Wednesday, August 8, 2018

The Response from Jon Gray, Head of Blackstone's Real Estate Division

On June 8th of this year, I sent a very courteous letter to Jon Gray, the head of Blackstone's Real Estate division. The letter mentioned some of the problems that Stuyvesant Town has been seeing, and the photos I sent underlined what I was referring to.

Today, August 8th, I will post the response:

Nothing.

Mr. Gray certainly knew about Stuyvesant Town when his company brought it, when he met with local politicians, when he was part of this:


So that is it, folks. No response.

Just the facts, ma'am.

(If someone from his office did contact me, please respond. Otherwise...)

48 comments:

Stuy Town Reporter said...

I'd like to meet the nurses and teachers who can afford Stuyvesant Town now.

Anonymous said...

We have Garodnick, Steinberg, and Marsh to thank for all of this. Marsh got out before things got bad, and Garodnick and Steinberg have all but disappeared. Well, Susan will show up for photos, so she hasn’t fully disappeared.

Anonymous said...

Post those photographs from here to Kingdom Come. Maybe if enough people see the filthy hell that Hayduk has turned this place into, there will be fewer people wanting to rent here and more and more moving out. When revenue falls, then maybe they will start caring. The longtime tenants, the ones who they desperately want to die, are not the ones who are creating all the filth, but are the ones who are suffering from it because they care about the quality of life on the property. I hope all those folk live long and pass their apartments on to their kids! I am a MR tenant (don't tell me I am RS because it is bull) and I can't wait for my lease to be up. I will warn everyone everywhere I go that this is a total scam of a place to rent in. We have a daughter in college in Louisiana and her dorm is cleaner and safer than this dump and they have three real bedrooms and 2 bathrooms for three people. The rent is a lot lower than here, but that is to be expected in that part of the country. Even in New Orleans it would be less than here and better.

Anonymous said...

We are DONE!

Stuy Town Reporter said...

I've wanted to do this for some time. I will check all the surrounding stores for what is the best price of...milk. Just a quart, whole milk.

Today, since it was very hot and humid, I just went to two:

Associated: 1.59
Target: 1.99 (and they were out of quarts of whole milk!)

BTW, our Five Stuy Cafe, which should offer some basic items so that seniors and the handicapped don't have to walk far, does not sell milk. But you can get bottled water (the cheapest kind among a few others) for almost $2. Yes, that water that you can get for a dollar or a 1.25 is almost $2.

Anonymous said...

Even with the pictures of filth they will still have transients, students, Airbnb and city subsidized moving in. Endless pool and most do not care

Anonymous said...

Blackstone employees are criminals but the Manhattan DA is covering up for them just like he covered up for Harvey Weinstein. Cy Vance smeared the women victims of Harvey Weinstein. Cy Vance gives Blackstone the same coverage. The TA brags about a close relationship with the Manhattan DA and a close relationship with the Blackstone property management. There are serious crimes going down and a lot of other bad things going on here.

Anonymous said...

Rick's putting up huge "No Smoking In The Stairwells" signs, and encouraging residents to snitch on each other, but won't do a goddamned thing about cleaning up the dog shit, piss and other filth around the property.

Anonymous said...

Forty or so idiots waiting in the heat and humidity for the big movie feature to start on the Oval. Kids running around. A seedy degrading look to the property . I see them drinking alcohol on the Oval lawn too. Cheap, carnival atmosphere.

Anonymous said...

Stuytown dorm owner of $170million in leases in the news yesterday and today. These are the types of Grifters owning, running and setting the culture of this property now.

http://nymag.com/daily/intelligencer/2018/08/republican-party-corruption-manafort-gates-chris-collins-wilbur-ross.html

(2) Yesterday, Forbes reported that Commerce Secretary Wilbur Ross may have stolen $120 million from his partners and customers. Meanwhile Ross has maintained foreign holdings in his investment portfolio that present a major conflict of interest with his public office. (The “Don’t worry, Wilbur Ross would never do anything unethical just to pad his bottom line” defense is likely to be, uh, unconvincing to the many people filing suit against Ross for allegedly doing exactly that.)


This is unbelievable he is not in prison but is the secretary of commerce of the Untied States and Stuy Town dorm owner....thanks to the tireless work of the Tenant Association. Seriousuly this man is one of history's biggest grifters in American History.

To quote Forbes "If even half of the accusations are legitimate, the current United States secretary of commerce could rank among the biggest grifters in American history."

https://www.forbes.com/sites/danalexander/2018/08/06/new-details-about-wilbur-rosss-businesses-point-to-pattern-of-grifting/


Let us all remember who brought these Dorm / AirBNB lease owning Hotel Grifters into this community.

