Our landlord, BLACKSTONE, can't handle Stuy Town and Peter Cooper Village. There is a lack of enforcement of certain "rules," and no amount of notice to this alleviates the problems. We are continually being told half-truths and fabrications. And we have no viable Tenants organization, despite our TA asking for dues all the time. So far, the politicians have proven to be basically useless. A typical New York story.
Sunday, September 25, 2016
This Place is Hopeless Unless Blackstone Will Finally Enforce the Rules
An absolute disaster with periods of calm. Prove otherwise. Enforce the rules!
Although a PS officer finally turned up, including minutes later one on a moped who had to be flagged (!), I made the mistake of thinking that Saturday afternoon was good to chill at the Oval Fountain (which is being worked on and silent because the workers have not shown up religiously).
So, I saw:
Not one but two dogs in the Oval Fountain area (what's it to you?) and a group of "Lord of the Flies" kids trying to damage the Oval Fountain.
Nice going, Rick!
BTW, the PS officers disappeared as fast as they were seen.
Last night I returned home to the property around midnight. Not a PS officer in sight, just packs of students coming in and out of buildings. After I returned to my apartment, there were two loud bursts of noise. One was the result of about 12 students exiting my building screaming and yelling loudly. I believe that PS is told to ignore all of this and not enforce rules in an efficient manner. This is the demographic Blackstone wants to churn these apartments over and over, raising rents. This place is becoming more and more a dorm dump.
I'm willing to bet that all 12 of those students also squeezed into one elevator, putting way too much stress on it.
I worked for a management company in the past, and once the students started moving into my buildings, the elevators went kaput. Only a matter of time!
Let's face it, we do not have "Security" anymore. They changed their name to Public Safety, as per college dorm usage, and ceased to offer any kind of "security" or protection. They are merely for show and nothing else. We are paying a perpetual MCI for cameras that don't work and "Security" we do not have.
I heard the drunks squealing and shouting all night long as they came and went through the property.
We don't have Security, we don't have a tenants association (the group that calls itself that is simply an arm of management and the property of our local councilman and are handsomely remunerated with taxpayers' money). This place has gone to hell, but that is what Blackstone is noted for. It has bought up distressed rentals all over the country and turned them into tenant-abusing nightmares. That is their business model. They are absolutely no better than Compass Rock. In fact, they kept on all the same human dreck (in managerial positions) and and philosophies of Compass Rock. I believe that they have downsized "Public Safety" as it is jokingly called and stripped them of all authority.
I think the ruination of this place is calculated and deliberate. It is a strategy to get rid of everybody who is not a student (especially the seniors!) so that it can be converted into a dedicated dorm.
I was talking to my doctor the other day (at NYU Medical Center) and he said he had heard that Stuyvesant Town and Peter Cooper Village were "finished, just completely finished." He meant finished as a place for non-students to live. Everywhere I go, if I mention that I live in Stuyvesant Town, I get the same reaction: "Isn't that place just a dorm now?" "I heard that place is a terrible place to live now." Now, if anyone asks me where I live, unless I am obligated to give them the full address (such as filling out a form), I just say I live in the East Village. I am embarrassed to say I live here.
Somebody recently said to me "I thought you guys had a great tenant association over there." I just laughed and said that he had been misinformed. Grossly misinformed!
Blackstone loves its Stuy Town moms, though! I call the kids as "Lord of the Flies" kids.... Just joking! Ha, ha, ha!
Get privileged white moms with privileged brats and you get the type (the brats) who feel they can damage property just because they are privileged. Of course, this type is a hopefully a minority, but enough of a minority to make it a hell for everyone else. I actually had a laugh when I realized that most of these moms are medicated by their expensive shrinks.
From Blackstone's perspective (or any landlord's) the good thing about students is that they churn and the price of the apartment goes up and up. The base rent for some of these apartments has to be very high.
Blackstone thinks that because it has posted the rules for people to read, that is it. They don't need to do anything else - such as enforce them! Maybe when we get our rent statements, we should just read them and take no further action?
I tend to think most landlords in this city favor student renters. Mommy and daddy pay the rent monthly, kids move out steadily and easily, kids never complain about heat, water, noise, since they own the party noise club.
Blackstone favors student renters because they can't rent these overpriced apartments in non-luxury buildings to families and couples. The only way to rent them is to pack students into them and they can keep raising rents and churning apartments without a care. That is the main reason why this place is a dorm dump.
3:29 PM the kids also put a helluva strain on the infrastructure, water and electric. Maybe the grad students don't, but the undergrads most certainly do. They don't give a darn about what they damage because they don't have to pay for it to be fixed. I saw a young woman escorting a group of very young girls (they looked like high school kids!) around my building the other other day. She was showing them the laundry room, etc. They looked very sweet, but they were so young that I found it hard to believe they were old enough to live away from home! I don't think the young woman escorting them was a broker; she seemed more like a "den mother" type of figure.
I really miss when this was a place where families lived and enjoyed and respected the apartments because it was really a very good thing to be able to live in ST and the waiting list was very long to get in here. It has gone downhill mercurially since it became a dorm and families are not welcome any more. At least not families who are not just passing through.
This place has surpassed Normandy (nickname Dormandy) Court on 96th between 2nd and 3rd as the number one location for packing in students and just out of college transplants that unfortunately can't afford to live here unless packed like sardines into apartments.
"Last night I returned home to the property around midnight. Not a PS officer in sight, just packs of students coming in and out of buildings. After I returned to my apartment, there were two loud bursts of noise. One was the result of about 12 students exiting my building screaming and yelling loudly. I believe that PS is told to ignore all of this and not enforce rules in an efficient manner. This is the demographic Blackstone wants to churn these apartments over and over, raising rents. This place is becoming more and more a dorm dump."
This is so spot on. “The Children of the Corn” own the night here.
I think Rick Hayduk is probably a very nice guy, but he's not got what is needed to run a joint like this. Vacationers and alter cockers in Boca are an entirely different breed from what we've got here! We don't want a cruise director or social coordinator. We want a MANAGER who manages and enforces the rules because the rules are essential to prevent this place from becoming a dangerous shit show, but they must be ENFORCED! He could start by getting rid of the clown who heads up PS and replacing him with somebody competent, as well as replacing some of those ornamental "officers." Not that they're even all that,ornamental! They're fat bozos who couldn't run for a bus, let alone chase a perp!
Big difference between the demo of Boca and New York, especially a residential community in New York City! It's like a manager of a 711 going to run Macy's!
The ultimate choice of how this place is run is by the landlord, in this case Blackstone. For this community, it decides how much money to spend, the direction it takes, how the "books" are balanced, etc. Unless it is incoherent, it should have at least a general idea of what is happening in this place. So what you see is what you get. At least before it changes its tune, if current management ever does to any noticeable extent.
The STPCVTA as well as Dan Garodnick's people read this blog and hear all of your concerns. The TA will make the necessary inquiries regarding whether or not the security force here at stuy town is properly staffed, and why there isn't a security presence around the oval at all times, and why dog infractions (among others) are not addressed. This is what they are here for, and they will not let us down. Perhaps if more of us paid our dues the TA could better do their jobs, but this is what it is.
>>This is what they are here for, and they will not let us down.<<
I don't know whether you are joking or not! But, let's say you are not. Garodnick's job, until his councilship is expired, is partly this community, which he and his family live in, btw. So, please don't bring up dues!
Oh, and I hear that Dan gave himself and his fellow council members over 30% pay raise this year? I'm crying already, but not for the reasons you think.
There are so many bicycles traveling around the Oval that management should just get rid of the no-bike riding rule around the Oval and be done with it. You are not going to enforce the rule, so why bother?
TA supporter has to be joking. After much contemplation I did decide to pay my dues this year. What for? The TA does nothing. Why are they not addressing these issues with management? They endorsed this Blackstone deal and now they have egg on their face. At least try to put some pressure on these landlords. Dues have nothing to do with it. The TA just silently stands by and watches as this development becomes a dorm dump, free for all pig sty. The TA has been very silent these past few months. I wonder why.
There ARE no rules around here anymore. It's frustrating as anything to live here anymore. No one holds the door for you, no one talks to you, no one even looks at you. This is the most unfriendliest place I have ever lived in. This place is only a pit stop for students who could care less about anything about their fellow neighbors. Party on!
2:05 is so spot on right. It is calculated and deliberate.
Here is how PCVST was deliberately turned into a "hopeless" place for the Middle Class in 3 Headlines, 2 Mirror-image Mayors and 2 words "Goldman Sachs":
1. 2015 Closing the PCVST sale began with removing the Middle Class plaque:
Headline: How Stuy Town was won A tale of the wheeling and dealing behind Blackstone and Ivanhoe’s $5.3B buy Clockwise from bottom left: Jonathan Gray, Doug Harmon, Alicia Glen and Daniel Fournier
2. This un-progressive Mayor put Goldman Sachs in charge of all Housing including PCVST as a dutiful democratic party move in exchange for future furtherance of his own career by the democratic party:
Headline: 2013 De Blasio Taps a Goldman Executive as Deputy Mayor of Housing Link: http://www.nytimes.com/2013/12/24/nyregion/de-blasio-taps-a-goldman-executive-as-deputy-mayor-of-housing.html
3. These people in the 2008 photo with this caption controlled Main Street Housing and Wall Street Bailouts
"From left, Mayor Michael R. Bloomberg, Senator Hillary Clinton, Lloyd C. Blankfein and Henry M. Paulson Jr. at the groundbreaking of Goldman Sachs’s headquarters in Lower Manhattan in 2005. Mr. Paulson was chief executive of the company at the time. Credit Marilynn K. Yee/The New York Times"
Headline: 2008 Crisis Deepened the Ties Between Clintons and Goldman Sachs
"There ARE no rules around here anymore. It's frustrating as anything to live here anymore. No one holds the door for you, no one talks to you, no one even looks at you. This is the most unfriendliest place I have ever lived in. This place is only a pit stop for students who could care less about anything about their fellow neighbors. Party on!"
Very sad but very true. Anyone who has any time in these projects knows what it was like in the past as far as community is concerned. I've been here 18 years and when I moved in I remember thinking to myself what a wonderful community this is and that I would never leave. Nothing lasts forever I guess. Normally a post like this would make Blackstone very happy I would think but unfortunately for them I can't afford to leave (unless of course I leave our fair city).
Pay your dues? So I can continue to pay for MCI'S until the end of time? And live in a dorm atmosphere? And smell pot smoke almost everywhere I walk in this projects like atmosphere? Talk about a waste a money. That organization is useless. Sorry.
I paid my dues to the TA, but now I wish I could get my $50 back! The TA is worthless to tenants. It is an arm of management and as far up Garodnick's ass they'll never see the light day again. I despise the TA and Garodnick even more than I despise the shitty landlords who have been, sucked the blood, then moved on. There is nothing progressive about DeBlasio. He is an arrogant prick who is even worse than Bloomberg.
Student Housing was always in the StuyTown New York deal with Brookfield. Student Housing is Brookfield's and all the real estate predators current feeding ground.
I was down in the laundry room and was curious to see if I could pick up my wifi on my iPhone down there. Of course, I couldn't, but a network called "North Dorm" popped up and asked for my password.
Thanks Rick. Thanks for lying to us and to the TA (who probably knew anyway) when you said you were not going to be marketing to students. This property is primarily a dorm and secondarily a residential property.
Among our students’ amenities, the Oval Study and the Oval Cafe are quite popular with our many student tenants. The Oval Cafe offers a tasty menu, comfy seating, and free internet over Wi-Fi. The Oval Study is a quiet retreat from the city’s hustle and bustle, great for Baruch College students to learn in a relaxed and comfortable setting. The study also provides free internet Wi-Fi and many business resources, including internet kiosks, a private conference room, and hundreds of books, magazines, and newspapers to borrow!
Students can also enjoy movie screenings, sport screenings, food festivals and take part in basketball, volleyball, paddle tennis, and bocce court, all available on-site for our tenants.
