tag:blogger.com,1999:blog-1837176580996082182.post5859567518083951203..comments2024-03-29T08:59:31.586-04:00Comments on The Stuyvesant Town Report: Reader PhotosStuy Town Reporterhttp://www.blogger.com/profile/05538426011607971633noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-1837176580996082182.post-49507761123336276502011-08-23T12:37:14.353-04:002011-08-23T12:37:14.353-04:00STR, I wrote the comment you replied to and, yes, ...STR, I wrote the comment you replied to and, yes, I do think the buildings will be standing in 20 years. Just a hunch. The plumbing will be an issue but the basic structure is sound and the layouts are very nice by NYC standards.<br /><br />I also agree with you that the tenants will not be the next owners of the complex. Good for us! Sort of. <br /><br />The next sale will have to be either a "greater fool theory" purchaser or to someone with an exceptionally long time horizon. In 20 years, the property will likely have substantially greater value than it does now--but not until they can disenfranchise the RS tenants (now, all of us). I don't think that most tenants are willing to pay what will amount to a purchase premium simply to control the destiny of the complex. It will take an exceptionally forward-thinking financial institution to take on that mindset as well.<br /><br />This place is going to be a cash sinkhole for some time to come. Probably better to let someone else sink the cash into that hole instead of the tenants and, in twenty years when they are able to start recouping their "investment," we will probably all have moved or passed on.<br /><br />I'm not sure we can keep our hold on this place forever but we sure can do it for the next ten years--nd do it at the cost of our our "benefactor du jour!"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-15536064585587812912011-08-23T10:43:26.846-04:002011-08-23T10:43:26.846-04:00I don't think these buildings will still be st...I don't think these buildings will still be standing in 20 years. They are long overdue for demolition. However, they are going to have to compensate me to move or I'll be still in my apartment when the wrecking balls start swinging!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-70382129703995102842011-08-23T09:58:49.023-04:002011-08-23T09:58:49.023-04:00Yes, I can easily picture RS tenants getting shaft...Yes, I can easily picture RS tenants getting shafted in some future "deal" with the city and whoever will eventually buy ST/PCV. And I don't think the buyer will be tenants. Seriously, do we think that all these old buildings will be standing in 20 years?Stuy Town Reporterhttps://www.blogger.com/profile/05538426011607971633noreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-81964472232106341592011-08-23T01:07:50.236-04:002011-08-23T01:07:50.236-04:00Is there still a tenants association here? Can som...Is there still a tenants association here? Can someone wake them up? Duh?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-5518282480989903862011-08-22T22:36:26.745-04:002011-08-22T22:36:26.745-04:00Mercenary management must go.Mercenary management must go.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-69693933063444632612011-08-22T21:53:51.018-04:002011-08-22T21:53:51.018-04:00We've had a solid five years of them trying to...We've had a solid five years of them trying to run us out of town. On balance, it was a failed experiment. Not only have they torn the place apart, they've also burned through literally billions of dollars in the process.<br /><br />The recent Roberts ruling makes it look all the more dicey that they will be making progress on their crappy plans going forward.<br /><br />This said STR, why do you think that the next five years will leave us tenants yet more pissed off? At least more so than the last five!<br /><br />If I were to agree with you (and I might), my rationale would be that the "deep pockets" that funded last five years of fun have been turned inside out and are now empty. The law seems to be on our side so no one is about to fill up those pockets up again any time soon. Makes me think that times ahead may be a bit lean. Unless, of course, the siren song of big profits resonates in the ears of CW Capital and they start spending money around here in the hopes of unloading this place on the next greater fool.<br /><br />I think P.T. Barnum had a saying about that but it eludes my thoughts for the moment...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-17066705362347145092011-08-22T20:36:51.476-04:002011-08-22T20:36:51.476-04:00STR, I'm sure you mean these changes will leav...STR, I'm sure you mean these changes will leave the RS tenants pissed off, not the transients/MRs/dormies?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-10219226997169403352011-08-22T19:56:13.703-04:002011-08-22T19:56:13.703-04:00I agree that there will be some major changes comi...I agree that there will be some major changes coming in the next five years or so, changes that will leave many here pissed off.Stuy Town Reporterhttps://www.blogger.com/profile/05538426011607971633noreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-11563867742415885702011-08-22T17:24:47.479-04:002011-08-22T17:24:47.479-04:00Rose is trying to drive out the rent stabilized te...Rose is trying to drive out the rent stabilized tenants because we are the ones who care about the quality of life here. The transients and dormies don't care. It's just a temporary place that they'll be out of in a few months, a year at the most. I don't believe there are too many real, grown up market rate tenants here who live in real apartments (as opposed to the chopped-up ones with the pressure walls) and if there are they can always not renew their leases and find somewhere better and cheaper when they move on. It's a different story for the rent stabilized tenants. We have been here for a long time; this is our home; we can't afford to pay market rent (or we would be outta here like a shot) and we are the very people that CW and Rose want out of here so that they can carry on with their big picture plans. Those plans probably involve either tearing the place down and building luxury buildings on the land or selling the property to NYU. This is just my opinion, but I don't think I'm too far off the mark.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-5002264803356861972011-08-22T16:23:24.283-04:002011-08-22T16:23:24.283-04:00The garbage in the building appalling! Stuy Town h...The garbage in the building appalling! Stuy Town has a lot of transient skeletons in its closet.The Batnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-66110100486495066072011-08-22T14:00:06.649-04:002011-08-22T14:00:06.649-04:00Rose doesn't know how to manage this property....Rose doesn't know how to manage this property. Rose should be fired.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-70334546423300684772011-08-22T00:09:09.273-04:002011-08-22T00:09:09.273-04:00Why isn't anyone calling the fire department? ...Why isn't anyone calling the fire department? There's no explanation or excuse for this mess.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-71117972124784617942011-08-21T21:24:22.621-04:002011-08-21T21:24:22.621-04:00I frequently vacuum the hallway on my floor becaus...I frequently vacuum the hallway on my floor because nobody else ever does it. The laundry room in my building is a definite health hazard. There is a roach catcher that is filled with roaches' rotting corpses and has been there for weeks. The carriage room/recycling area is unbelievable. It makes the Staten Island Landfill look clean! I don't know what Rose's motive is. Maybe they want to slumify the property to the level where they can offload it real cheap and get out of it, or maybe this is just Rose's way of running a property. I've heard that they don't have a very good reputation in the industry. It's too bad that we tenants have to put up with these substandard conditions.Anonymousnoreply@blogger.com