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Entries from Gothamist tagged with 'Rent'

March 5, 2008

The owners of four Manhattan Burger King franchises are locked in a nasty legal battle with their royal overlord. Luan Sadik and his sister, Elizabeth Sadik, rebelled against the mandatory 99-cent menu and the recent dollar Value Menu because the prices couldn’t cover the obscene Manhattan rent and the fast food monarch roared. According to the Daily News, their rent at a Fifth Avenue restaurant is $9,000/month and $18,000.month at a 47th Street location. The......

Continue Reading "Burger King Value Menu Sinks Local Franchisees"

February 24, 2008

After news spread that Upper West Side institution Cafe La Fortuna would close today, many people came by to bid farewell. The restaurant was packed last night and this morning and afternoon, as people enjoyed the sandwiches, Italian coffee drinks and opera music one last time, lamenting the closing of another standby. One woman arrived with a bouquet of flowers and a card for the staff. Owner Vincent Urwand explained that the West 71st......

Continue Reading "Neighbors Say Good Bye to Cafe La Fortuna"

February 22, 2008

It would a bit too simplistic to blame the impending closure of La Fortuna, the Upper West Side café that first opened in 1976, entirely on the skyrocketing rents of a turbo-gentrifying neighborhood. While the ever rising rental tide was certainly a factor – the building was taken over by a real-estate group after the previous landlord died – three years still remained on the lease. According to amNY, the closure has more to do......

Continue Reading "John Lennon’s Local Favorite, Café La Fortuna, to Close"

February 22, 2008

They’ll deny it, but most college students who write plays harbor some secret fantastic hope that their new opus will be hailed as the arrival of a fresh new voice and open on Broadway to triumphant acclaim. It obviously never happens, except when it does: 28-year-old Lin-Manuel Miranda, originally from Washington Heights, conceived the musical In the Heights as a sophomore at Wesleyan. After graduating, the show, a hip hop and salsa-inflected homage to his......

Continue Reading "Lin-Manuel Miranda, In the Heights"

February 15, 2008

A total no-brainer: The family of 17-month-old boy who was shot in the arm by an off-duty police officer has filed a notice of claim against the city. The Porcellini family will also pursue action against the NYPD and 24-year-old police officer Patrick Venetek. Last week, Venetek's service pistol fired through his Brooklyn apartment floor - right above the Porcellini's. The bullet passed through the Porcellini's ceiling and through the left forearm of little Jonathan,......

Continue Reading "Family Will Sue City Over Cop Who Shot Toddler"

February 9, 2008

Patrick Venetek, the cop whose service weapon wound up shooting through the ceiling of his downstairs neighbors' apartment and striking an 18-month-old's arm, gave further details on how the incident occurred. Perhaps to the relief of Porcellini's six brothers and sisters, Venetek has been stripped of his badge and gun at this time and is on modified duty. Apparently, Ventek was going to start cleaning his 9 mm semi-automatic pistol in the dwindling natural light......

Continue Reading "Misfiring Cop Who Hit Toddler Attempts to Shed Light on the Matter"

January 23, 2008

There are no "garage bands" in New York City. Unlike some of their suburban counterparts, musicians here have to pay the piper for their practice spaces, which can be hard to find in a city where every no-frills square-foot costs something. In fact, to really be a "garage band" in New York, one may end up paying $225K a year. The NY Times reports on where musicians city-wide are rehearsing these days, and how it's......

Continue Reading "Are Pricey Practice Spaces Driving Bands Out of New York?"

January 22, 2008

Photo of the still open Gray's Papaya by Wallyg Crain’s takes notes of a sharp spike in restaurant closings, with real estate brokers reporting many more closures than usual and a surge in restaurant auctions; the city's leading restaurant auctioneer tells Crain’s he’s been handling “20 liquidations a month for the past year, twice as many as the year before.” Especially telling is that many of the auctions involve seasoned operators rather than neophytes who......

Continue Reading "Obscene Rents 86 Growing Number of Restaurants"

January 16, 2008

RENT, the surprise smash hit musical that premiered in 1996 and went on to become the seventh-longest-running Broadway show in history, will close June 1st, producers have announced. Over the years the show cultivated a fanatical army of young repeat viewers (“Rentheads”) whose ardor has translated into profits of $280 million on Broadway, four Tony awards and a Pulitzer. Productions have been mounted on six continents, while an ill-conceived movie version of the show, filmed......

Continue Reading "RENT to Move Out After 12 Years on Broadway’s Couch"

January 9, 2008

It probably sounded like a great idea over MySpace, Facebook, or whatever conniving teens are using to hatch their plans these days, but in the end the group behind the Porsche Craigslist scams were arrested by the police. Seven teens, all city residents, between 16-19 years old, were arrested. Two of the teens were charged in connection with both robberies. The two phony ads were placed by Agniesika Banach, 17, from Maspeth. Also charged in......

