Birthplace of Hip-Hop To Be Sold

1520 Sedgwick Avenue in the Bronx, the apartment building recognized as the birthplace of Hip-Hop, is being sold.  It’s being sold to a high profile real estate developer named Mark Karasick for $7.5 million. The tenants took the case to court in efforts to stop the sale but were shot down.

“While the owners of 1520 Sedgwick have a legal right to buyout of the Mitchell-Lama program, the building’s residents have made an offer that we believe is more than fair,” Shauna Donovan, commissioner for the housing preservation department, told the New York Times. “In this light, it is difficult to understand why the owners would choose to put the affordability of over 100 families’ homes at risk.” Source

Looks like a fine case of gentrifications.  Nothings sacred, eh?

 

Want more Manifesto? Check me out at Blogger.com and Today.com.