Peter Cooper Village and Stuyvesant Town, Great Apartments near Baruch College:
StuyTown (formerly known as PCVST) is set amidst 80-acres of green space that offers tranquility and plenty of pet-friendly walking paths, playgrounds and sports courts.
These apartments near Baruch College feature newly-remodeled spacious apartments that come with upgraded finishes, new stainless steel appliances, hardwood floors, high-ceilings in the living rooms, bedrooms and dining area. Over-sized bedrooms feature walk-in closets, plenty of storage space and are big enough to fit a king size bed with plenty room to spare.
3 bedroom 1 bathroom dorm apartments advertisements just posted tonight! Is that legal to have three bedrooms and one bathroom?
3BR at 8 Stuyvesant Oval Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village Favorite Save to Favorites 3 Beds 1 Bath 1,148 Sqft Immediate Move-In Listing Posted 50 mins ago
19 Oval is all DORM! https://www.renthop.com/listings/8-stuyvesant-oval/07-b/7535672
3BR at 14 Stuyvesant Oval Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village Favorite Save to Favorites 3 Beds 1 Bath 1,148 Sqft Immediate Move-In Listing Posted 1 hour ago
3BR, 1BA at 430 East 20th Street Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village $5,778 Per Month 100 HopScore 11 mins ago StuyTown Apartments Check Availability
3BR, 1BA at 540 East 20th Street Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village $5,643 Per Month 96.8 HopScore 33 mins ago StuyTown Apartments
3BR, 1BA at 281 Avenue C Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village $6,719 Per Month 94.8 HopScore 40 mins ago StuyTown Apartments
Could it be that we (real tenants) have been LIED to? Would BS, the TA (with it's own bs), Dan-the-Man and DeBozo have LIED to us tenants who thought we had rented in a nice middle-class, well-run, safe and peaceful RESIDENTIAL community? Well, I'll be darned! Who'da thunk!
I don't know why the TA does change its name to the MA or the DGA. Or, better yet, The Liars Club.
As I strolled through much of Manhattan today for work purposes, can't help but notice the island is gearing now towards majority student life. Universities getting larger, dorms growing in building occupancy by the minute and even commercial real estate would prefer it so.
Students are chock full of cash, ready and able for franchises on every corner and come and go, never complain. Landlords love em. The parents have the tuition and rent roll saved for almost a decade and will pay through the nose to have them here in our city. Face facts folks. This will only get worse and in five years Manhattan will be predominantly students.
Technically they could say they stopped marketing to students (as in going out proactively and trying to garner students) but their own website has information for students, as is shown. NYU? Baruch? So they are "marketing to students".... All this comes up immediately on Google, btw. You have to be an idiot student not to check this out if you are interested. As the saying goes, "It's not nice to fool Mother Nature."
I was just listening to the news concerning a deadly fire in the Bronx this morning. A veteran firefighter was killed. Later updates have stated that the house was a pot growing "facility" and it is believed that students from some of the neighboring universities were involved in the enterprise.
This makes me wonder what is going on in the dorms here? We have already had a major, but not deadly, fire in one building. An apartment was gutted and neighbors' property was damaged by smoke and water. The culprits were students who had been a pain in the ass to tenants on their floor and above and below them for quite a while.
This makes me wonder about the safety issues of having these buildings used as dorms, particularly the safety of innocent tenants who moved in here - whether recently or long ago - believing they were moving into a safe and reputable residential property, well-managed and well-maintained. Will our renters insurance increase because of the dormification of the property and all of the safety and security issues involved? What insurance company will hesitate to raise the rates, or simply refuse to provide coverage, when the renter is living in a place with overcrowded, unsupervised undergrads whose behavior is often very wild and booze (and probably drug) fueled?
IF we had a tenants association, this is something that they would take up with management on behalf of the tenants. Alas, we are no so fortunate. If we had a Councilman who gave a damn beyond the money he makes, he or she would take this concern seriously. Again, we are not so fortunate. We have NO representation whatsoever at any level.
There is probably a lot of illegal activity going on with all of the "flex" apartments and the underage drinking and the very obvious pot smoking. I don't care if students (or anybody else) drinks and drugs themselves to death, I really don't, just so long as they don't endanger me and my regular tenants neighbors. The elderly are particularly vulnerable here because in the event of a fire or explosion, they cannot get out as fast as the younger folk. We know that apartments are dangerously overcrowded, electrical circuits are dangerously overloaded (and circuit breakers can be deliberately jammed so as not to trigger when there is an overload), so I think it is a matter of when, not if, we have a catastrophic horror show caused by Managements determination to subject us to the dorm life. On a real campus dorm, drunken and drug impaired residents can be dealt with by people who are aware of what goes on and what to expect. We don't have any of that kind of safety built in here. Public Safety is not here to babysit the undergrads and they don't show any interest in any kind of antisocial or dangerous behavior that they are made aware of.
Anyone know which building they are planning on demolishing and transferring air rights? Is it PCV for the Chinese Hotel?
The 2006 Stuy Town offering memo also includes a short statement regarding air rights, a big question mark looming over the current deal. The document cites “an array of income-producing structures” that could be built at Stuy Town, such as retail and parking, and mentions the possibility of demolishing one of the residential towers, in which case “air rights could be applied to the creation of additional units in a newly constructed building.”
Oh so slick. They are still marketing to students all over the internet! So that is a lie. Did he say they stopped "leasing" to students? Did he say they stopped "housing" students? Did he say they unregistered with the State as a "student housing" place? Can we class action suit using all the marketing to students on the internet that management says they stopped but all evidence is to the contrary and is putting our lives in danger with the strain on the infrastructure and entirely ruining our quality of life rights to a safe and secure peaceful enjoyment of our homes? Don't his lawyers co-write and review all his statements before he speaks making it a deliberate act to deceive residents when he says Blackstone is not "marketing" to students?
Dirty, filthy REBNY money gets "contributed" into Dan's slush fund, then quietly laundered into a TA slush fund, purportedly to "educate" tenants.
Is that all it took for the TA to betray us?
Let's never forget how well conniving Dan and his puppet TA kept their middle class PCVST neighbors/constituents uninformed, misinformed and dis-informed for years while they schemed to needlessly deliver EVERYTHING PCVST, including our homes, right back into the claws of Wall Street/REBNY predators fully realizing Speyer's failed business plan raking in multiple billion dollar windfalls permanently booting the middle class out of PCVST.
>>The 2006 Stuy Town offering memo also includes a short statement regarding air rights, a big question mark looming over the current deal. The document cites “an array of income-producing structures” that could be built at Stuy Town, such as retail and parking, and mentions the possibility of demolishing one of the residential towers, in which case “air rights could be applied to the creation of additional units in a newly constructed building.”<<
We shall see, but air rights in ST or PCV seems off the table.
There is an illegal hotel operation in an apartment that is leased to a foundation that was reported a while back. Management is leasing to foundations instead of permanent residents and it is a money maker for those running illegal hotels. Is the STPCV Tenants Association Foundation, Inc leasing units? Or is the money going to "training" students who are here working with management?
What is the purpose, mission, reason for this "foundation" the Tenant Association is operating?
What is the foundation for and what is the foundation using the money for? Aren't foundations supposed to be nonprofit? Why did the Tenant Association open a "foundation" and did they do it the same time and with the same lawyer as the Mayor opening his Campaign for One New York?
The foundation is non-profit, I believe. From the looks of it, the foundation doesn't seem to be doing anything illegal, but is merely doing what other foundations/groups are doing in the city, ie, something for tenants.
If they rent arparemtns at fair value and not overinflated as is now normal people would rent, families and professionals. they do not as they do not want us. they want nYu and kids and students only.
In my 35+ years here, I have seen a first over the past few days - homeless people picking through the garbage cans in the property. Three separate times in 4 days. This can be blamed on DeBlasio, but also PS. Where are you guys?
They want families as long as the families can afford base rent. They will charge "preferential" rent, but unless the base rent is too high, they will settle for "market value," whatever that can be. (By now, people should know the difference between preferential and base rent.)
They would rather have the stability of renting to families at market value than dealing with students continually. Obviously, they want these families to afford the market value pricing of Manhattan these days. The "poor" people who still live here: they are dying off steadily. That problem will be solved by time.
HOWEVER, student rental is part of the game in this city and they (management) wants these apartments filled. Students, with their turnover, increase the base rent of an apartment, which management has to love. So...on one hand they love students, but hate them at the same time. LOL.
The fact is that management (and this doesn't mean a particular management) wants this place to run smoothly, with it as the boss. They do not want trouble, whatever it is.
The TA should be around as a potential adversary and to stand up to the excesses of management. As this point, who is the TA standing up for? Where is some of the work that individuals are doing, but not the TA? I think we can see how this property has gone (over half of the apartments are now out of true RS safety), so the TA, which should be blaring such information, is playing nice and buddying up with Dan Garodnick, who is into his third term as councilman despite being officially against third terms for councilpersons. Dan sees where this city is heading, and that's why he is a friend of the REBNY, while at the same time for tenants! He is active in the middle zone quite well and should go far, unless someone else heads him off at the pass.
This is another posting. Management is looking at the "bottom line" and doesn't want to overspend. But maybe you will see PS once in 15 minutes as they go around in their mopeds?
Blogger Stuy Town Reporter said... Rick is not silent as far as I know. He's around occasionally on the Good Neighbor table on the Oval and responds to emails.
September 27, 2016 at 5:08 PM
Get real STR. He hasn't done one good thing for this place! He is full of *@#!.
>>Get real STR. He hasn't done one good thing for this place! He is full of *@#!.<<
Ah, but he is around. He and his family live in Peter Cooper, unless there has been a recent change. He makes the new "rules"... Whether they are enforced is another thing. He is also available to tenants via email. I can't say that he hasn't done good for his community at all.
This place has gone steadily downhill, though. My perception. Maybe it is yours.
You need a ball-buster in charge. I wouldn't last long working for Blackstone in this community, that's for sure!
I really don't think that Blackstone's ultimate goal is to rent to families. They know that most families will not pay these excessive rents to live here and if they do move in, they price them out after a year. Their goal is to make money and that means churning out dorm and hotel apartments. As for Rick, he is their PR machine. From what I understand he kibbutzes with the older tenants and once in a while solves an individual issue. That placates some of the tenants here. One of my elevators appears to be permanently padded for moving. That tells you what Blackstone is about.
Ultimately, Rick is a nice guy that is just doing his job. The problem is that he works for a company that has $365 billion in assets (per their website).
>>This place has been ruined FOREVER, and there is no turning back. FACT!!<<
I can't say that I disagree with this assessment. Technically, we could turn back a few things, but does management have the balls to do that? Hardly, if you look at the evidence.
@September 28, 2016 at 9:05 AM "As for Rick, he is their [Blackstone] PR machine. From what I understand he kibbutzes with the older tenants and once in a while solves an individual issue. That placates some of the tenants here."
Rick adopted Garodnick's PR strategy falsely conflating job approval from a dwindling senior PCVST resident demographic with approval by all PCVST residents.
Hey there Rick - wanna spend a couple hundred thousand less on flowers and potting and pruning and help out the tenants and the infrastructure??????????????? nah, probably not. typical.
"Ultimately, Rick is a nice guy that is just doing his job."
Well sure but you can say that about 100% of the population or the recent example of 5300 people at Wells Fargo who may also be nice guys just doing their job.
5,300 Wells Fargo employees fired over 2 million phony accounts
The Tenant Association Foundation was set up in 2010 for expenses incurred in our work to put together a conversion that was announced in the 2011 Brookfield Partnership agenda. It is for us to buy our apartments and there are still incurring-expenses because to get a plan so we can buy our apartments takes a lot of work and expenses.
"CompassRock goes out of business after losing Stuy Town contract"
This would be a cause for celebration if questions are not asked. Did the higher ups at CompassRock take the money and run? What is happening to their workers? Someone made money on this deal.
