in his complex.

According to the landlord's Web site, the market rate for a similar apartment at Lenox Terrace is $2,600 a month or more.

According to their tax returns, Paterson and his wife Michelle made about $270,000 last year. They also own a home in suburban Albany and use the Governor's Mansion in Albany.

Paterson told The New York Sun that the rent was appropriate, given the city's rent regulations.

But some critics disagree, saying high-income New Yorkers shouldn't be eligible for rent stabilization.