"I am grateful that we have finally achieved some real stability in Blackstone as our still-newish owner and for their important choice to have key staff living among us, sharing our quality of life. I am grateful for management’s clear voice and steady hand thus far. Grateful for their choice to keep long-serving staff like Bill M. and Fred K., who keep us safe and to Kathleen K. and Tom F. who keep us warm and our homes and buildings functional. For Rick H. and the new members of his team who are making real efforts to care for our community.


I am grateful for a strong and wary tenants association, which is practical and pragmatic in its efforts to protect our rights and our quality of life. (And let’s not forget that it was the TA whose years-long work with top legal and financial advisers led to the Blackstone takeover.)"

He goes on to say

"I am grateful we have our own outstanding hometown City Council member, Dan G. who, for more than ten years has tirelessly defended our community and whose accomplishments are too numerous to list in this letter."


Here is a question. What are just ten of those "too numerous to list in this letter" accomplishments tirelessly defending this community in the past ten years? That is only asking for one accomplishment a year, just tell us ten accomplishments on the long list too numerous to list in the letter. Or let's make it easier, just list 5 accomplishments tirelessly defending this community with tireless work over the past ten years.

Frankly there are no accomplishments defending this community from our viewpoint. Not one. Just a lot of leading the way for the predatory equity developers to ruin the quality of life and lives of the people and property here.

Convince us otherwise. List just 5.

Anonymous said...

20 reasons to get dirty money out of politics and to vote out corporate owned politicians. This list of biggest contributors is disgraceful.

https://www.opensecrets.org/members-of-congress/contributors?cid=N00027658&cycle=2012

Contributors 2007 - 2012
SELECT A CYCLE
2012

SELECT A PROFILE
Campaign Committee Only
Leadership PAC Profile Only
Campaign Committee & Leadership PAC Combined
$9,711,641

grand total of contributions Kirsten Gillibrand has reported in the current election cycle.
Number of Contributions from Individuals (of $200 or more): 8,731

Top 20 contributors to Campaign Committee
Top: 20
Rank Contributor Total Individuals PACs
1 Boies, Schiller & Flexner $398,164 $398,164 $0
2 Davis, Polk & Wardwell $333,100 $333,100 $0
3 Corning Inc $150,650 $138,150 $12,500
4 JPMorgan Chase & Co $145,000 $135,000 $10,000
5 Morgan Stanley $141,525 $121,525 $20,000
6 National Amusements Inc $130,450 $116,450 $14,000
7 Goldman Sachs $129,150 $109,150 $20,000
8 Blackstone Group $106,700 $99,200 $7,500
9 Sullivan & Cromwell $105,625 $105,625 $0
10 York Capital Management $99,200 $99,200 $0
11 Paul, Weiss et al $93,400 $93,400 $0
12 Simpson, Thacher & Bartlett $91,650 $91,650 $0
13 Skadden, Arps et al $91,350 $90,350 $1,000
14 Wachtell, Lipton et al $90,400 $90,400 $0
15 Deutsche Bank AG $86,606 $76,806 $9,800
16 Gibson, Dunn & Crutcher $79,100 $64,100 $15,000
17 Comcast Corp $75,375 $55,375 $20,000
18 Akin, Gump et al $74,607 $64,700 $9,907
19 Rudin Management $74,600 $74,600 $0
20 Kirkland & Ellis $71,350 $71,350 $0

Anonymous said...

You want to see our politicians hard at work?? Look no further than Twitter, and I’m not referring to the man in the Oval Office, I’m talking about each and every one of our “esteemed” councilmembers.

It’s like one giant love fest of corruption, where they each pat each other on the back for a job well done in acting on behalf of REBNY.

We are in serious serious trouble with 3+ more years of DeBlasio, Powers, and Rivera.

Anonymous said...

Must be a big culture shock to Rick to go from a resort where, probably, everybody loved his type of managing to the largest residential property in the world where [almost] everybody hates him because they don't want entertainment, but livable homes! Maybe in a resort people obey rules without them having to be actively enforced, but here the rules have to be enforced because this isn't a resort where the customers are pretty homogenous and united in their reason for being there. Very, very different from a place like PCVST. I think the poor guy is out of his depth here.

Stuy Town Reporter said...

Just an aside: It may be the humidity, but I will not pass these very long posts against many people/companies who are somehow, and I don't have the patience or the time, related to what is happening here in this community. Somehow, maybe, I don't know, and I don't care.

My firm suggestion is that you start you own blog and publish these things. Good luck.