I would also be concerned about my firm’s in-ability to have highly professional environmental experts inspect the portion of the property that I believe is sitting on a registered, contaminated, parcel of land for which the “seal” has be broken and soil has been moved. I believe that it would be necessary to receive the results prior to closing, so we are able to determine what ongoing safety concerns we should immediately address.
Finally, why would my auditors tell me that it was unrealistic for my firm to expect a thorough review of 11,232 separate leases (for 11,232 separate apartments) together with an audit of rent increases during the period that CW controlled ST/PCV, in seventy-five days? After all, don’t I understand that CW is a mortgage lender’s servicing agent, with limited New York City Rent Stabilization and Rent Control experience.
Wouldn’t we also require a review of capital improvements completed by CW and the amounts charged to the tenants, as well as the effect of the New York Supreme Court mandated extension of the Rent Stabilization encumbrance on the property to the end date of the J-51 tax abatement? Wouldn’t we want it all within the seventy-five days prior to the Closing?
Looking at all that has happened to the Property during CW’s reign over the last eight years, I have to admit that I would be concerned with CW’s well thought out policy to “skirt” the Rent Stabilization Laws and building codes.
These laws and codes appear to allow apartments vacated for any reason to be put into college dormitory use, thereafter installing “false” walls in order to increase the number of adult occupants and encourage college students to rent for the college term and vacate at the conclusion of the term or slightly thereafter.
These laws and codes that would allow management to add a 10% “vacancy” sur-charge to the legally stabilized rental increase, so that during these last eight or so years, approximately 5,000 of the formally stabilized apartments, when adding the recurring vacancy extra-charge every year or two, would lose the protection of Rent Stabilization in a relatively short period.
The result would then allow the new owner to agree to “limited income” housing, with that same owner able to receive a significantly higher rental than that which would have been available through Rent Stabilization.
The question I have is, did the new owner install a highly skilled administrative group to review and tie in all of the previous leases including the increases, to be sure that those increases do not exceed the maximum allowable amounts. Probably not. Another unnecessary worry that I must get use to putting on the side.
One “last” also. I admit that I would not be able as CW was, to get the building department to make inspections of each “re-walled” apartment and especially, get the building department to allow the apartments that received the temporary walls and therefore an increase of at least three times the previous number of adults and adult weight, to not stop this mass change to the buildings structural and life safety systems.
My firm would not have been able to get the building department to ignore the obviously increased dangers to the elevators and elevator systems, especially the elevators inability to carry the vastly increased number of people or vastly increased weight. The building department would have surely told my firm, that if such an emergency occurred, even the stairwells as currently configured, would not be sufficient to accommodate the safe movement of the increased number of residents, if forced to vacate the buildings in mass.
Lastly, what is official position of the City Administration concerning the “artificial loss” of the Rent Stabilization protections to 5,000+- New York families?
Will the vastly but artificially increased rents, be a fair substitute for the Rent Stabilization protections to New York families?
All of this would worry me, because that is how I would look at the property and the sustainability of the “off the cuff” modifications to New York City’s laws.
Therefore, I really need to better understand the thinking of Blackstone, so that I can “upgrade” my own thinking to accommodate today’s business practices.
Blackstone kept all of the Compass Rock employees. That's nothing new. As each management company that has come in has kept most workers and brought in their own managers.
My neighbor still continues to slam their prison door despite the warning sign in the elevator. Nobody cares about anyone else that lives around them. So much for those useless signs Rick!
"My neighbor still continues to slam their prison door despite the warning sign in the elevator. Nobody cares about anyone else that lives around them. So much for those useless signs Rick!"
My downstairs neighbors slam their doors all the time. I am often woken up by them slamming bedroom and bathroom doors in the early hours of the morning. What's so hard about turning the knob and closing the door quietly?
As for Rick's signs - they mean nothing. There is no enforcement of any of the "Good Neighbor" rules, so they are just a sham.
September 29, 2016 at 10:01 AM more likely the blog site is compromised and tracked. It means they are scared of the truth getting out and they want to shut us up.
As for Rick's signs - they mean nothing. There is no enforcement of any of the "Good Neighbor" rules, so they are just a sham.
Actually, the no enforcement of the rules can be a big win for tenants if one decided to take management to court. If they have rules they have a duty to enforce them or they could be held liable.
I think I'm going to call Rick and Blackstone's bluff and call major BS. I think I already did this in a way, but now I still see the continual presence of speeding bicycles around the Oval and large-size dogs being walked. I also see the Thursday Good Neighbor table! This night I saw seven speeding bicycles around the Oval and two large-size dogs. If PS is around, they certainly aren't at the Oval outside where I was.
There is no change. Nothing for the better and most people seemed adapted to the new way of things. They don't know, cause nobody tells them, or they don't care.
In this way, management has won. The TA is mostly useless, aside from periodic bitching by some members.
Real sad, we have friends here, our kids have friends, their school is here and we have to move. Rick and BS are raising our rent so much, it's too high to live here. May they all go to hell.
To me the good neighbor signs were always Blackstone's statement that "Sorry, folks, the students and transients are here to stay ,but we are making an attempt to tell them the rules. Very deceptive and very lame as they don't enforce anything. It is all a big PR crock. I can't stand their signs and e-mails.
Conspiracy theories are ringing true. It must be really bad. Mr Bharara says the case details are "gory" a.nd SUNY just scrubbed Kaloyeros name and photos entirely off the SUNY website everywhere
SUNY ruined PCVST. PCV is almost all dorms.
Stuytown SUNY Downstate | College Student Apartments collegestudentapartments.com/property/stuytown-new-york-new.../226867-11371/ Browse SUNY Health Science Center at Brooklyn housing listings, like 'Stuytown' to find the perfect SUNY Health Science Center at Brooklyn apartment or ...
Across the river the Bridgegate "Political revenge" conspiracy theory was just admitted to in court by Christie's former top aides and not the "traffic study" the Supreme Court Judge nominees tried to say. Cuomo's Close Pal across the river may be up the river and NY former top aide Percoco and SUNY Kaloyeros are next in their cases. Too bad SUNY StuyTown is not part of the case. Yet.
NEWARK — Before Gov. Chris Christie's top appointee to the Port Authority told lawmakers the George Washington Bridge lane closures were part of a traffic study, he was prepped by the governor's one-time pick for the state Supreme Court justice and Christie's future chief of staff.
David Wildstein -- who pleaded guilty to federal crimes related to the Bridgegate scandal and testified the traffic study claim was a bogus cover -- told jurors Thursday that Phil Kwon, a former nominee for the state Supreme Court, and Regina Egea, who would later serve as the governor's top aide, helped prepare Bill Baroni for his testimony.
Baroni, the former Port Authority deputy executive director now on trial for federal crimes related to the September 2013 lane closures, told lawmakers in a November 2013 hearing that the gridlock was result of a traffic study.
That claim was later refuted by Wildstein and federal prosecutors, who charge the closures were an act of political revenge against the mayor of Fort Lee for not endorsing Christie's re-election bid.
Next time I see my neighbor slam their door, I am going to slam mine "harder" on purpose, just to show them what it "really" sounds like. Maybe they will get the hint!
>>Real sad, we have friends here, our kids have friends, their school is here and we have to move. Rick and BS are raising our rent so much, it's too high to live here. May they all go to hell.<<
This blog is anonymous based on choice, so you can tell us what the price was and what it will be.
These big rent increases are going to the Blackstone offshore bank account in the Cayman Islands as an earlier commentator posted. de Blasio and deputy Mayor Glen gave Blackstone big tax breaks and free loans on top of de Blasio's DOB and DHCR deregulating 3/4 of the apartments. Tax breaks, illegal construction and Offshore accounts is the de Blasio Glen way of doing Wall Street City Hall "private public partnership" business. Use public resources to enrich private companies who invest $0 in the community and infrastructure like raises for NYPD, teachers. de Blasio does not deserve another term. Vote for anyone but de Blasio.
September 28, 2016 at 12:12 AM seems the Tenant Association Foundation opened the same time as the Committee To Save New York non-profit was formed. The Campaign for One New York non-profit was formed shortly after. The Committee to Save New York non-profit and the Campaign for One New York non-profit have already been shut down while under questions of illegality.
September 30, 2016 at 9:00 AM or give the percentage increase so management trolls don't further retaliate because they will be able to figure out who you are by the exact rent amounts but if you give the percentage increase or rounded numbers that will maintain anonymity and your safety from a management corporation that cares more about their PR effecting the bottom line profits than your family safety.
I found Public Safety! They do exist! I was driving around last night looking for parking, and the moron driving around in car #7 decided he needed to tail me because I was only going 15MPH. I later found out what the rush was, when I saw him chatting away with PS van #1 and #9 in the 14th Street loop.
I wish I could have trapped him and gone slower, but he rushed out onto 14th Street to get around me.
I got a name of a higher up at the former CompassRock and sure enough he is working for this complex still. Will check some others. PS: I can't out them at this time, btw.
Blackstone and Compass Rock are very sordid enterprises. We should not expect anything good to come from Blackstone's regime here. They are a notoriously dirty organization. Sadly, I think our so-called TA is becoming corrupted as well. The TA is secretive, obtuse and dictatorial. It never was that before they got that "ownership" gleam in their eyes. Garodnick had much to do with that. I hope he is never elected to office again. Same goes for DeBlasio. He is dirty.
Brookfield was partnering up with the TA to buy this place. This, if it had come to pass, would have been priceless. The president and founder of CompassRock on the same team as the company that buys Stuy Town and Peter Cooper Village. Dan would have been proud!
Don't mistake Brookfield with Blackstone, however. Two different organizations. Brookfield, which now has Woodward, was hoping with the TA to buy this place.
Now that CWCapital Asset Management Compass Rock Woodward is officially at Brookfield it explains why we got screwed with MCI negotiations for dorm security. As we were told:
“With Brookfield on our team, CWCapital, the entity representing the senior bondholders of the property, will find it extremely difficult to ignore us.”
The East River is great is because the waters are not congested with traffic like todays city streets and yesterdays old historic photos of the rivers are. That is until the NYC "Economic Development Corporation" chaired by Councilman Garodnick puts in his ferry docks and ferry system.
It is a system that was determined to be a disaster 50 years ago but will make a lot of money for waterfront real estate developers who are running the NYC "economic development corporation with Councilman Garodnick. The NYC EDC aren't building the economy but they are making themselves richer and building their own wallets and stock portfolios.
Who does the NYC EDC work for? It is not public service. It is not building the economy. It is more of the failed trickle down crap they have been pushing for 50 years on our parents that they want to keep pushing on us.
All StuyTown Runners let's start a petition to save Stuyvesant Town Cove from becoming a transit hub by the 20th Street Ferry Dock the old Councilman is putting in. The Ferry dock is good for the real estate developers. It is bad for the river, bad for the environment, bad for the economy, bad for East River Esplanade Runners.
Our generation is for keeping the World's Water Rivers Lakes and Oceans clean and not going back to repeat the crowded boats in the harbors of 100 years ago. Out with the older politicians and polluters and in with the new fresh ways of thinking! New younger politicians and new, cleaner transportation!
Let's have a Run to Raise Awareness to save Stuyvesant Town Cove and the East River Esplanade Run.
"Our noble councilman would probably show up for for a run against his own ferry project, if it meant a good photo opportunity."
And guess who would be standing right next to him, beaming into the camera? The ubiquitous Susie, who never misses a photo op with the politicians! She'd probably cuddle up next to Donald Trump if he came over to address the unwashed morons that all politicians (and Susie) think we are. I wouldn't mind if the TA/TB actually worked FOR instead of AGAINST the people they are supposed to represent. Slimy Dan, please go away and stay away. Please.
