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Management has two priorities: 1) Making sure money is made, hence upgrading and filling up apartments is their goal. "Amenities" are important in selling the place, though few residents use them. 2) If someone needs medical attention, Public Safety will be there, if alerted.

Quality of life issues are not that important, however. They tend to be ignored, despite "the rules." So you will see a lot that isn't taken care of properly, and complaints will be met with a creative excuse and a smile.

"Peace and quiet" must be a cruel joke, though this property is sold that way. There can be no peace and quiet as ALL apartments must be upgraded, which includes the installation of an AC unit below the window. Aside from the continual construction about the neighborhood, there is a new and noisy subway extension being built along East 14 st and the shut down of the L line. "Choosing" to live in NYC, now the newest mantra, is a fabrication when the talk is of ST and PCV, which was traditionally quiet, with no construction noise.

Though money was always important, it is now more important than ever. Money rules many things, as you will find.

At this point, 30 years into living here and seeing many things, I can state that Management and their reps are BS-ing us. I can't say that loudly enough: We are being BS-ed. I don't see any genuine change. Sorry.

Monday, August 4, 2014

This Could Be Stuy Town/Peter Cooper Village in the Future

Landlord Uses Rent Hikes to Clear Tenants.

What's notable about this story is that it's the market-rate tenants who are being forced to move out when their rents are raised beyond their means. The rent-stabilized tenants are still protected by the law from such dramatic rent increases.

As we've seen here in the ST/PCV, when CWCapital wants to gouge tenants, it has only one choice, aside from MCI-ing all tenants, and that's to go after market-rate tenants. Of course, with the Roberts' "victory" all tenants are rent-stabilized, but the gouging is still occurring, it seems.

33 comments:

Anonymous said...

What do you mean "could be"? There's no doubt that it WILL be.

Anonymous said...

Sure. If remaining rental, just a matter of time before the new owner lowers the boom. MRs get in at a rate they might be able to afford but the legal rent is near 2x as much. So when the time comes, whammo. Even more reason why for MRs there's no solution other than ownership. You know it's not like the rest of the city is experiencing this. What's different here is the extraordinary churn thanks to students. This really jacks up the rents. Students are the key.

Anonymous said...

this is us. But it will be all of us- MR&RS .

Anonymous said...

Did Verizon really set up so management / landlord et al can view our internet data? Can they track our phone and what we watch on television too?

Hippo said...

Should this article be of any surprise to StuyTown-PC residents? The handwriting on the wall has been there for a long time. So obviously simple. CW Cap and/or future owners goal are astonishingly simple: clear the buildings for future demolition and redevelopment. 80 acres of virgin land would be worth BILLIONS! The project would dwarf Battery Park City in size and scope. The constant churning and turnovers of the MR apartments make the process easy. Dealing with the old-time RS tenants is a tad more difficult but not insoluble. Remember the Rolling Stones song, "Time is on my Side"? Yes, it is! Eventually, be it in ten or twenty years the RS people will die or move out and voila problem solved. To the impotent fools of the TA with their pie-in-the-sky fantasies, the Guttermans, Tishman-Speyers with their unbridled greed, and of course our feckless pols, I salute you all with a royal f*** you. All self serving, lip serving parasites. The only way I'm leaving is in a box and I plan ( hope ) to be around for a long time...lol. Keep smilin' and chucklin' folks. It's the only way! Peace and love and enjoy the day!

Anonymous said...

That is why Mr Guterman's plan of taking a stand and fighting back is vital to keeping our homes. Mr Guterman is the only one taking a fighting position against the crimes here and city wide and a righteous position at that. If Preet will investigate and prosecute crimes here it will root out corruption by almost all the landlords in the city and help tens of thousands if not hundreds of thousands residents. PCVST is a one stop shop for precedent of the corruption to be used to help all NYC.

Anonymous said...

6:17 The barrier to MR and RS working together is 4 years of a group of MR had an alliance with the Buyers Association harassing RS tenants into shutting up on the NYU dorms, Oval commercialization replacing the Oval Park and the First Avenue Loop business district with the concierge and office buildings. Not all of us MR were a part of the deceit team.

Anonymous said...

The situations are different for RS vs MRs. For RS, it's more of an uphill grind influenced by MCIs and the Rent Guidelines Board. For the MRs, it's just a matter of hitting the right economic trigger. If that trigger gets hit, then the rents on every upcoming lease renewal will skyrocket.

