Bronx’s “birthplace of hip-hop” sold

October 06, 2008 12:48PM

The affordable housing
complex and the “birthplace of hip-hop,” 1520 Sedgwick Avenue in the
Bronx, was
sold last week to developer Mark Karasick and taken out of the
Mitchell-Lama
program.
Removing the
South Bronx building from the Mitchell-Lama program puts it under the city’s rent
stabilization laws
.
Residents of 1520 Sedgwick Avenue, between Cedar Avenue and
the Major Deegan
Expressway, had been trying to buy the building to prevent its sale and
won a temporary restraining order by filing a lawsuit with the State Supreme
Court. The building is considered the
birthplace of hip-hop
because DJ Kool Herc, one of the founders of hip-hop, lived in the
complex in the
1970s. TRD


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