Continue Reading "Surprise? Teens Behind Craigslist Porsche Robberies"

December 11, 2007

We've been monitoring how I am Legend, the big budget post-apocalyptic zombie movie set in New York, will be portraying the Big Apple ever since filming took place on the Brooklyn Bridge (it eventually gets blown up). Now, with reviews starting to pop up, we're hearing mixed things about the movie but raves about how a futuristic people-less New York City looks. The Observer's Sara Vilkomerson was freaked out, noting how the city is......

Continue Reading "Ravaged New York City is Ravishing!"

November 26, 2007

The NY State Division of Housing and Community Renewal finally closed a loophole in rent regulations that would have allowed owners and landlords leaving government-subsidized housing programs to increase rents to market rates by citing "unique and peculiar" circumstances. According to the NY Times, some tenants' rents would have skyrocketed from $981/month to $4,500/month for a two-bedroom on the Upper West Side and from $1,000/month to $5,275/month for a three-bedroom, also on the Upper West......

Continue Reading "NY State Closes Rent Increase Loophole at Mitchell-Lama Buildings"

September 26, 2007

The engines fueling Jane Jacobs' legacy are at full throttle, with the Municipal Art Society's new exhibition, titled "Jane Jacobs and the Future of New York." The show, opening this week at the Urban Center Galleries, delves into how today's (and tomorrow's) city fits into Jacobs' ideas and also examines how the public can draw on her values, given the major developments and rezoning now in progress. In case you've been sleeping for the past......

Continue Reading "New MAS Show Evaluates Lessons of Jane Jacobs "

September 11, 2007

The Graduate (directed by Mike Nichols) If you're looking for a cultural touchstone for the '60s, or even one of the first great uses of pop music on a movie soundtrack, you don't need to search much further than The Graduate, Mike Nichols' dark comedy from 1967. A coming-of-age story that's spawned a Broadway adaptation and a poorly conceived movie continuation, The Graduate turns 40 this year (just like the Summer of Love) and in......

Continue Reading "The Cinecultist's Weekly DVD Pick: Kookookachoo Edition"

June 27, 2007

Last night was the annual meeting of the Rent Guidelines Board to decide on rent increases for the city's rent stabilized apartments. Amidst the usual chaos (the crowd yelled "Blah, blah blah!", "Free rent!", "Shame on you" and "Liar" while board members spoke), the board approved moderate hikes: 3% for 1-year leases, 5.75% for 2-year leases. These hike were less than last year's 4.25% and 7.25% increases, falling into a "middle range," given that tenants......

Continue Reading "Moderate Increases for Stabilized Rents"

June 18, 2007

It's the countdown to the final meeting determining increases for rent stabilized apartments coming next week. City Comptroller William Thompson issued a letter asking the Rent Guidelines Board to either raise stabilized rents by the minimum or not to raise them at all, given last week's announced homeowner tax rebates and property tax cuts. Thompson's letter (here's a PDF) notes that the city has not kept up stock for low- and moderate-income housing and......

Continue Reading "City Comptroller Wants Stabilized Rents Stabilized"

May 21, 2007

No one likes giving up a rent-stabilized apartment - except landlords. The family of an 84-year-old woman who has a two-bedroom apartment in Windsor Terrace that costs $587.96 a month claims that the landlord tricked her out of her apartment - by going to her nursing home and making her sign a surrender letter. The Post reports that Catherine Burke's stepson is leveling the charge against landlord Philip Meoli. Meoli has a signed letter from......

Continue Reading "Landlord, Tenant's Stepson Tangle Over Apt."

May 8, 2007

Last night, the Rent Guidelines Board voted 5-4 to propose rent hikes for rent-stabilized apartments on the order of 2-4.5% for one-year leases and 4-7.5% for two-years leases. Loft rent increases would be 2-4% for one-year leases, 4-7% for two-year leases. The NY Times says these proposed increases "could mean smaller increases than last year’s," and the Post says the increases could fall in the "middle range" of about 3.25% and 5.75%. Last year, the......

Continue Reading "Rent Guidelines Board Recommends New Hikes"

May 4, 2007

It's time for to break out the "Con Ed Sucks" signs! The utility has requested to raise electricity rates 17%; the Post reports, "typical residential cusomer paying $70 a month would pay an extra $12 per month starting April 1, 2008." (The increase for businesses is slightly smaller, 10.7%.) Well, we guess those livery cab drivers have to be paid somehow! And fixing the Long Island City network, which Con Ed should have been doing......

Continue Reading "Hike! Con Ed Wants to Raise Rates"

April 25, 2007

Not a good week for renters. Then again, when has it been a good one? Yesterday, data showed that the Manhattan vacancy rate is below 1%. Today, we find out that Mitchell-Lama tenants don't get "first dibs" to buy their apartments if their building owners decide opt out of the programs. The Daily News says that the ruling "voids the city's Tenant Empowerment Act," which had been passed in 2005 by the City Council. And......

