Greedy Landlords Causing Storefronts to Sit Empty?
The Daily News has a story about how the one-two punch of unrealistically high asking rents and the recession has resulted in a number of empty storefronts in brownstone Brooklyn. Cases in point, where retail spaces are still empty after rent increases: the dry cleaner on Court and Baltic that had to vacate after the…
The Daily News has a story about how the one-two punch of unrealistically high asking rents and the recession has resulted in a number of empty storefronts in brownstone Brooklyn. Cases in point, where retail spaces are still empty after rent increases: the dry cleaner on Court and Baltic that had to vacate after the landlord hiked the rent from $2,500 to $6,500 a month; Royal Video, above, which left its old Flatbush Avenue spot for a smaller one after the landlord was said to be asking $10,000 a month for the space; and a Myrtle Avenue shoe repair that shut down this fall. It seems, however, that while there are certainly examples of greedy/delusional landlords to be found, there aren’t an overwhelming number of fresh vacancies on the main retail drags in Cobble Hill, Prospect Heights, and Park Slope—that these guys tend to be the exception, rather than the rule. Thoughts?
Brooklyn Storefronts Empty [NY Daily News]
Photo by plangently.
ENY- what me??? pissed no not at all, you mean you dont think my legislative suggestions are good ones???? I cant imagine why not
fsrq…that generous $25,000 you offered is not that much more than my illegal Mexican bf makes.
Ah, I can relax today. It’s my buddy FSRG’s day to rant.
Go get ’em!
Greedy!!! You know who is greedy these sleeze ball condo/townhouse and Coop owners – You know I wanted to buy a 4 story Brownstone on 1st Street (btwn 8th and the Park) and I offered the seller $400,000 (U.S.!!!!) and the guy refused to sell – the greedy SOB didnt even make a counter offer. He’d rather keep the house empty then sell it to me for reall hard-earned cash! Can you beleive that!
They should pass a law that ties house prices to income – and prevent any home for selling for more than 15x the average faimily income of the U.S. – that way everyone could afford a home!
WELL SAID Minard, The government forcing private owners to subsidize residential housing has unwillingly contributed to a crisis in affordable housing. To even think about doing the same for commercial establishments borders on madness.
A landlord should have a right to be a greedy, shortsighted idiot.
Ironically, high rents in Manhattan have made many business incl. young chefs to set up shop in Brooklyn. The market isn’t perfect, it sucks when a well patronized, long time butcher has to give way to another bank or chain store but the alternative of Forcing LL’s to subsidize potentially mediocre businesses is worse.
Somebody pissed off fsrq.
5th Avenue in Park Slope, between Union and Berkeley – there’s a neighborhood pizza shop that closed almost 2 years ago (Feb 2008) – nothing has replaced it, and you’re talking about one of the busiest corners on Fifth avenue.
Anyone know the story behind that one?
Greedy??? You know who is greedy – these damn workers – you know I went to hire a manager for my business and I offered this unemployed guy 25K a year (plus a $500 a yr stipend for health insurance) and this guy turned me down!!!
Can you believe this greedy SOB would rather not work than collect a legitimate paycheck!!!!
Maybe we should have a law that controls the price someone can charge to work! and then limits their increases every year to 1%! That way I can hire more people!
The landlords are owners and masters of their properties and can do what they wish with them. The only thing I hope doesn’t happen and it would make me very mad, is if commercial real home owners start doing what the residential homeowners did. And that is first they bought at inflated prices and then start crying they could not make monthly payments so the government steps with our money to subsidize inflated home prices.