Some good news in the ongoing saga to save 1520 Sedgwick, better known as the Birthplace of Hip Hop. Today Senator Schumer, who has been lobbying on behalf of the tenants to preserve the building's affordability, announced that "the city Department of Housing Preservation and Development rejected the proposed sale to developer Mark Karasick because current rents could not be sustained if the sale had gone through." The move doesn't insure that the building’s owner......

Last year we visited 1520 Sedgwick Avenue's past and uncertain future. The "Birthplace of Hip Hop" was, and still is, in danger of losing its lifeblood when the landlord (BSR Management) announced they wanted to abandon the Mitchell-Lama program. Essentially buying out of the program and leaving the doors open for a rent increase. Then things got worse when BSR made it clear they would be selling the building to a real estate mogul Mark......