No. It’s no joke. A woman at last weeks meeting announced that she received her lease renewal and it had a $950 rent INCREASE! How could this be, you ask?
This weeks episode revolves around William Koeppel’s wife, Jean. Jean is a real estate broker who gets paid a large fee every time an apartment is rented at 350 East 52nd Street. Obviously a $950 monthly increase is forcing the tenant out which is good news for both Billy & Jean! He gets to rent the place out for more money and his wife gets the brokers fee.
One tenant was charged a broker fee in excess of $3,000. to move from a 1 bedroom apartment to a two bedroom. No joke.