tag:blogger.com,1999:blog-1837176580996082182.post8889610752774768992..comments2024-03-17T17:11:59.147-04:00Comments on The Stuyvesant Town Report: Power to the 99% or to the 1%: The Partnership Between the TA and BrookfieldStuy Town Reporterhttp://www.blogger.com/profile/05538426011607971633noreply@blogger.comBlogger68125tag:blogger.com,1999:blog-1837176580996082182.post-89914238413427108042011-12-15T15:46:56.668-05:002011-12-15T15:46:56.668-05:00You write: "if you are a tenant who cannot af...You write: "if you are a tenant who cannot afford to pay for, or get a mortgage for, whatever the final asking price will be, or if you don't see any value in paying so much money when you are in a rent stabilized situation, then you will be against the deal." Why should a rent stabilized tenant be "against the deal." There is no downside to the conversion for rent stabilized tenants.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-8752142353547191252011-12-06T18:48:15.169-05:002011-12-06T18:48:15.169-05:00Max: Some of your numbers are incorrect. The vacan...Max: Some of your numbers are incorrect. The vacancy allowance is 20% and the new rent law says it can be applied only once a year. The new threshold for luxury decontrol is $2,500 (in combination with income). <br /><br />One point that was made at Saturday's meeting is that the ultimate owner of an apartment occupied by an RS tenant may end up losing money due to MCI and other expenses (I didn't catch exactly why).<br /><br />The TA is planning to have building meetings and solicit input from everybody, so be prepared.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-65353294853428731942011-12-06T18:00:20.628-05:002011-12-06T18:00:20.628-05:00No. The TA has to pass their plan to tenants first...No. The TA has to pass their plan to tenants first.Stuy Town Reporterhttps://www.blogger.com/profile/05538426011607971633noreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-5436308861111727032011-12-06T17:05:58.728-05:002011-12-06T17:05:58.728-05:00From a legal standpoint, does the TA have the &quo...From a legal standpoint, does the TA have the "power" to make and sign deals for all the tennants?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-29401960800414288852011-12-06T15:02:18.259-05:002011-12-06T15:02:18.259-05:00Max is full of "schact."
STR, I'd b...Max is full of "schact."<br /><br />STR, I'd be willing to sign up for your plan, sight unseen--even if you did formulate it in secret, out of sight of tenants and perhaps even in your own best interests. That puts you on no worse footing than the TA!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-56860981275953422812011-12-06T14:59:52.294-05:002011-12-06T14:59:52.294-05:00Unfortunately, my plan will greatly disappoint spe...Unfortunately, my plan will greatly disappoint speculators and those who wish RS status out the window--or who predict it--for the purpose of making the TA plan look promising.Stuy Town Reporterhttps://www.blogger.com/profile/05538426011607971633noreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-75361071940325159582011-12-06T14:58:06.623-05:002011-12-06T14:58:06.623-05:00My plan is amazing. Trust me.My plan is amazing. Trust me.Stuy Town Reporterhttps://www.blogger.com/profile/05538426011607971633noreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-66523532432022260432011-12-06T13:59:46.410-05:002011-12-06T13:59:46.410-05:00Max,
Wouldn't the tenants become the next gre...Max,<br /><br />Wouldn't the tenants become the next greedy,self serving landlord? Wouldn't they want to raise rents as swiftly as possible in order to save themselves from carrying the rent stabilized people? This is the same argument you posted 5 years ago. It didnt make sense then and it doesnt make sense now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-91504936828142510622011-12-06T13:33:48.277-05:002011-12-06T13:33:48.277-05:00I hope your plan is better than the speculative an...I hope your plan is better than the speculative and shallow analysis you did to start the string.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-6921081225511331042011-12-06T13:17:04.219-05:002011-12-06T13:17:04.219-05:00I have a plan. I will introduce it soon.I have a plan. I will introduce it soon.Stuy Town Reporterhttps://www.blogger.com/profile/05538426011607971633noreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-81252968460909249152011-12-06T11:58:31.053-05:002011-12-06T11:58:31.053-05:00The development can be bought by the residents or ...The development can be bought by the residents or sold to yet another self serving big name landlord.<br />Those are the only two options.<br /><br />Regardless where one stands on the middle class aspect of the community it is clearly better off in the hands of those who live here rather than another landlord who will do whatever he can to jack rents as quickly as possible.<br /><br />Buyers will get their apts. for 10%down or roughly 30-45K - and total mortgage/maintenance fees combined between at roughly 1600 and 2200.