House of the Day: 227 Berkeley Place
We were wondering why the price tag on this Berkeley Place house was only $2,799,000. Then we got to the part in the description about the single rent controlled stabilized tenant in a studio on the top floor. Losing the half-floor of space is less of a bummer than the fact that you have to…
We were wondering why the price tag on this Berkeley Place house was only $2,799,000. Then we got to the part in the description about the single rent controlled stabilized tenant in a studio on the top floor. Losing the half-floor of space is less of a bummer than the fact that you have to keep the entire stairwell public. Then again, that’s why this place (which has some pretty kick-ass plaster and woodwork) isn’t priced in the mid-threes. It’s a tricky situation though: Most folks with $2.8 million to spend don’t want to be bothered with this kind of thing. Clearly the tenant doesn’t want to bought out or the current owners would have done so before putting the house on the market.
277 Berkeley Place [Corcoran] GMAP P*Shark
Photo by Kate Leonova for Property Shark
anon 11:27 is incorrect in sadly mistaken, and the name calling and obscenities undermine his or her argument.
Perhaps you could get a job and earn some money and buy a house instead of being a disgruntled renter
I don’t work for the same firm as this broker. And I don’t have a personal or business relationship with her of any kind. But I want to encourage all brokers and agents on this blog to not fall in to the trap of complaining about other agents. It is pretty petty. And think about it, if you are an agent who gets listings, it very well could be you the next time that people are talking about. Let’s all rise above this forum’s low tone folks and set a better standard for the industry. You really just make us all look bad when you complain about others on here.
“All the 20 somethings living in shared apartments directly subsidize deadbeat rent stabilized tenants subsisting on the public dime. They pay higher prices because these tenants don’t pay their fair share.”
Please let me catch my breath- I laughed so hard. Unfortunately, Eryximachus, it’s hard to take you seriously because your thinking process is so stunted. Whatever makes you think a landlord or a developer is going to desist from squeezing every last dollar out of their investment, rs/rc or not? Do you even know the barest minimum about market economics? Rs/rc tenants made the construction of new Housing difficult? Sorry, Ex but have you looked around lately?
Developers are building like crazy, charging insane prices- do you think scarano or ratner sets their prices based on rent controlled or stabilized tenants? Lawd! What are you using for brains? You obviously think every new apartment is or sold long before the building is up- but the reality is, places are sitting empty,(hey, idea!- you could get your 20-something 6 figure ass into one of those)but new condo and co op buldings are changing to rentals and still struggling to find tenants.
it’s pretty obvious you hate renters, especially rs/rc’s. Well I was one for many many years- still rent actually. In fact NYC is filled with renters and the landlords who need them to stay in business. Or keep their newly purchased brownstones but want to overcharge a tenant so they won’t have to make their own mortagae payments. Now let me just say this- I have had 2 incredible landlords. They take care of their buildings and go out of their way to do the right thing by tenants. And in general they get good tenants who care about their apartments. Its called karma. Perhaps the reason you can’t seem to find a place is because of your personality?
Ex has a lot of issues, lack of logic being the worst or them. When you have worked long and hard and paid as much in taxes as someone in an rc/rs apartment who has worked for 40 years, then you can complain.
Until then, learn how to wipe your own butt, clean up after yourself and get a grip. Life is not about you- I know its a shock. Just because you’re 20 whatever, no one owes you anything. You haven’t contributed a damn thing in this life yet, so where do you get off thinking people 30 and up owe you a cheap place to live or a free lunch? And while you’re thinking about all this (sure- I’ll give you the benefit of the doubt), learn a little more about rc/rs. No one subsidized my rent. No one. Certainly not you. But my landlord got lots of tax breaks and benefits. So scoot off sweetie- when you’ve learned enough to post with the big kids come back and say something intelligent.
I won’t comment on the pros and cons of rent stabilization/rent control since I’m neither a landlord or a RC or RS so I have no first hand experience to draw from or have any real formed opinion on the matter but I do know when something sounds ridiculous enough for me to point out and its this comment,
” Perhaps in five or more years the rent-protected tenant could die”
How awful does that sound? I can’t say any property is worth someone’s life or wishing someone would die.
The posters here have no idea what they’re talking about. Every one of my rent regulated tenants could afford a market rate apartment. If you think defending rent regulation protects lower income people wake up and look around.
park slope liberals
ugh
Also – while we talk about subsidies – why is it no one brings up the fact that NYC property taxes are extremely low compared to the surrounding areas.
So all you crazy home owners are getting a break to.
Posted by: Anon at May 30, 2007 12:34 PM
Ever heard of NYC income tax. They don’t have that in the surrounding areas, hence they finance with higher property taxes.
Who cares if E. makes 6 figures? That doesn’t make the concerns of other young renters any more or less legitimate.
Anyway, there’s plenty of entitlement to go around in NYC. That doesn’t make it any more defensible for one group to claim an entitlement to a benefit that others, maybe even more needy, can’t access.
If there are, say, 100,000 rent-stab apartments in NYC, then why not set the income threshold so that only the poorest 100,000 households qualify? Means-test it, and enforce it.
Anything else means that one set of have-nots is paying more so that another group (some needy, some not as much) can pay less.
and he’s in his late 20’s don’t forget.
whip out the violins….
talk about entitled youth.