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Friday, November 30, 2012

Yup, You May Be Worse Off After Roberts

From Crain's:


Stuy Town deal may have sting in store for some

Some residents of the sprawling apartment complex could face substantial rent hikes as a result of Thursday's tentative deal

For residents of Manhattan's sprawling Stuyvesant Town/Peter Cooper Village residential complex the settlement announced late Thursday could have a painful reprocussion. The deal awarded tenants $147 million for rent overcharges, reimbursements and discounts in prior years, but going forward it could push rents substantially.

According to CWCapital, the company that represents the bondholders for the complex's $3 billion mortgage, about 1,800 apartments at the 11,000-unit complex face a choice of two rent options: a market rate, or one calculated based on how many times the apartment was vacated and what increases it is due according to city regulations.

In a surprise contradiction to the widespread belief that rent regulations create discounted apartments, the market rate is in the fact often the cheaper option, according to CWCapital.

 [....]

"I am concerned about people who had an expectation that their rent had settled at a certain place and may be wholly unprepared for the increases this agreement allows," said Daniel Garodnick, a City Councilman who lives in Stuy Town and has been a tenant advocate.

When a rent-regulated apartment is vacated, it allows rents to be substantially increased, by as much as 20%. The settlement deal allows as many as three such increases dating back to 2003, when apartments first were illegally deregulated at the large complex.

"Let's say that the tenant previous to the market rate occupant paid $1,200 a month," attorney Alexander Schmidt, who represented the tenants in the settlement said. "You could have easily seen three turnovers with the amount of students that live in the complex and rents that now end up in the high $2,000s or low $3,000s, which is market rate or not much lower."

Mr. Schmidt called it an "ironic" end to a case that was largely looked at as a battle for preserving affordability in the city for working class tenants.

Read more: http://www.crainsnewyork.com/article/20121130/REAL_ESTATE/121139990#ixzz2DkC798nf

-------------------------------------

Now, here is were I tire of this bullshit game:

HOW IS IT THAT OUR POLITICIANS HAVE ALLOWED A RENT REGULATED APARTMENT TO BE SO SLIMELY BROUGHT TO HIGH MARKET LEVEL RATES WITH THE PURPOSEFUL INTRODUCTION BY THE LANDLORD OF A TEMPORARY TENANT, ie, THE STUDENT?

And....

HOW IS IT THAT THERE IS NO ENFORCEMENT IN THIS COMPLEX OF THE HOUSING LAW THAT STATES THAT NO MORE THAN 3 UNRELATED PEOPLE CAN OCCUPY AN APARTMENT?

And....

HOW IS IT THAT PARTITIONS AND WALLS CAN BE INSTALLED INTO APARTMENTS TO INCREASE THEIR VACANCY, BUT THAT THOSE APARTMENT BUILDING CODE APPLICATIONS STATE THAT THERE IS NO CHANGE IN OCCUPANCY?

In other words....

WHAT THE FUCK IS GOING ON HERE???

Explanations, please.

Meanwhile, the lawyers on this deal will be receiving over 25% of the settlement, ie, about 19 million dollars, if not more:

http://www.nytimes.com/2012/11/30/nyregion/68-7-million-settlement-on-stuyvesant-town-rents.html

72 comments:

Anonymous said...

such bullshit. Not that I'm saying I'd buy ours or another unit, but this is just another reason I can't stand the unknown bullshit tactics of the landlord here.

it's not a home, it's a crapshoot. who knows what you'll be paying in 6 months, a year......

Anonymous said...

I don't know about you, but WTF ???

Anonymous said...

This is a great deal for the lawyers and that's the reason they settled. They could have fought on for years to get more for the tenants they represent but their fee might not have been any larger in the end if they were unsuccessful. They had nothing to lose by suggesting a settlement at this point in the process. If they had continued to fight on on our behalf, it might well have just cost them more without any extra cash in their pocket.

We can all sleep well knowing that they optimized their return on investment.

Hippo said...