<br /><br />Like the Tudor City Co-op conversion regulated renters should benefit even if they don't buy.MCI increases will be included in the purchase and should come off rents once the community is bought providing a modest reduction in monthly rents.<br /><br />The community will be well maintained [as is Tudor City and the Grand St. Co-ops] because resident owners want to keep the property values up.<br /><br />As to the middle class aspect over time that is probably doomed.Regulated rents will continue to increase,every year,by law.As old tenants leave and the 10% new tenant increase is applied along with annual increases all apts. will soon rent for over 2K.That problem is simply built into the existing rent regulated law and is not going to be changed.<br /><br />So,we either buy our community and create some stability or another landlord will push it towards upper middle class rents as fast as he can.With deregulated apts. renting for 3-4K per month we're already half way there.<br /><br />It would be wonderful if the community could have remained low rent forever,but that option is simply not realistic,financially or legally.So - it's going to change.Better it be changed by the tenants rather than another greedy,self serving landlord.maxschactmanhttps://www.blogger.com/profile/15758080080070770540noreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-19630273177445507662011-12-06T00:39:47.567-05:002011-12-06T00:39:47.567-05:00When the TA held elections for new board members, ...When the TA held elections for new board members, I went to the meet-and-greet they held at the senior citizens lounge. I asked candidates why they wanted to be on the board. Some didn't have a whole lot to say for themselves. Others were clear that they wanted to convert the place (in conversation and in their printed descriptions). I made a point of not voting for those individuals but they were elected anyway. Unfortunately, too many of us are content not to take action and complain after the fact. In a way, we've gotten the TA we deserve because most people didn't bother to participate when it could have made a difference, and individuals with strong opinions took action to get what they wanted.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-54575065226774236262011-12-05T20:07:14.218-05:002011-12-05T20:07:14.218-05:00Got it! Thanks.Got it! Thanks.Stuy Town Reporterhttps://www.blogger.com/profile/05538426011607971633noreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-76395463004205204222011-12-05T18:48:19.228-05:002011-12-05T18:48:19.228-05:00STR, With all due respect I think you missed my po...STR, With all due respect I think you missed my point. <br />>>Anyone else taking notice that the Food Trucks in the Oval, and the Ice Skating Rink are looking better and better?<<<br />I ment, they are looking better to the tennants who want to buy their apartment. It will be one more source of income to offset the ever increasing maintenance charges. This place is held together with spit and glue.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-66555031722348469282011-12-05T17:41:43.150-05:002011-12-05T17:41:43.150-05:00"Anyone else taking notice that the Food Truc..."Anyone else taking notice that the Food Trucks in the Oval, and the Ice Skating Rink are looking better and better?"<br /><br />Not the food trucks, certainly. The ice skating rink I don't mind, as it's fairly noise free and "for the children."Stuy Town Reporterhttps://www.blogger.com/profile/05538426011607971633noreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-58451057297705573142011-12-05T17:31:01.000-05:002011-12-05T17:31:01.000-05:00is it just me or does the guy from Brookfield look...is it just me or does the guy from Brookfield look totally bored and disinterested during these conferences?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-62054122101949588172011-12-05T15:14:11.453-05:002011-12-05T15:14:11.453-05:00It's ironic that the TA's ugly, Leninist-l...It's ironic that the TA's ugly, Leninist-looking logo (it just needs a hammer and sickle!) says "Unity." The TA is doing anything BUT bringing unity to the tenants. They are going to unequally divide and tear us apart.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-25813827406686962732011-12-05T13:55:59.364-05:002011-12-05T13:55:59.364-05:00As a rent stabilized tenant, I wish I had not been...As a rent stabilized tenant, I wish I had not been suckered into paying my annual dues to the so-called Tenants Association. They don't represent me anymore. They are destroying rent stabilization by teaming up with these sleazy pols and moneymongers to take this development out of the affordable housing stock. Thanks for nothing TA. Nothing more than a bunch of sleazeballs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-83629232291470158782011-12-05T13:38:35.526-05:002011-12-05T13:38:35.526-05:00Commenter at 12:23 pm: You raise some very, very ...Commenter at 12:23 pm: You raise some very, very good points, especially the last one about the profits from the commercial enterprises. Thank you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-31842452929579632172011-12-05T13:16:44.829-05:002011-12-05T13:16:44.829-05:00Funny how things work out!