Unless the ultimate plan is to get rid of the Playgrounds and until they build the luxury condo-hotel towers for whom they likely promised a Ferry stop, the Ferry Transit Hub should go through a commercial or industry area so we don't have masses of stranger foot traffic coming through our Playgrounds. It does not belong at 20th street at this time or ever since 23rd street is a better option but still not a good option. It negatively impacts this residential area and is a threat to our Middle Class family lifestyle and a threat to our security.
"It does not belong at 20th street at this time or ever since 23rd street is a better option but still not a good option. It negatively impacts this residential area and is a threat to our Middle Class family lifestyle and a threat to our security."
And Garodnick and Co. don't give a flying fuck about all that because it is not planned to benefit our community; it is planned to benefit the coffers of Garodnick and Co. who are owned by REBNY. Sadly, I think we can include our so-called TA in that group.
The spin on the greed by developers, calling it "gentrification" is an outright lie. Gentrification is renovation of deteriorated urban housing. These greedy developers are tearing down perfectly good housing and buildings. That is not gentrification it's nothing more than common greed and wasteful.
Sure do hope they open up and use more of stuytown for welcome centers and brokers and bros. Every time I walk I see more and more of this. Just open it as NYU campus and get the fuck over with already.
My downstairs neighbors come home at around 4 am every morning and slam the doors several times before quieting down. I don't know if they are students, but I do know they are annoying!
I would pay for just 6 slammed doors. Us? in the past half hour, at least 5 times. In, out, in out, hang out in hallway, in out, slam and slam. Fuckin losers.
I don't think PS can do much about slammed doors unless they (PS) stand around for a while and hear them.
FWIW, I am a longtime tenant and when I moved in 36 years ago there was a family on my floor who slammed (and I mean SLAMMED) their doors all the time any time of day or night. They were a very large family with extended family in several different apartments and the neighboring building and would come and go all day and night. We just had to put up with it because saying something to them would definitely have caused bad blood considering the nationality and disposition of the people (can't get specific and not get into trouble!). They were a very warm, friendly family and very good neighbors, otherwise. But they were noisy! Always shouting, arguing, yelling and slammed the fucking front door at least a dozen times an hour!
The point I'm making is that people will be people and it's not just the newbies and the students. Door-slamming is not a new annoyance in Stuyvesant Town.
YES, we do!!! But what can we do about it? At every election we are given a choice between one crooked bastard or another crooked bastard. The decent candidates don't make it out of the primaries alive, e.g., Zephyr Teachout. Donald Rump is probably right when he says the system is rigged, though he is just pissed that it isn't rigged in his favor.
Let's see.... Tuesday morning. One bicycle already seen ridden around the Oval. Workers trying to patch up all the pruned-to-dirt areas of the Oval grass; other workers trying to fix and install the new lighting for the Oval Fountain....
Personally, I think the puddles and stench of piss everywhere is a bigger issue than the bikes. 4 1/2 years until I can get out of the projects. Does anyone think that there would be a possibility of a buy out for real R/S tenants?
"Don't worry. The TA will fight the MCI charges just like they always do."
That's funny! It's all smoke and mirrors and sleight of hand with the "TA." I think they cut a deal with Management that is beneficial to themselves, but not the tenants.
Hmmm if the ta does fight anything, how about the bogus upgrade 'taking all rents up to over $3600.00' a month scam? hmmm How about it? How about you look into the phony Dhcr collaboration? how about you look into that?
I can't imagine how the TA can show their faces at another tenant's meeting after the results of their deal with Blackstone become apparent. It is interesting that they have not called a meeting in a long time. I did not attend the last one. I am sick of all of the cozying up to management by the TA and the politicians and the failure to address what this place has become--a dorm/hotel dump.
"Buyout? Since we don't own anything, what's more likely is that you will be owing money to management when you leave."
I was semi joking when I wrote that but you did kind of lose me there STR. The only reason there would be a remote possibility of a buyout is BECAUSE we don't own anything. If we were all millionaires because we owned our places (you remember the TA bullshit) then we would all simply sell our places privately.
The TA, Dan, and DeBlasio all think we are fools. How can they possibly say they saved affordable housing?
As per Peter Stuyvesant on the TA Facebook page, when a RS apartment vacates, they are renovating that apartment to become one of these new "platinum" apartments that they can rent for a lot. They then take an older renovated apartment and turn that over to the "affordable" housing lottery for only $3600.
On what planet is $3600/month affordable? Karma will come back and haunt Dan, Susan, the TA, etc for this deal.
October 3, 2016 at 8:04 AM make of it the same thing you make of this Stuytown is at the heart of the China General Chamber of Commerce
#1 Wells Fargo #2 Blackstone #3 Bank of China SL Green One Vanderbilt / Deutsche Hudson yards Stuyvesant Town News from the China General Chamber of Commerce #4 another Blackstone #5 Eastdil Stuyvesant Town deal mention#6 Wells Fargo Tishman Speyer and the biggie of them all #7 Signature Bank tied to big Florida Ponzi scheme and NY Riverton scandal.
This is a list of who's who in global money "movers"
Our little middle class bastion is the eye of a global storm
China General Chamber of Commerce http://www.cgccusa.org/congratulations-to-two-cgcc-members-on-making-the-50-most-important-figures-of-commercial-real-estate-finance/
Signature Bank http://www.nytimes.com/2016/02/24/business/dealbook/signature-bank-sued-over-connection-to-ponzi-scheme.html
When I move out of my not renovated apartment, they'd better not try to stick me with any charges to put things back to as they were. I know they are going to gut it and renovate it to a "Platinum" unit. We will have to go to Court if they try to stick me with a bill for anything. At my age, I don't give a flying fuck about my "credit rating."
At 4:48. They guaranteed affordable housing. $3600/month is not affordable housing. The TA is the worst of the worst. No better than Dan, DeBlasio, etc.
FYI - I just saw Susan Steinberg walking on 1st ave between 15th and 16th with younger students in tow. Is she now giving tours for the leasing office? I wish this was a joke!
The TA likes to make it look like they are relevant every few years. They stood front and center with DeBlasio and Dan to brag about this crappy affordable housing plan. I would say the TA has a lot to do with it.
LOL what is all this bitching about door slamming. anywhere you live in the city you'd be equally susceptible to being disturbed by doors slamming--more, in many places. It adds nothing to your contention that this is a worse living situation than anywhere else in the city. You're just a bunch of whiny brats.
>>LOL what is all this bitching about door slamming. anywhere you live in the city you'd be equally susceptible to being disturbed by doors slamming--more, in many places. It adds nothing to your contention that this is a worse living situation than anywhere else in the city. You're just a bunch of whiny brats.<<
LOL back at you! I love your post! "Don't you know that you live in NYC?!"
Ah, yeah, last I checked that was true, but we still don't want doors slammed. Get it, or do you want to move back to Ohio?
@ 5;02 PM: spoken like a true transplant from Flyover Land. A New Yorker would never make such a remark. New Yorkers like some peace and quiet and in some of the neighborhoods where real New Yorkers live, you might find yourself having that impressed upon your stupid head by a hammer or a boot.
There is a lot more door slamming because now there are people who are not related living together so they close their doors when they are in their dorm rooms plus there are more rooms in the "flex" two three four and five bedroom apartments so there are more doors. Related people and families don't close the doors.
5 bedroom layout has 8 doors not counting closets and kitchen.
I hope they are all going to pay the MCI for each room and spread the pain a bit. So sick of this lousy place. Wish I could afford to move out, but I am a senior and stuck here.
177 comments:
Although a PS officer finally turned up, including minutes later one on a moped who had to be flagged (!), I made the mistake of thinking that Saturday afternoon was good to chill at the Oval Fountain (which is being worked on and silent because the workers have not shown up religiously).
So, I saw:
Not one but two dogs in the Oval Fountain area (what's it to you?) and a group of "Lord of the Flies" kids trying to damage the Oval Fountain.
Nice going, Rick!
BTW, the PS officers disappeared as fast as they were seen.
Last night I returned home to the property around midnight. Not a PS officer in sight, just packs of students coming in and out of buildings. After I returned to my apartment, there were two loud bursts of noise. One was the result of about 12 students exiting my building screaming and yelling loudly. I believe that PS is told to ignore all of this and not enforce rules in an efficient manner. This is the demographic Blackstone wants to churn these apartments over and over, raising rents. This place is becoming more and more a dorm dump.
9:09
I'm willing to bet that all 12 of those students also squeezed into one elevator, putting way too much stress on it.
I worked for a management company in the past, and once the students started moving into my buildings, the elevators went kaput. Only a matter of time!
WEEKENDS ARE horrible, just horrible. Wake up Blackstone. Lawsuit?
Let's face it, we do not have "Security" anymore. They changed their name to Public Safety, as per college dorm usage, and ceased to offer any kind of "security" or protection. They are merely for show and nothing else. We are paying a perpetual MCI for cameras that don't work and "Security" we do not have.
I heard the drunks squealing and shouting all night long as they came and went through the property.
We don't have Security, we don't have a tenants association (the group that calls itself that is simply an arm of management and the property of our local councilman and are handsomely remunerated with taxpayers' money). This place has gone to hell, but that is what Blackstone is noted for. It has bought up distressed rentals all over the country and turned them into tenant-abusing nightmares. That is their business model. They are absolutely no better than Compass Rock. In fact, they kept on all the same human dreck (in managerial positions) and and philosophies of Compass Rock. I believe that they have downsized "Public Safety" as it is jokingly called and stripped them of all authority.
>>Let's face it, we do not have "Security" anymore. They changed their name to Public Safety, as per college dorm usage<<
Indeed, they changed their name to reflect dorm usage.
I think the ruination of this place is calculated and deliberate. It is a strategy to get rid of everybody who is not a student (especially the seniors!) so that it can be converted into a dedicated dorm.
I was talking to my doctor the other day (at NYU Medical Center) and he said he had heard that Stuyvesant Town and Peter Cooper Village were "finished, just completely finished." He meant finished as a place for non-students to live. Everywhere I go, if I mention that I live in Stuyvesant Town, I get the same reaction: "Isn't that place just a dorm now?" "I heard that place is a terrible place to live now." Now, if anyone asks me where I live, unless I am obligated to give them the full address (such as filling out a form), I just say I live in the East Village. I am embarrassed to say I live here.
Somebody recently said to me "I thought you guys had a great tenant association over there." I just laughed and said that he had been misinformed. Grossly misinformed!
Blackstone loves its Stuy Town moms, though! I call the kids as "Lord of the Flies" kids.... Just joking! Ha, ha, ha!
Get privileged white moms with privileged brats and you get the type (the brats) who feel they can damage property just because they are privileged. Of course, this type is a hopefully a minority, but enough of a minority to make it a hell for everyone else. I actually had a laugh when I realized that most of these moms are medicated by their expensive shrinks.
From Blackstone's perspective (or any landlord's) the good thing about students is that they churn and the price of the apartment goes up and up. The base rent for some of these apartments has to be very high.
Thank you Mr. Mayor(s) and city council people.
Blackstone thinks that because it has posted the rules for people to read, that is it. They don't need to do anything else - such as enforce them! Maybe when we get our rent statements, we should just read them and take no further action?
I tend to think most landlords in this city favor student renters. Mommy and daddy pay the rent monthly, kids move out steadily and easily, kids never complain about heat, water, noise, since they own the party noise club.
Blackstone favors student renters because they can't rent these overpriced apartments in non-luxury buildings to families and couples. The only way to rent them is to pack students into them and they can keep raising rents and churning apartments without a care. That is the main reason why this place is a dorm dump.
3:29 PM the kids also put a helluva strain on the infrastructure, water and electric. Maybe the grad students don't, but the undergrads most certainly do. They don't give a darn about what they damage because they don't have to pay for it to be fixed. I saw a young woman escorting a group of very young girls (they looked like high school kids!) around my building the other other day. She was showing them the laundry room, etc. They looked very sweet, but they were so young that I found it hard to believe they were old enough to live away from home! I don't think the young woman escorting them was a broker; she seemed more like a "den mother" type of figure.