Continue Reading "Costs Are Climbing for Landlords"

April 24, 2007

Al Franken: God Spoke (directed by Nick Doob and Chris Hegedus): In terms of liberal armchair quarterbacking, it doesn't get more intriguing and cringe-inducing than unpacking the 2004 Presidential election. Watching the documentary Al Franken: God Spoke, you can't help but be fascinated and yet saddened by the look of idealism in comedian-turned-political pundit Al Franken's eyes. He's so sure he can make a difference, it's heart-breaking. Compounding that "we know how the Titanic sank"......

Continue Reading "The Cinecultist's Weekly DVD Pick: Prancing Pundits Edition"

March 27, 2007

Forget about the downtown hipsters, the real tastemakers (for the tourists, at least) are in Midtown. The concierges of the city make hundreds of recommendations a day, so it's only natural they get their own nights at restaurants like The Palm. The NY Times looked at the world of concierges when they are being courted: A dinner at the Palm after a matinee of "Hairspray". Earlier in the week they saw “The Pirate Queen,” enjoyed......

Continue Reading "At the Concierge's Service"

January 12, 2007

I'm writing on behalf of a special friend I met who is wanting to become a photographer in NYC. Well I have worked with her much and have landed her a few jobs, but how in the heck do you find a decent place to live on a "starving artist budget?" What if any links, resources, and/or advice would you be willing to share to help us find some low budget housing that is safe......

Continue Reading "Living the Starving Artist Life"

January 2, 2007

Two months after Stuyvesant Town and Peter Cooper Village were sold by MetLife to Tishman Speyer for a record-breaking $5.4 billion, an epic review of the deal by Charles Bagli of the NY Times ties up loose ends and brings several underlying issues into sharper focus. Reading between the lines: The purchase is highly speculative. "Financial leaps of faith" about StuyTown's future value inflated the bidding well above a more soberly estimated price tag......

Continue Reading "Digesting the Megadeal: Banking on Demise of Rent Regulation"

September 22, 2006

EVENT: The avant-gourmands from Radiohole (who have been blogging about their adventures in Vermont) will be giving “private-dingy palm readings and psychic-portraits featuring Peek-a-Boo Technology” at the grand opening party for Three Legged Dog. The company’s new home, which is at the World Trade Center site, was recently heralded by the Times as a sign of “hope” for the other stalled projects at Ground Zero. The party is free and boasts performances by League of......

Continue Reading "Pencil This In"

August 15, 2006

This week, the City Opera has its Afternoon Arias program where different City Opera singers serenade those in Bryant Park. The programs start at 12:30PM, and another bonus is that you can buy the $25 seat tickets for Opera For All, which the City Opera has brought back for another year (tickets officially go on sale next Monday). The performances scheduled so far are a highlights of new season concert celebration with an afterparty, two......

Continue Reading "City Opera Singing for All"

June 28, 2006

The Rent Guidelines Board approved 5-4 to raise rent-stabilized rents by the biggest increases since 2003 last night. And the hundreds of tenants on hand were going so wild, with their noisemakers and yelling, the RGB Chairman Marvin Markus had to recess the hearing for hours. Landlords and tenants disagreed about the chaotic scene (a board member called tenants efforts to shut down the meeting "undemocratic" while a tenants' protest organizer told the Times,......

Continue Reading "All Hell Breaks Lose as 7.25% Increase is Passed"

June 11, 2006

On Sundays Gothamist runs opinion pieces relevant to life in New York and reviews of recent books and performances. The judgments expressed below are entirely those of the author. It’s hard to imagine the Iranian leadership, or many non-exile Iranians, being riveted by or even comprehending of pretty much any show on or off-Broadway, as a general rule. Egads, the sexy dancing in The Pajama Game, the AIDS in Rent, the audience’s unabashed collective fun......

Continue Reading "Opinionist: In the Matter of J. Robert Oppenheimer"

May 27, 2006

Along with the "Broken Windows" crime prevention theory, one of the big success stories of Gotham's dramatic revitalization over the past two decades has been the BID (that's Business Improvement District, FYI) where business and property owners in a designated area work with the City and make a collective effort to boost business. The most famous BID success is probably Times Square, but they're all over the place nowadays (of the 53 BIDs in......

Continue Reading "We Need To Talk About West Eighth Street"

May 20, 2006

Bureau of Labor Statistics, you fascinate us! Not only do your provide us with number-porn to whittle away the hours with, but now you are about to give us a report all about us - erm, and everyone else who has lived in Gotham over the past century. The report isn't available online yet (it will be here on Monday) but in the meantime the Times provides a nice peak into what is in its......

Continue Reading "Time and Again: NYC Stats Over The Past Hundred Years"
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