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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.

Friday, October 23, 2015

Crain's: Apartments in STPCV will go Market-Rate after 20 years

http://www.crainsnewyork.com/article/20151023/OPINION/151029910/stuy-town-deal-protects-a-lucky-few-but-benefit-to-rest-of-nyc-is#comment-2323678947

"After 20 years, the apartments will go to market-rate unless a future mayor subsidizes them again. Those who have been incentivized to put down roots will leave without any equity in the apartments they've called home. In the end, the money buys time and not much else."

29 comments:

Anonymous said...

This will only happen if Rent Stabilization is not in effect in 20 years. Tenants will be protected for as long as Rent Stabilization exists.

Anonymous said...

Does Crains contradict what City Hall replied in Town & Village when a tenant asked that very question?

Vickie
October 21, 2015 at 6:39 pm

So what happens after 20 years? Those people who are in their 60s and 70s now and living in the real RS apartments will be in their 80s and 90s (if the planet still exists) at the end of the 20-year period. Will those old, doddery, frail people be kicked out into the gutter if they don’t have the wherewithal to move or pony-up the massive rents? Blackstone and its ilk would do that to their own mothers, so what will they do to STPCV tenants? We know their kind have no heart or soul – it’s all about the money.
Reply

City Hall Press Office
October 22, 2015 at 12:28 pm

No, those longtime tenants will continue to have the protection of rent stabilization after 20 years. Their rent will not change in year 20, other than as dictated by the annual Rent Guidelines Board decisions. The crux of this deal is that any unit left by one of those residents within the next 20 years will stay affordable–eliminating all incentive to push longtime tenants out (as has happened over the past 10 years) and ensuring those units aren’t converted to luxury ones.
Reply

Anonymous said...

http://town-village.com/2015/10/21/stuy-town-sold-for-5-3b-to-blackstone/#comments

Anonymous said...

How do these people look at themselves in the mirror?
Then again how can they keep a straight face when they do their press conferences.

Anonymous said...

Mayor de Blasio quietly hands Fannie/Freddy purchase funding to our nation's #1 real estate predator Blackstone in exchange for a few worthless promises to do NOTHING that will cost Blackstone NOTHING.

-----

http://www.crainsnewyork.com/article/20151023/OPINION/151029910/stuy-town-deal-protects-a-lucky-few-but-benefit-to-rest-of-nyc-is#comment-2323678947

"City Hall officials call it a bargain ... In the context of the mayor's $41 billion plan to build or preserve 200,000 units of affordable housing, it was a steal.

And it was good for the buyer, Blackstone Group, which got the city's blessing for ----- low-cost financing through government-sponsored entities Fannie Mae and Freddie Mac. ----- That costs city taxpayers nothing."

-----

There goes our PCVST purchase opportunities.

Our NYC Mayor de Blasio delivers EVERYTHING to our nation's #1 real estate predator, Blackstone, and NOTHING for his living, breathing, voting PCVST resident constituents. Dan failed to deliver EVERYTHING promised, to a different predator, Brookfield. Dan was pissed when the mayor pulled a rug out from under him, but he quickly recovered, hugged the mayor and claimed his credit for a major victory for the middle class.

We reside in NYC in NYS. Of course the predator gets EVERYTHING. Right now PCVST residents are getting something far worse than just NOTHING. Dan-TA betrayal and malfeasance completely botched PCVST tenants' once-in-a-lifetime golden opportunity to own the entire PCVST complex without a partner and affordably own our individual PCVST homes. Mayor de Blasio just gave away those tenant ownership opportunities to our newest predatory owner Blackstone.

Thanks for trying Dan. Thanks for trying TA. What happened? Did the high stakes $$$ amounts make your heads explode?

GonnaGetScrewed said...

Does this mean that Stuy Town rent-stabilized tenants will lose their RS protection 20 years from now no matter if the law is in effect elsewhere?
Seems like a horrible deal to me.
Can someone explain this to me please.
I think we've exchanged one wolf for another wolf in sheep's clothing.
Thank you.

Stuy Town Reporter said...

I would assume that rent protections will stay in place somehow. But the stress on 20 years leads me to seriously question what will happen after that. Blackstone did analysis of the future here, and somehow came up with that number.

Stuy Town Reporter said...

And Blackstone probably figures that de Blasio is a one-term mayor. Who knows what the political and social atmosphere will be like in the city in 20 years?

Anonymous said...

Total Bunkem! Part 1


TODAY People should put themselves above pols just like the Dimons and Spinolas do.

Commitments, committees, panels, promises, audits, analysis, are pols way of getting headlines to feign they are doing right while cover up they are doing wrong. Empty words!

Bunkem! Buying time for a slower death so it is not on your watch is adding cruelty to the Illegal hunting and fishing expedition.

Making us rally then failing is with the results of last summer from Cuomo is Bunkem!

Imagine REBNY rallying outside the Govs office for 421?!