Again, it can be the humidity, but I just don't have the time.

The person knows of whom I speak.

Anonymous said...

how about we add affordable homes. how about that. most of you posting here have rents under $2000 monthly and the rest of the residents are struggling spending 50% or more of income on rent in this city. how about we add RENT IS TOO DAMN HIGH

Anonymous said...

Hayduk knows exactly what he is doing and is not out of his depth. He runs this place just as his superiors want him to. It is not mismanagement but purposeful. He charms some of the old time tenants who really think he is great because he responds to their e-mails. Everything he does is calculated and approved by his bosses. Perfect for Blackstone. He doesn’t care whether the community is heterogeneous or homogeneous. He has an agenda that he follows.

Anonymous said...

"Forty or so idiots waiting in the heat and humidity for the big movie feature to start on the Oval. Kids running around. A seedy degrading look to the property . I see them drinking alcohol on the Oval lawn too. Cheap, carnival atmosphere."

I hope they don't get too drunk to keep an eye on their kids because we have a lot of sexual predators living in the vicinity. We even had one living in Sty a few years ago. And he was a child therapist! Got caught by a maintenance man who went into his apartment to do some work and noticed "stuff" on his computer and sounded the alarm.

Anonymous said...

"We are in serious serious trouble with 3+ more years of DeBlasio, Powers, and Rivera."

REBNY and the politicians they own are the new Cosa Nostra. The filth and corruption goes all the way up to the Oval Office because one of the biggest grifters occupies it along with a cabinet of grifters. The Grifter-in-Chief's infamous slumlord son-in-law has just been bailed out by Brookfield. Wilbur Ross (who has a big financial interest in The Sty) has been slammed by Forbes Magazine for being a grifter. When their own Bible (Forbes) turns against them, you know they have to be bad!

Anonymous said...

STR @ 6:54 AM: Thank you! So tired of those long, ranting posts. Never read them through. Just a waste of space and it would take too much of your time and energy to verify the multiple accusations against multiple parties!

Anonymous said...

7:10 AM: many of the old time tenants now despise him. That honeymoon was over a long time ago. They know he is a bulshit artist and wants them to die asap. Those older folk may give someone the benefit of the doubt to begin with, but they are not fools and they've lived long enough and smart enough to recognize a phoney when they meet one. Don't ever assume that weakness of the legs means weakness of the brain! Besides, many have adult children who are very savvy when it comes to what dirty deals go down here and keep a watchful eye when it comes to how their loved ones are treated. They see through the bulshit immediately, especially as they were born and raised here even if they don't still live here.

The TA and the politicians turning us over to Blackstone are Quislings!

Stuy Town Reporter said...

Continuing with my milk mission, a quart of milk:

Gristedes: 1.59 (they have a senior discount on Tuesday, 10% off)
Gracefully: 2.39
Walgreens: 1.99

Stuy Town Reporter said...

BTW, does the TA have a reference, with prices, of where residents can buy basic items at cheaper prices? Since quite a few residents are at fixed incomes and can't just whip out a credit card and think nothing of it, having such a service may be nice. I will slowly try to do this, but the TA should be at the forefront.

Anonymous said...

"Continuing with my milk mission, a quart of milk:

Gristedes: 1.59 (they have a senior discount on Tuesday, 10% off)
Gracefully: 2.39
Walgreens: 1.99"

Believe it or not STR, Whole Foods quarts are $1.39 I believe.

Stuy Town Reporter said...

Another aside:

Posts which are primarily about Trump will not get passed. There are many places on the internet where you can talk about Trump, good or bad. I am more concerned, much more, about what happens here, Stuy Town and Peter Cooper, and the city (read City Council and the REBNY and our local politicians).

Anonymous said...

Maybe some of the old tenants see through him, but I have friends who still argue with me over his merits. They feel that he is so responsible to their needs.

Anonymous said...

Are you kidding? What TA?

Stuy Town Reporter said...

>>Believe it or not STR, Whole Foods quarts are $1.39 I believe.<<

Good to know, but are they "neighborhood"?

Stuy Town Reporter said...

https://ny.curbed.com/2017/8/2/16084748/flatiron-tallest-madison-square-park-closings

How did this get passed from our City Council?

Stuy Town Reporter said...

https://www.businessinsider.com/photos-of-20-million-apartment-inside-madison-square-park-tower-2017-3

Of course, we all have seen it.

Anonymous said...