The now defunct interim agreement provided for one 20% vacancy rent increase allowance. This so-called "settlement" provides for up to three 20% vacancy rent increase allowances. This is a TOTAL victory for the landlord. The tenants naturally get screwed. The lawyers get 25% of the pie. Met Life, which made THREE BILLION dollars profit when they sold has to pay $10.5million...chump change...boo hoo. Drive another nail in the coffin of affordable housing in Manhattan. Garodnick, Duane, the Tenants Association, the other local pols...ALL LOSERS who talked a big game but ultimately provided NOTHING. Stuy Town is finished as an oasis of green in the madness of the city. How sad! Skating rink anyone? Hahaha...who is laughing now?

Anonymous said...

The NY Times article has some major BS as well.

“But by 2010, it had turned into one of the most spectacular failures as the new owners, Tishman Speyer Properties and BlackRock Realty, ran out of money and gave the property back to its lenders.”

Yeah, TS ran out of money. Sure.

“has increasingly become home to more well-heeled students and professionals who pay as much as $4,385 a month for a two-bedroom apartment with one bathroom and no doorman.”

Well-heeled. Hah! What they leave out, re the students and the so called “professionals”,is that they have 3-4 roommates per apartment to afford the rent and the “well heeled” are their parents.

The more I look at this “deal”, the worse it stinks.

Anonymous said...

Mr Schmidt(the tenants' lawyer) calls the settlement "ironic". Then why the hell did he agree to it???
And I am an old timer unaffected by the Roberts litigation

Anonymous said...

The 3 unrelated people not being allowed to live together has been around since the 30s or so and not enforced for just as long. If it was enforced here, the city would have to make an attempt to do it everywhere. It's a toothless law.

Anonymous said...

The truly ironic thing is that the Court of Appeals said that the landlords impermissibly deregulated the apartments in the Roberts verdict, but in effect that is what the settlement has allowed them to do, which is effectively deregulate the 4000+ Roberts apartments.

Anonymous said...

OPT OUT, then and get your own lawyer.

Anonymous said...

“has increasingly become home to more well-heeled students and professionals who pay as much as $4,385 a month for a two-bedroom apartment with one bathroom and no doorman.”

They're well-heeled, alright. They stomp around upstairs from me in their heels at all hours. They clearly don't teach them the word "carpet" at NYU....

Anonymous said...

Opting out isn't the solution. Even if I got a better deal for me, the real issue is about the nature of the complex going forward. Strategically, it might be better to have a flawed settlement sooner in order to move along conversion talks. That is unless, the deal is so favorable, that CW doesn't feel the need to sell to the tenants or if Sandy has scared off tenants from wanting to buy in. No shortage of intrigue.

Anonymous said...

So...I have a question for the gallery...

I have a neighbor who was an original tenant in a 3-BR. She just died earlier this month and let's just assume she was paying $1,500/month (which I bet is a high guess. So now, when her aparment is renovated and turned over, under the newly re-regulated status...are we actually saying that somebody is going to be getting a GREAT low-ball deal on their rent?

I bet the answer will be no, despite what the settlement mandates. In fact, I will now make it my business to prove that the new rent in that apartment will violate the agreement.

Anonymous said...

What makes anyone believe that CW will sell to the tenants and not consider other offers?

Anonymous said...

Buildings in PCVST that still don’t have gas? Not to worry, Lady Maya is back in business. Let them hear noise.

“Ice Sculpting w/ Brass Band-Sat, Dec. 1st, 3PM-4PM, On the Oval-A fun Winter Wonderland sculpting presentation with live music by the High & Mighty Brass Band.Free to all residents and their guests.”

Fucking rubes and their fucking hick management priorities. Brass band my cojones!

Anonymous said...

Re: the 3BR. This apartment doesn't fall under the settlement. But under the original Roberts decision it is rent-stabilized. So add in a vacancy increase, and $120,000 in renovations. (Articles suggest average renovation over 80K, considering this is a 3BR it's not unreasonable) we're looking at a rent on 3700 or so, which is far less than the 5000K they are going for on the website.
I would suspect some combination of the 4 strategies.
1) Find another 60K of renovations, raising the rent to $4700
2) Hold the apartment for NYU students who after 2-3 vacancies will push the legal rent up to market
3) Don't renovate or rent the apartment out - hold on until a change in the law or 2020. It's close whether or not the renovations would pay for themselves before 2020.
4) Rent the apartment out to a close friend of someone who runs the place.

Hippo said...