I really miss when this was a place where families lived and enjoyed and respected the apartments because it was really a very good thing to be able to live in ST and the waiting list was very long to get in here. It has gone downhill mercurially since it became a dorm and families are not welcome any more. At least not families who are not just passing through.
This place has surpassed Normandy (nickname Dormandy) Court on 96th between 2nd and 3rd as the number one location for packing in students and just out of college transplants that unfortunately can't afford to live here unless packed like sardines into apartments.
"Last night I returned home to the property around midnight. Not a PS officer in sight, just packs of students coming in and out of buildings. After I returned to my apartment, there were two loud bursts of noise. One was the result of about 12 students exiting my building screaming and yelling loudly. I believe that PS is told to ignore all of this and not enforce rules in an efficient manner. This is the demographic Blackstone wants to churn these apartments over and over, raising rents. This place is becoming more and more a dorm dump."
This is so spot on. “The Children of the Corn” own the night here.
I think Rick Hayduk is probably a very nice guy, but he's not got what is needed to run a joint like this. Vacationers and alter cockers in Boca are an entirely different breed from what we've got here! We don't want a cruise director or social coordinator. We want a MANAGER who manages and enforces the rules because the rules are essential to prevent this place from becoming a dangerous shit show, but they must be ENFORCED! He could start by getting rid of the clown who heads up PS and replacing him with somebody competent, as well as replacing some of those ornamental "officers." Not that they're even all that,ornamental! They're fat bozos who couldn't run for a bus, let alone chase a perp!
Big difference between the demo of Boca and New York, especially a residential community in New York City! It's like a manager of a 711 going to run Macy's!
In fact, a friend who lives on 3rd avenue says it's called Dormtown not stuytown now.
The ultimate choice of how this place is run is by the landlord, in this case Blackstone. For this community, it decides how much money to spend, the direction it takes, how the "books" are balanced, etc. Unless it is incoherent, it should have at least a general idea of what is happening in this place. So what you see is what you get. At least before it changes its tune, if current management ever does to any noticeable extent.
Normandie Court
205-235 East 95th Street
B9M
1 Bedroom
1 Bathroom $2,985
NO FEE ElevatorDoormanLaundry in buildingCats/Dogs allowed October 1
Much better deal ^^^ closer to train and in a great area. I read they have fewer students due to management handling and promoting more families.
The STPCVTA as well as Dan Garodnick's people read this blog and hear all of your concerns. The TA will make the necessary inquiries regarding whether or not the security force here at stuy town is properly staffed, and why there isn't a security presence around the oval at all times, and why dog infractions (among others) are not addressed. This is what they are here for, and they will not let us down. Perhaps if more of us paid our dues the TA could better do their jobs, but this is what it is.
PAY YOUR DUES PEOPLE!
--TA Supporter
>>PAY YOUR DUES PEOPLE!<<
Funny, I don't get a fucking cent for what I do.
>>This is what they are here for, and they will not let us down.<<
I don't know whether you are joking or not! But, let's say you are not. Garodnick's job, until his councilship is expired, is partly this community, which he and his family live in, btw. So, please don't bring up dues!
Oh, and I hear that Dan gave himself and his fellow council members over 30% pay raise this year? I'm crying already, but not for the reasons you think.
8.21AM, I believe, is not real post but is one rather cleverly written to invoke a response as per the audience of this blog.
I would assume so, with: This is what they are here for, and they will not let us down.
Just smelled marijuana in my building elevator this morning. Lovely.
There are so many bicycles traveling around the Oval that management should just get rid of the no-bike riding rule around the Oval and be done with it. You are not going to enforce the rule, so why bother?
TA supporter has to be joking. After much contemplation I did decide to pay my dues this year. What for? The TA does nothing. Why are they not addressing these issues with management? They endorsed this Blackstone deal and now they have egg on their face. At least try to put some pressure on these landlords. Dues have nothing to do with it. The TA just silently stands by and watches as this development becomes a dorm dump, free for all pig sty. The TA has been very silent these past few months. I wonder why.
Hah... pay your dues for what? It's like paying a membership fee for a gym that's been closed since before the year 2000.
There ARE no rules around here anymore. It's frustrating as anything to live here anymore. No one holds the door for you, no one talks to you, no one even looks at you. This is the most unfriendliest place I have ever lived in. This place is only a pit stop for students who could care less about anything about their fellow neighbors. Party on!
2:05 is so spot on right. It is calculated and deliberate.
Here is how PCVST was deliberately turned into a "hopeless" place for the Middle Class in 3 Headlines, 2 Mirror-image Mayors and 2 words "Goldman Sachs":
1. 2015 Closing the PCVST sale began with removing the Middle Class plaque:
Headline: How Stuy Town was won
A tale of the wheeling and dealing behind Blackstone and Ivanhoe’s $5.3B buy
Clockwise from bottom left: Jonathan Gray, Doug Harmon, Alicia Glen and Daniel Fournier
October 29, 2015 11:21AM
By Konrad Putzier
Link:
http://therealdeal.com/2015/10/29/how-stuy-town-was-won/
2. This un-progressive Mayor put Goldman Sachs in charge of all Housing including PCVST as a dutiful democratic party move in exchange for future furtherance of his own career by the democratic party:
Headline: 2013 De Blasio Taps a Goldman Executive as Deputy Mayor of Housing
Link:
http://www.nytimes.com/2013/12/24/nyregion/de-blasio-taps-a-goldman-executive-as-deputy-mayor-of-housing.html
3. These people in the 2008 photo with this caption controlled Main Street Housing and Wall Street Bailouts
"From left, Mayor Michael R. Bloomberg, Senator Hillary Clinton, Lloyd C. Blankfein and Henry M. Paulson Jr. at the groundbreaking of Goldman Sachs’s headquarters in Lower Manhattan in 2005. Mr. Paulson was chief executive of the company at the time. Credit Marilynn K. Yee/The New York Times"
Headline: 2008 Crisis Deepened the Ties Between Clintons and Goldman Sachs
http://www.nytimes.com/2016/09/25/us/politics/bill-hillary-clinton-goldman-sachs.html?smprod=nytcore-iphone&smid=nytcore-iphone-share
Gives new meaning to the April 12 2016 Garodnick Maloney victory lap.
Two words:
Goldman Sachs
They built the deal to be "Hopeless" for the Middle Class and "Hopeful" for the Billionaire Class.
Spot on, Mate.
"There ARE no rules around here anymore. It's frustrating as anything to live here anymore. No one holds the door for you, no one talks to you, no one even looks at you. This is the most unfriendliest place I have ever lived in. This place is only a pit stop for students who could care less about anything about their fellow neighbors. Party on!"
Very sad but very true. Anyone who has any time in these projects knows what it was like in the past as far as community is concerned. I've been here 18 years and when I moved in I remember thinking to myself what a wonderful community this is and that I would never leave. Nothing lasts forever I guess. Normally a post like this would make Blackstone very happy I would think but unfortunately for them I can't afford to leave (unless of course I leave our fair city).
Pay your dues? So I can continue to pay for MCI'S until the end of time? And live in a dorm atmosphere? And smell pot smoke almost everywhere I walk in this projects like atmosphere? Talk about a waste a money. That organization is useless. Sorry.
TA Supporter...
Your proposition: Pay your dues and the TA will do something for you.
My proposition: Do something for us about dogs, bikes or partitioning, and then we'll pay dues. Til then, nothing.
I paid my dues to the TA, but now I wish I could get my $50 back! The TA is worthless to tenants. It is an arm of management and as far up Garodnick's ass they'll never see the light day again. I despise the TA and Garodnick even more than I despise the shitty landlords who have been, sucked the blood, then moved on. There is nothing progressive about DeBlasio. He is an arrogant prick who is even worse than Bloomberg.
And if I'm correct, NORMANDY COURT HAS A DOORMAN, POOL, GYM. Holy Fuck, I want to look into that! lease ending and this crib BLOWS.
Student Housing was always in the StuyTown New York deal with Brookfield. Student Housing is Brookfield's and all the real estate predators current feeding ground.
https://www.linkedin.com/pulse/brookfield-set-enter-student-housing-market-420m-deal-adam-davis
It's about time for everyone in the TA to just step aside and disband. They are doing nothing more than STEALING $50 from tenants.
Also, when is Dan's term up? And how can we expect a change when one of his potential replacements is on the TA Board?
I would pay $50 to STR to keep this blog open before giving it to the TA.
I was down in the laundry room and was curious to see if I could pick up my wifi on my iPhone down there. Of course, I couldn't, but a network called "North Dorm" popped up and asked for my password.
Thanks Rick. Thanks for lying to us and to the TA (who probably knew anyway) when you said you were not going to be marketing to students. This property is primarily a dorm and secondarily a residential property.
What did you say?
https://www.nyu.edu/students/student-information-and-resources/housing-and-dining/on-campus-living/residence-halls/grad-housing.html
http://gsas.nyu.edu/page/grad.financialaid.mhp
https://www.stuytown.com/no-fee-apartments-nyc/apartments-near-baruch-college
Student Amenities at StuyTown:
Among our students’ amenities, the Oval Study and the Oval Cafe are quite popular with our many student tenants. The Oval Cafe offers a tasty menu, comfy seating, and free internet over Wi-Fi. The Oval Study is a quiet retreat from the city’s hustle and bustle, great for Baruch College students to learn in a relaxed and comfortable setting. The study also provides free internet Wi-Fi and many business resources, including internet kiosks, a private conference room, and hundreds of books, magazines, and newspapers to borrow!
Students can also enjoy movie screenings, sport screenings, food festivals and take part in basketball, volleyball, paddle tennis, and bocce court, all available on-site for our tenants.
https://www.stuytown.com/no-fee-apartments-nyc/apartments-near-baruch-college#Section3
Peter Cooper Village and Stuyvesant Town, Great Apartments near Baruch College:
StuyTown (formerly known as PCVST) is set amidst 80-acres of green space that offers tranquility and plenty of pet-friendly walking paths, playgrounds and sports courts.
These apartments near Baruch College feature newly-remodeled spacious apartments that come with upgraded finishes, new stainless steel appliances, hardwood floors, high-ceilings in the living rooms, bedrooms and dining area. Over-sized bedrooms feature walk-in closets, plenty of storage space and are big enough to fit a king size bed with plenty room to spare.
https://www.stuytown.com/no-fee-apartments-nyc/apartments-near-nyu
These are all "live" links, btw.
I heard Rick say they stopped marketing to students. I'm shocked!
3 bedroom 1 bathroom dorm apartments advertisements just posted tonight! Is that legal to have three bedrooms and one bathroom?
3BR at 8 Stuyvesant Oval
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
Favorite Save to Favorites
3 Beds 1 Bath 1,148 Sqft Immediate Move-In
Listing Posted 50 mins ago
19 Oval is all DORM!
https://www.renthop.com/listings/8-stuyvesant-oval/07-b/7535672
https://www.renthop.com/r/listings/photo?p=https://photos.renthop.com/2/7535672_a67827642396bbf7268437af87685fbb.jpg
3BR at 14 Stuyvesant Oval
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
Favorite Save to Favorites
3 Beds 1 Bath 1,148 Sqft Immediate Move-In
Listing Posted 1 hour ago
3BR, 1BA at 430 East 20th Street
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
$5,778 Per Month
100 HopScore
11 mins ago
StuyTown Apartments
Check Availability
3BR, 1BA at 540 East 20th Street
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
$5,643 Per Month
96.8 HopScore
33 mins ago
StuyTown Apartments
3BR, 1BA at 281 Avenue C
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
$6,719 Per Month
94.8 HopScore
40 mins ago
StuyTown Apartments
I think there is a law or a ratio requirement of a certain number of square feet per dorm occupant that StuyTown is violating in 19 Oval.
They had to have gotten approval from the NY State Dorm Authority. Where is that paperwork?
September 26, 2016 at 11:30 AM
That's exactly the same way I feel and am sure many others as well. I feel soo isolated now. It's soo sad.
