Horn should be selling used Rolls rather than heading the DOC. His big "search" for alternative space is such bullshit. His agency stupidly sold off a perfect large site, the "Brig", near the Navy Yard, now comes begging for another "perfect" site. He sure didn't look hard for a substitute. Now he wants to add long term parking for con-victs, as well as housing for short term detainees. His "search" should consider a nice new site at, for example, the Brooklyn Navy Yard or nearby. Speaking of parking, do we really believe that 50 parking spaces for a staff to manage 1,500 prisoners passes the sniff test? Of course DOC staff NEVER park on sidewalks or do ANYTHING adverse to the
neighbors.

Dear Commish: reopen the HOD as it stands.
Anything more, even one inch, you'll be meeting the community in court. Your double talking and the capriciousness of recent DOC choices will come to haunt you, so don't think one word has been forgotten, honest.

Posted by: billthebroker at June 6, 2008 7:19 PM in response to Commissioner Horn Answers Questions About HOD

I'm dizzy from the comments about 145 Bergen Street. Ex-lease means month-to-month. There are NO rentcontrolled or stabilized tenants as our listing asserted.

Some personal observations about ownership:
My first house in Brooklyn, around the corner, cost me $9,000 in 1970. I may have overpaid. Lived there 24 years. 3 years ago I bought for cash (saving $50,000 in fees) my current home on Pacific Street/Bond at
$1,250,000. Like 145 Bergen it was a 4 fam.
Invested $250,000 to duplex the bottom 2 floors. I could sell for $3,000,000 today if I wanted to. There are other houses in the same nabe that are up to $4,000,000.

Net of the above: the Pacific house was the better deal. Go figure. My best guess is that this asset is appreciating at 13% annually. All housing markets are unique and this one happens to have been golden. I don't
know about yours--I just hope it has been as good.

Posted by: billthebroker at March 14, 2008 7:15 PM in response to House of the Day: 145 Bergen Street