Answer to the 2:36PM poster: If deceased neighbor listed relative as occupant, then said relatice could take over apartment at current rent. Said relative must have been legitimate occupant because Stuy Town will thoroughly investigate.
If Stuy Town gets control of apt., with 20% vacancy increase, rent goes to $1800 plus increase for bogus improvements...still hard to see how they could reach $2500 threshhold for decontrol....unless they orchestrated phony one-yr. lease turnovers.I wouldn't put ANYTHING beneath these mo' fo's as we used to call them in the 'hood...lol

Anonymous said...

What apartment is it? I'll sign that lease now that I know my rent is getting jacked upon renewal.

What pisses me off is that the TA kept saying they weren't a party to the case and didn't know any details of the negotiations. How is that possible? Who the hell was overseeing the lawyers? Now Dan wants us to support him in his political career? Give me a break, depending on how high my rent goes I'm outta here. Enjoy the the 22 year olds who will carve up my apartment and squeeze in.

Anonymous said...

"I have a neighbor who was an original tenant in a 3-BR. She just died earlier this month and let's just assume she was paying $1,500/month (which I bet is a high guess. So now, when her aparment is renovated and turned over, under the newly re-regulated status...are we actually saying that somebody is going to be getting a GREAT low-ball deal on their rent?"

It will depend on how much Management claims on the renovation cost. If they claim (and can prove, although whether anyone will check is debatable) $60,000, they can add only $1,000 (1/60 of the reno cost) to the rent, along with the vacancy allowance. The vacancy allowance can be as much as 20% plus 0.6% per year if the tenant was in the apartment more than 8 years.

Using your theoretical $1,500 (which might be too low), add 20% (for a 2-year lease) plus about 39% (65 years X 0.6%) plus $1,000 reno cost. That comes to $3,385 by my calculations, unless I'm leaving something out. I guess that is a lowball deal for 3 bedrooms.

Anonymous said...

Yes, the new rent of the deceased person apartment will be HUGE. They will put in bells and whistles and more bells and I guess the 'laws' let them add another 3500 a month due to the 'bells'.

w.t.f. corruption at its finest.

Anonymous said...

Where are all the "No dogs area" signs?

Stuy Town Reporter said...

Dog signs were removed because of the hurricane and the danger of flying metal plates. How long it will be before they are placed back?

Anonymous said...

Dan Garodnick is not getting my vote. I consider him to be a parasitical opportunist at best.

Anonymous said...

"add 20% (for a 2-year lease)": I wasn't clear. If the new tenant chooses a 2-year lease, the vacancy increase is 20%. There's a different percentage for a 1-year lease, depending on the spread between the 1-year and 2-years increases as determined by the RGB.

Anonymous said...

No Dog area signs should not be replaced until we have access to the basement levels and all of the industrial drying equipment and power generators have been removed. I live on 23rd and always left through the Lower Lobby Level to walk my guys but that is not possible now. Furthermore, my building is surrounded by massive equipment and it's not feasible to go anywhere but onto the "no dog" area across from my building.
I know most long timers hate dogs/dog owners but give us a break until things are normalized. Please.

Anonymous said...

It sure would be nice if we had an official statement from the Brookfield/TA partnership regarding the significance of this settlement, and its relevance to the conversion process. Can the bidding process now commence? Do we have to still wait until 2014 for final resolution? etc. etc.

Anonymous said...

Anon 1:53AM - where did you get the 0.6% per year if the tenant was in the apartment more than 8 years. Never heard of that.

Anonymous said...

I'm thinking the situation people are up in arms about is something like this. In 2009 someone living in a 2BR was making more than 200K per year & the base rent was over 2K per year. So the unit was deregulated and then the person vacated for some reason. Then the unit was rented to students 2x. Then someone else moved in paying a high rent but was expecting a lower rent once Roberts was settled. So in 2009, let's say the rent was 2100. After one turn over: 2520, after two: 3024, after three: 3629. So the market rate is probably around 3200. Do I have this wrong? If not, I don't think there would be many in this situation. And if they're offered the market rate now, they'd probably be paying close to what they signed on to pay when they moved in (which may be a disappointment to them but it's not a bank acct buster as they were originally willing to pay the market rate). So as I see it, the settlement may not have been such a bad deal....although I will say...18MM for 2 law firms for 18 months work off & on...outrageous, but all these stories are par for the course for many law firms.

