39 Fifth Avenue, Manhattan. Image credit: CityLand

Rent-stabilized tenant substantially profited from 93 individual Airbnb sublettings. In 2010, Linda Lipetz was diagnosed with cancer and was unable to work for over a year. From March 2011 to August 2012, in order to subsidize her rent, Lipetz sublet her rent-regulated apartment located at 39 Fifth Avenue in Greenwich Village. Lipetz hosted 93 different people for 338 total days through Airbnb, charging a nightly rate of $95 for one person and $120 for two, and generating $33,592 in revenue. (read more…)