ehsurfskate
ehsurfskate t1_jac4fjp wrote
Reply to comment by SSG_SSG_BloodMoon in Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs
You make some points but also have the underlying assumption of zero office tenants. With all the cost and devaluation of that work it might even be worth it for the owners to just hold on at 20-30% occupancy and hope the offices gradually fill back up. Plus, if the space is vacant they get tax breaks so the hit is not as bad.
Again, not saying itâs impossible but with a 100 million dollar investment owners will do everything they can to get that back before cutting bait and spending money on a reno.
ehsurfskate t1_jab2n5w wrote
Reply to comment by ehsurfskate in Modular Portland Loo Toilets Will Be Tried in NYC Parks - THE CITY by space_______kat
So not all work can be self certified so it may fall under that. Alternatively, the special inspector may be giving him a hard time. Usually for the jobs we do we also inspect -as licensed engineers or architects itâs easy to get the special inspection credentials.
ehsurfskate t1_jab18fh wrote
Reply to comment by bkornblith in Modular Portland Loo Toilets Will Be Tried in NYC Parks - THE CITY by space_______kat
Iâm a professional engineer and depending on the work he is doing it could be self cert by a registered architect or professional engineer. Only downside is cost to retain us to do that, but it usually gets through permit in days.
ehsurfskate t1_jaamank wrote
Reply to comment by SSG_SSG_BloodMoon in Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs
Right and "cheaper" is the issue. The landlord would need to do a ton of work, devalue an overleveraged building, and after everything end up with residential units that are "cheap" so there is no money to be made.
It would probably be better in the long run to tear down the buildings and put up residential in its place. That would be worth the tax subsidies.
ehsurfskate t1_j9y5c0t wrote
Reply to Burying Moses' biggest middle finger to the city? Plan to tunnel the BQE being discussed by scooterflaneuse
This is an insane idea. It would easily cost multiple billions of dollars and take 10-15 years. Half of that same money could create 10,000s of truly city owned affordable housing units (not just subsidized but privately owned).
ehsurfskate t1_j9t93lc wrote
Reply to comment by [deleted] in About 90% of drivers searched or arrested by the NYPD in 2022 were Black or Latino by mowotlarx
I donât think I have ever seen someone coping harder on Reddit than who you are arguing with lol.
ehsurfskate t1_j9a9zln wrote
Reply to comment by ironichaos in Tracking stages of grief for city office landlords by marketrent
My prediction is that NYC will have the staying power for young people but will lose some for the 45-65 crowd who are already established and looking for a lifestyle arbitrage of living somewhere that has a lower cost of living and working remote most of the time.
For younger people my guess is the NYC draw of things to do, places to eat and experience, the potential of finding a mate and friends and the ability to build their network will persist.
ehsurfskate t1_j677lji wrote
Reply to comment by LikesBallsDeep in Mayor Adams unveils proposal to convert Midtown offices into apartments by psychothumbs
Iâm not stuck anywhere and in my profession change and churn equal profit, I also work from home 3 days a week so not sure what you are on about.
Iâm not sure why you are assuming itâs permanently gone either. Just as it changed to more wfh it can change back again. I hope it doesnât but if we hit a recession and people need work they will go into the office if required.
Iâm not saying it should not happen. I hope it does. I was just adding some context to the wide eyed people of this sun who may not know much about the commercial real estate market inner working besides - yay wfh new paradigm and yay more housing
ehsurfskate t1_j64qt2t wrote
Reply to comment by newestindustry in Mayor Adams unveils proposal to convert Midtown offices into apartments by psychothumbs
Didnât say was impossible or that I havenât done renos. We can make anything happen itâs just time and money that needs to be paid by the owner. Also those lower Manhattan Renoâs you are talking about are few in quantity and are very different buildings than the giant midtown office.
Financially design professionals like me would make a killing on these, these cost more to design than new builds in most cases. I can just say I work with these building owners and the financial incentive for conversions of giant midtown offices is not there. If it was it would already be happening on a massive scale.
ehsurfskate t1_j64jxb4 wrote
Reply to comment by LikesBallsDeep in Mayor Adams unveils proposal to convert Midtown offices into apartments by psychothumbs
There is ALOT you are missing and assuming with your assessment here.
First off is you are assuming there is no cash flow at all for these office spaces. There is and return to office continues to tick up. If it keeps going and if there is an event like a white collar recession employees will be more willing to go in and will have less bargaining power.