Could it be that we (real tenants) have been LIED to? Would BS, the TA (with it's own bs), Dan-the-Man and DeBozo have LIED to us tenants who thought we had rented in a nice middle-class, well-run, safe and peaceful RESIDENTIAL community? Well, I'll be darned! Who'da thunk!
I don't know why the TA does change its name to the MA or the DGA. Or, better yet, The Liars Club.
As I strolled through much of Manhattan today for work purposes, can't help but notice the island is gearing now towards majority student life. Universities getting larger, dorms growing in building occupancy by the minute and even commercial real estate would prefer it so.
Students are chock full of cash, ready and able for franchises on every corner and come and go, never complain. Landlords love em. The parents have the tuition and rent roll saved for almost a decade and will pay through the nose to have them here in our city. Face facts folks. This will only get worse and in five years Manhattan will be predominantly students.
Technically they could say they stopped marketing to students (as in going out proactively and trying to garner students) but their own website has information for students, as is shown. NYU? Baruch? So they are "marketing to students".... All this comes up immediately on Google, btw. You have to be an idiot student not to check this out if you are interested. As the saying goes, "It's not nice to fool Mother Nature."
Rick who? Oh yes. The "silent" manager of this dump!
Rick is not silent as far as I know. He's around occasionally on the Good Neighbor table on the Oval and responds to emails.
I was just listening to the news concerning a deadly fire in the Bronx this morning. A veteran firefighter was killed. Later updates have stated that the house was a pot growing "facility" and it is believed that students from some of the neighboring universities were involved in the enterprise.
This makes me wonder what is going on in the dorms here? We have already had a major, but not deadly, fire in one building. An apartment was gutted and neighbors' property was damaged by smoke and water. The culprits were students who had been a pain in the ass to tenants on their floor and above and below them for quite a while.
This makes me wonder about the safety issues of having these buildings used as dorms, particularly the safety of innocent tenants who moved in here - whether recently or long ago - believing they were moving into a safe and reputable residential property, well-managed and well-maintained. Will our renters insurance increase because of the dormification of the property and all of the safety and security issues involved? What insurance company will hesitate to raise the rates, or simply refuse to provide coverage, when the renter is living in a place with overcrowded, unsupervised undergrads whose behavior is often very wild and booze (and probably drug) fueled?
IF we had a tenants association, this is something that they would take up with management on behalf of the tenants. Alas, we are no so fortunate. If we had a Councilman who gave a damn beyond the money he makes, he or she would take this concern seriously. Again, we are not so fortunate. We have NO representation whatsoever at any level.
There is probably a lot of illegal activity going on with all of the "flex" apartments and the underage drinking and the very obvious pot smoking. I don't care if students (or anybody else) drinks and drugs themselves to death, I really don't, just so long as they don't endanger me and my regular tenants neighbors. The elderly are particularly vulnerable here because in the event of a fire or explosion, they cannot get out as fast as the younger folk. We know that apartments are dangerously overcrowded, electrical circuits are dangerously overloaded (and circuit breakers can be deliberately jammed so as not to trigger when there is an overload), so I think it is a matter of when, not if, we have a catastrophic horror show caused by Managements determination to subject us to the dorm life. On a real campus dorm, drunken and drug impaired residents can be dealt with by people who are aware of what goes on and what to expect. We don't have any of that kind of safety built in here. Public Safety is not here to babysit the undergrads and they don't show any interest in any kind of antisocial or dangerous behavior that they are made aware of.
the guy with the fake tan who hands out earplugs and valium - take them both. you'll need it if you live here and are not on the top floors.
Anyone know which building they are planning on demolishing and transferring air rights? Is it PCV for the Chinese Hotel?
The 2006 Stuy Town offering memo also includes a short statement regarding air rights, a big question mark looming over the current deal. The document cites “an array of income-producing structures” that could be built at Stuy Town, such as retail and parking, and mentions the possibility of demolishing one of the residential towers, in which case “air rights could be applied to the creation of additional units in a newly constructed building.”
http://therealdeal.com/2015/11/09/this-2006-stuy-town-memo-predicted-money-wonderland/
Well said.
I don't know why the TA does change its name to the MA or the DGA. Or, better yet, The Liars Club.
Oh so slick. They are still marketing to students all over the internet! So that is a lie. Did he say they stopped "leasing" to students? Did he say they stopped "housing" students? Did he say they unregistered with the State as a "student housing" place? Can we class action suit using all the marketing to students on the internet that management says they stopped but all evidence is to the contrary and is putting our lives in danger with the strain on the infrastructure and entirely ruining our quality of life rights to a safe and secure peaceful enjoyment of our homes? Don't his lawyers co-write and review all his statements before he speaks making it a deliberate act to deceive residents when he says Blackstone is not "marketing" to students?
Pay your dues!
Don't bother. Dan feeds his puppet TA.
http://council.nyc.gov/html/budget/database.shtml
"STPCV Tenants Association Foundation, Inc."
2017 - $25,555
2016 - $25,555
2015 - $12,000
2014 - $ 8,500
Dirty, filthy REBNY money gets "contributed" into Dan's slush fund, then quietly laundered into a TA slush fund, purportedly to "educate" tenants.
Is that all it took for the TA to betray us?
Let's never forget how well conniving Dan and his puppet TA kept their middle class PCVST neighbors/constituents uninformed, misinformed and dis-informed for years while they schemed to needlessly deliver EVERYTHING PCVST, including our homes, right back into the claws of Wall Street/REBNY predators fully realizing Speyer's failed business plan raking in multiple billion dollar windfalls permanently booting the middle class out of PCVST.
>>The 2006 Stuy Town offering memo also includes a short statement regarding air rights, a big question mark looming over the current deal. The document cites “an array of income-producing structures” that could be built at Stuy Town, such as retail and parking, and mentions the possibility of demolishing one of the residential towers, in which case “air rights could be applied to the creation of additional units in a newly constructed building.”<<
We shall see, but air rights in ST or PCV seems off the table.
Air rights in using them here, of course. The rights that will be sold are from here, however.
There is an illegal hotel operation in an apartment that is leased to a foundation that was reported a while back. Management is leasing to foundations instead of permanent residents and it is a money maker for those running illegal hotels.
Is the STPCV Tenants Association Foundation, Inc leasing units?
Or is the money going to "training" students who are here working with management?
What is the purpose, mission, reason for this "foundation" the Tenant Association is operating?
What is the foundation for and what is the foundation using the money for? Aren't foundations supposed to be nonprofit? Why did the Tenant Association open a "foundation" and did they do it the same time and with the same lawyer as the Mayor opening his Campaign for One New York?
The foundation is non-profit, I believe. From the looks of it, the foundation doesn't seem to be doing anything illegal, but is merely doing what other foundations/groups are doing in the city, ie, something for tenants.
If they rent arparemtns at fair value and not overinflated as is now normal people would rent, families and professionals. they do not as they do not want us. they want nYu and kids and students only.
In my 35+ years here, I have seen a first over the past few days - homeless people picking through the garbage cans in the property. Three separate times in 4 days. This can be blamed on DeBlasio, but also PS. Where are you guys?
Again, this is my take:
They want families as long as the families can afford base rent. They will charge "preferential" rent, but unless the base rent is too high, they will settle for "market value," whatever that can be. (By now, people should know the difference between preferential and base rent.)
They would rather have the stability of renting to families at market value than dealing with students continually. Obviously, they want these families to afford the market value pricing of Manhattan these days. The "poor" people who still live here: they are dying off steadily. That problem will be solved by time.
HOWEVER, student rental is part of the game in this city and they (management) wants these apartments filled. Students, with their turnover, increase the base rent of an apartment, which management has to love. So...on one hand they love students, but hate them at the same time. LOL.
The fact is that management (and this doesn't mean a particular management) wants this place to run smoothly, with it as the boss. They do not want trouble, whatever it is.
The TA should be around as a potential adversary and to stand up to the excesses of management. As this point, who is the TA standing up for? Where is some of the work that individuals are doing, but not the TA? I think we can see how this property has gone (over half of the apartments are now out of true RS safety), so the TA, which should be blaring such information, is playing nice and buddying up with Dan Garodnick, who is into his third term as councilman despite being officially against third terms for councilpersons. Dan sees where this city is heading, and that's why he is a friend of the REBNY, while at the same time for tenants! He is active in the middle zone quite well and should go far, unless someone else heads him off at the pass.
That's where we are.
>>PS. Where are you guys?<<
This is another posting. Management is looking at the "bottom line" and doesn't want to overspend. But maybe you will see PS once in 15 minutes as they go around in their mopeds?
Blogger Stuy Town Reporter said...
Rick is not silent as far as I know. He's around occasionally on the Good Neighbor table on the Oval and responds to emails.
September 27, 2016 at 5:08 PM
Get real STR. He hasn't done one good thing for this place! He is full of *@#!.
>>Get real STR. He hasn't done one good thing for this place! He is full of *@#!.<<
Ah, but he is around. He and his family live in Peter Cooper, unless there has been a recent change. He makes the new "rules"... Whether they are enforced is another thing. He is also available to tenants via email. I can't say that he hasn't done good for his community at all.
This place has gone steadily downhill, though. My perception. Maybe it is yours.
You need a ball-buster in charge. I wouldn't last long working for Blackstone in this community, that's for sure!
I see that we are very friendly and that now the TA on its Facebook has a major promo for Baruch! I realize what the intent is, but seriously....
Speaking of Baruch:
http://www.hotigloos.com/student-housing/for-rent/ny/manhattan/baruch-college/
http://www.apartmentfinder.com/Off-Campus-Housing/New-York/Apartments-Near-Baruch-College
http://www.spiregroupny.com/ying-huang
http://www.cssanyu.org/bbs2/forum.php?mod=viewthread&tid=101869
I really don't think that Blackstone's ultimate goal is to rent to families. They know that most families will not pay these excessive rents to live here and if they do move in, they price them out after a year. Their goal is to make money and that means churning out dorm and hotel apartments. As for Rick, he is their PR machine. From what I understand he kibbutzes with the older tenants and once in a while solves an individual issue. That placates some of the tenants here. One of my elevators appears to be permanently padded for moving. That tells you what Blackstone is about.
You nailed it 9:05 am.
This place has been ruined FOREVER, and there is no turning back. FACT!!
sure do have plenty of cash to spend on flowers though but not on safety or plumbing.
Ultimately, Rick is a nice guy that is just doing his job. The problem is that he works for a company that has $365 billion in assets (per their website).
Churn baby, Churn! That's what it's all about.
>>This place has been ruined FOREVER, and there is no turning back. FACT!!<<
I can't say that I disagree with this assessment. Technically, we could turn back a few things, but does management have the balls to do that? Hardly, if you look at the evidence.
@September 28, 2016 at 9:05 AM
"As for Rick, he is their [Blackstone] PR machine. From what I understand he kibbutzes with the older tenants and once in a while solves an individual issue. That placates some of the tenants here."
Rick adopted Garodnick's PR strategy falsely conflating job approval from a dwindling senior PCVST resident demographic with approval by all PCVST residents.
Hey there Rick - wanna spend a couple hundred thousand less on flowers and potting and pruning and help out the tenants and the infrastructure??????????????? nah, probably not. typical.
"Ultimately, Rick is a nice guy that is just doing his job."
Well sure but you can say that about 100% of the population or the recent example of 5300 people at Wells Fargo who may also be nice guys just doing their job.
5,300 Wells Fargo employees fired over 2 million phony accounts
http://money.cnn.com/2016/09/08/investing/wells-fargo-created-phony-accounts-bank-fees/
http://arstechnica.com/business/2016/09/wells-fargo-ceos-have-bonuses-slashed-as-feds-investigate-and-employees-sue/
The Tenant Association Foundation was set up in 2010 for expenses incurred in our work to put together a conversion that was announced in the 2011 Brookfield Partnership agenda. It is for us to buy our apartments and there are still incurring-expenses because to get a plan so we can buy our apartments takes a lot of work and expenses.
