Archive for the ‘Housing and Real Estate’ Category

The Odyssey, starring You?!

No, it’s not Fringe week just yet. Don’t get all Shakespeare-eyed on me and reminisce about those days you became an unpaid stage hand just so you could watch the gritty and real life of off-off-Broadway productions. Don’t think of that time you did gigs with your band for free drinks. Don’t even try to recall the PA gig you did on the Sopranos in hopes that some day you will make Second Second Assistant Director.

No. Forget those dreamy gigs you’ve taken in the past. Live in the now. Let’s snap back into reality as Eminem would say. It’s time to take a deep look at your wallet, your pocket, your bank account and measure it against your lifestyle.

Are you living with more than 2 people you’ve never met before you started living here? Are you working multiple jobs and having barely enough time to sleep? Do you survive on Cup of Noodles and Mac n’ Cheese? Does the thought of free food still excite you?

It seems that a lot of people did take into account all of the above and the big moves have finally started. A few of my personal friends have done so, but this New York Magazine article proves it: people are fleeing NYC for more affordable places where their dollar goes farther. Places like Buffalo, NY - imho one of the biggest architectural nightmares ever. But you know what? It beats sleeping on an air mattress.

Are you moving?

NYC apartment brokers are jerks? Say it ain’t so!

My friend Sean sent me this copy of a letter he sent to an apartment broker’s company management about how his wife was yelled at and harassed by the broker when she tried to find an apartment. It’s a lovely, heart-warming tale of bullying, harassment, and attempted bribery right here in good ol’ Brooklyn. Enjoy! (All phone numbers and e-mail addresses have been redacted to protect the innocent and not-so-innocent, as the case may be. Warning: the language is not for the squeamish.)

To Whom It May Concern:

As you can clearly see from the text message I have forwarded below, one of your “representatives”, Seth (xxx.xxx.xxxx), has gone above and beyond his duties in representing your company.

Backstory:

My wife called Seth in regards to an ad posted on Craigslist for a 1 Bedroom Apartment for rent in Greenpoint. Upon making contact with Seth, my wife was asked the following:

“When do you need to move by?”

When my wife explained to him that we were flexible, as our current lease was month-to-month, Seth responded with the following (which is pretty similar to what he said to me in his text message):

“People like you will never rent the apartment, and if you want to see the apartment, you need to give me $1000.00.”

My wife asked if that was his broker’s fee, he said no, that the broker’s fee is one month’s rent, but the $1000.00 was to just “see the apartment”. My wife, shocked and upset, then tried to explain to him why we were moving (repeated break-ins in our building), but Seth decided he should scream at her, saying “show me the money, you fucking cunt”, and then he hung up on her.

(more…)

MTA Almost Wakes UP

It seems like the MTA has finally woken up to the potential value of the land it is selling at the Hudson Yards site, the last substantial piece of undeveloped land in Midtown Manhattan. It’s now interested in holding some kind of equity stake in the property and a cut of future profits from its development. This is highly logical, since a large chunk of the land’s value will come from the transit improvements the agency will be building such as the westward extension of the 7 line. The developers point out the potentially weakening property market and the billions they will have to be putting out as reasons for opposing such an idea.

Chanel Thirteen recently showed the American Experience documentary on the construction of Grand Central, a huge project largely funded through land development by the New York Central Railroad. A core problem at work here is that a government agency neither has the skills or more importantly the financial incentive (it’s not their money) to run the numbers properly and think about these projects in a business like way. Hong Kong’s awesome transit infrastructure is funded by a private company that also acts as a land developer.

Manhattan rents down; still stupidly expensive

Though I bought an apartment a little over a year ago, I still check out the Manhattan rental market report every couple of months or so, just to see what’s going on. According to the January update, average rents in Manhattan are down overall due to economic factors, though some neighborhoods are bucking that trend, notably TriBeCa (I blame you, Bobby DeNiro). Notable neighborhoods to find “bargains”: midtown (both east and west), Greenwich Village, the east village, and the LES all had rent drops, but are still averaging ridonkulously high rents. Harlem remains the cheapest in the city. Looking to spend more? Head to the aforementioned TriBeCa, Gramercy Park, Chelsea, and Battery Park City.

I’m interested to see what happens in the upcoming months - economic downturns that start with giant screw-ups in the financial industry usually affect NYC earlier, longer, and harder than most other parts of the country (see economic downturn, 1989-1992, where the city lost 1/10 of its jobs and the median home price in Manhattan dropped by a quarter). Not that rental prices are necessarily the only bellwether of the city’s economic downturn, but the nationwide real estate mess is going to affect everyone, especially when the axes start falling more in the financial industry.

