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Friday, February 17, 2012
Can We Now Say that Stuy Town is a Dorm?
According to Wikipedia, Stuyvesant Town has 8,757 apartments. Together with Peter Cooper Village, the complex has 11,250 apartments. Zeroing in on Stuy Town, we now find out the following: that close to 2,000 apartments are/will be available via MyStudentApartment.com. These are apartments that are NOT part of the lease system from schools like NYU. If PCV is not included in the 2,000 student apartment figure, that means, taking into account apartments made available directly to schools, and other means of rental access, that we may be seeing at least 1/4 of Stuy Town apartments filled with college students.
While this should come as no surprise, considering all the seasonal moving trucks and discarded furniture we see in Stuy Town, the college crowds at the rental office, and the piles of pizza boxes tipping over in the recycling area, it is rather astounding to consider that Stuyvesant Town may have more college students as renters than Stuy Town residents who are members of the TA. The college population carries a heaving burden on the maintenance here and presents quality of life issues we are already familiar with. Importantly, the more student renters we have, the less we have of a more permanent body of tenants who are interested in the future of this complex. Whatever landlord owns this place gains by a student population in a speedier turnover of apartments and a decrease in the pool of a Tenants Association population. How this all translates into a condo/co-op conversion remains to be seen.