5,000 FiDi apartments could be eligible for rent regulation

doing wonders for the values of Fidi

Tom Goodkind! Great guy ... he used to run a punk club/party/whatever at Irving Plaza in the late 1970s.

Oh, and the revived and then relocated Peppermint Lounge. And the very very short-lived Rock City. And probably others.

Yeah, they're stabilized, but at their current market rates. That may mean something 15 years from now, but with rents down 10% and rent stabilization allowing for 3% annual increases, not sure there are any immediate impacts.

Yeah, the new rent stabilization is somewhat meaningless.... I've seen those leases, with $6k stabilized rents...

except it is possible that when some landlords removed the apartments from rs due to luxury decontrol they raised the rents more than allowed. some of the rents could be rolled back for a number of years, it seems, and then RS-level increases applied from that date to obtain a current rent. for many units it likely won't make any difference, but for some, particularly larger units, it very well could.

alanhart: between your trips to mudd club and club 57 and irving plaza you must be quite the hipster. wonder if i ever ran into you.

"Yeah, they're stabilized, but at their current market rates. That may mean something 15 years from now, but with rents down 10% and rent stabilization allowing for 3% annual increases, not sure there are any immediate impacts."

Well, it sure beats 10% and 15% rent INCREASES, which is what we had been seeing in recent years.

Also, a guaranteed lease renewal, for people who aren't interested in living like gypsies, is worth a "guaranteed" 3% annual rent hike.

"Rent stabilization?

I'm so tired of poor people."

Me too!

The city is SOOOOO much better now that the Wall Street breeders have taken over, with every corner of Manhattan infested with skinny-assed white bitches wearing Prada pushing double-wide strollers and toting yoga mats.

wonderbra, I'm surprised I can see your comment.

apt23, could be, could be. But I've never been to Club 57 (St. Marks), and I pretty much only went to Mudd on a particular night, I think Mondays, I forgot why. Mostly Tier 3 at that time, with Max's and Hurrah in the mix if the wrong bands were playing.

I was young.