"CompassRock goes out of business after losing Stuy Town contract"
http://rew-online.com/2016/09/28/compassrock-goes-out-of-business-after-losing-stuy-town-contract/
"CompassRock goes out of business after losing Stuy Town contract"
This would be a cause for celebration if questions are not asked. Did the higher ups at CompassRock take the money and run? What is happening to their workers? Someone made money on this deal.
Of course, CWCapital is very much alive. For now.
Part 2 of Guterman's comment.
I would also be concerned about my firm’s in-ability to have highly professional environmental experts inspect the portion of the property that I believe is sitting on a registered, contaminated, parcel of land for which the “seal” has be broken and soil has been moved. I believe that it would be necessary to receive the results prior to closing, so we are able to determine what ongoing safety concerns we should immediately address.
Finally, why would my auditors tell me that it was unrealistic for my firm to expect a thorough review of 11,232 separate leases (for 11,232 separate apartments) together with an audit of rent increases during the period that CW controlled ST/PCV, in seventy-five days? After all, don’t I understand that CW is a mortgage lender’s servicing agent, with limited New York City Rent Stabilization and Rent Control experience.
Wouldn’t we also require a review of capital improvements completed by CW and the amounts charged to the tenants, as well as the effect of the New York Supreme Court mandated extension of the Rent Stabilization encumbrance on the property to the end date of the J-51 tax abatement? Wouldn’t we want it all within the seventy-five days prior to the Closing?
Looking at all that has happened to the Property during CW’s reign over the last eight years, I have to admit that I would be concerned with CW’s well thought out policy to “skirt” the Rent Stabilization Laws and building codes.
These laws and codes appear to allow apartments vacated for any reason to be put into college dormitory use, thereafter installing “false” walls in order to increase the number of adult occupants and encourage college students to rent for the college term and vacate at the conclusion of the term or slightly thereafter.
These laws and codes that would allow management to add a 10% “vacancy” sur-charge to the legally stabilized rental increase, so that during these last eight or so years, approximately 5,000 of the formally stabilized apartments, when adding the recurring vacancy extra-charge every year or two, would lose the protection of Rent Stabilization in a relatively short period.
The result would then allow the new owner to agree to “limited income” housing, with that same owner able to receive a significantly higher rental than that which would have been available through Rent Stabilization.
The question I have is, did the new owner install a highly skilled administrative group to review and tie in all of the previous leases including the increases, to be sure that those increases do not exceed the maximum allowable amounts. Probably not. Another unnecessary worry that I must get use to putting on the side.
One “last” also. I admit that I would not be able as CW was, to get the building department to make inspections of each “re-walled” apartment and especially, get the building department to allow the apartments that received the temporary walls and therefore an increase of at least three times the previous number of adults and adult weight, to not stop this mass change to the buildings structural and life safety systems.
My firm would not have been able to get the building department to ignore the obviously increased dangers to the elevators and elevator systems, especially the elevators inability to carry the vastly increased number of people or vastly increased weight. The building department would have surely told my firm, that if such an emergency occurred, even the stairwells as currently configured, would not be sufficient to accommodate the safe movement of the increased number of residents, if forced to vacate the buildings in mass.
part 3! of Guterman:
Lastly, what is official position of the City Administration concerning the “artificial loss” of the Rent Stabilization protections to 5,000+- New York families?
Will the vastly but artificially increased rents, be a fair substitute for the Rent Stabilization protections to New York families?
All of this would worry me, because that is how I would look at the property and the sustainability of the “off the cuff” modifications to New York City’s laws.
Therefore, I really need to better understand the thinking of Blackstone, so that I can “upgrade” my own thinking to accommodate today’s business practices.
Gerald Guterman
What happened to Part 1 of Guterman?
Blackstone kept all of the Compass Rock employees. That's nothing new. As each management company that has come in has kept most workers and brought in their own managers.
Nice guys finish last! AND, there's a sucker born every minute!
STR, what happened to the links to the other blogs (EVGrieve, TA fb, etc.)? They just disappeared.
My neighbor still continues to slam their prison door despite the warning sign in the elevator. Nobody cares about anyone else that lives around them. So much for those useless signs Rick!
>>STR, what happened to the links to the other blogs (EVGrieve, TA fb, etc.)? They just disappeared.<<
Don't know! Perhaps a Blogger temporary glitch. I will check a day or so later.
Stuy-joke-town.
Write your own sign. Paint one and post it in the hall or near their door. Ask nicely, dear neighb please stop slamming.
"My neighbor still continues to slam their prison door despite the warning sign in the elevator. Nobody cares about anyone else that lives around them. So much for those useless signs Rick!"
My downstairs neighbors slam their doors all the time. I am often woken up by them slamming bedroom and bathroom doors in the early hours of the morning. What's so hard about turning the knob and closing the door quietly?
As for Rick's signs - they mean nothing. There is no enforcement of any of the "Good Neighbor" rules, so they are just a sham.
September 29, 2016 at 10:01 AM more likely the blog site is compromised and tracked. It means they are scared of the truth getting out and they want to shut us up.
More likely it's a glitch. Why get rid of something so innocuous?
It's gonna take a day or so.
As for Rick's signs - they mean nothing. There is no enforcement of any of the "Good Neighbor" rules, so they are just a sham.
Actually, the no enforcement of the rules can be a big win for tenants if one decided to take management to court. If they have rules they have a duty to enforce them or they could be held liable.
Conspiracy theorists abound!
I think I'm going to call Rick and Blackstone's bluff and call major BS. I think I already did this in a way, but now I still see the continual presence of speeding bicycles around the Oval and large-size dogs being walked. I also see the Thursday Good Neighbor table! This night I saw seven speeding bicycles around the Oval and two large-size dogs. If PS is around, they certainly aren't at the Oval outside where I was.
There is no change. Nothing for the better and most people seemed adapted to the new way of things. They don't know, cause nobody tells them, or they don't care.
In this way, management has won. The TA is mostly useless, aside from periodic bitching by some members.
Real sad, we have friends here, our kids have friends, their school is here and we have to move. Rick and BS are raising our rent so much, it's too high to live here. May they all go to hell.
To me the good neighbor signs were always Blackstone's statement that "Sorry, folks, the students and transients are here to stay ,but we are making an attempt to tell them the rules. Very deceptive and very lame as they don't enforce anything. It is all a big PR crock. I can't stand their signs and e-mails.
Conspiracy theories are ringing true. It must be really bad. Mr Bharara says the case details are "gory" a.nd SUNY just scrubbed Kaloyeros name and photos entirely off the SUNY website everywhere
SUNY ruined PCVST. PCV is almost all dorms.
Stuytown SUNY Downstate | College Student Apartments
collegestudentapartments.com/property/stuytown-new-york-new.../226867-11371/
Browse SUNY Health Science Center at Brooklyn housing listings, like 'Stuytown' to find the perfect SUNY Health Science Center at Brooklyn apartment or ...
Across the river the Bridgegate "Political revenge" conspiracy theory was just admitted to in court by Christie's former top aides and not the "traffic study" the Supreme Court Judge nominees tried to say. Cuomo's Close Pal across the river may be up the river and NY former top aide Percoco and SUNY Kaloyeros are next in their cases. Too bad SUNY StuyTown is not part of the case. Yet.
NEWARK — Before Gov. Chris Christie's top appointee to the Port Authority told lawmakers the George Washington Bridge lane closures were part of a traffic study, he was prepped by the governor's one-time pick for the state Supreme Court justice and Christie's future chief of staff.
David Wildstein -- who pleaded guilty to federal crimes related to the Bridgegate scandal and testified the traffic study claim was a bogus cover -- told jurors Thursday that Phil Kwon, a former nominee for the state Supreme Court, and Regina Egea, who would later serve as the governor's top aide, helped prepare Bill Baroni for his testimony.
Baroni, the former Port Authority deputy executive director now on trial for federal crimes related to the September 2013 lane closures, told lawmakers in a November 2013 hearing that the gridlock was result of a traffic study.
That claim was later refuted by Wildstein and federal prosecutors, who charge the closures were an act of political revenge against the mayor of Fort Lee for not endorsing Christie's re-election bid.
Compass Rock, Blackstone = same thing. Same shit with different name.
September 29, 2016 at 12:27 PM
What building are you in? I have the same problem.
Next time I see my neighbor slam their door, I am going to slam mine "harder" on purpose, just to show them what it "really" sounds like. Maybe they will get the hint!
>>Real sad, we have friends here, our kids have friends, their school is here and we have to move. Rick and BS are raising our rent so much, it's too high to live here. May they all go to hell.<<
This blog is anonymous based on choice, so you can tell us what the price was and what it will be.
These big rent increases are going to the Blackstone offshore bank account in the Cayman Islands as an earlier commentator posted. de Blasio and deputy Mayor Glen gave Blackstone big tax breaks and free loans on top of de Blasio's DOB and DHCR deregulating 3/4 of the apartments. Tax breaks, illegal construction and Offshore accounts is the de Blasio Glen way of doing Wall Street City Hall "private public partnership" business. Use public resources to enrich private companies who invest $0 in the community and infrastructure like raises for NYPD, teachers. de Blasio does not deserve another term. Vote for anyone but de Blasio.
September 28, 2016 at 12:12 AM seems the Tenant Association Foundation opened the same time as the Committee To Save New York non-profit was formed. The Campaign for One New York non-profit was formed shortly after. The Committee to Save New York non-profit and the Campaign for One New York non-profit have already been shut down while under questions of illegality.
September 30, 2016 at 9:00 AM or give the percentage increase so management trolls don't further retaliate because they will be able to figure out who you are by the exact rent amounts but if you give the percentage increase or rounded numbers that will maintain anonymity and your safety from a management corporation that cares more about their PR effecting the bottom line profits than your family safety.
I found Public Safety! They do exist! I was driving around last night looking for parking, and the moron driving around in car #7 decided he needed to tail me because I was only going 15MPH. I later found out what the rush was, when I saw him chatting away with PS van #1 and #9 in the 14th Street loop.
I wish I could have trapped him and gone slower, but he rushed out onto 14th Street to get around me.
I got a name of a higher up at the former CompassRock and sure enough he is working for this complex still. Will check some others. PS: I can't out them at this time, btw.
Another top fellow at CompassRock, now working here for Blackstone. LOL.
And... David Woodward, the president and founder of CompassRock. Where do you think he works now?
https://www.kossresource.com/dwoodward
LOL.
I have seen Fred Knapp on the property, so you don't have to worry about outing him, I know he's still here.
Guys and gals, it's hopeless! At least we can have a good laugh if we are so inclined!
Woodward has a sordid history:
http://www.chicagobusiness.com/realestate/20120328/CRED03/120329779/laramar-sues-ex-ceo-over-loan
Blackstone and Compass Rock are very sordid enterprises. We should not expect anything good to come from Blackstone's regime here. They are a notoriously dirty organization. Sadly, I think our so-called TA is becoming corrupted as well. The TA is secretive, obtuse and dictatorial. It never was that before they got that "ownership" gleam in their eyes. Garodnick had much to do with that. I hope he is never elected to office again. Same goes for DeBlasio. He is dirty.
Brookfield was partnering up with the TA to buy this place. This, if it had come to pass, would have been priceless. The president and founder of CompassRock on the same team as the company that buys Stuy Town and Peter Cooper Village. Dan would have been proud!
Don't mistake Brookfield with Blackstone, however. Two different organizations. Brookfield, which now has Woodward, was hoping with the TA to buy this place.
Thanks for the info, STR. I thought Woodward had joined Blackstone. Actually, I think they all sleep in the same bed and piss in the same pot.
10:31 ? why would the poster care what management thinks or retaliates with? Poster is likely gone or going soon.
Brookfield, which now has Woodward, was hoping with the TA to buy this place.
September 30, 2016 at 1:34 PM
Disgusted.
