My NYC Black Folk......Gentrification

[88m3]

Is that what it takes? lol

Nah, just tearing down the nycha buildings, everything not landmarked, tax abatements, and express subway lines. Displacing people is easy.


I was asking because I'm looking for neighborhoods to look into moving/buying in potentially.


My neighborhood has gone off the rails and I'm not moving east when the time comes.

 

[newworldafro]

http://www.nytimes.com/2015/04/16/n...s-reshaping-large-parts-of-brooklyn.html?_r=0

Basically says Chinese are about to overtake Dominicans as largest immigrant group in NYC, and that more Chinatowns are popping up.

 

[KnowledgeDropper]

I get my hair cut on Hanson Place in Ft Greene... Maybe 3 or 4 years ago the area still seemed majority black. Now that corner is basically as white as the East Village. These old British tourist ladies walked up to me near Lafayette asking me where the "flea market" was. Neighborhood gets whiter every month.

 

[capblk]

Cash-strapped NYCHA sold apartment buildings that had been recently refurbished

A controversial structured finance transaction originated by the New York City Housing Authority, or NYCHA, to create a special purpose vehicle to offload some Section 8 buildings to private developers is coming into greater view, according to an analysis by Progress Queens.
Multiple questions were submitted by Progress Queens in an e-mail to the press office of NYCHA ; the questions, about the sale of the properties, were not answered, including questions about possible discrepancies in the addresses for the properties that appeared in the schedules to some of the transaction agreements. Amongst other requests, which were also denied, included requests for the formation documents and lists of officers for the various entities incorporated by Triborough to own or manage the properties.

http://www.progressqueens.com/news/...-buildings-that-had-recently-been-refurbished

 

[TLR Is Mental Poison]

Cash-strapped NYCHA sold apartment buildings that had been recently refurbished



http://www.progressqueens.com/news/...-buildings-that-had-recently-been-refurbished

How convenient

 

[newworldafro]

Cash-strapped NYCHA sold apartment buildings that had been recently refurbished



http://www.progressqueens.com/news/...-buildings-that-had-recently-been-refurbished

I thought DeBlasio said they wanted to keep and increase affordable housing......

But maybe you have to sell some properties in order to pay for upkeep of the others....

 

[Ego Noir]

I get my hair cut on Hanson Place in Ft Greene... Maybe 3 or 4 years ago the area still seemed majority black. Now that corner is basically as white as the East Village. These old British tourist ladies walked up to me near Lafayette asking me where the "flea market" was. Neighborhood gets whiter every month.

Them nikkas could cut breh?

And are you black?

 

[DMGAINGREEN]

Yeah I've been there, I grew up across the street from the spot at 3:52 in the video on 163rd and 3rd and my family still lives there. That neighborhood is still grimey and those buildings may look great on the outside but inside Plus the wild ass nikkas have moved in and are chipping away at the infrastructure ALREADY. They tried to make those apartments a Co-Op City lite type of thing, difference is Co-Op is mostly older people with relatively high disposable incomes, married blue collar middle class folks who often have two incomes, retired city workers living comfortably off of their pensions. The South Bronx apartments have a very different set of folks living inside there.

I live in Co-op too fam Section 5 which section you from ? but I feel like Co-op is a glorifed projects because almost everybody I grew up with either lives with their Grandma or is from a group home or came from surrounding projects in BX (I'm from secor originally) . Co-op was initally built for what you mentioned but the problem is that the rent is mad cheap and people in my age group have beef with each others sections (Ol crabs in a bucket ass nikka ) There's gang activity as well section 5 is filled with crip nikkas . I'd know since I was in one at one point . Now that I'm older I realize Co-op isn't the projects but for some reason nikkas want to flip it into one so bad

 

[ogc163]

I live in Co-op too fam Section 5 which section you from ? but I feel like Co-op is a glorifed projects because almost everybody I grew up with either lives with their Grandma or is from a group home or came from surrounding projects in BX (I'm from secor originally) . Co-op was initally built for what you mentioned but the problem is that the rent is mad cheap and people in my age group have beef with each others sections (Ol crabs in a bucket ass nikka ) There's gang activity as well section 5 is filled with crip nikkas . I'd know since I was in one at one point . Now that I'm older I realize Co-op isn't the projects but for some reason nikkas want to flip it into one so bad

I lived in section 4 for about 13 years, I never considered Co-Op "home" the entire time I was there shyt was just corny and artificial to me.