Anonymous said...

Dear NYU

Stop bragging about the "quantity" of space you take up and start focusing on the "quality" of your education by investing in your professors / students and not land / lame bloated executives!



Anonymous said...

Did CitiHabitats place the fake Yelp reviews because NYU is paying CitiHabitats to give students a discounted brokers fee for placing students in Stuy Town dorms?

The following resources are available for University affiliates who are searching for rental housing in New York City:

NYU Off-Campus Housing Office
The NYU Off-Campus Housing Office provides assistance to current and newly-admitted NYU students, faculty, and staff who are not eligible for or not interested in NYU sponsored housing. Extensive information is available on the website and at the Off-Campus Housing Office. The office has an online database of available apartments and has entered into a cooperative agreement with CitiHabitats, Inc. to offer a discounted apartment broker commission to the NYU community. Contact the Off-Campus Housing Office for details.
NYU Law School Off-Campus Housing Guide
The NYU Law School maintains a very helpful website for its affiliates that includes a wealth of information about finding an apartment in New York City. Please note that the services offered by the Law School are designed for Law School affiliates only.

Anonymous said...

The largest third party leasing over priced renovation wall partition chopped dorms deal

Bob Scaglion

The common denominator thread

Citihabitats - Rose - PCVST - CW - Brookfield

FirstService Residential announced that industry veteran Robert Scaglion has joined the company as executive managing director.
Scaglion brings tover 25 years of experience during which he earned the reputation as a noted authority on real estate sales, marketing and leasing.
As part of the FirstService Residential executive team, Scaglion is responsible for business development, pre-development consulting for new rental developments, re-positioning existing rental assets, as well as developing a marketing and leasing platform for rental properties.
As senior managing director for Rose Associates, Scaglion previously was responsible for developing the largest third party leasing and marketing service for private owners, institutional investors and REITS in New York City.
Before that, as director of business development for Citi Habitats, he was responsible for the creation of the company’s on-site leasing and marketing department.

http://www.rew-online.com/2014/06/12/whos-news-andrew-mathias-named-to-sl-green-board-carlton-group-hires-leasing-director/

Anonymous said...

Investigating the PCVST Scandal potentially could restore 11,000 RS apartments to Mayor de Blasio's affordable housing plan, expose the few key players instigating a city-wide corruption that is destroying NYC middle class - catapulting local Politicians to higher offices even National recognition because what is taking place in PCVST not only effects all NYC it exemplifies what is happening to the middle class across the country. Address it in PCVST to show the country how to address it everywhere!

Anonymous said...

"Did Verizon really set up so management / landlord et al can view our internet data? Can they track our phone and what we watch on television too?"

Why on earth would you think that? That is real paranoia, my friend!

Anonymous said...

Time to end the Bloomberg legacy of turning our beloved NYC into the world's #1 money launderer and get back our reputation of the city where small town dreamers came to because if you can make it here you can make it anywhere dreams can come true in the many enterprises from Broadway to Madison Avenue to Wall Street to Brooklyn Artisans to Queens Restaurateurs to Staten Island and Bronx. 5 Boroughs of local excellence and not global commercialization sameness. That would be a legacy.

To return NYC to New Yorkers and New York businesses.

All who live here, work here, raise our families here.

To return PCV ST to the Middle Class Community - and not assets of global corporations so I can raise my family here and not get priced out.

We are counting on you Mayor de Blasio. Generations of us across all 5 boroughs,including in ST.



http://www.thenation.com/article/180516/how-new-york-real-estate-became-dumping-ground-worlds-dirty-money#


Since 2008, roughly 30 percent of condo sales in pricey Manhattan developments have been to buyers who listed an international address—most from China, Russia and Latin America—or bought in the name of a corporate entity, a maneuver often employed by foreign purchasers. Because many buyers go to great lengths to hide their interests in New York properties, it’s impossible to put a number on the proportion laundering ill-gotten gains. But according to money-laundering experts as well as court documents and secret offshore records reviewed by the International Consortium of Investigative Journalists, New York real estate has become a magnet for dirty money.

