Stuy-Town in Deep

Thursday, September 10, 2009

New York Times reporter Charles Bagli discusses the latest on the financial troubles of Stuy-Town developers.


Charles Bagli

Comments [9]


plenty of public housing already exists hjs but it's mostly arful

Sep. 10 2009 09:08 PM
hjs from 11211

any chance the city or state could buy these buildings and restore some middle class housing to the city.

i know, stop laughing at me.

Sep. 10 2009 11:10 AM
Dorothy from Manhattan

You need to bring in someone knowledgable about landlord/tenant/real estate law. The caller who raised the issue about the Stuy Town owners filing for hardship protection had a very good point.

In answer to Sarah's earlier question in Comments: We have "vacancy de-control" -- when a tenant moves out, the landlord renovates until the rent reaches $2000 (he can add 1/40 of renovation costs to monthly rent) and salary has nothing to do with it. The salary/income issue affects only existing leases.

Sep. 10 2009 11:09 AM
Kathleen from Stuy Town

Why did the Mayor Bloomberg's comment disappear from today's version of the article?

He is so linked to the Speyers, I wouldn't trust anything he said re: ST/PCV.

Sep. 10 2009 11:01 AM
Elizabeth from Manhattan

There is traffic of transients coming in and out because of tenants illegally subletting apartments.

Sep. 10 2009 11:01 AM
Serena from UWS

The apartments illegally deregulated are now forever lost to rent stabilization and someone who needed an affordable apartment is out of luck.

Sep. 10 2009 10:59 AM

In order to deregulate the rent of an apartment when it reaches $2000/month, don't the tenants also have to have a certain income--above $250,000/year (or something like that)?

Sep. 10 2009 10:58 AM
jay from Harlem

It's disappointing to see all this attention to Sty Town when nothing has been mentioned about Riverton Houses, which has been going through this same experience for the past year. Is this more of the usual racism where if it affects whites it's news and if it affects Blacks, so be it? Brian, I expected more of you. Not even a mention of Riverton Houses.

Sep. 10 2009 10:53 AM
feathers from Manhattan

They did not blithely plan to deregulate. It was very aggressive and destructive to families and the neighbordhood. Love you, Brian, and I am sure you were being sarcastic but they are not "those nice people who bought Stuyvesant Town."

Sep. 10 2009 10:50 AM

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