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Old 03-17-2022, 11:56 AM
 
125 posts, read 211,164 times
Reputation: 54

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Quote:
Originally Posted by MickeyZ View Post
You and I were close in log# (under 1100). Have you heard anything from your specialist lately?
Nope. Not a damn thing lol. And I check that email everyday ... like four times.
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Old 03-17-2022, 12:36 PM
 
173 posts, read 147,840 times
Reputation: 143
Quote:
Originally Posted by OLDSKOOLNYC1 View Post
That wasn't you last weekend was it? I had a "newbie" ask to borrow a wine opener, funny thing is, I just opened the box that held it. I'm still living out of boxes and, just had our new bedroom set delivered yesterday so, I slept on a real mattress for the 1st time in 2 weeks! Imagine me calling someone a newbie but, I'm definitely not the newest on my floor in 645, all of the doors seemingly have the "Welcome Home" tags.
Haha not me!

Quote:
Originally Posted by MickeyZ View Post
Thanks for letting us know! I was expecting to have heard something by now. You’re not on 14th Street, right? I wonder why so many are on your floor and how they determine which are lottery apartments.
Nope, I'm on the Ave C loop. But, like macnyc2003 was saying, the Welcome Home signs don't necessarily mean lottery units either. I am pretty certain the unit next to me is going to be lottery though... the renovations seemed extensive and I could hear them banging in the mornings from my apartment
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Old 03-21-2022, 12:00 PM
 
29 posts, read 32,621 times
Reputation: 15
I found this pdf. It outlines many aspects of ST/PCV. I hope it useful.

https://therealdeal.com/wp-content/u...ering-book.pdf
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Old 03-21-2022, 01:44 PM
 
Location: Eric Forman's basement
4,793 posts, read 6,623,234 times
Reputation: 1997
That document does have a lot of good information, but it's out of date. For instance, it talks about a construction project to be finished in 2006. So it's at least 15 years old. From the sound of it, MetLife prepared this document when looking to sell the property. It was purchased by Tishman Speyer, ugh!
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Old 03-21-2022, 01:49 PM
 
Location: Stuytown
240 posts, read 324,102 times
Reputation: 64
Quote:
Originally Posted by macnyc2003 View Post
That document does have a lot of good information, but it's out of date. For instance, it talks about a construction project to be finished in 2006. So it's at least 15 years old. From the sound of it, MetLife prepared this document when looking to sell the property. It was purchased by Tishman Speyer, ugh!
I think it was produced for the potential sale to Blackstone. On page 9 it has info dated 2017.
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Old 03-21-2022, 02:28 PM
 
Location: Eric Forman's basement
4,793 posts, read 6,623,234 times
Reputation: 1997
That is a projection. According to this article, the document was prepared in 2006. You can read only the first paragraph if not a subscriber.

https://therealdeal.com/2015/11/09/t...ey-wonderland/
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Old 03-21-2022, 02:43 PM
 
Location: Stuytown
240 posts, read 324,102 times
Reputation: 64
Quote:
Originally Posted by macnyc2003 View Post
That is a projection. According to this article, the document was prepared in 2006. You can read only the first paragraph if not a subscriber.

https://therealdeal.com/2015/11/09/t...ey-wonderland/
Thanks macnyc. Looking through the pages, particularly page 7, I wonder how close to the number of market rate vs. rent regulated apartments is that count today?
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Old 03-21-2022, 03:04 PM
 
Location: Eric Forman's basement
4,793 posts, read 6,623,234 times
Reputation: 1997
Good question! I know at one point, a few years ago, 50% of the units were deregulated, and I'm sure it's higher now. Although this starts to get really confusing because those units were reregulated as the result of a lawsuit, and they are technically rent-stabilized now. But rent on those units rose really fast during the time they were unregulated and market rate.

Whole books have been written about this!
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Old 03-21-2022, 03:32 PM
 
151 posts, read 201,165 times
Reputation: 34
I had been wondering about the 1 bedroom vs 2, 3, and 4 breakdown. Interesting that the 1 bedroom is the most common but the longest wait for the lottery now.
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Old 03-21-2022, 03:48 PM
 
Location: Eric Forman's basement
4,793 posts, read 6,623,234 times
Reputation: 1997
I do find that puzzling as well.
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