poor doors

affordable housing, Policy, Polls

Lower income residents of Extell’s notorious “poor door” building at 50 Riverside Boulevard are not happy with what they’re considering glaring disparities between those like themselves who live in the affordable units and those in the luxury section of the building. Aside from having to use a separate entrance, the lower income tenants don’t have access to amenities such as a movie theater, two gyms, a doorman, and a bowling alley. They also claim their apartments lack dishwashers, light fixtures in bedrooms and living rooms, and have faulty intercom systems.

But are their complaints warranted? After all, the affordable units start at just $833 a month for a prime Upper West Side location, compared with millions of dollars for one of the luxury units. And many market-rate renters throughout the boroughs who are paying significantly more still don’t get doormen and dishwashers. Which side are you on?

affordable housing, lincoln square, New Developments, Policy, Upper West Side 

Image via One Riverside Park

After receiving 88,000 applications for 55 affordable apartments last February, the residents chosen from among them have been moving in to the rental side of the 33-story luxury building at Extell Development’s 50 Riverside Boulevard in Lincoln Square. The lower-income/luxury split sparked the heated “poor door” controversy due to the significant amenity differences and efforts to physically separate the two parts of the building (the rental, low-income portion of the building actually has a separate address of 40 Riverside Boulevard). Now, according to the Post, low-income tenants have been discovering that the differences are indeed notable.

A lavish lobby and a forbidden courtyard

Real Estate Wire

The Helmsley Building New York 230 Park Avenue, The Helmsley Building New York, 230 Park Avenue
  • The Commercial Observer interviews Gary Barnett of Extell. The developer discusses everything from his aggressive development stance to the “poor door” controversy that’s gotten everyone all riled up. [CO]
  • An epic tale of murder at 31 Bond Street—the site of new condos coming to the NoHo market. [NYT]
  • The “Gossip Girl Penthouse” at 1136 Fifth Avenue sold for $35M, $5M above asking. [TRD]
  • The Upper East Side is cooler than Brooklyn, according to an Upper East Side resident. [The Daily Beast]
  • Related Companies is turning Carnegie Park at 200 East 94th Street into a condo building. The move is right in line with the trend of converting rentals into highly profitable luxury condos. [NYDN]
  • Owners of the landmarked The Helmsley Building at 230 Park Avenue may place the office tower on the market for $1.5 billion. [Crain’s]

The Helmsley (left). Image via Monday Properties; Carnegie Park (right)

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