The second is you are assuming it would be more profitable to go residential. There are huge construction costs to make this transition, plus downtime where the building is empty and design costs. Residential is also less money per sf by ALOT.
The last and most important point is the value of commercial space versus residential. If you convert a building not only do you lose SF to get legal light and air plus egress for each unit, you lose huge value on the sf you do keep. This drops the value of your overall portfolio which you use to gain credit and borrow with (to the tune of tens of millions). These buildings are not all about cash flow for owners. They are giant stores of wealth for credit and borrowing.
ehsurfskate t1_j64edp0 wrote
Reply to comment by newestindustry in Mayor Adams unveils proposal to convert Midtown offices into apartments by psychothumbs
As a building design professional I wouldnât say knowing how to convert class C office space to residential in a manner that makes financial and practical sense is âcommon senseâ.
ehsurfskate t1_j63j2ed wrote
Reply to comment by mission17 in New York's Bill to Decriminalize Low-Level Drug Possession by greenhousecrtv
Where on this sub do you see this response in any remotely upvoted comment? Appears to be quite the opposite....
ehsurfskate t1_j40qyai wrote
Reply to comment by PandaJ108 in Alleged anti-Asian bigot shoves woman to the ground in NYCâs Herald Square by [deleted]
This still doesnât show what the first commenter was saying. I read the article and the jist of it seems to be that hate crime charges often get dropped since they are hard to prove and therefore itâs better to charge them with something that will actually stick. There seems to be a higher burden to prove itâs actually a hate crime and not just an assault beyond the attacker just being another skin color.
Anyways, the data I was asking for is data that shows âpeople who commit hate crimes against Asians get the charges dropped at a higher rate than hate crimes against other racesâ. This is what the commenter was claiming and nothing so far has supported this.
ehsurfskate t1_j3za3hk wrote
Reply to comment by FarmSuch5021 in Alleged anti-Asian bigot shoves woman to the ground in NYCâs Herald Square by [deleted]
These are just two individual cases though right? I was wondering if you had some data showing a trend where cases against those who commit assault against Asians are adjudicated differently.
ehsurfskate t1_j3yrd7j wrote
Reply to comment by FarmSuch5021 in Alleged anti-Asian bigot shoves woman to the ground in NYCâs Herald Square by [deleted]
Do you by any chance have a link to some data that shows this?
ehsurfskate t1_izhgq30 wrote
Reply to comment by atari_Pro in New Yorkâs âzombieâ office towers teeter as interest rates rise by rootbeer_racinette
The thing to remember is they donât need to stop the bleeding. They may be willing to wait a decade or more if they can borrow against the higher value of a commercial building.
ehsurfskate t1_iyu7tah wrote
We donât touch shit like this because we are afraid, you donât touch it because itâs dirty.
ehsurfskate t1_itdphsw wrote
Reply to comment by Extension_Gap2319 in Press Advisory: AALDEF and Chinatown & LES Community to Announce Lawsuit Using NYâs New Environmental Protections Against Major Developer by hannibalbaracka
Who is the âyouâ? People on Reddit? Iâm literally not white.
ehsurfskate t1_itbhjoa wrote
Reply to comment by Extension_Gap2319 in Press Advisory: AALDEF and Chinatown & LES Community to Announce Lawsuit Using NYâs New Environmental Protections Against Major Developer by hannibalbaracka
Not every things is âwhite peoplesâ (whatever that means) vs all other races.
ehsurfskate t1_iqtzdw2 wrote
Reply to comment by Sea_Sand_3622 in Basement apartment under the sewer? by yoohoooos
You are wrong. Subsection (m). Can be covered with a grate like this.
https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCrules/0-0-0-62749
ehsurfskate t1_iqt0q42 wrote
Reply to comment by Sea_Sand_3622 in Basement apartment under the sewer? by yoohoooos
Thatâs not true. These are also called vaults. They can be open like this. I am in the design industry in the city
ehsurfskate t1_iqrfyph wrote
Reply to comment by Designer-Ad-9373 in Basement apartment under the sewer? by yoohoooos
Yup. This is a vault.
ehsurfskate t1_je85ed6 wrote
Reply to đ New App in Development to Make NYC Street Parking Stress-Free - Looking for Feedback by zach_sm1th
Sounds like a lot of hassle for the user as you need my keys. Also an ASP ticket is $65 and monthly garage is $300 most spots so you need to be much cheaper than that.
How do you handle this?