Report: Rangel Has Four Rent-Stabilized Apartments

Rep. Charles Rangel has four rent-stabilized apartments, one of which is used as a campaign office, the New York Times reported on its Web site. Three of the apartments are located on the 16th floor. Two or all three of them may be combined, making one "penthouse." The campaign office is on the 10th floor.

According to state and city regulations, rent-stabilized apartments are only to be used as primary residences. Mr. Rangel paid $3,894 a month for his four apartments in 2007, according to the Times' Web site. All four apartments are in Lenox Terrace, a luxury development in Harlem owned by the Olnick Organization where Governor Paterson also has a home.

Despite a joint income of $270,000 last year for Mr. Paterson and his wife, the couple pays $1,250 a month for a two-bedroom. Mr. Paterson also has a home in upstate New York and has access to the Governor's Mansion in Albany.

Mr. Rangel, who is worth somewhere between $566,000 and $1.2 million according to the Times's Web site, did not release a statement since he had not read the Times' article and was on a train home from Washington, D.C. late last night. Members of the Olnick Organization could not be reached.

An owner of the company, Sylvia Olnick, has contributed to Mr. Rangel's campaign and a political action committee he controls in the past, according to Federal Election Commission records.