REBNY picks up the phone and Schumer says "what can I do for you - anything you want is yours" - you want an eyesore phone booth removed? - Done. You want to build luxury towers for people who won't live there and rezoning? - Done and here is a few million to help. You want 30,000 working class citizens removed? Done.


"rally" has become another word for "plead."

RE and WS are never disappointed like People were last summer with Albany screwing tenants.

Cuomo wouldn't dare disappoint Spinola or Dimon.


Dimon and Spinola consider a politician lucky to be in THEIR presence.

TODAY People put yourselves above politicians just like the Dimons and Spinolas because People are boss of politicians and not the other way around.


A politician is lucky to get a minute of our time.

If they are not satisfactorily doing their job, we use that minute to remind in no uncertain terms what their job is, just like Dimon and Spinola do.

NY pols set the bar so low on what they deliver for People it's embarrassing.


Saving 50% of a population is not a victory.

Protecting 100% of a population is merely doing your job,

If 100% of the population is prospering and profiting then that is a victory.



Here forward People decide what is and is not a victory and not pols in tweets and pr firm placed press articles. We will tell you if you achieved victory.

Self-proclaimed victory declarations by politicians will be automatically refuted.

Do not ever tell us - Ask us if we think it is a victory.




This deal is same ole WS RE bailout. People lose programs, schools, infrastructure support - trillionaire Blackstone gets tax breaks and assurance of huger than huge profits.

We lose our home, the very foundation we use to keep our families safe.




Anonymous said...

TOTAL BUNKEM PART 2

The TA divided PCVST in two, NS and TBE -- "new stabilizers" and "to be evicted" - then proceeded breeding a new population of students, giving them architecturally designed dorms and on-campus fishing and hunting jobs to inspect and hunt working class tenants to harass and kick out - by entering our homes looking for anything to use to cost us money (rob us) and intimidate us into moving out.

Tactics as strategically placed frat-house apartments each year with RS tenants above, below and beside to harass the RS out. That tactic terrorized all, including senior citizens, while they tallied victories with each RS that moved out on the grid of buyers vs non-buyers.

Tactic, Garodnick Salacan's 2012 fishing / hunting they bragged in NYTimes; hunting tenant hoteliers. At the same time not once did Garodnick TA hunt or expose thousands of illegal dorms and transient students.

Illegal hunting and fishing expedition that targeted, harassed, stalked a lot of innocent people.

Garodnick / TA use words as "brazen, greedy, illegal" to describe PCVST tenants they accused of running hotels while it was Garodnick TA running a brazen, greedy, illegal, unsafe, bug ridden transient dorm scam.

Each of the many false accusations Garodnick / TA made is brazen, illegal!

http://www.nytimes.com/2012/07/22/nyregion/stuyvesant-town-sleuths-keep-vigil-against-illegal-hoteliers-in-their-midst.html?_r=0


Are we letting them pull this crap?

Dimon, Spinola put themselves above pols and pols put themselves above People so were are treated like third class in PCVST NY.


Because we are at the mercy of the office they hold they have power to protect or harm. They misuse the office or abuse of power, they should be behind bars for life for the large mass of victims they hurt, consecutive sentences.

Everyone who received a golub complaint should subpoena all records and communications between TA, property management, Garodnick, Hoylman, Schneiderman, Brewer, Cuomo etc all they used in their Illegal Canned Hunt.

"Abuse of power, in the form of "malfeasance in office" or "official misconduct," is the commission of an unlawful act, done in an official capacity, which affects the performance of official duties. Malfeasance in office is often grounds for a for cause removal of an elected official by statute or recall election. Abuse of power can also mean a person using the power they have for their own personal gain."



No one is above the law. The PCV ST Canned Hunt is brazen, greedy, illegal.

We were targeted, fished and hunted - make no mistake about it - for REBNY WS masters.

This RE bailout is a historic crime rivaling Boss Tweed himself.


NY Pol's words have no value. ZERO VALUE. Their words mean nothing.

If they mean anything it is that the pols are doing opposite of what they say.

Catch phrases and mantras are cover up for their own crimes.


WS, REBNY are happy, prospering, profiting because pols get them actions, results.
People are struggling in daily battles for basic human rights, losing everything because pols are not getting us results and are stacking the cards, commissions and courts against us.

Pols target and harass in Illegal Hunting / Fishing expeditions to help WS and RE take everything and us lose everything.

Brazen pols brag about being wrong 95% of the time they go fishing and hunting (nice one Cuomo).
For the record, that is the definition of brazen. And Abuse of Power.


NY City State and Federal pols brutalized PCVST People and Property for 10 years for REBNY and WS. Then Moelis, Paul Weiss Rifkind pulled a fast one to avoid lawsuits. In other words, obstructing us from justice and protecting RE WS from accountability.

They can say whatever they want today in their PR spin puffery staged photo ops. They pulled a fast one to try to dodge accountability.

Anonymous said...