BTW, tomorrow's Stuy Town flea market has been canceled due to bad weather. It's going to come up in the spring of next year.
Until tenants know all who teamed up and or invested in 2006 we can't rule out collusion by all of REBNY from the onset.
City Hall and DOB take care of their own. Tishman Speyer and possible tenant BlackRock new $3.2 Billion Tower.
http://therealdeal.com/2016/09/29/tishman-speyer-files-plans-for-3-2b-hudson-yards-tower/?utm_source=internal&utm_medium=popular_widget&utm_campaign=posts_popular
Now that CWCapital Asset Management Compass Rock Woodward is officially at Brookfield it explains why we got screwed with MCI negotiations for dorm security. As we were told:
“With Brookfield on our team, CWCapital, the entity representing the senior bondholders of the property, will find it extremely difficult to ignore us.”
6:04 PM: I don't understand the point you are making. Could you please forgive my ignorance and explain? Thanks.
Calling All East Side Runners
The East River is great is because the waters are not congested with traffic like todays city streets and yesterdays old historic photos of the rivers are. That is until the NYC "Economic Development Corporation" chaired by Councilman Garodnick puts in his ferry docks and ferry system.
It is a system that was determined to be a disaster 50 years ago but will make a lot of money for waterfront real estate developers who are running the NYC "economic development corporation with Councilman Garodnick. The NYC EDC aren't building the economy but they are making themselves richer and building their own wallets and stock portfolios.
Who does the NYC EDC work for? It is not public service. It is not building the economy. It is more of the failed trickle down crap they have been pushing for 50 years on our parents that they want to keep pushing on us.
All StuyTown Runners let's start a petition to save Stuyvesant Town Cove from becoming a transit hub by the 20th Street Ferry Dock the old Councilman is putting in. The Ferry dock is good for the real estate developers. It is bad for the river, bad for the environment, bad for the economy, bad for East River Esplanade Runners.
Our generation is for keeping the World's Water Rivers Lakes and Oceans clean and not going back to repeat the crowded boats in the harbors of 100 years ago.
Out with the older politicians and polluters and in with the new fresh ways of thinking! New younger politicians and new, cleaner transportation!
Let's have a Run to Raise Awareness to save Stuyvesant Town Cove and the East River Esplanade Run.
Our noble councilman would probably show up for for a run against his own ferry project, if it meant a good photo opportunity.
"Our noble councilman would probably show up for for a run against his own ferry project, if it meant a good photo opportunity."
And guess who would be standing right next to him, beaming into the camera? The ubiquitous Susie, who never misses a photo op with the politicians! She'd probably cuddle up next to Donald Trump if he came over to address the unwashed morons that all politicians (and Susie) think we are. I wouldn't mind if the TA/TB actually worked FOR instead of AGAINST the people they are supposed to represent. Slimy Dan, please go away and stay away. Please.
Unless the ultimate plan is to get rid of the Playgrounds and until they build the luxury condo-hotel towers for whom they likely promised a Ferry stop, the Ferry Transit Hub should go through a commercial or industry area so we don't have masses of stranger foot traffic coming through our Playgrounds. It does not belong at 20th street at this time or ever since 23rd street is a better option but still not a good option. It negatively impacts this residential area and is a threat to our Middle Class family lifestyle and a threat to our security.
Suitcases coming and going today. I bet our politicians and their family members own Airbnb stock.
"It does not belong at 20th street at this time or ever since 23rd street is a better option but still not a good option. It negatively impacts this residential area and is a threat to our Middle Class family lifestyle and a threat to our security."
And Garodnick and Co. don't give a flying fuck about all that because it is not planned to benefit our community; it is planned to benefit the coffers of Garodnick and Co. who are owned by REBNY. Sadly, I think we can include our so-called TA in that group.
The spin on the greed by developers, calling it "gentrification" is an outright lie. Gentrification is renovation of deteriorated urban housing. These greedy developers are tearing down perfectly good housing and buildings. That is not gentrification it's nothing more than common greed and wasteful.
Sure do hope they open up and use more of stuytown for welcome centers and brokers and bros. Every time I walk I see more and more of this. Just open it as NYU campus and get the fuck over with already.
I agree with 8:37. They might as well make this a campus. Last night next door neighbors must have slammed the door 6 times.
My downstairs neighbors come home at around 4 am every morning and slam the doors several times before quieting down. I don't know if they are students, but I do know they are annoying!
I would pay for just 6 slammed doors. Us? in the past half hour, at least 5 times. In, out, in out, hang out in hallway, in out, slam and slam. Fuckin losers.
Slammed doors should be reported to PS. Yes, I know.
I don't think PS can do much about slammed doors unless they (PS) stand around for a while and hear them.
FWIW, I am a longtime tenant and when I moved in 36 years ago there was a family on my floor who slammed (and I mean SLAMMED) their doors all the time any time of day or night. They were a very large family with extended family in several different apartments and the neighboring building and would come and go all day and night. We just had to put up with it because saying something to them would definitely have caused bad blood considering the nationality and disposition of the people (can't get specific and not get into trouble!). They were a very warm, friendly family and very good neighbors, otherwise. But they were noisy! Always shouting, arguing, yelling and slammed the fucking front door at least a dozen times an hour!
The point I'm making is that people will be people and it's not just the newbies and the students. Door-slamming is not a new annoyance in Stuyvesant Town.
Campus Campus Campus Stuydorm is here to stay.
I can't make heads or tails of this, but Stuy Town/Peter Cooper is mentioned, as well as Blackstone and Ivanhoe.
http://www.thestar.com.my/business/business-news/2016/10/01/when-will-the-property-market-pick-up/
A horse is being led around the Oval. No, sorry, make that a dog!
Excellent work, Blackstone!
And what is that I see? A bicycle roaming the Oval, on alert for any PS officer?
Make that another bicycle around the Oval even as I write this!
Security ,bStone,and probably rick has admitted that if we want better this, better that, we, the tenants will have to pay up for it.
do new yorkers know how corrupt nyc really is?
"do new yorkers know how corrupt nyc really is?"
YES, we do!!! But what can we do about it? At every election we are given a choice between one crooked bastard or another crooked bastard. The decent candidates don't make it out of the primaries alive, e.g., Zephyr Teachout. Donald Rump is probably right when he says the system is rigged, though he is just pissed that it isn't rigged in his favor.
Almost got run down on PCV Road one recent night by 2 delivery bikes racing each other out of PCV
Let's see.... Tuesday morning. One bicycle already seen ridden around the Oval. Workers trying to patch up all the pruned-to-dirt areas of the Oval grass; other workers trying to fix and install the new lighting for the Oval Fountain....
Just another day at Stuy Town!
Personally, I think the puddles and stench of piss everywhere is a bigger issue than the bikes. 4 1/2 years until I can get out of the projects. Does anyone think that there would be a possibility of a buy out for real R/S tenants?
Ready for more MCI on the way? They are coming .
Buyout? Since we don't own anything, what's more likely is that you will be owing money to management when you leave.
Don't worry. The TA will fight the MCI charges just like they always do.
"Don't worry. The TA will fight the MCI charges just like they always do."
That's funny! It's all smoke and mirrors and sleight of hand with the "TA." I think they cut a deal with Management that is beneficial to themselves, but not the tenants.
Hmmm if the ta does fight anything, how about the bogus upgrade 'taking all rents up to over $3600.00' a month scam? hmmm How about it? How about you look into the phony Dhcr collaboration? how about you look into that?
I can't imagine how the TA can show their faces at another tenant's meeting after the results of their deal with Blackstone become apparent. It is interesting that they have not called a meeting in a long time. I did not attend the last one. I am sick of all of the cozying up to management by the TA and the politicians and the failure to address what this place has become--a dorm/hotel dump.
What TA?
"Buyout? Since we don't own anything, what's more likely is that you will be owing money to management when you leave."
I was semi joking when I wrote that but you did kind of lose me there STR. The only reason there would be a remote possibility of a buyout is BECAUSE we don't own anything. If we were all millionaires because we owned our places (you remember the TA bullshit) then we would all simply sell our places privately.
The TA, Dan, and DeBlasio all think we are fools. How can they possibly say they saved affordable housing?
As per Peter Stuyvesant on the TA Facebook page, when a RS apartment vacates, they are renovating that apartment to become one of these new "platinum" apartments that they can rent for a lot. They then take an older renovated apartment and turn that over to the "affordable" housing lottery for only $3600.
On what planet is $3600/month affordable? Karma will come back and haunt Dan, Susan, the TA, etc for this deal.
October 3, 2016 at 8:04 AM make of it the same thing you make of this Stuytown is at the heart of the China General Chamber of Commerce
#1 Wells Fargo #2 Blackstone #3 Bank of China SL Green One Vanderbilt / Deutsche Hudson yards Stuyvesant Town News from the China General Chamber of Commerce #4 another Blackstone #5 Eastdil Stuyvesant Town deal mention#6 Wells Fargo Tishman Speyer and the biggie of them all #7 Signature Bank tied to big Florida Ponzi scheme and NY Riverton scandal.
This is a list of who's who in global money "movers"
Our little middle class bastion is the eye of a global storm
China General Chamber of Commerce
http://www.cgccusa.org/congratulations-to-two-cgcc-members-on-making-the-50-most-important-figures-of-commercial-real-estate-finance/
Signature Bank
http://www.nytimes.com/2016/02/24/business/dealbook/signature-bank-sued-over-connection-to-ponzi-scheme.html
StuyTown is the #1 deal mentioned too by the China Chamber of Commerce.
When I move out of my not renovated apartment, they'd better not try to stick me with any charges to put things back to as they were. I know they are going to gut it and renovate it to a "Platinum" unit. We will have to go to Court if they try to stick me with a bill for anything. At my age, I don't give a flying fuck about my "credit rating."
I agree with you 3:16. We have our TA to thank for all of this.
"I agree with you 3:16. We have our TA to thank for all of this."
What does the TA have to do with this?
At 4:48. They guaranteed affordable housing. $3600/month is not affordable housing. The TA is the worst of the worst. No better than Dan, DeBlasio, etc.
FYI - I just saw Susan Steinberg walking on 1st ave between 15th and 16th with younger students in tow. Is she now giving tours for the leasing office? I wish this was a joke!
4:48
The TA likes to make it look like they are relevant every few years. They stood front and center with DeBlasio and Dan to brag about this crappy affordable housing plan. I would say the TA has a lot to do with it.
The TA has been working with SUNY students too for years.
LOL
what is all this bitching about door slamming. anywhere you live in the city you'd be equally susceptible to being disturbed by doors slamming--more, in many places. It adds nothing to your contention that this is a worse living situation than anywhere else in the city.
You're just a bunch of whiny brats.
>>LOL
what is all this bitching about door slamming. anywhere you live in the city you'd be equally susceptible to being disturbed by doors slamming--more, in many places. It adds nothing to your contention that this is a worse living situation than anywhere else in the city.
You're just a bunch of whiny brats.<<
LOL back at you! I love your post! "Don't you know that you live in NYC?!"
Ah, yeah, last I checked that was true, but we still don't want doors slammed. Get it, or do you want to move back to Ohio?
@ 5;02 PM: spoken like a true transplant from Flyover Land. A New Yorker would never make such a remark. New Yorkers like some peace and quiet and in some of the neighborhoods where real New Yorkers live, you might find yourself having that impressed upon your stupid head by a hammer or a boot.
There is a lot more door slamming because now there are people who are not related living together so they close their doors when they are in their dorm rooms plus there are more rooms in the "flex" two three four and five bedroom apartments so there are more doors. Related people and families don't close the doors.
5 bedroom layout has 8 doors not counting closets and kitchen.
https://www.stuytown.com/no-fee-apartments-nyc/5-bedroom-apartments
I hope they are all going to pay the MCI for each room and spread the pain a bit. So sick of this lousy place. Wish I could afford to move out, but I am a senior and stuck here.
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