compass rock decides to raise rents midlease
Started by cccharley
over 12 years ago
Posts: 903
Member since: Sep 2008
Discussion about
Notices went out today that COMPASS ROCK has decided to take advantage of the ability to raise rents midlease for all STPCV apartments whether they received any monetary compensation or not. They are worse than Tishman Speyer. They had the choice to wait till end of your lease or do it midlease and decided to basically kick everyone out since most tentants cannot afford a $400-1500 monthly... [more]
Notices went out today that COMPASS ROCK has decided to take advantage of the ability to raise rents midlease for all STPCV apartments whether they received any monetary compensation or not. They are worse than Tishman Speyer. They had the choice to wait till end of your lease or do it midlease and decided to basically kick everyone out since most tentants cannot afford a $400-1500 monthly increase. Not only that they only are giving a 2 week notice to MOVE. Get out or pay up. No notice was received prior to this increase of what the amount would be. Additionally, services since Hurricane Sandy have not resumed. There is still no laundry, broken intercomes etc. Many of the lease increases are more than renting the apartment on the open market. As of last month many 1 brs in PCV were going for $3250 - depending on the location. These for apartments that were newly renovated with top appliances etc. So basically they are raising rents over market rate in order to flip the apartments again. Most of these apartments did nor receive any compensation from the Robert's case. Nothing. I suppose it's now off to housing court or move. Who in their right mind will pay $3600 for an apartment without services? [less]
In sure Aboutready will contribute some of her lawsuit windfall to some of the more stretched tenants.
But cccharley, why would the landlord cut the tenants any slack, after all that's gone down?
The class-action tenants certainly didn't negotiate for any less than *they* could get.
If the other tenants (the ones not sharing in the $69,000,000 or whatever it is) can't afford the new rents, then they'll need to move.
They are raising them above market
And they are not providing services.
Services?
Then the tenants will wisely choose to move rather than pay above market.
Then the landlord will either sit on empty apartments or drop the rents to market and get new tenants.
I'm missing what the problem is here.
>I'm missing what the problem is here.
Everyone has a complaint. Everyone is entitled to free legal settlement money from their landlord as well as a special law enforced by some commission to protect their Park Ave terrace and other similar discrimination.
No laundry - service that is supposed to be provided.
NWT -- I got your point. I will no longer post. I'm looking for other people who rent here so I will repost regarding that. I'd like to know what is going on in their buildings. I am stating facts. If you don't see the problem leave the thread please. I guess I'll go to housing court regarding the services which are not being provided.
Housing Court because they won't do your laundry?
Thanks for reminding me the worst part of owning/managing full service buildings: full service tenants!
According to Brooks2, in a nice full service building, all you have to do is to remind your landlord how great and valuable of a tenant you are, and then they won't raise your rent.
This isn't a full service building and I don't know who this greensdale is but he cannot read English. They aren't doing our laundry - we have no washers and dryers in the building and they say we are a luxury property. haha - a luxury property with no doormen and one in which there have been burglaries and robberies recently because there was no security and the front doors were left wide open. Nobody asked them to do our laundry for us. Idiot. They also poisoned us with whatever they pumped up through the heating system all winter. Many of us were sick all winter - for months. Doesn't matter. They obviously want all the tenants out on the street so they can sell the property. I was not involved in this lawsuit at all. I don't need your nastiness. I never had an inexpensive rent. I pay a decent amount for crap.
I'm pretty sure I can read English. I think you are just too upset because you are actually talking about going to Housing Court to sue because you don't have washers and driers. Now you are on some rant about the definition of a luxury property. You are telling us now that when you signed the lease you didn't know there were no doormen?
Sorry to disagree with an internet troll, greenberg, but you and I really have to agree with cccharley here. As ridiculous as the use of the term "luxury" is in the NY real estate industry, at a bare minimum (except perhaps in townhouse-like boutique buildings), it should mean there's a doorman or someone of that sort at the entrance. Even Madelyn Cates at the window in The Producers will do. So they needn't specifically mention that.
I'm nearly certain that, under RC/RS, loss of laundry facilities would be considered a major reduction of services leading to a permanent reduction in rent. In this case, Act of Gods would counter that, but really for how long? Six months to rewire and get new machines in? I'm no Judge Judy, but I don't buy that.
And given that a major brewery was eminent domained to provide housing to white WWII veterans like cccharley, I as a drinking taxpayer insist that justice prevail.
Speaking of English: matsonjones, the word "of" does not belong in that sentence. No Calispeak, thanks.
Let's see: there are 11,250 apartments.
4311 of them were retroactively deemed "improperly deregulated". Many of their former and current tenants are members of the class and will share in the $69,000,000.
It's too bad that all must suffer for the benefit of the few. Maybe a new set of lawyers -- not those who've already been at the trough -- can help get you the services you insist on paying for.
Hard to maintain any luxury when people who owns/owned the property keeps getting screwed. If you don't like it you should move. You should not have any entitlement at the expense of others. You can argue that you didn't get any part of the settlement but it doesn't change the fact you are paying below market rent. Its a zero sum game. Many people would pay 3600 for a building with no services...
Wait, I'm confused. cccharley said all tenants are getting mid-lease increases. But the tenants' association at http://www.stpcvta.org/ta/post/roberts_tenant_or_not_join_our_press_conference_and_rally_today_at_10am says it's just the Roberts-windfall tenants.