When your landlord is a small business owner the lower level politicians are a viable means to addressing tenant issues. When your landlord hangs with the upper level politicians and the upper level politicians are giving the marching orders to the lower level politicians then tenants will get nowhere and no resolutions unless they play ball on the same level as the corporate landlord. We will keep spinning our wheels and get nothing just as we have since 2008 if we only deal with the lower level politicians. With respect to this blog,we will take our quality of life issues on rent charges, trash heaps, mattresses to a new blog. Adieu.

Anonymous said...

STR, our City Counsel is the most corrupt bunch of lowlifes you will ever meet. They will pass anything that REBNY wants them to. The would sacrifice their children on an altar if REBNY asked them to. They are corrupt and evil, just like our Mayor.

Anonymous said...


Blackstone's Steve Schwarzman brings in $787 million in 2017
5:51 PM ET Thu, 1 March 2018
CNBC's Kate Rogers reports Blackstone's Steve Schwarzman received one of his biggest take-home paychecks ever, valued at $787 million.


https://www.cnbc.com/video/2018/03/01/blackstones-steve-schwarzman-brings-in-787-million-in-2017.html

This is our landlord. In 2017 his income was $787,000,000.00

If we want quality of life issues addressed then we have to put on our big boy pants and play in the big league. Or we can just complain until the cows come home every day and night until we are blue in the face as we have for years with the little league players Dan Garodnick's and Keith Powers.

We will start a new blog as indicated for us to do on this blog. Anyone who wants to address issues at the upper levels of the elected representatives, media, and corporate shell company investors that we will be sending communications with links to the new blog to is welcome. We will not waste our breath and time on the little league order takers.

Anonymous said...

Stuyvesant Town has been ruined forever, sad to say. No going back in time here.
It's really bad here, and there's nothing we can do about it.

Anonymous said...

Another Thursday night "concert". Dumb question, how come "music" that is so loud, never gets any applause? Just asking.

Anonymous said...

"and there's nothing we can do about it."

Then why even post about at the STR blog? Assume the fetal position, stay home and suck on your thumb.

Anonymous said...

So Blackstone manages ~$435 Billion with an enormous portfolio of companies and real estate holding. To think a letter to the a head of the real estate division n will get any attention is ridiculous. The section of the business manages $120B worth of assets. Yes ST/PCV is part of the portfolio but its also a small part that is at very small return. They need to clear tons of regulation and many years remaining of current city laws to enable them to turn a reasonable return on the investment; its just not worth anyone's focus in 2018. more than likely they'll try to unload ST sometime around 2025 or sooner.

I'd suggest reaching out to someone in the local media (NBC4, CBS, NY1) get them to do a Shame on You style segment (you remember those?) and then there is a chance someone in PR/Comms will respond to the news media. But Joe Public from ST is not getting any action there. sorry, its just reality.

Anonymous said...

I read recently that Jonathan Gray is being groomed to take over for Schwartzman in the near future. With a net worth of $2.5B, you think Gray is going to respond to a peons like us???

Anonymous said...

"Good to know, but are they "neighborhood"?"

Well right, it entails a walk to Union Square park. I always try to buy a quart when I happen to be there buying other stuff (on sale of course). I just found it amusing that a place like WF would have the best prices on a quart.

I think I remember paying .79 at Associated when I moved into the sty in'99.

STAND UP AND FIGHT said...

Peons like us have begun revolutions, toppled governments, unseated and chased out dictators of entire countries, let alone morally depraved human toxic waste like Schwarzman and Gray and thousands of other human-shaped cancers.

Where there is a will, and persistence, and intelligence, it can be done. ONE person can begin it, attracting other people to what is right and just.

Conditions are not yet ripe here. Stupid (as in stupefied), unconscious, shallow, sociologically illiterate, historically and politically illiterate, and lazy individuals do not a revolution make.

One of these days, though . . .

Stuy Town Reporter said...

I don't think the "breaking point" has been reached, though we are heading in that direction.

Atomic Man said...

most of you posting here have rents under $2000 monthly and the rest of the residents are struggling spending 50% or more of income on rent in this city.

The ultimate irony. Market Rater takes a formerly affordable, stabilized apartment at double the rent, then says it’s too high! There’s an old saying, “If you get in bed with the devil, don’t be surprised if you get f*cked”.

Anonymous said...

"The ultimate irony. Market Rater takes a formerly affordable, stabilized apartment at double the rent, then says it’s too high! There’s an old saying, “If you get in bed with the devil, don’t be surprised if you get f*cked”.

So true. The people paying under $2000 are not underpaying. It is a case of those paying more than that are overpaying. And for what? Living in a slum is what.

Anonymous said...

These apartments are worth no more than 2500 a month for a two bedroom. Rent stabilization allows for lesser rents. Those paying market rate here are getting robbed. No doorman , no real amenities, dirty garbage strewn grounds. Some of them on the TA site are delusional saying that they love the dump.