Anyone else taking not...Funny how things work out!<br /> Anyone else taking notice that the Food Trucks in the Oval, and the Ice Skating Rink are looking better and better?<br /> Now that they may be a source of income for the new condo owners.<br />And so it begins.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-20786379068503848982011-12-05T13:02:17.202-05:002011-12-05T13:02:17.202-05:00>>The same rent stabilization laws that prot...>>The same rent stabilization laws that protect tenants will also protect those negative things (like pressure walls and dogs)>><br /><br />Now that’s just "crazy talk".!<br /><br /> Wait until new individual condo owners are hit with ever escalating maintenance charges due to years and years of maintenance neglect, poor quality materials that were used, and lowest bid contractors.<br />The new condo owners (your friends and neighbors (hahaha)) will be yelling, screaming and demanding MCI’s so the “renters” can pay for the much needed and necessary maintenance. You thought that there were a lot of MCI’s under the previous regime, just wait!<br />The new individual condo owners will now take on the role of “Met Life, Tishman Speyer , CW, and Rose”, all rolled into one. <br />The new condo owners will now be the ones holding the feet of the remaining “renters” to the fire. <br />This has failure, in-fighting, neighbor against neighbor, endless litigation written all over this plan.<br />Good luck with this!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-25502642329969604952011-12-05T12:46:50.442-05:002011-12-05T12:46:50.442-05:00http://www.nydailynews.com/new-york/zuccotti-park-...http://www.nydailynews.com/new-york/zuccotti-park-owners-brookfied-properties-owe-city-139g-back-taxes-article-1.986720Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-67952689506287880562011-12-05T12:23:01.119-05:002011-12-05T12:23:01.119-05:00Certainly a forum could be created where ST/PCV r...Certainly a forum could be created where ST/PCV residents would participate on a strictly positive note, talk about their ice skating party or their brunch get together at Oval Lounge, but THESE forums were created out of the sense of outrage and frustration that many residents developed after the sale of the property to Tishman-Speyer.<br /><br />You see, where there was a wonderful, stable and affordable community, the greed of MetLife's executives and stockholders, along with Tishman-Speyer's comparable quest for even more billions of dollars in profit led the residents of ST/PCV into a situation where it appears that everything that they enjoyed since the end of World War II has come to an insurmountable end. <br /><br />Even if the complex is converted to tenant ownership, it will be a huge task to return it to a standard of quality living that residents had previously enjoyed because unfortunately, the quest for riches has created a situation that will take many, many years to correct. The same rent stabilization laws that protect tenants will also protect those negative things (like pressure walls and dogs) that have changed the character of our community for the worse.<br /><br />And be very careful of these offers to "help" the residents purchase their homes. So far, I've heard these "benevolent" real estate companies say that they want to keep the commercial space and garage profits for themselves, but I caution you that those profits have helped to offset operating income for all these years, and when that disappears, the cost of maintaining the property will then come directly from tenants pockets. I suggest that at a minimum, any deal struck should limit the management company to a percentage share, with the rest earmarked for the maintenance and operation of the property.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-2926820123404714662011-12-04T22:45:34.698-05:002011-12-04T22:45:34.698-05:00"every post is a complaint"
For a while..."every post is a complaint"<br /><br />For a while I balanced the content on Stuy Town Living and you know what? The content considered positive was all but ignored. So why should I, or STR, spend our time creating it? Quality of life issues, the potential sale of the property, recent crime, to name a few, these are the topics people are interested in. It's news.Lux Livinghttp://www.stuytownliving.comnoreply@blogger.comtag:blogger.com,1999:blog-1837176580996082182.post-91662380822444204072011-12-04T22:13:03.841-05:002011-12-04T22:13:03.841-05:00"Do you guys like anything? EVERY post is a c..."Do you guys like anything? EVERY post is a complaint."<br /><br />Do we really need a public forum to praise a management company hell-bent on destroying our community?<br /><br />No.<br /><br />That's why you hear so many complaints here.<br /><br />Now go back out there and use your season pass to skate on the ice puddle...Anonymousnoreply@blogger.com