We will use our voices to stand up for our rights in unexpected ways and with unheard of power in our words. Not just use our votes, we will use our words to win the fight for our rights, our homes, our quality of life.

In New York:

A politician's word means NOTHING.

A constituents word means the WORLD.

Anonymous said...

Rent stabilization - which is a STATE law - trumps any deal the City made with Blackstone. Period.

It's Miller Time said...

1,2,3,4
Show MacArthur to the door
5,6,7,8
POSTCARDS! POSTCARDS! POSTCARDS!
Let's ORGANIZE!!!

Anonymous said...

This meeting about asking the politicians and RE what the deal means is bunkem!

Asking?!?!



This meeting is to be about TELLING the politicians what they are to do for us and how well we expect them to do it while they are in the Office we elected them for.

To make changes to any deal they made without our input. To next time get our input upfront or else they are guilty of using their Elected official office in a business deal for corporate entities as if they are paid employees of the corporations.

Elected Office is not supposed to be an extension of Tishman Brookfield or Blackstone's corporate offices!

Anonymous said...

BRING YOUR PHONES TO VIDEO THE MEETING! EVERYONE! LET'S GET IT ALL COVERED FROM EVERY ANGLE.

Anonymous said...

"We are living in a historic time in the life of Stuyvesant Town and Peter Cooper Village. " STR

PCVST at this meeting you are NOT the audience.
They, the TA and pols are the audience.

DEMAND WHAT YOU DESERVE

AND DO VIDEO IT!

Anonymous said...

STR your coverage of PCVST this week is the only thorough, real and honest reporting. Thanks for it all this week. You empowered us.

Anonymous said...


Besides the shilling for de Blasio and Garodnick (especially Garodnick), Marsh’s comment to this article is basically correct:

"But let's not lose sight of the big picture. After 20 years, the apartments will go to market-rate unless a future mayor subsidizes them again."



The bottom line is that next year’s 2016 election is critical. The NYS Senate must be taken back by the Democrat party and we will need at least an 8 person majority to offset the Democrat “Pataki light” state senators and, of course, the “Pataki light” Governor, the REBNY Governor of New York, Andrew Cuomo. As already posted, NYS RS law trumps ANY local agreement between NYC and Blackstone if the agreement weakens current NYS RS law. That is why the expiration of the J-51 tax credits in 6/2020 is so important to this community because, again, ALL PCVST apartments are under NYS RS law until 6/2020.

Anonymous said...

Impeach or Indict Cuomo and remove his entire underlings who are the same as him.

Anonymous said...

Then the democratic party better get a new line up because the incumbents do not deserve our votes and they have been career politicians in various offices long enough to have corrected the Pataki Bloomberg ways and to have ended Cuomo's betrayal of the democratic party in Long Island and Upstate and Southern Tier for his agenda for Republicans, billionaires and himself.

We cannot vote Democrat for the sake of voting democrat anymore. The current democrats in office are not working. We either need new democrats or we go republican - they seem to know how to make things happen and don't hide it. they throw their agenda in your face and they firmly stick to it making democrats compromise. It is always the dems compromising. That isnt compromise. That is onesided.


http://www.timesunion.com/tuplus-local/article/Cuomo-flipping-special-election-salute-but-to-6433229.php
http://www.mvass.com/2015/09/23/cyberbullying-is-not-barbara-fialas-problem/

Anonymous said...

STR you are right when you say times change but the thing is, they are supposed to change for the better of all, not the better of few at the demise of all others. The times are supposed to change for the better.

Anonymous said...

ok, but maybe when we're 70, and you're all 65 or 70, it is time to move on? just saying.

Anonymous said...

I feel like its a sales pitch

Anonymous said...

Average American household income is around $50,000 with 66% of Americans making less than $42,000.

In what country is $3000 per month on rent affordable for the middle class?

$36,000 per year on a middle class rental?!?! When 66% of American make less than $40,000 sends a message. Middle class America stay out of NYC. Foreign investors come on in....

The pols will have to do go back and do better than this.

Anonymous said...

What do you mean time to move on when you are 70?

People everywhere usually stay in their homes their entire lives, and pass their family homes to their kids.

Anonymous said...

" Anonymous Anonymous said...

ok, but maybe when we're 70, and you're all 65 or 70, it is time to move on? just saying.

October 24, 2015 at 1:08 PM"

How can I respond to this without an expletive ? Are you freaking kidding us ??

Just saying, indeed.

Anonymous said...

us, who is us? please don't speak for me.

Anonymous said...

"or we go republican - they seem to know how to make things happen and don't hide it. "

Yes, they don't hide it because these Ayn Rand lovers are against ANY rent regulations. Period. You think the Dems are a bunch of REBNY/corporate shills? Just look at any NY Post editorial re any type of rent regulation.

Anonymous said...

don't even get us started n the democrats of ny. The MOST CROOKED BUNCH in history and in all of the country.