I just got my call from stuyvesant town

never be on the bottom.... RULE #1 of relationships...

i needed a laugh..thanks...I thought I hit the jackpot when they called and i hit nothing, absolutely nothing.

r u kidding me.. I was ready to marry you...

> The lower priced apartments went to people already living in stuytown

Well, of course. If someone is going to get a lower rent, better to have it come from someone who is already paying a lower rent and not willing to pay more. Then you get the extra increases from new tenants on two different buildings.

This was an old trick of a lot of the medium sized landlords I knew that rented apartments to a lot of my friends. Give a carrot for RS folks to move, and the moving helps them up rents overall.

Julia they will now prepare the vacated units for rent. If they decide not to renovate them they will be cheap. The more expensive renovated apartments are nonetheless rs. Got a rather gracious letter from tishman the other day explaining the process. But the next round of aptartments released will be too late for you.

I can sublet my current apart. if TS decides to not renovate but I think it will be a while for that to happen...thanks for the info.

Flexibility. That's great. I don't know how long it will take but I'm pretty sure they can only prepare and process so many at a time. But I think the process is being very closely monitored.

Julia was that just ST or Peter Cooper too? That stinks. I'm feeling down now too. I mean my friends got a 3 br for 3600 and you were offered a 1 br for 2995 - insane.

btw, there is a catch to folks who move...

"A tenant whose apartment was stabilized prior to the recent J-51 court decision and who accepts an offer for one of these 100 apartments will be moving from a fully protected traditional rent-stabilized apartment into one whose rent-stabilized status will expire at the end of the term of the J-51 tax benefit period."

cc: were yr friends existing tenants?

cc....the one bedrooms were from $2395-$2995 I don't remember if they were for both PCV and STuy...I think it was for StuyTown...the people who got good deals were current residents.

No - and they are renting 2 of them

Cc, as I've posted repeatedly many of the two bedrooms will ne the same price as the one. Some three bedrooms could be less. It's not the size, it's the number of vacancies and how much was spent on Reno and the number of years at market

I know AR but why wouldn't Julia ask how much the 2brs are too or do they have separate lists for 2brs vs 1 brs - understand - why wouldn't anyone just take the cheapest apartment if your name is at the top of the list.

Well Julia wasn't interested in 2 bedroom apartments. And if the 2 bedroom was 2900 it wouldn't have been the cheapest. There is no way that there aren't 2 bedrooms cheaper than mine. It's just a case of when they come up. Btw the whole process will be audited to confirm the rents are accurate.

good point...i did ask about the 2-bedrooms and they were higher than the one bedrooms. But AR has a good point about turnover. Bottom line, the apartments are not going to be inexpensive unless they're not renovated which I did ask about and he said no decision had been made. I also don't think that many apartments will be rented from the waiting list because most people were hoping for lower priced places. In the current rental market ST/PCV is not a terrific deal.

Except there is a possibility of these becoming very inexpensive units to buy. Good night.

and they were offering free months -like 2 free months before the rental freeze. The 2brs were down to around 3100 I think. So many doorman bldgs for less than 3K - JuliA large 1br in 70s on york 2195 listed today - why rent in sty

exactly...that's why it's not going to be a win for TS unless they start renting apartments w/o renovating them...this is a tough rental market for LL's...so my spirits have lifted for now.

I didn't know they were only doing renovated ones. THis just stinks. They'll get to me probably with this group now because of these high prices. Now I hope they don't call me for a while= hah what a change of heart

correct me if i'm wrong but not all newly rented apartments would necessarily revert back to stabilization. If the rent is not at $2k or the combined household income is not $175K wouldn't it remain under rent stabilization law.

From Curbed "the new Stuy Town leases will contain language saying that once the J-51 tax abatement runs out, the apartment can go back to a market-rate rent. Since most of the new stabilized rents on Stuy Town apartments exceed the $2,000 stabilization limit, it's safe to say many of these apartments will be returned to the clutches of market rates come 2017."

It says nothing about the 175k income limit, but I thought an apt needs to be BOTH over 2k per month and household income over 175k for deregulation???

ag apparently the income regulations have fallen by the way side which sucks for me because I'm in the qualification group. Anyway I'll wait for my call and see how much a 1 br in PC is at that time