Saturday, March 8, 2014

Studio: History of a Building

This reading is about the history of a building in Harlem, that shows the financial process of selling, receiving and maintaing a building until it can reach a point for a livable condition. It shows a timeline of how long it takes for mortgages to be paid off by specific dates (ex: February 17,1951). It then goes through more dates of struggles with the city, then a dated transformation of interior demolition to build condominiums. One after another they were sold in 1989. William Lester initially bought those lots (3 of them) for approximately $12,000. Almost a hundred years later, issues with the city, fires and money were solved and finally, a single condominium was sold at $146,000. It is interesting to see a timeline with photos rather than a story of the building's transformation that increases its value.

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