Flushing, Bayside and Jackson Heights
- Thread starter boobietassles
- Start date
I think a lot of the fires are just because the buildings are pretty run down to begin with and they do a shitty job to maintaining the building to begin with. Also, a lot of times, the tenants will cut corners. A friend of mine was the insurance broker for the business where the fire originated from for the March incident. They told me that they had a barebones policy and there's no way their insurance was sufficient to cover all the damages to their neighbors' businesses. I assume the neighbors didn't have sufficient insurance either. Most of the buildings probably didn't have anything.
Another broker I know said they had a client who owned a home that burned down. They had like $300K in coverage, but the city sent them a letter saying they'd have to demolish what was left or they'd do it for them. Client didn't have enough time to find a demolition contractor and the city hired someone - client got a bill for over $200K for that.
I've got a client that also told me she had a fire nearly 2 years ago - their insurance paid out, but she wants to upgrade the home into an apartment building. She's been dealing with the permit process and the process of getting a construction loan for the past 6 months and she's still not even done yet.
NYC has always been a shit show for people who don't know someone at the Dept of Buildings, between permits and inspections.
Another broker I know said they had a client who owned a home that burned down. They had like $300K in coverage, but the city sent them a letter saying they'd have to demolish what was left or they'd do it for them. Client didn't have enough time to find a demolition contractor and the city hired someone - client got a bill for over $200K for that.
I've got a client that also told me she had a fire nearly 2 years ago - their insurance paid out, but she wants to upgrade the home into an apartment building. She's been dealing with the permit process and the process of getting a construction loan for the past 6 months and she's still not even done yet.
NYC has always been a shit show for people who don't know someone at the Dept of Buildings, between permits and inspections.
Maybe.
I remember a story back in the day about a builder who wanted to tear down an old apartment building to build a much larger luxury apartment building. He made a substantial offer to all the tenant s to buy out their leases. The offer was so good that all but one of the tenants immediately accepted the offer and moved out.
The builder had all plan approved by the city, construction equipment and demolition contracts were let. Equipment was outside the building including a crane with a wrecking ball.
The last holdout saw all this and figured how much the builder would lose if the tenant held out until the end of this lease and figured he could hlod out for a majority of those $'s.
Well the builder said no go and ordered all the equipment to be removed. During the removal and when the tenant was out, the crane "accidentally" hit the corner of the building with the wrecking ball, not enought to cause a collapse but hard enough to make it unsafe.
The city ruled the building unsafe for occupancy and the tenant was not allowed back in. The builder had to reimburse the tenant for the cost of finding another apartment, much less that the other tenants got and certainly much, much less than the tenant wanted.
the building was torn down.
Moral: accidents happen including wrecking balls and fires.
I remember a story back in the day about a builder who wanted to tear down an old apartment building to build a much larger luxury apartment building. He made a substantial offer to all the tenant s to buy out their leases. The offer was so good that all but one of the tenants immediately accepted the offer and moved out.
The builder had all plan approved by the city, construction equipment and demolition contracts were let. Equipment was outside the building including a crane with a wrecking ball.
The last holdout saw all this and figured how much the builder would lose if the tenant held out until the end of this lease and figured he could hlod out for a majority of those $'s.
Well the builder said no go and ordered all the equipment to be removed. During the removal and when the tenant was out, the crane "accidentally" hit the corner of the building with the wrecking ball, not enought to cause a collapse but hard enough to make it unsafe.
The city ruled the building unsafe for occupancy and the tenant was not allowed back in. The builder had to reimburse the tenant for the cost of finding another apartment, much less that the other tenants got and certainly much, much less than the tenant wanted.
the building was torn down.
Moral: accidents happen including wrecking balls and fires.
That happens to every red light district eventually when it becomes a blight on the neighborhood.
There has been major improvements in Flushing to upgrade it to a near Manhattan quality, which was halted by COVID.
Well, the puritans feel it is not quite sanitized enough and some of the streets like 40th Road remain among the last vestige of The Good Old Flushing.
In my travels, sadly for us mongers, I have seen wonderful flourishing red light monger paradises that were traditional pleasure zones for many decades, dismantled over night by whatever means for gentrification.
How many of you remember Times Square up until the 80’s and in the heyday of the 70’s before Giuliani cut a deal with Disney.
There has been major improvements in Flushing to upgrade it to a near Manhattan quality, which was halted by COVID.
Well, the puritans feel it is not quite sanitized enough and some of the streets like 40th Road remain among the last vestige of The Good Old Flushing.
In my travels, sadly for us mongers, I have seen wonderful flourishing red light monger paradises that were traditional pleasure zones for many decades, dismantled over night by whatever means for gentrification.
How many of you remember Times Square up until the 80’s and in the heyday of the 70’s before Giuliani cut a deal with Disney.