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The ‘Most Hated’ Man In New York Real Estate?
By admin | February 24, 2008
Developments : The ‘Most Hated’ Man In New York Real Estate?
he ‘Most Hated’ Man In New York Real Estate?
Around the office, most of us know that telling your coworkers how much you make is verboten. But in New York, revealing the size of your monthly rent check, or how much you paid for your home, is pretty standard stuff. But now one Manhattanite may be regretting his candor.
Mathew Thomas was jokingly dubbed Gotham’s “most hated” man by New York real-estate blog Curbed, after a story about him ran in the New York Times last week. According to the article, the aspiring novelist and private-school teacher just bought an apartment on Manhattan’s Upper East Side for $14,000. Similar apartments in Mr. Thomas’s new neighborhood usually run for, oh, about 25 times that amount. (Curbed calls it “one of those stories that is sure to inspire much jealousy and anger.”)
It turns out that the 32-year-old entered his name in a government-subsidized lottery four years ago through the Mitchell-Lama Housing Program, which is only open to individuals with incomes less than $49,625. Thanks to the program, Mr. Thomas now owns a 350-square-foot studio with a full bath — but no stove — that’s located on 88th Street between Second and Third Avenues. His monthly maintenance for the apartment is $295.
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