 

[DMGAINGREEN]

I lived in section 4 for about 13 years, I never considered Co-Op "home" the entire time I was there shyt was just corny and artificial to me.

I feel you . Alot of unnecessary dumb shyt be occurring over here but I wouldn't put the artificial label on it they're some real people here but it's the fake nikkas that wanna act tough to prove something that ruin everything which is why I isolated myself from the fukkery . Were you there when ATF raided the buildings for guns & drugs back in like 05 I think it happened in your section too .

 

[Da King]

Gentrification made fort Greene really nice, those cacs turned that bytch around


Harsh reality is we allowed this to happen, now we deal with the consequences

 

[KnowledgeDropper]

Them nikkas could cut breh?

And are you black?

The shop is run by Jamaicans

 

[mson]

http://www.thecoli.com/threads/new-york-mag-article-i-put-in-white-tenants.317998/

1. DAILY INTELLIGENCER GENTRIFICATION
   May 12, 201511:19 a.m.
   ‘I Put in White Tenants’: The Grim, Racist (and Likely Illegal) Methods of One Brooklyn Landlord
   By DW Gibson
   4.4kShares
   Share3.4kTweet903Share2Share10Email
   Photo: Spencer Platt/Getty Images
   People that have small mortgages, they’re going to want a lot more for their deed, to give over ownership. A person that sells a deed with a big mortgage usually wants to get $5,000. They don’t care. They didn’t pay the mortgage for, like, two years — the property’s shyt. So we would give them $5,000, $10,000, and they give us the deed.
   
   We started out with this, buying over one hundred deeds, all over the place, and we collected the rent. I used to love it. But the bad part was, come Monday, I used to go to the buildings in my car, and knock on every single door. This was like five years ago. And they didn’t give me payment. One out of 10, one out of 20, maybe. And they were yelling at me, “You fukking Jew! Leave me alone!”
   
   I got used to it. And I understand it. Not all Jewish people are nice people. Every tree has a bad apple. Some of them are really nasty and can trick their tenants. But some of the tenants put up such a fight that you have to trick them. I used to do that — but I don’t do that anymore. I did that once four years ago. I told someone, “I’m going to give you twenty grand to move — just move out first, and then I’ll give you the money.” And then I screwed them. I gave him something but not the money I told him. And he couldn’t come back to me because he wasn’t even legally supposed to live there.
   
   Some Jewish people, they’re going to come in and they’re going to try to rip off the black tenants — and the tenants know it, there’s word of mouth. So it’s like, “Oh, a Jewish guy again?” There’s a lot of Jewish guys moving around. Like a lot, a lot, a lot of investors who are either Hasidic Jews or a little bit less, but they’re Jewish. They’re holding Bed-Stuy like this — he squeezes at the air in front of him, strangling it. So sometimes it’s like, “Hello, this was our neighborhood. What are you doing here?”
   
   We started in East New York, but we sold everything we had. We didn’t want to be there. Most of them are either Section 8, other government programs, and even the person that pays with cash is too much headaches. So we sold everything over there and we came out all the way to Park Slope. Then we started backing up, backing up, slowly, all the way to Bushwick. This is one of the houses we’re finishing now.
   
   
   Photo: Spencer Platt/Getty Images
   We pull up in front of a three-story brick building. Having shed the deed-buying business, Ephraim’s now involved with acquisitions and development. And he prefers to hold and rent buildings as opposed to renovating and flipping them. Ephraim stops the car in the middle of a residential block to roll down his window and light a cigarette. The street is lined with brownstones, most of which are in various stages of destruction and recreation, rented dumpsters stuffed with shards of demolition and pallets of new Sheetrock passing by. Smoke shoots out of Ephraim’s nostrils. There is a young Hasidic man standing across the street. He and Ephraim make eye contact: Ephraim waves casually, if not reluctantly. The young man comes over to the car, his hands slouched on the window. A long silence follows then finally:
   
   Ephraim: Everything okay? You haven’t gotten me anything.
   
   Young Man: I’m still stretching — it’s early.
   
   Ephraim: Bring me something. You have my number, right?
   
   Young Man: Yeah. [Pause.] You don’t have anything for me?
   
   Ephraim: No. What do you need?
   
   Young Man: Multi-families.
   
   Ephraim: Ay — you do multi-families? I thought you were selling multi-families.
   
   Young Man: No, I’m buying also.
   
   Ephraim: No. No, I don’t have anything. For now.
   
   Young Man: You don’t have anything, huh?
   
   Ephraim: No.
   
   More silence while Ephraim makes a point of his disinterest, playing with his phone. Then:
   
   Ephraim: If I have something, I have your number.
   
   Young Man: Okay.
   
   Ephraim tosses what’s left of his cigarette and moves his hand toward the button to roll up the window. The glass emerges from the door with an electric hum and the young man takes his hand away.
   
   They’re like the new kids coming in.
   
   He laughs. He breaks for a few more phone calls — many are carried out in Hebrew, though the profession-specific words seem to be stuck in English: brownstone, skim coating, Prospect Park. I ask him what the first thing is that he considers when deciding whether or not to buy any given building.
   
   We’re small, so we look into places that haven’t caught on — we just did a place on Nostrand Avenue. People are not even there yet. We put in $600,000 and everyone was laughing at us. “It’s crazy, you’re over there. A building for yuppies, white people? It’s not going to work.” The building was full of tenants — $1,300, $1,400 tenants. We paid every tenant the average of twelve, thirteen thousand dollars to leave. I actually went to meet them — lawyers are not going to help you. And we got them out of the building and now we have tenants paying $2,700, $2,800, and they’re all white. So this is what we do.
   
   
   Photo: Spencer Platt/Getty Images
   My saying is — again, I’m not racist — every black person has a price. The average price for a black person here in Bed-Stuy is $30,000 dollars. Up over there in East New York, it’s $10,000 dollars. Everyone wants them to leave, not because we don’t like them, it’s just they’re messing up — they bring everything down. Not all of them.
   
   Most of them don’t believe you at first. "Oh, you Jewish people you’re a bunch of thieves, you’re never going to give me my money." But once you start actually having a base of people who know you, who you actually gave the money, it’s better. Sometimes it’s really tricky because you’ll have one person willing to leave for $2,000 and another wants $20,000. And the second this guy finds out that guy is getting 20 he says, “Hell no, I’m not leaving. I want 20, too.”
   
   They don’t know — here he lowers his voice — that even if they get the money and they left, they could always come back. They don’t know that part. And it’s so scary sometimes because they could come up in the middle of construction and say, “It’s my property, I didn’t understand what I was signing, and I want to come back.”
   
   Some blacks have an attorney and everything. So I try to make them happy, even if they’re going to go for $7,000 or $8,000, I’d rather give them an extra grand so they’re happy and they’re not going to think about it too much. Again, I don’t want to be a racist, but when I have a building—I can’t even say it because it’s not going to sound right.
   