Kind of scary.

Hope @ 475 Kent

The Times indicates there may be hope for the tenants of 475 Kent Ave. The article looks at the buildings history with more depth and context than most other stories. What comes out is a history similar to that of many other informal/non-legal artist buildings in NYC, a history which shows the tremendous value that these tenants added to the property.

“Painstakingly, foot by foot and floor by floor, the three began breathing life into 475 Kent. Colonies of rats were chased out and puddles of pigeon droppings mopped up. Windows were unsealed to reveal startling views of the Manhattan skyline, and of the Manhattan and Williamsburg Bridges. Pipes were stretched; walls were built.
Word spread, and more artists followed. Ms. Masters moved from Dumbo in 1998, building studios on the seventh floor using money that she said she received from a different settlement with Mr. Guttman. The boxy, soaring building soon became a place where ascendant and established sculptors, writers, filmmakers, musicians, printmakers and photographers worked, collaborated and thrived, and became enmeshed in one another’s lives.”

The residents of this building were not responsible for the city’s failure to provide safety in this area over the years. They also were not responsible for the lack of transit and infrastructure investment that made such a potentially valuable area undervalued and they certainly were not the creators of the antiquated zoning laws that barred mixed use residential development in the area. In fact they were one of the major groups to see the areas true value and unlock that value by deciding to live there. Now that the city has woken up to the value they helped create, its pure injustice to kick them out.

The just solution, for most of these buildings is at minimum some kind of buyout situation, which recognizes long term residents as de-facto co owners of the properties they helped make so valuable.

Love Your Apartment

The NY Times had a great story on the weird effect its tight real estate market can have on relationships in the city. Love seems to come and go, but that rent controlled apartment on east 76th is priceless.

Life As An Artist In NYC Part Two

Here is part two of my rant that I am re-posting.

Things got really quiet. I mean really and I could tell that there were a lot of other birds that were listening now.

Teeny Bird: We didn’t get too much to eat. I am hungry.

Greeny Bird : This guy is a nut. I have an MFA fro

Middle Aged Bird: Yeh, We know. Why don’t we all admit it. A lot of us have thought about this. A lot of the birds I know moved upstate.Another Young Bird: Some of the birds from Tyler are staying in Philly. They say it’s pretty great and they get to spen..

Greeny Bird: I am from Philly and a lot of it just so dangerous and nasty and

Me: Like Brooklyn was? ( This seems to strike some kind of cord and I can see a lot of birds thinking )

Black Bird: I am from Pittsburgh and I hear that some birds a–

Other Birds: He’s a nut.

Greeny Bird: The fact is that we can’t leave and that is just a fact that we all have to face. The galleries and clubs and theaters and writers and curators and critics are all here.

Me: Arn’t they here because you are here?

Old Bird: ( really loud ) He is just right and you all know it. I remember when it seemed like the scene revolved around us and seemed to be about the work. I remember when I could do work.

Why don’t you all just look around. How many of you think you might lose your nests soon.

Pink Bird: Well we are in court and I think I am OK for a few months.

Black Bird: I gotta move out in two weeks.

Other Birds: We can help ( one say’s he has some space on the floor of his place since his roomate moved to L.A. )

Black Bird: Didn’t you move to Pittsburgh?

Me: Yes. I came there because I want to help make scene that revolved around the artists.

Artist’s, Do You Like Sun?

So, I think that by now, I’m not to confident in the citys future ability to hold the position as the the world’s cultural capital or even a decent place for creative people to exist in. Like almost everyone, I know– I am keeping my options open.

The federal reserves latest BIG ASS BURSTING BUBBLE seems to be in housing and one of it’s epicenters is starting to look interesting. There certainly seems to be nice oversuply of fancy new construction in Miami, which just happens to be the location of the world’s largest art fair orgy. Could we end up with prices getting down to artist levels? Chances are that they will at least attract more dealers.

This is kind of an open thread– anyone think this makes sense?

Same Old Song For Artists In London

This video about a squater eviction in London indicates it’s the same over there if not worse. The particular symbiotic relationship between these squaters shows they were in fact doing some good for the neighborhood by maintaining the building, keeping out vandals and helping keep the area safe, things it’s unlikely the city was prepared to do. Of course, a number of them may have also worked in and patronised local businesses.

Who is Hernado de Soto???

Life As Artist IN NYC

With apologies, I am re -posting the first part of a long crazed rant, I did about the lives of creative people in a city that is so short of livable affordable housing and creative workspace. I aint claiming it as a work of art, but I hope it is worth reading. It’s one of the first posts I did on my Digging Pitt Blog after I moved to Pittsburgh and started a gallery. I now spend ime in both places.

