rent

Soup, Subways and a Study — The Hook-up (5/25)

Via Di an Di instagram

Happy Friday Greenpoint! As per usual, we’re at the top of the list. This time, the list in question is Patch’s “Best New Places to Eat in NYC.” Di An Di (68 Greenpoint Ave), the new Vietnamese eatery on Greenpoint Avenue, takes the top spot.

But, how will we get there? Turns out that the MTA is undertaking a major 10 year overhaul of the entire subway system that may lead to extensive closures on the G within the next five years.

One study finds a silver-lining in all that subway work: several communities near subway stations have seen rents fall in the past year. The study concluded that rents for a 1-bedroom around the Nassau G fell 20% in the last year.  Continue reading

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NYU is in the Pencil Factory, The BQX isn’t in the Budget, and NYC blames Airbnb for Rising Rent — the Hook-up (5/11)

BQXRendering_Greenpointers_Cadkin
Not Today, BQX

Happy Friday, Greenpoint! Say hello to our newest neighbor: NYU School of Medicine. NYU has signed a 15-year lease for nearly 17,000sqft of space at 74 Kent Street, and will open a physical therapy and imaging center.

While we will be getting NYU, we won’t be getting BQX. Mayor de Blasio did not include the project in his budget for the next fiscal year, and the city’s Economic Development Corporation also declined allocate funds for the Gentrification Express.

Speaking of big budget items, the former Greenpoint Mechanics and Traders Bank at 144 Franklin Street is on the market for $6.5 Million.

If that sounds steep, the city hopes you’ll blame Airbnb. A study from the city Comptroller finds that airbnb listings have driven rents in Greenpoint up about $100/month. The Comptroller also blames the company for rent increases and homelessness across the city, a very steep charge to level against New Yorkers who share their homes on the platform because rent is so high in the first place.  Continue reading

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The L train is Clobbering Rents and Riders are Clobbering Each Other — The Hook-up (3/30)

kent street greenpoint brooklyn
We know Greenpoint is Gorgeous. Could rents be dropping thanks to L-pocalpse?

Welcome to the Hook-up. We all know the MTA is a diva. But this time it’s not (all) about the L-pocalypse. In fact, this week, MTA honcho Andy Byford was crowing about a different set of repairs. His goal is to update the subway’s pre-war signal system, and he suggests he can get it done in 10-15 years! To put that in perspective, other estimates peg the time frame at 40 years. How will he do it? Suspending a lot of weekend service.

But anyway, back to L-pocalypse. If there’s any silver lining within the impending doom that is the L-train shutdown, it might be that rents have already begun to fall in North Brooklyn ahead of the closure. 

Presumably, those still renting in North BK will be sanguine about the shutdown, and go about their lives as best they can. But not everyone was so serene on the subway this week. In fact, a 25 year-old man punched a 5-year-old in the face on the G train on Monday, and checked himself into Jacobi Medical Center. Police cannot question or arrest him until he is released.  Continue reading

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Greenpoint on the Map for Rent-Regulation Racket

greenpointrentmap
If you live in Greenpoint, there’s a decent chance that you might be unknowingly sitting on a rent-stabilized goldmine.

State and city officials have been doubling down their efforts to expose the unscrupulous deeds of landlords overcharging their tenants. So far, the “Real Estate Tax Compliance Program” has turned up 194 building owners who’ve been charging market-rate prices but raking in tax breaks under the 421-a program. Of interest to you, perhaps, is that those 2,400 units are concentrated in Greenpoint, Williamsburg, and Bed-Stuy (see here and here).

What this means: a number of Greenpointers paying market-rate rent may soon get the rent-regulated leases they were legally owed.

Continue reading

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Assembly Passes Series of Tenants’ Rights for Out Of Control Rents in Brooklyn

Greenpoint Waterfront © Wikipedia

The rent is too damn high! We hear this phrase as a catch-all these days, ad nauseum, to describe New York City’s hostile housing situation. But cost of living in this city is no joke – the rent really is just too damn high for most of us. And there’s no end in sight, with rents averaging over $3,000 per month while the average income is dropping. Continue reading

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Craft Epidemic, Hipster Vet, Levin Loves Girls, $300 Difference, 106 New Bars, Homeless Stabbing – The Hook-Up 9/16

Artwork by Tamara Garvey

 

We all know how crafty Greenpointers are, well, now we have a new 1500 square foot classroom in the Pencil Factory studios that will be teaching classes beginning in October. (BB)

What’s young, bearded and likes to ride bikes in Greenpoint? Hipsters? Try Afghan Vets. (Brokelyn)

Steve Levin won by a landslide, but he may not win the hearts of Greenpointers when it comes to bringing TV show tourists to our “calm, humble” neighborhood. (Greenpoint Gazette)

Recent reports from real estate insiders now say the difference in cost of an apartment in Greenpoint versus downtown Manhattan is only $300. (NY DailyNews)

Homeless people are stabbing each other with ice picks at Greenpoint’s least favorite place ever.

And you thought that our neighbors to the south already had enough bars, over 100 Williamsburg businesses are applying for liquor licenses this month alone. (DNA Info)

 

 

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GENERAL STRIKE: MAY DAY

© John Emerson

You have probably seen the signs around the neighborhood calling for a General Strike today, May 1, 2012. That means, no work, no school, no housework, no banking, no shopping. I like NOT doing all of those things, but what for? And what does this mean for Greenpoint?

According to the OWS.org website: “We are striking to halt the flow of capital, reclaim a tool of resistance, and unify movements against exploitation, repression, and corruption. You should join the movement and strike because: everyone else will be doing it and it’ll be fun and empowering. But more importantly, join because you’ve experienced exploitation, repression, and corruption, and you are aware of their impact around you. Join if you are forced to work and consume; if you want to have a choice for an alternative.”

“Everyone else is doing it,” is not convincing but a disempowered sentiment certainly lingers.

Janie Grenier, a 16 year resident in Greenpoint commented, “I believe people in Greenpoint and all over the city should follow their conscience on May Day. I admire and respect anyone’s choice to make a statement against income inequality and the essential injustice of the bank bailouts in the absence of meaningful help for struggling homeowners, the unemployed and the underemployed. That said, I hope the spirit of non-violence is observed by all, protesters and police alike.”

Continue reading

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