100 Clark Street Hits the Market
It’s been a while since we’ve heard any news from 100 Clark Street, the building at the corner of Monroe Place that owner Penson Companies let deteriorate until DOB ordered a partial emergency demolition on Memorial Day Weekend 2008 because conditions had become “imminently perilous” at the site. The prevailing theory at the time was…
It’s been a while since we’ve heard any news from 100 Clark Street, the building at the corner of Monroe Place that owner Penson Companies let deteriorate until DOB ordered a partial emergency demolition on Memorial Day Weekend 2008 because conditions had become “imminently perilous” at the site. The prevailing theory at the time was that it was all part of a grand plan to rid the building of its three pesky rent stabilized tenants who were paying a combined total of $1,742 per month in rent. The new listing from Stephen Palmese at Massey Knakal notes that the three tenants still retain occupancy rights but that preliminary settlement papers have been drafted. The total buildable square footage is also given as 7,976, along with a disclaimer which probably has something to do with the fact that the building was overbuilt by more than 1,200 square feet before it was torn down and it may not be crystal clear what size it could be rebuilt to. The rendering, at right, gives some sense of what might be possible though. There’s no asking price, just a request for bids. This’ll be interesting.
100 Clark Place Listing [Massey Knakal] GMAP
What’s Up at 100 Clark Street? [Brownstoner]
Emergency Repair at 100 Clark While Court Fight Continues [Brownstoner]
Emergency Demo at 100 Clark Clears Tenants [Brownstoner]
‘Dereliction of Duty’ in Brooklyn Heights [Brownstoner]
By thwackamole1 on April 8, 2010 3:18 PM
Actually RC/RS benefits a relatively small number of people in core manhattan and Brooklyn Heights/Park Slope.
200k people max.
Source?
Maybe factual, but would be nice to see census data that backs up the claim.
“I think RS/RC is great and should be increased, but should be means-tested. But that’s beside the point”
Nope, that’s exactly the point.
“The owners of the building were the real culprits here, allowing the structure to literally fall down.”
Do you expect owners who are prohibited from charging market rents to go out of pocket to fix RC buildings? Your sense of social welfare entitlement is astonishing.
Actually RC/RS benefits a relatively small number of people in core manhattan and Brooklyn Heights/Park Slope.
200k people max.
Rents elsewhere are usually pretty close to to RS rates (or the renters are covered via housing authority or section 8).
The RS apartments are in far worse condition though, and there’s a welfare loss from the inflexibility and litigiousness of the system, not to mention the decreased property taxes, legal parasites, huge numbers of housing court cases, etc.
I think RS/RC is great and should be increased, but should be means-tested. But that’s beside the point-
I think it’s hilarious how much people hate on RS/RC, and would am totally willing to keep it in its present state if only to keep everybody rabidly freaking out. Very entertaining. Even better than bike lanes.
Golden handcuffs.
That is rent control.
RC and RS are outdated, but the tenants weren’t breaking any laws. The owners of the building were the real culprits here, allowing the structure to literally fall down. Amazed that no pedestrians were killed by this eyesore.
I just want to add that when the DOB started to demolish this building, everyone, including the Landmarks Commission, was shocked. The building was no worse or better than it had been for years. A slight bulge on one of the walls had been there since the Truman Administration. The owner wanted to restore the building from top to bottom, and was in negotiations with three tenants for buyouts. Unfortunately that process had stalled and that’s when the DOB moved in, alerted by a 311 call that there was a “bulge”. The ancient bulge induced hysteria among the DOB engineers and the demo crew moved in a few hours later. Scary.
It benefits 3,000,000 New York City residents, thwackamole1.
Good luck getting that pig to fly.
Let’s get off our collective butts and go tell Dan Squadron THIS SUNDAY (at 2PM at Boro of Manhattan Community College) that rent control DOES NOT BENEFIT THE COMMUNITY!