Recent comments in /f/nyc

drpvn t1_ja85gnz wrote

Reply to comment by flightwaves in Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs

> But obstacles facing Midtown are many. They include the need for legislation from Albany to relax strict rules for residential housing, rezoning to allow apartments in what are now commercial districts, a tax break if affordable units are required, and generally daunting economics.

>What’s more, even properties with many vacancies typically still have some office tenants in place. Ten-year leases are common.

>“Most office buildings are encumbered by existing office tenant leases and typically have to be emptied before being converted,” said Max Herzog, a specialist in financing conversions at the real estate firm JLL. “Deeper, bigger floor plates and other structural elements are often problems, there is a need for changes in the zoning and increased floor area ratios, and then there is also the financing.”

sToP WhininG, i hAVE No sYmpaThY!

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ntbananas t1_ja83opo wrote

Reply to comment by DifficultyNext7666 in Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs

I agree that midtown wouldn't be my first choice at this stage in life (though I was in the 50s for my first apartment out of college). I think the long-term goal is to make midtown less shitty by having it become more residential, somewhat similar to the financial district.

It will never be trendy (at least not for the next few decades) but it can certainly offer more housing stock for people looking to get more bang for their buck and potentially reduce demand elsewhere.

In summary: not for me, but good luck I guess

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DifficultyNext7666 t1_ja82zoi wrote

Reply to Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs

So while I think they should renovate, I'm not going to fucking live in midtown. Midtown sucks.

I'm not sure many people with money like to live in midtown. I mean there are Apts there so I must be wrong but I've never met someone who lives there. And these apartments are going to be expensive

Edit: for clarity

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dorgsmack t1_ja82omc wrote

Reply to comment by Governor_Abbot in Montefiore residents and fellows to unionize by DrogDrill

“Where every New York goes, so does the country.”

This is so hilariously out of touch. New York is behind on most things besides maybe public transport and even that costs the state/city way too much. New York is a great example of how public sector unions without a strong government actor to tame them can ruin a city.

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sirzoop t1_ja81fj6 wrote

Reply to Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs

Wow, this means 1 in 4 offices is now vacant. Crazy to think they went from 9% to 22% vacant in a few months

>The real estate firm CBRE estimated early last year that remote work would shrink the amount of needed office space by 9% — then increased that figure to 15% at the end of last year. Reflecting that reduced demand, the vacancy rate for Manhattan’s 415 million square feet of office space at the end of last year soared to a record 22.2%, according to Cushman & Wakefield.

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TotallyNotGlenDavis t1_ja8190j wrote

Reply to comment by [deleted] in NYC council votes to name street after antisemitic Nation of Islam leader by drpvn

I don't think any liberal would disagree that someone being forced to wear something is oppressive, we just generally avoid policing what people want to wear. It's not like there's serious discourse over the hijab in the states, there's no controversy our liberals lack that particular strain of secularism they have int Europe.

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