what will it sell for?

Isn't that literally a few doors down from the Fulton Houses project?

Yes but on the backside. 10th is now 'fancy', but you'd have to do a tap dance to get to 9th at night.

PS first floor so yuck.

Pw, This type of apartments are hit or miss. The area has certainly improved since 2011. The finishes have another 8 year of wear on them. So perhaps 1.8mm range.

Did anyone watch the 60 minutes piece with Ray Dalio where he is concerned that if capitalism isn't reformed we are going to see class warfare? (https://www.cbsnews.com/news/hedge-fund-founder-ray-dalio-says-capitalism-needs-to-be-reformed-wealth-inequality-a-national-emergency-60-minutes/) I think the recent attacks on LinkNYC kiosks are evidence of some of that brewing (along with a bunch of other incidents like a guy getting robbed of his $1,000 iPhone on Rivington St). I think buying into a first floor, no doorman next to one of the more dangerous housing projects in Manhattan is not a great play in such an environment. It's also why I think 1 Manhattan Sq is going to continue to have problems: if you look at the talk from people in the neighborhood housing projects on public groups such as on Facebook, there is tremendous resentment against the building. If the day comes where a mob of the underclass is looking for an easy target, I think "luxury" residential buildings surrounded by housing projects are the low hanging fruit as opposed to Wall St offices. And I think the Highline area isn't in much better shape.

Anybody remember the attack on the Christadora?

This happens quite a bit in South America where an entire building will be taken hostage. I think about this here in East Chelsea, not exactly close to projects but still I consider my building a target. We're a block from a precinct but all it would take is for the d/ms not to show up and we would have to hire armed guards. Tack it on the maintenance. I bet the highline buildings have contingency plans. Celebrities etc.

stache you must be fairly close to my office.

Townhouses and non doorman condos in Brooklyn have far more to worry about potential social unrest from a racial mix and public housing crime rate point of view.

Do you really think these projects are some of the most dangerous in New York City? I moved into Chelsea in 1982, and quite frankly never found them to be dangerous. My father-in-law bought a brownstone on 22nd Street between 9th and 10th in 1958 some of my children still live there. I also lived on Avenue c in 1981 I certainly understand how the Dynamics of the city have changed.

I think it's being a little overly paranoid to start making decisions about an apartment purchase based on class warfare. You can't compare South America to the United States, there's no comparison, especially if you've been to the slums of Brazil (the only thing that comes a little bit close would be some native American reservations).

Keith Burkhardt
The Burkhardt Group

We had a problem with the weekday evening doorman for a while, not being at his post. I had a couple of altercations with guys trying to enter the building unannounced during that time. I think you underestimate the level of resentment brewing.

I lived through the 80s in New York, much more resentment then, the rich had less but the poor had much, much less and the city was in awful shape. It's like Disneyland today compared to what it was like. Our upper East side friends thought we were crazy for sending our children to West village nursery School in the 80's.

My point, things are significantly better now than they were. The standard of living is significantly better for all people. Whether you think the standard of living is high enough for all, that's for you to decide. But as someone who remembers the Bronx burning, the EV one giant drug den with zero police presence (I moved there in 1981) New York City is a much much different place...

I moved to NY in early nineties and Washington Square Park was not the safest place. There are still a few people selling pot but they are not aggressive in any way. I live in a non doorman loft building but no issues besides occasional homeless in front of our building. The city has much less crime than before. Of course, if the crime increases, which seems a very low probability event, expensive townhouses will be hit the most.

I wish I could fully recount here some of my stories. Lol. Aside from when I was at University, I've lived in NYC since 1960. I remember Bushwick after the 1977 Blackout (had friends who lost businesses). Was selling in the East Village during the liquidation of the 13th St Squats and Tompkins Square Riots. Carried a handgun for years (only had to pull it a few times). Know tons of people in public housing. Remember "K-i-l-l my landlord", "Die yuppy scum", etc

I remember when at night women would hail cabs on Avenues to take them to their apartments mid-block and wait till the got inside their buildings because they were afraid of being attacked.
I remember whenever I would visit friends on the UWS and they would always ask how I was coming so they could tell me what streets not to walk down.

Remember the Brooklyn Union Gas' "Cinderella" program to rescue blighted buildings in bad Brooklyn neighborhoods (Park Slope, at the time). And every exterior door had a Fox lock on it. This was within 2 generations of owners. If that period was the bottom, are we now still on the upside, cresting, or on the downhill. What will [pick your favorite] neighborhood look like in 40 years?

Or the homestead program where you could buy a building in the East Village for a dollar!

How many did you buy?

I always used to tell people that when I moved to New York, I moved to a neighborhood with three drug dens a block away, crack vials on my stoop, private security patrols in the fancy part of the neighborhood, and a rapist in the subway station, and that neighborhood was Park Slope.

All that was happening in Park slope??

There was a time where buildings in Park Slope were trading at 2X RR.

It was either this apartment or the one above it that we bought for $2.50
https://streeteasy.com/sale/1218316

Wow.

I moved to the 'good' part of Park Slope in 1987 (Saint Johns Pl, 7th/8th Ave). Most of the brownstones on the block had been cut up into apartments, with the one next door operating as an SRO, and a dump in the back yard. I was mugged on my block, twice within the first two years there. My cousin, 4 blocks away (and below 5th Ave), renovated the backyard area of her building after two problem tenants had been evicted, and cleaned out hundreds of needles and crack vials. Don't know who was paying for private security patrols - I never saw any.

I remember when it was Sector Seven, the last refuge for freejackers.

https://crudefutures.typepad.com/crude_futures/2006/02/park_slope_2009.html