That makes sense, as those're the tenants who negotiated the mid-lease increases and the amount of the settlement.
The reduction in services still affects everybody, of course.
Its ridiculous that the laundry rooms at STPCV have not been fully restored. That many laundryless tenants must make the local laundromats a mad house. And what about the substantial sector of tenants (some of them original residents) who are frail elderly and require care. Does a caregiver have to leave for several hours to do laundry (which could pose a danger to the patient) or schlep the patient to the laundromat?
Regardless, the danger here is that based on cccharley's post it is only the market rate tenants who are being hit with the rent increases. In many cases this means students and post-grads who don't have much invested in the community or much stuff--they can easily move to wherever Mommy and Daddy are willing to pay the rent. The well organized RS/RC tenants have no skin in the game. (I am assuming you are market rate because of when you moved into STPVC.)
Before investing in a lawyer, I would contact "Town and Village" (yes they are an archaic dead tree vehicle trying to recreate the STPVC of Mad Men days) and DNAInfo and see if they know of anyone who has also has contacted them in opposition to rent increases. Then get a hold of that person/s and see what you can do on a class action (or at least combined).
Go CC!
The tenants in the few buildings that got flooded can take their laundry to another building in the complex.
Again, the Met Life party is over. The tenants wanted to play hard ball, so now the new owner has to, too.
The underlying problem is that Met Life (then a non-profit organization) had its party supplies provided by the public. We're not talking about a bona fide private-sector property here.
There are no longer any market-rate tenants. They become RS again.
The increases cccharley is talking about are explained under the "Why/How/When Rents Could Go Up" sections at http://www.garodnick.com/press-release/roberts-settlement-plain-language
In that case I'm sure glad my taxpayer dollars are no longer funding your below market rent then.
Bottom line is people were lied to. There are new tenants who moved in the past month. Sorry we aren't all lawyers who understand all the clauses but they were told by leasing that this mid lease rate hike will not take place. Someone apparently has it in writing. I do hope some people have it on tape. Attorney general is involved. Can you imagine signing a lease 3 weeks ago, moving in 2 weeks ago, and now getting a rent hike? It's absurd. A computer spit out the hikes without any concern about your apartment condition or problems with your building. There are a lot more problems than laundry.
NWT do you work for them since you know so much about our laundry predicament? Who wants to go to another building and walk all over waiting to do your laundry? Same as using a laundramat. Whatever. It ain't over till the fat lady sings so to speak. Have a wonderful day.
Hi Alan!
^^ minutes after my post, here's trollcccharley with her "Hi Alan!" Sixteen hours and thirty minutes into Wednesday, the fifteenth of the month of May in the year of our Lord 2,013 ^^
[Hi!]
Elected officials and the media (okay NY1) are already involved so I really doubt they will be able to get away with the mid-lease gambit regardless of what the Roberts settlement allowed.
And yes, it is a huge PITA to have to take laundry anywhere but outside your own building is the same as laundromat and besides the number machines is calibrated to the number of residents in that building. In other words there is bound to be an "overload" (no pun intended). What's more annoying than doing laundry? WAITING to do laundry. We all have better things to do.
Plus those buildings are in superblocks, so laundromats are a hike and a half away.
Occupy Stuyvesant Oval!
Stuttering Charlie, building and apartment problems - hope they get fixed. Lease costs are because of the legal settlement so look to the people who were involved in and benefitted from the lawsuit.
My own store of pity is used up elsewhere. Nothing left for the tenants who have to walk across a lawn to do laundry, or who signed leases without reading them.
For the nth time, read what your councilmember writes:
"CW Capital has the right to raise rents in the middle of the lease term once this settlement is final. While this may become their legal right, any effort to raise rents on residents during their current leases will be met with sure and certain opposition from the entire community, the local elected officials, and the broader community of tenant activists."
What he doesn't say is, how that hissy-fit opposition will get anybody anywhere.
The councilman bears blame, but because of term limits, he focused on what he wanted for the short term.
NWT what do you have to do with this if you don't live there and have no interest in CWP? Do tell? Anyway, since you are obviously pissed at the tenants here for some reason I will just ignore your future posts. The senate, AG and other politicians are involved as well. We'll where it falls when the dust settles. As I said - you have no idea what the problems are with individual apts if you don't live here. So you really can't say - can you?
Stuttering Charlie, you are very angry. No laundry on the building is no excuse for wearing the same underwear day after day.
I will add it is very sad what happened to this board as well. It was a nice community a few years ago. Now it's just a bunch of yahoos who repeat themselves over and over again. Look at your own posts. I got one post from someone who knows what's going on. Have a nice night.
>I will add it is very sad what happened to this board as well. It was a nice community a few years ago.
http://streeteasy.com/nyc/talk/discussion/26820-what-do-you-miss-about-old-nyc
They have already pushed the deadline to July 1. I still don't see them enforcing the mid-lease increases, the publicity would be brutal and as a result they could risk having problems leasing a high volume of vacant apartments, especially at inflated rents. I'm not usually an optimist but this time I am hopeful. As cc says "we will see where the dust settles".
Good luck with it.
http://www.twitlonger.com/show/n_1rjvtq0