Anonymous said...

18MM for 2 law firms for 18 months work off & on...outrageous, but all these stories are par for the course for many law firms.

This law suit was fiked in early 2007 so I don't know where you get 18 months on and off.

Anonymous said...

Anonymous said...
Anon 1:53AM - where did you get the 0.6% per year if the tenant was in the apartment more than 8 years. Never heard of that.

December 3, 2012 7:40 PM

Here's where: http://www.housingnyc.com/html/guidelines/vacancy.html

Anonymous said...

Anonymous said...
No Dog area signs should not be replaced until we have access to the basement levels and all of the industrial drying equipment and power generators have been removed. I live on 23rd and always left through the Lower Lobby Level to walk my guys but that is not possible now. Furthermore, my building is surrounded by massive equipment and it's not feasible to go anywhere but onto the "no dog" area across from my building.
I know most long timers hate dogs/dog owners but give us a break until things are normalized. Please.

December 3, 2012 10:05 AM

So you think the place is going to look better with your dog's urine and feces all over it? Please, indeed. There's a fire hydrant on 23rd Street that you should get reacquainted with. How about giving the rest of us a break?

Anonymous said...

"I know most long timers hate dogs/dog owners but give us a break until things are normalized. Please."

I'm a long timer. I like my dog neighbors. And I agree with you--and then some--even though I don't have a dog. Shoot, I don't even like to walk myself in the rain!

Just wanted you to know that someone out there feels for you--and is also sick of the generators and general state of confusion which pervades PCV these days.

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Anonymous said...

Who cares what Brookfield thinks about Roberts! They have done nothing for us, and CW Capital totally blew them off. Get real.

Anonymous said...

"I know most long timers hate dogs/dog owners but give us a break until things are normalized. Please."

Actually, we hate the policy that allowed dogs into the complex. To infer that you are hated is simply bizarre and a bit histrionic. The effects of this misguided policy has been covered ad infinitum so requires no further coverage here. How one could possibly extrapolate from a negative critical assessment of said policy that it follows that "old timers hate dogs/dog owners" is simply not intelligent.

Gracie said...

I thought all the Dog signs were stolen by that Airbnb host who decorated her apartment with them.

Anonymous said...

I don't have a dog, though I may get one in the future. I don;t hate dogs or dog owners. Please don't get the idea that all of us "old timers," of which I a one, hate dogs. I would prefer a hundred dogs to one apartment full of NYU/or twenty-something parentally subsidized morons. THEY are the people who are making our lives miserable, not the dogs and dog owners.

Anonymous said...

When a walk my dog around the Oval and an older woman yells at me to "you and your dog should get the fuck out of here" I consider that hate. Thank you.

Gracie said...

On the topic of dogs, a food delivery man on a bike just rode through some women walking their dogs. I live at 449 and heard this loud shreiking outside my window a few minutes ago. A food delivery man on a bike rode through two women walking their dogs and the leash got caught up in his wheel. When I looked out the window he was on the ground, off his bike, untangling the leash the from his wheel. Luckily the women nor the dogs were hurt too badly. They zip through here like mad men!

Stuy Town Reporter said...

>>When a walk my dog around the Oval and an older woman yells at me to "you and your dog should get the fuck out of here" I consider that hate. Thank you.<<

Do you walk your dog in the permitted area around the Oval? Is your dog one of the acceptable breeds to own here?

Depending on the weather and my work schedule, I spend some time around the Oval, and I never heard any old woman yelling about dogs.

Anonymous said...

Never mind the dogs, something should be done about these bastard delivery guys. I have never felt threatened by a dog on the complex, but have been almost mowed down by these delivery fiends who come out of nowhere at top speed on the sidewalks and pedestrian paths. I am so sick of them and they are a constant threat.

Anonymous said...

Dog owners are obviously well within their rights to own their animals. However, there will always be residents who remember a property that didn't have shit and piss all over it. A home that was extremely quiet (no barking from the apt. next door). Some people will carry resentment toward dog owners because they have these "crazy" ideas about wanting a clean and quiet home. Yes I know that dogs aren't the only reason for the degradation of the QOL around here, but it's what we're talking about right now. As time goes on, and the people who remember this property as a clean one move on, the resentment will disappear because there will be no one left to harbor it. For now, however, dog owners will just have to expect that there will be residents who prefer a home without barking all hours of the night, and shit and piss on the lawns and walkway. I know it's crazy, but try to understand the source of their animosity.

Anonymous said...

I've lived here 32 years and remember when the property was clean and quiet. Then along came the students and the dorm life they naturally bring with them. That's when I noticed the quality of life corroding with loud noise overnight, puke in the elevators and I have seen the frat boys piss as they drunkenly stagger home. The dogs don't bother me. Sure, there's a few turds here and there, but they may not even be from the dogs that live on the property because people from outside the complex come in to walk their humongous dogs and they don't give a fuck because management and "PS" don't give a fuck. In my opinion, the dogs have played a very, very minimal role in the degradation of the quality of life here; the students and twenty-somethings and the money-clawing, totally incompetent managements we've had here for the past decade are to blame. I have neighbors with dogs, neighbors with screaming kids and students packed in sardine-style. The dogs are the least offensive of the lot.

Anonymous said...

I don't understand your complaints. The site is perfectly lovely and clean. I don't get it.

Anonymous said...

I was just reading the official PCVST facebook page. Boy, do those paying-through-the nose, multiple-names, young tenants love to complain! Serves management right! We oldsters aren't nearly as demanding and foot-stamping. At least I don't think we are! Not that I blame these young folks for demanding heat, hot water, clean water, etc., especially as they are paying ridiculously high rents to live here. We older tenants are used to substandard conditions when it comes to heat and water, etc., and when we do want something done we don't expect the world to stop turning until it is done! I don't think this new management company is quite up to the job, especially as they have laid off so many workers. Keep on whining, MRers! Give 'em Hell!

Anonymous said...

"So you think the place is going to look better with your dog's urine and feces all over it? Please, indeed. There's a fire hydrant on 23rd Street that you should get reacquainted with. How about giving the rest of us a break?

December 3, 2012 9:46 PM"

Of course, i never pick up my dogs feces. No dog owners do, especially the ones that live here. Please, indeed.

Anonymous said...

" I would prefer a hundred dogs to one apartment full of NYU/or twenty-something parentally subsidized morons. THEY are the people who are making our lives miserable, not the dogs and dog owners."

Exactly. Well put, Anon 8:16 PM. And thank you to all the others on this thread who have pointed out that it's the students and 20-nothings who have turned the place into a giant dorm, and are ruining the quality of life here. Sure, there are selfish dog owners, but it's NOTHING compared to the horrific conditions many of us are forced to endure while living above, below and next to these selfish young Yunnies.

Anonymous said...

"Sure, there's a few turds here and there, but they may not even be from the dogs that live on the property because people from outside the complex come in to walk their humongous dogs and they don't give a fuck because management and "PS" don't give a fuck."

I could be wrong on this, but I don't believe the anti-dog policy people care whether the turd comes out of the ass of a dog from the property or from an outside one. I'm fairly certain that their contention is that when dogs weren't allowed there were NO turds of any kind on the property (local or foreign!). I certainly never saw any. Out side dogs would not be walked on this property if that no dog policy were still in place.

Having said that, I hope they start allowing four dogs per apartment with no size restrictions. I'm hoping that the conversion goes through so that I can sell (acknowledging that I will probably have to wait several years to avoid penalties) and get the hell out of this project. Whatever will enable me to sell easier I'm all for. I had a good run, but when it's time to go it's time to go. You can keep your dog turds and NYU turds. Scorched earth all the way.








Anonymous said...

"Having said that, I hope they start allowing four dogs per apartment with no size restrictions. I'm hoping that the conversion goes through so that I can sell (acknowledging that I will probably have to wait several years to avoid penalties) and get the hell out of this project. Whatever will enable me to sell easier I'm all for. I had a good run, but when it's time to go it's time to go. You can keep your dog turds and NYU turds. Scorched earth all the way."

Do you think anybody would want to buy your or anybody else's apartment if that happened? Stuyvesant Town would be an even less desirable place than it is now and nobody with half a brain would waste their money on buying a unit here. Unless, of course, it was NYU.

