At dinner on Monday night we met a fellow who was living in a sublet of a sublet in DUMBO. Technically, he wasn't even supposed to be "living" in his apartment as it was a "work only" space. In other words, he was living in limbo with very few rights of security.
Only in New York might you not know who REALLY holds the lease to your apartment.
Now we want to know more: How many of you live in sublets? How many own? How many live in sublets of sublets? For the record, In our small building, two apartments are owned, three are rented and two have been sublet to a revolving string of subletters for years.