Public officials and real-estate operatives in New York have mostly applauded the city’s influx of mega-rich homesteaders from overseas, with former Mayor Michael Bloomberg leading the chorus during his time in office. “Wouldn’t it be great if we could get all the Russian billionaires to move here?” he told New York magazine in September.

Combine that give-us-your-rich ethos with state and local policies that lavish tax breaks on Manhattan’s wealthiest homeowners and federal policies that let real estate agents off the hook, and the results are predictable: New York is a magnet for the super-rich homebuyers from other lands bearing money of sometimes dubious provenance.

Anonymous said...

Don't worry, all the Market rate tenants are going to pay for it all.

Anonymous said...

This link is from 2011. It’s three times worse now.



“http://www.theawl.com/2011/07/murray-hill-frat-city

Anonymous said...

3:05 Market Rate tenants are paying only for the overpriced dead weight that is bloating the property.

Stuy Town Peter Cooper was completely sustainable and profitable when it was 100% RS.

The Market Rate is only covering the greedy excess on top of the actual value we should be priced at.

We don't need any Market Rate rents to run profitably.

Anonymous said...

4:08 thanks for the article on Murray Hill. It used to be sophisticated and reserved. What a frat slum! Dan Garodnick what are you doing to the 4th district?

Anonymous said...

An earlier comment was posted on STR on who and how the politicians are helping the landlords displace residents from their homes for landlord renovations that will out price the resident from their home.

To the politicians: WE DO NOT NEED TECHNICAL ASSISTANCE TEAMS TO HELP DISPLACE US FROM OUR HOMES TO ONLY BE OUT PRICED BY SHODDY FRAUDULENT RENOVATIONS!

We need you to protect and preserve our homes, us, your constituents you serve. Let us opt in or out on renovations. Let us keep our homes!

We would be better off if instead of helping landlords evict us through renovations you cleaned up your own house at DOB and had them at least get all NYC buildings under DOB authority up to code equal to and no less than the best building in NYC (which is probably on the UES). Spend your efforts getting all NYC buildings up to safety code with zero outstanding violations instead of getting all apartments up in rent for landlords.

If what is happening at Yorkville is part of the de Blasio / Glen affordable housing plan - that is not OK.

FIX YOUR BUILDINGS instead of helping landlords cosmetically fix apartments to evict us!

http://www.capitalnewyork.com/article/real-estate/2014/06/8547130/glen-talks-housing-stuy-town-congressional-delegation

"Deputy mayor Alicia Glen on Thursday met with members of the New York's congressional delegation to discuss Mayor Bill de Blasio's affordable housing plan, according to a statement from Rep. Carolyn Maloney's office.

Also in attendance at the meeting with Glen were representatives Gregory Meeks, Grace Meng, Yvette Clarke, Jerrold Nadler, Michael Grimm and José Serrano, according to Maloney's office. The lawmakers told Glen they believe it is important to create “'technical assistance teams' to work with New York City residents residing in affordable housing who may be notified of the need to move to another unit in order to update their current units,” Maloney's office said. Glen agreed to “follow-up on this important issue.”


Deputy mayor Alicia Glen on Thursday met with members of the New York's congressional delegation to discuss Mayor Bill de Blasio's affordable housing plan, according to a statement from Rep. Carolyn Maloney's office.

“I’m so pleased that Deputy Mayor Glen joined us for a thoughtful discussion about the Mayor’s housing plan,” Maloney said in a statement. “This is really an effort that will require cooperation between federal, state and city officials,...

Anonymous said...

So the politicians are helping the landlords to displace the Yorkshire tenants - outrageous!

Anonymous said...

8 15 pm?


You are serious or is that a joke? Everyone knows this. It's math. MR pay for everything here. And no, i'm not a MR tenant.

Anonymous said...

Anony 8.20. You’re welcome. This was the key text in the article:

<" For further research, we did what every local frat boy in trouble is scared to do—call up the nationals for help. Matt Glick, a New York based leadership consultant for Alpha Epsilon Pi said of his members, "Most often they end up in Murray Hill or places like Stuy Town." >

Anonymous said...

Sadly, we are now encumbered with a load of debt which was created by the failed, greed-fueled sale to Tishman Speyer, et al. When the property was 100% RS and still turned a profit, there was no debt to pay off. Of course, it doesn't help that we have a greedy "Special Servicer" paying itself astronomical fees and putting its dirty hand in the cookie jar.