Anonymous said...

11:21--you sound so unhappy. I can't believe you'd wait that long. Why don't you move now? Seriously, there are people who really appreciate this place and understand what a value it is, but if you think there are better places to live, why wouldn't you just leave and go somewhere you would enjoy more? I love it here, but if you are so unhappy, why are you wasting all this time living somewhere you hate? What a sad way to live your life--not an insult, but life is short, why don't you move now?

Anonymous said...

The younger people that you are always complaining about are actually PAYING THE BILLS. The rents being paid by the longstanding tenants do not even cover expenses. Without the newer, younger people, the place would be totally impossible to run. These are cold, harsh, true facts. Read it and get over yourself.

Anonymous said...

Yes, 11:21, please leave! You sound like poison! If you hate it here that much you are totally wasting your life. I am a market rate tenant and only pay the high rent because I love it here. People like you will drive people like me out and it will be just a dorm and nothing else after we've gone and the older tenants have died off. In spite of the stupid gimmicks the various misguided management companies have put into place which, in my opinion, are a waste of money and appeal to very few, this is still a beautiful place to live. Where else in New York City can you look out your window and see beautiful trees, birds, squirrels and grass - unless, of course, you pitch a tent in Central Park? Unless they pave it over more and cut down more trees for no good reason, I am willing (and fortunately, able) to pay to live here and enjoy the beauty of the Oasis in the City. I have the greatest respect for my older neighbors and don't resent the fact that they pay a lot less than I do. I wish I had their rent level, but I don't begrudge them! They helped make this place the tranquil place that it is and I don't blame for complaining about the loss of a great deal of that beauty and tranquility. If I had students living adjacent to me, I would probably sue for deprivation of acceptable habitability because everybody is entitled legally to the quiet enjoyment of their home. I can't understand why management can't grasp that concept. By the way, I have area rugs and I turned down an apartment with those hideous dark floors even though it was a tad cheaper than the one I finally took. I take off my shoes when I get in so I don't disturb people downstairs when I walk on my uncarpeted areas. I don't understand why other tenants can't grasp that concept!

Anonymous said...

Without the newer, younger people, the place would be totally impossible to run.....

What a laugh!!!! Nobody forced you to rent at these ridiculous prices. Everything ran fine before this was turned into a "luxury living" complex. Just greed and Daddy's rich kids turned this place what it is today. A TRANSIENT NOISY DUMP.

Anonymous said...

"The younger people that you are always complaining about are actually PAYING THE BILLS."

Don't forget that a chunk of their rent, let's say $1,000, goes to cover the cost of the reno. Once you subtract that, a lot less is left to cover the expenses.

(For anyone who questions the $1,000 figure: Before the new rent law of 2011, landlords could charge 1/40 of the cost of a reno. I'm estimating a $40,000 reno cost, which is not unreasonable or at least not unlikely to have been what the landlord claimed.)

Anonymous said...

Question: Is the issue with college kids only on the apartments close to 14th street? I live at 651 and its terrible, I'm a market rater and was thinking of moving to apartments on 20th street. Thanks

Anonymous said...

Is the problem with college kids in the buildings close to 14th street or is it everywhere? I am a market rater at 651 14th street and its terrible, wondering if there is any relief if I move to a bldg on 20th street - Thanks in advance

Anonymous said...

Further thought: Before TS took over, the "low" rents did indeed cover the bills, and we had much more staff for maintenance and security.

Anonymous said...

You got that right, 8:07 pm! This management has cut staff to the bone, but has all the money they need for commercial events and advertising. Can't get any repairs done, but the skating rink is up and running! Can't get a live one on the phone and "security" is a bad joke, but lady Maya's dumbass events and the lousy cafe are all up and running. So sick of these rubes who think they are running the place. They are just running it into the ground and thumbing their noses at tenants.

Gracie said...

The young tenants treat this place like a dump! They leave their garbage and recycling in the lobby, they party into the wee hours of the night in their IKEA decorated, pressure wall divided, carpet free dorm apartments. They sit on the stoops in packs of 15 chain smoking and cackling like drunken fools at 4AM. Then urinate and defecate in the hallways s has been documented in the TA's photostream. I've come home and found food containers tossed on the lobby floor with chinese food strewn about. I've even found half a pizza in my elevator. And shall I mention the thongs and condoms scattered across the oval like a debris field of a crashed plane carrying sex offenders???? And what does ST do? REWARD them with food trucks, rock concerts, cheesy cafes and illegally broadcast football games in the oval where they drink like alcoholics, act like apes and throw beer cans into the bushes. Sure, I'll buy into this place!!!!!

