Sale of Hip-Hop Landmark Rejected

The New York City Department of Housing Preservation and Development on Monday (March 3) rejected the sale of 1520 Sedgwick Avenue in the Bronx, a building long considered to be the “birthplace of Hip-Hop.” Tenants of the building, where DJ Kool Herc held a party in 1973 that helped spawn the genre, have been fighting to maintain the keep the property in the city’s Mitchell-Lama affordable housing program. After a real-estate developer made an inflated offer, residents began to worry that the building could be removed from the program, which would have likely caused rents to skyrocket. According to amNewYork, the HPD rejected the sale after reviewing the prospective buyer’s proposal and finances. “We couldn’t see a way the rents allowed under Mitchell-Lama could cover the purchase price,” said Neill Coleman, a HPD spokesman. Although the building was deemed eligible for designation as a historic landmark last July, the HPD could not legally consider its status when assessing the sale. In January, with support from Herc and U.S. Senator Chuck Schumer, the tenants announced that they had formed an ownership group and were in the process of raising money to purchase the building themselves. Should they succeed, they intend to turn the property into an affordable co-op. While the HPD decision brings them closer to that goal, the fate of the building is still up in the air. The current owner could still pull the building from the Mitchell-Lama program and sell the property without public review.

  • ATL = All Trannies Live

    HOUSING PROJECTS AREN’T SUPPOSED TO BE PERMANENT HOUSING!!!!!!!!!!!!!

    It was designed to help people save money then move on. You’re not supposed to LIVE YOUR ENTIRE LIFE ON GOVERNMENT PROGRAMS!!!

    I can’t wait until they revise the Welfare system.

  • O-Mitch

    ATL got a point man, they should raise the money,buy the place, sell the place and get the fuck out the hood!!!

  • The A

    It’d be good to see the developer do a hip hop 70′s 80′s NY inspired lux Hotel……..yeah send them muthafuckers to jersy reaise the rent so we can raise the roof. serves HERC right 4 sue’n HOV. Hov should buy it Kick err body out and build a J Hotel there and use all the old shcool pics and disign…graff, pics music err thang. Call it the J on Sedgwick and let that Muscle Man Herc and Melly Mell be the nite security.

  • http://WWW.MYSPACE.COM/FOFENT HOOD SINCE 84

    FUCK ALL THREE OF YA DUMB MOTHERFUCKERS…YA MUST ALL BE FROM THE FAKE…ME IM FROM THE HOOD HOOD…THE REAL HOOOD.IN UR MINDS UR LIKE FUCK THEM PEOPLE NOT TAKING IN TO CONSIDERATION THE FACT THAT THERE’S ELDERLY PEOPLE LIVING IN THAT BUILDING LIVING OFF OF SOCIAL SECURITY THAT CANT AFFORD TO LIVE IN REGULAR PROJECT BUILDINGS AND UR GANNA KNOCK THEM FOR WANTING TO STAY ON A PROGRAM THAT GIVES THEM DISCOUNT ON RENT. WHAT ABOUT ALL THE SINGLE MOTHERS WORKING HARD JUST TO PUT FOOD ON THE TABLE AND CLOTHES ON THERE CHILDRENS BACKS. BUT FUCK THEM HUH!!! FUCK ALL THE PEOPLE WHO BEEN LIVING THERE ALL THERE LIVES AND WHO WOULD LIKE TO BE ABLE TO LEAVE THE JECTS ON THERE OWN TERMS AND NOT GET THROWN OUT ON THE STREET IN THE MIDDLE OF WINTER…BUT FUCK THEM HUH!!!! NA FUCK YA…NO REAL HOOD MOTHERFUCKER WOULD EVER SAY SOME DUMB SHIT LIKE THAT..THEY FORCED US IN THE JECTS NOW THEY WANT US OUT..WHEN R WE GANNA START FIGHTING FOR US AS PEOPLE…U IGNANT BASTARDS…?

    • INF

      He’s right man

  • http://www.xxl.com vincent

    Atl the only reason u want to see this place gone is because u hate ny hip hop and everything to do with it. Im sure if the birthplace of crunk was in trouble ud be the first complaining. Fucking Hater!!!!!!

  • http://www.xxl.com vincent

    Atl the only reason u want to see this place gone is because u hate ny hip hop and everything to do with it. Im sure if the birthplace of crunk was in trouble ud be the first complaining. Fucking Hater!!!!!!

  • moresickaMC

    Just make the damn place a hiphop museum

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  • Ali

    a museum would be a good idea…but hey that’s home to some people so that’s gotta be respected…tha building shouldnt be fucked with