tag:blogger.com,1999:blog-5694390946037511355.post4582519368208802128..comments2024-03-28T16:06:42.424-04:00Comments on EV Grieve: Live above the iconic Block DrugsUnknownnoreply@blogger.comBlogger10125tag:blogger.com,1999:blog-5694390946037511355.post-45657205135475733392020-02-05T11:02:00.246-05:002020-02-05T11:02:00.246-05:00Who wants to pay $10,000 to walk past garbage cans...Who wants to pay $10,000 to walk past garbage cans to get to your door? Depressing entry and hallway. Tiny rooms. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-48489530210554168802020-02-04T09:28:14.642-05:002020-02-04T09:28:14.642-05:00It may be an old building but units can be deregul...It may be an old building but units can be deregulated for many reasons over the years. When that happens the units are subject to market rates. Total gut renovations, which is what this sounds like, is one of the reasons. Small rooms with no amenities makes the $10K/month a bit of a puzzle though. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-89574395912261346232020-02-04T02:09:34.483-05:002020-02-04T02:09:34.483-05:00The dream is to find a super bargain. That rent s...The dream is to find a super bargain. That rent stabilized apartment with insanely low rent locked in. A quirky old apartment with character and a landlord with a heart of gold who takes care of the place as if they were charging market rate. Just a god fearing person who follows the law and does not look for loopholes, because that would be immoral. Ha, ha, ha, ha ha.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-40589519252813119452020-02-03T15:36:33.015-05:002020-02-03T15:36:33.015-05:00@1:02 and 10:31, 9:46 here -- The question was how...@1:02 and 10:31, 9:46 here -- The question was how could the rent get that high. Until last year rent stabilized apartments could be deregulated upon a vacancy and/or after the rent reached a certain level. So, if the apartment was vacant and renting for more than $2,774, it would become market rate(vacancy decontrol). If it was vacant and renting for less than $2,774, the owners could do renovations, raise the rent based on a percentage of the renovation costs, and if the new rent went above $2,774, it would become market rate. So, my answer is, that's how rent gets that high in an otherwise rent stabilized building. <br /><br />Luckily, laws concerning vacancy decontrol and increasing rents based on building improvements were both changed last year, so this shouldn't happen anymore. It's likely that this apartment had been deregulated way before the new legislation, tho. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-62797238206855607042020-02-03T13:02:58.936-05:002020-02-03T13:02:58.936-05:00@10:31 - I think the question is how the rent got ...@10:31 - I think the question is how the rent got so high in the first place. Even with renovations, the rent can't jump that high unless it was already deregulated. And that's probably worth investigating. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-2261476850435334492020-02-03T11:44:58.856-05:002020-02-03T11:44:58.856-05:00AKA railroad flat. And TWO bathrooms for FIVE bedr...AKA railroad flat. And TWO bathrooms for FIVE bedrooms, good luck with that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-19055260157135268342020-02-03T10:31:20.263-05:002020-02-03T10:31:20.263-05:00"The rent can get that high due to an increas..."The rent can get that high due to an increase (a percentage of renovation costs) following a vacancy."<br /><br />There's no rent control for apartments that expensive, it's doesn't require a renovation. Landlords can set whatever rent they want. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-82270978817195743952020-02-03T09:46:41.022-05:002020-02-03T09:46:41.022-05:00That apartment was obviously renovated. The rent c...That apartment was obviously renovated. The rent can get that high due to an increase (a percentage of renovation costs) following a vacancy. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-21347543738044101982020-02-03T09:30:39.553-05:002020-02-03T09:30:39.553-05:00Five bedrooms?!? I think we know what market this ...Five bedrooms?!? I think we know what market this apartment is designed for, and it's not families. Gojiranoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-46078562925469387682020-02-03T08:43:47.306-05:002020-02-03T08:43:47.306-05:00How does an old Pre-war Rent-Stabilized building w...How does an old Pre-war Rent-Stabilized building with no renovations get the rent that high?Anonymousnoreply@blogger.com