Anonymous said...

Rents . . . you're right about overpaying. WHY do people do it?

Again: because this species is characterized, for the most part, by STUPIDITY as well as a penchant for destroying everything around us.

Especially here in America these days: we are DUMB, IGNORANT, ILLITERATE.

Back in the 80's, plans had been formulated to destroy public education, destroy health care for most of us, and so on. WE WEREN'T STUPID ENOUGH YET TO ALLOW IT. Fast forward to 2001, and we'd reached the point - technologically and philosophically - where we'd accede to tightening control and surveillance, and were more ready to hate one another. And stare at 65" TV screens and tiny cellphone screens and be "the CEO of my own life" and "the most important person who deserves it all."

17 years later and we cannot spell, write, concentrate, be quiet, be alone. Too many of us with enough money to consider ourselves "comfortable" are lazy, shallow, self-absorbed jackasses.

Stuyvesant Town and Peter Cooper Village are microcosms of much of the urban landscape all over this country and around the planet.

Those of us who moved in here to pay exorbitant rates for deteriorating and unsafe conditions simply either no longer know how to reason or are incapable of reasoning. Moving to a new home used to require that we do research, engage in comparisons, THINK hard about what is necessary to us, and what is available in the potential homes we visit. (Caveat: true only if we've the luxury/money to do all of that!)

People who moved in here once it was being turned into a hellhole did both themselves and everyone else here a huge disservice. Those who stay here paying insane amounts of money to emotionally diseased predators and claim they LOVE it are either in massive denial or tranquilized. Or incomprehensibly dimwitted.

The trouble is, THEY ARE MUCH OF THE PROBLEM. If they didn't pay these rents (and I include the dormitory situations and others who are living in deplorable conditions for a great deal of money), it wouldn't exist.

Anonymous said...

Bravo! No one could have said it better.

Anonymous said...

Unfortunately, the dorm students must get decent deals as do the transients and tourists. Not staying more than a year, often less, they could care less about conditions here. Many of the dorm people like it here because there are no rules. In addition, management can rely on city subsidies as well . My subsidized neighbors are in a 3500 month renovated apartment. Even if families choose not to live here., there is an endless pool of other demos who are happy to live here.

Anonymous said...

"They [Blackstone] need to clear tons of regulation and many years remaining of current city laws to enable them to turn a reasonable return on the investment;"

-----

Only if you believe the B.S. falling out of the lying mouths of Gray, de Blasio, Garodnick, Steinberg, et al.

Blackstone has already sucked half their original $2.7 Billion investment out of the PCVST complex.

The world's most notorious Wall Street predator is successfully executing Speyer's failed business plan to rake in multiple billion dollar windfalls pushing the historic, stable PCVST middle class community out of their longstanding PCVST homes.

Speyer's predatory PCVST business plan could never possibly succeed without pushing the middle class out of PCVST. Corrupt elected representatives De Blasio, Garodnick and the PCVST TA Board conspired to betray and disenfranchise their PCVST constituents on behalf of Wall Street predator Blackstone. They literally in-writing guaranteed Blackstone will succeed where Speyer failed. It's the same plan. Speyer's plan. The plan never changed. Our lying, corrupt elected representatives guaranteed for Blackstone the same PCVST middle class community extinction that greedy Speyer tried and failed to procure.

Blackstone could never successfully realize Speyer's failed PCVST vision without essential support from corrupt de Blasio, Garodnick and PCVST TA Board, all elected to defend us against assault by Blackstone and all betraying us on behalf of Blackstone.

Adding insult to injury, it's amazing how these corrupt elected officials (De Blasio, Garodnick, PCVST TA Board) falsely publicly proclaim their willful, needless extermination of our stable PCVST middle class community for predatory Blackstone is somehow a tremendous middle class victory.

Anonymous said...

Overpaying? have you looked at comps across the city for a 1,000 sq ft 2 bedroom apartment in an elevator building? ST/PCV are not even close to the market. Yes you can find cheaper places in the east village or alphabet city but not for the size of apartment, closeness to subway/bus or elevator buildings. doesn't happen at scale.

Just look at the new building above Target. 2bdrs are $7500+

I agree there are some horrible issues around ST/PCV with the garbage staying in the streets, the 4+ college kids per apartment, airbnb and the f'n squirrels but rents are not the issue. IF ANYTHING, those rents are saving Blackstone from cutting costs and moving off the property. People paying $2k/mo and im sure MANY paying $1k/mo does not make a profitable business.