12:35 GMT +322 October 2019
Listen Live
    Manhattan, New York

    Penny-Pinching Broker Concealed Salary to Get Discount on Manhattan Apartment

    CC0
    US
    Get short URL
    0 0 0
    Subscribe

    The Douglaston Development company has won its case against David Sans and evicted the wealthy stockbroker from the affordable apartment in Ohm rental tower in Chelsea.

    Stockpicker David Sans claimed a $24,000 salary (a year) to win an upmarket, low-rent apartment inside the luxe Ohm apartment tower on Manhattan shortly before confirming a salary of $238,000 on his tax forms.

    Judge Stoller affirmed Sans' "sizable under-reporting of his income implicates his eligibility to be a tenant in the subject premises and constitutes a material misrepresentation." The court ruled that Sans lacked a valid explanation for why his income grew on different filings and ordered him to move out.

    David Sans received the apartment with only $722-a-month rent, instead of $4,000-a-month, due to special "moderate" rates offered by Douglaston Development on 20% of the apartments in Ohm rental tower in order to avoid paying property taxes for 20 years. 

    READ MORE: Lawyers Clash in Manhattan Court Over Trump's Right to Block Twitter Users

    Sans was one of 160 high-income residents caught by New York State Comptroller Thomas DiNapoli last year renting subsidized apartments meant for low-income earners.

    Only low-income applicants are eligible for the "affordable" apartments and they must provide evidence of their income to qualify.

    Related:

    State Dept. Skeptical Russia Will Be Honest Broker in UN-Led Ceasefire in Syria
    Netanyahu: No One but US Can Broker Israeli-Palestinian Peace Deal (VIDEO)
    Goldman Sachs Warns of Imminent US Stock Market Plunge
    Is Trump to Blame for the Stock Market Fall?
    Tags:
    apartment, luxury, discount, Manhattan, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik