Comments on: MTA to pay for Second Ave. building bracings

By: Stores suffer while 2 Ave. residents earn a break :: Second Ave. Sagas

Stores suffer while 2 Ave. residents earn a break :: Second Ave. Sagas — Tue, 22 Jun 2010 14:14:16 +0000

[...] for shoring up their buildings and keeping them up to code, the MTA has decided that its cheaper to pay for the engineering work than it is to fight building owners in court and risk delaying the [...]

By: Along Second Ave., handling buildings with care :: Second Ave. Sagas

Along Second Ave., handling buildings with care :: Second Ave. Sagas — Fri, 26 Feb 2010 16:59:29 +0000

[...] instead of fighting in court and potentially delaying the already-delayed subway line, the agency opted to pay for building bracings in the fall. Earlier this week, agency officials promised to do a more [...]

By: arparp

arparp — Fri, 20 Nov 2009 14:44:19 +0000

You mean NYC HPD? As in New York City Department of Housing Preservation and Development?

Yeah that’s, *REAL* sinister man, you should have signed your post QED so we’d know you had proved your point with facts and evidence.

By: Nov. 2 start date for Second Ave. controlled blasting :: Second Ave. Sagas | A New York City Subway Blog

Wed, 28 Oct 2009 20:24:04 +0000

[...] months of wrangling with landlords and the city, the MTA last week decided to fork over $500,000 to shore up the shaky buildings along Second Ave. The start of these buildings, structural [...]

By: Woody

Woody — Tue, 27 Oct 2009 03:10:36 +0000

I rode by on my bike today. Forget the tenants, the fleas on the pawns, the buildings appear to be empty, even at ground floor retail level. Outside are signs saying the buildings are “owned by NYC P HD.” Hunh?

The two allegedly cracking five-story buildings share the block with a two-story and another five-story building of the same age, and a spanking new 46-floor apartment tower!

Maybe the air rights over the two wrecks were already sold to the high-rise developer. Dunno. But absolutely clear that the whole ruckus is essentially about real estate speculation. Another day in the Big Apple.

By: Alon Levy

Alon Levy — Tue, 27 Oct 2009 00:27:11 +0000

If I ran the MTA, I wouldn’t even flip the properties to developers. I’d just develop them as publicly owned apartment buildings, and maybe then sell the apartments as condos. At market rate, the profit margin for that is about 100%.

Of course, the problem is that that would involve condemnation lawsuits, which could cost the MTA more than what it could expect to make from developing the real estate.

By: Woody

Woody — Sun, 25 Oct 2009 01:24:15 +0000

I’ve lived in NYC so long that I’ve become cynical.

My hunch is that the landlords involved don’t care if the buildings fall down, or at least that the walls crack and the tenants be permanently evacuated. With or without any help from SAS blasting, the landlords will clear these short, older buildings soon enough and demolish them to make way for new high-rise apartment buildings like the others in the neighboring blocks. That will come as soon as the digging is done and the market recovers, but it will come, no doubt about it.

The MTA probably didn’t like being played with by these real estate speculators, and so they called the lawyers. The MTA should have condemned the damned tenements, demolished them, and used the lots to park trucks or something. Then when the market returns the MTA could have flipped the properties to developers.

I wouldn’t blink at spreading $5 or $10 million around to the tenants here. The poor tenants are less than pawns in this game, they are fleas on the pawns. So let the MTA give them a handsome chunk of relocation money — more than they’ll get when their landlords decide it’s really time for them to go.

By: Mike HC

Mike HC — Fri, 23 Oct 2009 20:32:58 +0000

you could be right. Same buildings. I just read it as the two building were evacuated for a little, and then they let the residents back in. How long can you keep people out of there homes? You could be right though, I’m not sure.

Either way. I would not want to living in the building now, during, or after the “blasting.”

By: john b

john b — Fri, 23 Oct 2009 14:02:42 +0000

i thought those two buildings were evacuated? or was that two different buildings?

By: Alon Levy

Alon Levy — Fri, 23 Oct 2009 03:26:36 +0000

This amount of money is peanuts. Even in cities with competent transit contractors, $500,000 builds you at best 2 meters of subway. In New York, it builds 20 centimeters.