Just realized that this issue of New York magazine was on newsstands 30 years ago this week… so here's a look back at the issue via an EVG post from June 6, 2008 ...
That's the headline for the May 28, 1984,
New York magazine cover story that I recently came across. The piece begins in the early 1980s with the rotting hulk of the Christodora and the young man eager to own it, Harry Skydell.
Skydell's enthusiasm was indeed mysterious. The sixteen-story building he wanted to buy, on Avenue B facing Tompkins Square Park, was surrounded by burned-out buildings that crawled with pushers and junkies. It was boarded up, ripped out, and flooded...Early in the seventies, the city had put up the Christodora up for auction and nobody bid.
The building was eventually sold in 1975 for $62,500. (Last I saw, two-bedroom units there — roughly 1,100 square feet — average $1.6 million or so. Of course, they're rarely available.)