   He lowers his voice again:
   
   If there’s a black tenant in the house—in every building we have, I put in white tenants. They want to know if black people are going to be living there. So sometimes we have ten apartments and everything is white, and then all of the sudden one tenant comes in with one black roommate, and they don’t like it. They see black people and get all riled up, they call me: “We’re not paying that much money to have black people live in the building.” If it’s white tenants only, it’s clean. I know it’s a little bit racist but it’s not. They’re the ones that are paying and I have to give them what they want. Or I’m not going to get the tenants and the money is not going to be what it is.
   
   The scary part about doing this is, if the black guys start to realize how much the property will sell for. This is a new thing now, the past year. A million, two million dollars—it’s crazy, crazy numbers. None of them realize yet—some of them do—the amount of money you can get. The scary part is they’re going to realize they can get the same exact house in East New York for $400,000, $500,000 and they can get paid $1.5 million for their home in Bed-Stuy, they’re going to start dumping houses on the market and the market’s going to be flooded and it’s going to cool down. It’s already cooling down.
   
   It’s so hard to get empty buildings. When you have an empty building it’s like gold. So we never flip buildings. One building we sold because in the Jewish religion there’s a weird thing where you don’t cut down a fruit tree. Some people really don’t give a shyt about fruit trees. But most of the Hasidic Jewish people will not cut down a fruit tree. There’s one house in Borough Park where they cut down a fruit tree and there was nine fires over there in the last two years. Sometimes weird stuff happens. So we had a building, and the only way it’s working for us is if the fruit tree comes down. We spent $50,000 doing the plans and then found out there’s a fruit tree. We didn’t know about it. So we had to sell the building. It’s the only way I’m going to sell a building. A building is not really a selling thing. Buildings are for keeping.
   
   Undap + Quote Reply

They don’t know — here he lowers his voice — that even if they get the money and they left, they could always come back. They don’t know that part. And it’s so scary sometimes because they could come up in the middle of construction and say, “It’s my property, I didn’t understand what I was signing, and I want to come back.”

Know and understand your rights people.

 

[capblk]

Courtlandt Corners I & II (II is on the left and is now know as ‘The Upton’) on 161st Street between Courtlandt and Melrose Avenues.

Courtlandt Corners in Melrose, the development which comprises of Courtlandt Corners I & II and Courtlandt Crescent, has rebranded the phase II building on the northern side of 161st Street as ‘The Upton’ offering ‘affordable luxury living’ but at rents that are well above the neighborhood average and clearly are not affordable to the general area population.

According to Cecily Almanzar at the management office for Phipps Houses—who developed the 540 unit project—the apartments already have been occupied since it opened in November of 2010 but there are 2 apartments that have since been vacated and are being offered at market rates with income restrictions.

Studios are being rented at $1,263 (well above the neighborhood range of $1,050-$1,100) for an individual making anywhere from $43,152 – $66,220, 1 bedrooms ranging from $1,292-$1,584 (average for a 1 bedroom is $1,200) for 1-2 individuals making $44,288-$75,680 a year, and 2 bedrooms from $1,525-$1,906 (average 2 bedroom apartment in the neighborhood is $1,450) for a family of 1-4 individuals making $52,268-$94,490 a year.

http://www.welcome2thebronx.com/wor...d-as-affordable-luxury-but-not-so-affordable/

Silvercup Studios is expanding into the Bronx with the purchase of buildings at 275 Locust Avenue and 903 East 140th Street for $15 million. The deal also included a third property located at 141st Street. The Long Island City-based film and television studio will have space at the 83,000-square-foot warehouse on Locust Avenue and an additional 10,000 square feet on 140th Street. Simone Development is the seller.

http://therealdeal.com/blog/2015/05...stment-sales-market-looked-like-last-week-22/

 

[DMGAINGREEN]

http://www.welcome2thebronx.com/wor...d-as-affordable-luxury-but-not-so-affordable/



http://therealdeal.com/blog/2015/05...stment-sales-market-looked-like-last-week-22/

Na these hipster cacs getting to comfortable , they really attempting to set up shop on Courtlandt ?!
Let's see how long they last there before they get juxed