bedstuytreasurechest.jpgThe 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…


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  1. 3:44 – Lets see a rich guy from manhattan moves into a predominatly black neighborhood seeking a large home with a MANDATORY garage. Gut renovates the building renting out market-rate apartments finished in Granite with CENTRAL air-conditioning and a security system and then moves in a bunch of (white?) transplants from Texas and Iceland and a male model and students to complete the deal. And now the normally outraged Brownstoners are all shocked that anyone would dare criticize this guy.

    The hypocricy isnt the subject of this article its YOU, the normally anti-gentrification, anti-development, anti-car of any kind, anti-market rate rents, anti-greed, anti-everything Brownstoners who post with such intellectual clarity about such developments day after day but today is different – WHY? because this guy is a ‘designer’ (of Chain Stores no less) or because he may be gay? or because he shares his vacuum? Or is it because he attacks Manhattan as boring and bourgeois.

  2. People, people, please. If this gentleman had moved to Park Slope or Cobble Hill and made such comments, yes, then by all means criticize.

    But websites like Brownstoner should serve only to encourage investments in neighorhoods like Bed Stuy. They cannot be held to the same standard!

    What he is doing is a moral good, and all else fades away in comparison. Mister Brownstoner, a veil of protection, please!

  3. to 3:15 and 3:22, i believe 2:25 is saying that their kids were already enrolled in a school before they moved to their new neighborhood.

    if the kids are already in a school, and already have made friends, and enjoy their current school, why move them to a new school unnecessarily?

  4. why do we constantly speak ill of people who move into a neighborhood that clearly needs new blood, invest their money and themselves and like/speak well of it. Even if 5 yrs later they sell and make half a million dollar profit, what is honestly or morally wrong with that? what’s wrong with your people? Is it that hard to have a positive view of life and events? Get a life!!

  5. 1:25 – $1,200,000 divided by $60,000. Try 2000%, not 200%. I know the math is tricky, but if you stick with it and work hard, maybe someday you’ll be able to solve complex mathematical equations such as this one.

  6. why bother, 3:15?

    someone who has no regard for the schools in their own neighborhood signals one thing to me…

    they only want to be a “part” of the neighborhood if it involves raping it for as much $$$$ as possible.

    if it involves any work besides whining about the lack of services or installing new miele appliances, they aren’t interested.

  7. “…school’s no problem, because ours are already enrolled in good ones.”

    If you love your neighborhood so much, 2:25, why not enroll your kids in their local zoned school and get to work on the PTA to make IT a good one?

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