I used the bird metaphor after reading this statement on the website of Galapagos Art Space in Brooklyn.

The canaries in New York City’s real estate gold mine - the emerging arts - are no longer talking about the next show they hope to land, they’re talking about the next city they think they can land in once their current lease runs out.

But for many that lease on life has already run out. Affordable habitat in the cultural ecosystem is becoming hard to find. For everyone.”

Are the artists really just the tip of the iceberg or not. The city has historically treated them as an expendable group and never had much trouble finding new bird brains to come into the city. But, this may be changing.

I know all of you Yinzers are eager to hear about my little trip to NY. I met a few of the little birds there and this is sort of how I remember things. The setting is Kellogg’s Diner.

Me: Hi There little birds.

Birds: Hi.

Me: My, there are a lot of you in here and look at all the flocks on Bedford, but it seems a little thinner this year.

Birds: Are you buying? We need food.

Me: OK, I will try to help, but you have to talk to me. Bird number 3 a little male passes out on the counter– a little tuckered out from his three jobs.

Me: So why are you all here? Tell me little about yourselves.

Yellow dreadlock bird: I use chewing gum to confront gender is–

Me: It’s OK. Relax.

Pink and green Bird: I want to act. Isn’t this where I have to go?

Yellow d: I always wanted to be an artist. This is the place isn’t it?

Other Birds: No one has ever asked us this question. We Just have to because…

Me: It’s the lights isn’t it?

Greeny bird: Yes, I saw them on TV in Iowa.
Other Birds: And all the sound and some birds would dance and some would sing..

Pink Bird: Also, I feel more at home here. There are so many different colored birds.

Other Birds: And it’s going to work out– I know someone who served Andrea Ro ( other birds break in.. one says that’s a lie )

Me: So, Where are all of you from?

Other Birds: –India, Germany, Boston, Idaho, Mexico, Alabama, Long Island ( can’t remember them all)

Me: So, most of you aren’t from around here?

Old Bird: I ain’t but I’ve been here forever, seen it all.

Other Birds: No. most of us are not from around here.

Teeny bird: I came in on the bus a week ago and I am looki–

Other Birds: We ain’t got no room– Find your own nest.

Me: There is a slight shortage of nests? Huh,

Old Bird: Not like when I was young. I had a huge nest on 11th St. ( He meant more than one bedroom. ) and I did my art and the went to The Bottom Line and

Me: Didn’t they close?

Old Bird: Well, then the rent went up and I moved into The East Village.

Other Birds– Cool, tell us about CBGB’s ( closing )

Old Bird: Well it was rough. Birds wer shootin and wailin and things were dirty and all the garbage.

Middle aged Bird: Yes, I was scared to go there. I got a place in Soho. I wasn’t supposed to live there and it was empty there were no stores.

Me: And, what was your place like?

Middle Aged Bird: It was so raw, there was big hole in the floor and there was no kitchen and not much heat. But the space was big and I was handy. Me and my friends put in new wiring and plumbing. We fixed it up over a bunch of years and of course we lived there.

Old Bird: You guys did shows– They were so great, the place was so sincere and…

Middle Aged Bird: Well, we did a lot of great stuff. But then rich people started coming to watch us and we thought it was great untill, I had to move to Brooklyn.

Old Bird: They kick you out?

Black Bird: They kicked me out of Dumbo. I fixed my place up almost from scratch.

Other Birds: They Kicked me out of ( everyone chirping at once, so I can’t remember all ) Soho, Noho, Tribecca , Long island City, Hoboken, Harlem , Chelsea. Something has broken and a few birds start to cry. A few walk out they have to be seen at some opening or they want to try to do some art. Many have to leave, they live in places like Red Hook or Jackson Heights and they have to work the next day.

Me: So, can we get back to why you are here?

Dreadlock Bird: I need to be near the galleries that might want to show my work.:

Me: Do you get much art done?

Dreadlock Bird: No, partly because I can’t sleep with my four roomates working all hours and then after I get back from work ( an hour on the subway ) I have to be seen at a friends opening.
and I get into the studio around 10pm and–

Greeny Bird: He is just lazy and won’t stay up past three. If he was a commited artist-

Pink Bird: Yes. Ed told us that he is looking for serious artists who are willing to ( All the birds look down, they know they should work harder and then they would get a break. )

Me: So, If I get you guys right you are all here because you like the other birds and all the cultural exitement. You are here because the other birds are here. The filmaker birds and the dancer birds and the artist birds. Why don’t you all move?

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