Anonymous said...

"4:08 thanks for the article on Murray Hill. It used to be sophisticated and reserved. What a frat slum! Dan Garodnick what are you doing to the 4th district?"

Getting rich and helping his RE friends get rich. That's what he is doing.

Anonymous said...

Why the hell does the DHCR need two or more tenants to dispute and investigate the renovation charges on renovated apartments?

Has anyone been investigating this? Have MR tenants filed the claim form?????????????? No one doing anything but whining.

Anonymous said...

Maybe Dan has also realized we're outnumbered, beaten & no one is really stepping up to take on what needs to be done -

Anonymous said...

Anony 10.31 AM . Please read "Other People's Money" by Charles V. Bagli, ASAP. This urban myth, that the new school MR RS tenants (RS until 2020) subsidize the old school LT RS tenants, like the one that RS tenants have BMWs and Hampton houses, must be corrected all the time on this blog and others. It’s the debt........

Anonymous said...

Everyone in a renovated apartment take the few minutes to go to DHCR to fill out the form for an audit on the brazenly grossly overcharged renovations! The worse that could happen is you get a few thousand dollars back.

Anonymous said...

The Moreland Commission had been looking into a state law that was approved in January 2013, which carved out tax breaks for specific Manhattan-based luxury developments.

"Five developers who got tax abatements for five developments—that ordinarily would not have qualified for them, except for this special law that was passed in January—donated heavily to Governor Cuomo and other members of the state legislature," said Jaron Benjamin of the Metropolitan Council on Housing.

The tax break is known as a "421-A abatement." Normally, developers can only qualify if they agree to build a certain amount of affordable housing, which these did not.

One of the projects is One 57, the luxury high rise currently under construction across the street from Carnegie Hall.

According to a report from the Metropolitan Council, in 2012 before the bill was approved, the developers gave more than $440,000 to the legislature and political parties.

The developers gave $150,000 to Governor Cuomo, who signed the bill.

The companies gave a total of $1.5 million to the governor and lawmakers between 2008 and 2012.

"We testified to the Moreland Commission. We gave them all of our research that went into making the report, unfortunately it seemed like nothing happened," Benjamin said.

A subpoena to the real estate board known as REBNY, was ordered pulled back by Cuomo's top aide.

- See more at: http://rochester.twcnews.com/content/news/758476/moreland-commission-was-looking-into-real-estate-contributions-before-shutdown/#sthash.oW29L5AX.dpuf

Let's hope Preet picks up where Moreland dropped off.......

Anonymous said...

I read Seth Shire's informative Town & Village article on Verizon and the three comments. I agree with them.

http://town-village.com/2014/07/18/my-verizon-fios-renewal-nightmare/

I also agree we should boycott Verizon to protest the Oval concerts.

It is clear Verizon has damaged our community. Which is why I do not understand Senator Hoylman's article on Verizon in Town & Village.

HEADLINE: Hoylman is here to help

To the Editor:

I was dismayed to read in the July 17 issue about Seth Shire’s unfortunate experience when he sought to renew his Verizon FiOS contract (“My Verizon FiOS Nightmare”).

I want to remind readers that I am a resource when you experience customer service issues, and you should feel free to contact me at (212) 633-8052 or hoylman@nysenate.gov.

I can help you cut through the red tape and ensure your problem gets the attention it deserves.

Sincerely,

Brad Hoylman,
New York State Senator, 27th district

http://town-village.com/2014/07/24/letters-to-the-editor-july-24/

Here is what I don't understand.

Does the Senator help with all customer service issues with any company or only Verizon customer service issues?
If it is only Verizon then he is helping Verizon with customer retention and not helping constituents with customer service issues.

Why then is he helping Verizon keep business in PCVST?

Is help with shady customer service practices something a Senator usually does or just Senator Hoylman?

What is the deal with Verizon and who is involved in the relationship?

Anonymous said...

But this is us str. How is it that this is not unilaterally known?

Anonymous said...

OFCOURSE THIS IS US.

Anonymous said...

I've heard rumors that Verizon has a deal with PCVST that pays them for each new Fios customer here, which purposely keeps TWC out. Isn't that kind of....ah....illegal? What about the poor TWC sales guy that's trying to get new residents to sign up. Oh I'm sorry, that happens to be......me!