Dear Scott and Tommy,
With regards to your West Maspeth property:
We're still keeping an eye on this site. Let me remind you of a few things.
1) The zoning for this site is M1-1D, not R6. The only thing that may be built here "as of right" is a high performance factory, warehouse or other non-polluting commercial facility.
2) You are well aware that you cannot build homes on this property without a zoning change because of the presence of a hazard (a lumber yard) on the other side of the railroad tracks.
3) You withdrew your rezoning application to make it R5B in 2007.
4) False advertising is illegal.
5) You bought this property for $6.5M at an overinflated price at the height of the real estate bubble and if you think you are selling it now for $9M you must be smoking crack.
19 comments:
HA!
Sorry crapper, your wrong.
This is why an Architect or an Engineer must always be consulted before a purchase is made.
That little 'D' stands for dwelling(s). As the Zoning Resolution reads. If 50% or more of the blocks adjacent and opposite are residential dwellings a developer may also erect dwellings. Or something like that, possibly with an as of right nod from City Planning.
They can't do that because of the presence of a hazard, being the lumberyard, on the other side of the railroad tracks. If they could have gotten the special permit from city planning, they would have done this years ago. They need a zoning change. This was explained by their attorney and the Department of City Planning before the community board years ago.
How is a lumberyard hazardous?
Maybe they can put a school here.
... and they misspelled "opportunity."
It's in the City Planning code as a hazard. Ask them. I suppose it has to do with the threat of fire.
Yeah right - the same real estate office that agent Joan Sammon quietly wispers in the ear of investors seeking to buy propery to house extended family and workers "Turn the cellar into a producing apartment - everyone does it - keep this secret to yourself"
This agent is one of the most unethical in Maspeth - she has her hands in everyone's pocket.
The O'Kane ad doesn't even have a fine print disclaimer.
Residential from R2 to R10 may be allowed in M1-1D areas, and this is true in parts of Maspeth. M1-1D may not *equal* R6, but R6 is allowed.
No, it's not in this case, as has been explained in detail. They would need a special permit from City Planning Commission in order to build residential, and CPC is prohibited from doing this because of the presence of the lumber yard. Therefore, in order to build housing here, the developer must apply for a zoning change and go through ULURP, which I suspect would never survive considering the site would be completely surrounded by manufacturing zones. This is why they didn't build housing here 4 years ago when they actually had the money to do so.
Crapper, I love it when you put these real estate know-it-alls in their place. GO GET 'EM!
any developer who really wanted the property would buy the lumberyard also, put it out of business (after all competition with Home Depot and Lowes must be a bitch), and then build homes on both sites.
The lumberyard site is in M3-1 which is in the City's IBZ, so no dice. And it's also pretty damn big and has a railroad siding. It's not going anywhere. Tommy and Scott have lost tons of money on this property and the one in Fresh Meadows. They're lucky they have a pot to piss in to be honest.
No one has the cash to rent,let alone buy.............
Joan Sammon and Jim O'Kane of O'Kane Realty routinely advertise the homes in Maspeth as "Developers Dream" or "perfect for Mother Daughter."
These people care nothing about the community and ONLY the almighty dollar.
Actually, I don't care. And I can't figure out why y'all care so much, either.
Let the buyer beware, no?
Yes let's just say buyer beware and not have any rules on advertising or real estate transactions.
Asshole.
I hope all the greedmeisters and chancers of the last few years loss their shirts..and their pants!
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