Subletting a rent stabilized apt for higher amount than actual rent legal?

[Ricardo S.]

I applied for a rent stabilized apartment a got approved. The rent is $700/month for 2/1 apartment in a new constructing high rise. Is it legal to sublease the apartment for a higher amount than the actual rent price? Market rent is about $1500/month. Assuming I let the landlord know about the sublet but don't include the amount the new renter will be paying to me.

 Can this be done?