Bed-Stuy: The New Lower East Side?
The Times has a story about an architectural designer who’s moved to Bed-Stuy from Alphabet City and claims that Brooklyn reconnects me to New York City as a cultural and social phenomenon. Michael Andaloro lived on Avenue B for more than two decades and sold two apartments there for $1.2 million last year; he originally…
The Times has a story about an architectural designer who’s moved to Bed-Stuy from Alphabet City and claims that Brooklyn reconnects me to New York City as a cultural and social phenomenon. Michael Andaloro lived on Avenue B for more than two decades and sold two apartments there for $1.2 million last year; he originally paid $60,000 for the properties. Andaloro recently bought a Bed-Stuy building for $775,000 and spent almost that much on renovating the structure, which he says was a 7 on the squalor scale. The new Brooklynite says he doesn’t miss the East Village, which was like spring break in Orlando on Thursday nights and that his new neighborhood’s diversity and possibilities are like the Lower East Side of lore. And, of course, he’s banking on his Bed-Stuy investment eventually paying off the same way Alphabet City did: I always figure that a bleak or notorious neighborhood translates into cachet one day.
Rediscovering New York as It Used to Be [NY Times]
Photo by …neene…
The building is located at the corner of Hancock and Malcolm X blvd. Love what he did to it. Love his spirit, drive and forward thinking. Best of luck to him
Anybody know where this buiding is located?
Seems like he must have purchased it under a different name or a corporation.
According to ACRIS he sold two apartments in the same building – one for 1.2 Million and the other for 499K in the LES.
Hey, you can’t win with this crowd. Agreed he may be a arrogant jerk, but he put his money where his mouth is, and invested in the community, as per the positive remarks above. And, as 9:55 said, he’s happy with his home and his investment. Who is anyone to try and negate that for him?
To the potential Stuy Hts buyer – if you are going to worry about it that much, don’t do it. There are plenty of people who are ready to embrace Stuy Hts and other parts of BS, and will not be prisoners in their homes. If you are going to be there with that attitude, it’s not the place for you. You think people don’t pick up that you either fear or don’t want to interact with them? Also, if you live in Clinton Hill, you live near one of the projects, so what’s the difference? Besides, Brevoort Houses is well kept, quiet and is for the most part, just lower income
subsidized housing. They have a large, active senior center, and a tenants association. Not all projects are the same, not all the people in them are out to get you.
Most of the people in all of BS, but Stuy Hts in particular, because the prices are so high, have a vested interest in keeping the neighborhood up, just as do people in Clinton Hill or anywhere else. These aren’t the people who will be foreclosed on, or in great danger of leaving. We are no different than anyone else. If you think we are – well……..
He sure came off better than you just did, 10:46.
That guy came of as such an arrogant shmuck. I cringed as I read that article.
He’s not a douche. He’s done a good thing for the neighborhood. He just thinks he’s Oscar Wilde (and he’s probably not). Queer eye for Bed-Stuy.
Hey 10:05 – The guy never claimed to be a voice for liberalism. Sounds to me like he’s keepin it real (am I allowed to use that phrase even tho I’m white? Or does that make me “what’s wrong with liberalism in America?”) and not indulging in any pretenses whatsoever. There is a diversity of street life and culture that many New Yorkers–regardless of their incomes or politics–appreciate, and which is becoming almost non-existent in a homogenized Manhattan. There’s nothing hypocritical about early adopters of underappreciated neighborhoods making improvements, and then wanting to find the next bastion of gritty authenticity when the very neighborhood they discovered winds up being overly-gentrified twenty years later due to their own impetus.
SoBro is a real estate term which refers to the South Bronx. Everything isn’t always about race.
Ah, Tis one should get about 60 hits. BTW Asshats meltdown is in full swing. So this dumbass will be stuck in the ‘Hood’. Tell him tho read this. Credit is drying up!
Some Wonder if the Banks’ Stabilization Fund Will Work
http://www.nytimes.com/2007/11/12/business/12siv.html?_r=1&oref=slogin
This is the main story, not this bullshit
The What
Someday this war will end…..