Anonymous said...

Well said Gracie! I'll buy too! As soon as they move ST to an area outside of the flood zones!

Anonymous said...

Amen, Gracie! Amen! You got that right. I have four students downstairs from me and they never sleep. They play their music and stomp around their uncarpeted apartment (which is a one bedroom with a pressure wall) all night and they act like their shit don't stink. One of my neighbors complained and was greeted with a shrug, a smirk and a "well, this is New York" response. Little bitch!
Doesn't New York have noise ordinances relating to apartment buildings? I think so. Only a bunch of parentally funded little assholes from Flyoverlandia would have the gall to behave and speak like these little twerps. These students are devaluing the property. They don't belong here. They need to be living in real dorms where the laissez faire suits their lifestyles.

Anonymous said...

Gracie..I couldn't have said it any better!

HAL 9000 said...

Gracie said it all. Thank you.

Anonymous said...

Chinese food and pizza? Those are a step up from the dog feces I found in my elevator the other night. The whole car smelled like a colon.

Anonymous said...

Bombard Management with complaints, preferably documented with photos. Don't just vent here. I know--you'll say that will be done anyway, but if you don't complain, it's certain nothing will be done.

Anonymous said...

I overheard two students having sex in the stairwell the other night. I pounded on the door and told them to get a room. The young lady called me a bitch and they ran up the stairs. I can't believe these people. Can anything be done about these dorm apartments?

Anonymous said...

"I overheard two students having sex in the stairwell the other night. I pounded on the door and told them to get a room. The young lady called me a bitch and they ran up the stairs. I can't believe these people. Can anything be done about these dorm apartments?"

The damned students have brought PCVST down to the level of a badly run dorm in a third-rate college town. They have no business living here because they are totally unsupervised, don't know how to behave like responsible adults and are a total disgrace. The colleges that send them here should at least provide some kind of supervision. These kids are a reflection of the idiots who raised them and failed as parents because they didn't teach them any kind of moral code or standards of behavior. They are also a reflection of the colleges that will take anything with a pulse and parents with more money than decency. If this trash is the best that NYU, SVA, et al can find then we are doomed.

Anonymous said...

Poster 10:02 pm: the young what called you a bitch? Definitely NOT a young "lady.". More like a.$10 whore who does it standing up in doorways in order to get her next fix. Is that what we have to live with now?

Anonymous said...

"I overheard two students having sex in the stairwell the other night."

And you didn't call Security and tell them what was happening? They probably would have been there before you put down the phone.

Anonymous said...

"Chinese food and pizza? Those are a step up from the dog feces I found in my elevator the other night. The whole car smelled like a colon."

I simply cannot believe that a dog owner would leave a turd in the elevator. There are no irresponsible dog owners at the sty! You must be imagining it.

Anonymous said...

Not for nothing, but shouldn't that be repercussion, not reprocussion?

Anonymous said...

I was just looking at the list of apartments on the Berdon claims site. Some of them are apartments rented to students. Do the students or colleges get the increased/decreased rents and damages (where applicable)?

Anonymous said...

It's funny how every post just goes back to noisy kids and dogs.

"Blog Post: "Stuy town under attack by rapist aliens"

Comment: I found a turd on the ground that had to be excreted by a 500 lb pitbull which was undoubtably owned by a spoiled brat college student."

Anyway here is some real news that I think everyone may be interested in. I live in one of the apts that was illegally deregulated according to the lawsuit. I am a market rate renter I've been living here for about 3 years and according to the settlement I overpaid by almost $2500.

But here is where it gets interesting: under this settlement my "preferential rent" would go up $400!

Now there is much speculation but this is coming from the part of the site only allowed to potential class members. So I can attest that this settlement is NOT what it seems. I have yet to decide whether or not I will opt out. The new "formula" they use to derive legal and preferential rates is a joke. It's a shame really.