As they say, only in NY 
Stockbroker loses cheap apartment after lying about $238G salary
The suite life may be over for a stockbroker who snagged a subsidized $722-a-month apartment in a far West Side luxury apartment tower, a judge has ruled.
Stockpicker David Sans claimed a $24,000 salary to win a coveted low-rent apartment inside the luxe Ohm apartment tower — shortly before registering a salary of $238,000 on his tax forms.
Sans was one of 160 high-income tenants caught by state Controller Thomas DiNapoli last year renting subsidized apartments meant for low-income tenants.
The building's owners, Douglaston Development, sued Sans in Manhattan Housing Court and last month Judge Jack Stoller ruled that they could evict him.
Stoller found that Sans did not have a legitimate explanation for the huge and timely jump in his salary shortly after winning approval for the cheap apartment.
The Ohm was awarded a huge tax break known as 421-a in exchange for setting aside 20% of its apartments as “affordable.” The Daily News first exposed Sans' arrangement in June.
Last year Douglaston sued Sans, alleging he committed fraud by under-reporting his true income to obtain the low-rent apartment.
In his Jan. 29 ruling, Judge Stoller found Sans’ “sizable under-reporting of his income implicates his eligibility to be a tenant in the subject premises and constitutes a material misrepresentation.”
Matthew Sweeney, a spokesman for DiNapoli, said, "With the city desperately in need of affordable housing, it's vital that agencies follow through to ensure these apartments go to those who need and deserve them."
Sans could not be reached for comment
Stockbroker loses cheap apartment after lying about $238G salary
Stockbroker loses cheap apartment after lying about $238G salary
The suite life may be over for a stockbroker who snagged a subsidized $722-a-month apartment in a far West Side luxury apartment tower, a judge has ruled.
Stockpicker David Sans claimed a $24,000 salary to win a coveted low-rent apartment inside the luxe Ohm apartment tower — shortly before registering a salary of $238,000 on his tax forms.
Sans was one of 160 high-income tenants caught by state Controller Thomas DiNapoli last year renting subsidized apartments meant for low-income tenants.
The building's owners, Douglaston Development, sued Sans in Manhattan Housing Court and last month Judge Jack Stoller ruled that they could evict him.
Stoller found that Sans did not have a legitimate explanation for the huge and timely jump in his salary shortly after winning approval for the cheap apartment.
The Ohm was awarded a huge tax break known as 421-a in exchange for setting aside 20% of its apartments as “affordable.” The Daily News first exposed Sans' arrangement in June.
Last year Douglaston sued Sans, alleging he committed fraud by under-reporting his true income to obtain the low-rent apartment.
In his Jan. 29 ruling, Judge Stoller found Sans’ “sizable under-reporting of his income implicates his eligibility to be a tenant in the subject premises and constitutes a material misrepresentation.”
Matthew Sweeney, a spokesman for DiNapoli, said, "With the city desperately in need of affordable housing, it's vital that agencies follow through to ensure these apartments go to those who need and deserve them."
Sans could not be reached for comment
Stockbroker loses cheap apartment after lying about $238G salary
