Brooklyn, NY – $150 to Rent an Apt. in Williamsburg?

Williamsburg, Brooklyn – A Williamsburg woman who pays a jaw-dropping $150 in rent a month says her co-op is trying to bounce her from the apartment she’s lived in for 50 years to cash in on the real estate gold mine’s true value.

Jeannie Kraph, 60, has been in housing court for the past six months, battling an eviction notice that claims her rent-controlled apartment is a health and fire hazard.
But she and her lawyer say the allegations are a ruse to raise the rent to $1,500, the amount that her landlord charges other tenants at the North 9th Street building, which is a mix of rental and co-op units.

Kraph’s landlord, Hal Einhorn, and the cooperative that owns her building, 107-109-111 North 9th Street Associates, said that money is not an issue, despite the apartment’s prime location in one of the priciest sections of Brooklyn. [amnewyork]