A banker is being sued for allegedly renting out his downtown NYC rent-stabilized apartment on Airbnb

An investment banker is being sued by a real estate company for allegedly renting out his rent-stabilized apartment on room-sharing site Airbnb, Observer reports, citing court documents.

William Terry Krueger, a 20-year Wall Street veteran and cofounder of Nova Capital Partners, and the other tenant, Adrienne Kennedy, are paying just $1,093.21 per month for Unit 5SW at 118-120 Duane Street in Tribeca, the report said.