Hey Mazon Discount Store on Franklin, when are you going to sell?

I would guess he (or his family) will sell when they no longer want to run the business or, when the business is no longer viable. And I would guess that they would look at developing it themselves before they would divest. So short answer, no time soon.

I don't doubt that its not exactly brisk business at either Mazon or the other 99c type store across the street from them. Not exactly a steady stream of people going through.

I don't know how many people would want to live on that corner as the noise would be terrible unless they were a few floors up. And not every parcel of land has to be utilized to its fullest. That is why there are single family homes built on 40 or 50 acres that aren't farms and aren't going to be subdivided. Besides, since that land is taxed on its present use I'm sure that they're quite low for a commercial property.

I just wonder why there is this push to maximize usage and density, even in the face of a seeming lack of interest by the owner in greater density? Wasn't the lesson learned with the community garden space? We went from having a disinterested owner who allowed his property to be used for community space to a property with inflated value and no use. Why should we speculate when Mazon will sell, as if the flipping of this property is going to do anything for the rest of us other than put ongoing upward pressure and result in more of this.

Maybe so but not everyone is induced by money or knows when it's the best time to sell. That's why Trump's Taj Mahal in AC is built around that woman's house. She thought she would get pie in the sky money and now she's stuck with a parcel that isn't worth the dirt it's built on. Besides, I suspect that because the taxes are low the store doesn't have to make big bucks to remain open, it just has to remain profitable.

I suspect they will. I'm only hoping that I will.

The Mazon Store building is called a "tax payer". iTS A SINGLE story building that is holding a place until it is economically viable to develop something there. When someone builds something there it is because the neighborhood has progressed enough that the financial outlay will be covered by the rent or sales of those units. Who would spend money in developing buildings in an area where people cant pay enough to make it worthwhile?

Park Slope and the Village are all pretty throughly developed and I think you would be hard pressed to find someplace to build there. Those are also considered "safer" and have more amenities and hence are more "desirable".

Sell out, … oh yeah with me tonight…

Sell out and everything will be alright

Which band sang this song?

Come on Brooklonians!!!!!

Many insignificant building owners are fine with their building such as they are. They are pulling in good incomes and may not want to sell to developers to tear down and build a high rise. Also those neighborhoods may not be zoned for high rises.

All true. But when most of New York City within an easy commute to the job centers of Manhattan is zoned such that it's difficult to build much taller than currently, and improved urban quality of life combined with high Manhattan salaries and US population growth leads to ever-increasing numbers of people wanting to live in central parts of New York City, then there's no way to avoid skyrocketing prices in the city. That's why the zoning code ought to be redesigned to allow more apartments to be built, rather than the current code, which often encourages small buildings, and in the outer boroughs requires unnecessary parking for buildings over a certain size, which adds a lot of expense and makes many traditional dense designs impractical.

Tight rent regulations, which can serve a valid social purpose, still just make access to the benefits of the city a lottery that benefits a few people so long as there aren't more rent-regulated units being built. My apartment is rent-stabilized and was barely advertised when it came open a couple years ago, and despite the landlord doing a ton of renovations to jack up the price, there were still a ton of people at the showing and something like 5 applicants. I'm pretty sure my roommate and I got the place because we both have professional salaries and savings, and the landlord also likely hopes that because we're young roommates, we'll move on relatively soon and they might be able to jack the rent up out of stabilization.

I have no love for landlords or developers, and a lot of new construction in NYC is disgustingly ugly (probably because people are so desperate for housing that they don't care if the building is ugly). But building a lot of new apartments in the city, often on the footprint of existing buildings, is the only way we'll avoid having a city where only the rich can find an apartment, unless the city again gets so bad that people want to move out en masse.