Monday, May 28, 2012
We trot this one out every so often... It's the cover story from the May 28, 1984, New York magazine ... The article talks about the influx of chain stores, art galleries and chic cafes. "And real-estate values are exploding" as a result. Said one longtime resident on the changes: "I've lived in my rent-controlled apartment for years and pay $115 a month. I live on the Lower East Side. The young kids who just moved in upstairs and pay $700 a month for the same space — they live in the East Village."
Find the whole article here.