Like a scene straight out of Breakin' 2, the residents of 1520 Sedgwick Avenue in the Bronx are working together to save their home from a wealthy real estate investor who wants to turn their affordable housing units into market-rate (i.e. expensive) apartments which would all but eliminate the tenants ability to remain.
This is no ordinary apartment building. In 1973, Legendary DJ Kool Herc held a party in the community room of the Sedgwick Ave property where his innovative DJ style laid the ground work for the inception of the music genre known as hip-hop. DJ Kool Herc, US Senator Charles Schumer, and the tenants held a special press conference today to unveil a plan to acquire the property and maintain it as affordable tenant-controlled housing.
And $14 million will come from where exactly?
(As reported by TheWeight news bible, BallerStatus)
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