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Updated almost 2 years ago,

User Stats

6
Posts
5
Votes
Benedict Feole
  • New to Real Estate
  • NYC
5
Votes |
6
Posts

Can I charge more in Manhattan to subtenants?

Benedict Feole
  • New to Real Estate
  • NYC
Posted

Hello,

I'm taking a three-bedroom apartment in Manhattan, and would like to sublet two of the three rooms out. If the lease is $3,000/month, can I charge subtenants $1200/month for partially-furnished bedrooms? I'm not trying to make a profit, more just offering a service for three months at a time. I would include a bed, desk, table, chair, lamp, hangers, and dresser (which all cost an initial outlay).

There are articles online that mention not being able to sublet whole places for more rent than what is on the main lease, but there's no info about subletting rooms in a place one lives in. The articles say that a maximum rent increase of 10% is allowed, but only for furnished apartments. My broker friends say this only applies to rent-controlled places.

Feeling confused. Thanks for any information.

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