Ken takes your calls!

Vincent in Brooklyn, NY, calls Ken to explain his experiences in the NYC real estate business.

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:00):
The Mark Simone Show on seven to ten. Wr Ken
from Mark Today, Yere's Ken Rosato and good be with you.
On a Friday, straight to our busy phones, we go
to our friend Vincent in Brooklyn. Good morning, Vincent.

Speaker 2 (00:14):
Can can you hear me?

Speaker 1 (00:14):
I sure? Ken?

Speaker 2 (00:16):
Okay? Ken? I heard the real estate expert that you
just had on your show. Ken. Me and my family
have been in the real estate business for ninety five
years in New York City. There was at one time
there wasn't a neighborhood where my grandfather owned or owned
in the past house. He bought his first department building

(00:36):
two weeks before the Great Depression. One of the biggest
drivers of the high rents in New York City is
you can't have twenty million immigrants come into this country,
and a lot of them are going to the big
blue cities like New York, Chicago, La Boston. They also

(01:00):
apartments that used to be let's say marginal. Let's say
apartments that ah, they were like a sled. Put it
this way, they would be considered starter apartments. There would
be an apartment that you rented when you first got
out of school, or you first got married or whatever,
and then you'd work your way up. Now those apartments

(01:20):
are considered high end. The people are not building new
buildings here because of all the regulations. Every month there's
a new regulation I have to comply with. The newest
one was a number of years ago, about ten years ago.
There was the lead paint certification. Right, okay, when you

(01:42):
ret the apartment, you had to certify that there were
no children under six years old. There was no lead paint.
Everything was either ripped out or painted over, which makes
the lead innocuous. Now recently, two weeks ago, I got
an email from the City of New York saying that
I have to prove in advance that there's no lead.

Speaker 1 (02:05):
How do you How are you supposed to do that?

Speaker 2 (02:07):
Yeah, here's the here's the can. You have to call
up a lead abatement company and they come down and
every inch of your house they inspect for lead paint, vapors,
lead paint, lead and paint hasn't been used in a
hundred years. The only place and I used to work
in a steel factory sixty or sixty years ago, where

(02:31):
we used to make fuel tanks for gas nations and
for apartment buildings. When they would come off the assembly line,
me and this other kid. He was on the right
side and I was on the left side, and we
have buckets of red oxide primate paith and we would
paint the it's anti corrosive anthe was. We would paint
the tanks and then when they were shipped out, the

(02:53):
landlord or whomever would paint them. What are the color
you want? That's the only place where it was found.
So now, when I got this letter, I called up
some letter batement companies. They want two hundred and seventy
five dollars per apartment. She because we'll certify that you

(03:13):
don't have lead VAPEI is over a certain amount of million.

Speaker 1 (03:17):
And Vincent I don't mean to step on the only
because it's almost news time at Vincent. I guarantee there
are only certain people who qualify to do that job.
And I wonder what their connection is with the officials.
I'm just saying I don't know. But here I'm gonna
leave you with this. Vincent, could you will appreciate this.
I saw this story that I thought of you last night.
When I read this story, New York City will see
a wave of apartment buildings with ninety nine units. Did

(03:41):
you hear this. So apparently there's a new tax program.
New York City developers have hit a fresh snag in
trying to solve the city's housing process. It's a new
tax program that costs them extra money if they build
a building that has one hundred apartments or more. So
what are they doing to save? And it's a lot
of money. So they're capping it off at ninety nine.
So now you're gonna get like thousands of apartment buildings

(04:02):
with ninety nine units or less as a result. Here
they want to solve the housing process, the housing crisis
in New York City, but yet they impost penalties on
landlords who want to build buildings with one hundred units
or more. So why bother doing it? This is the Left.
They always cut off their noses despite their faces. Vincent,
you know, I love talking to you, my friend. Have

(04:22):
a wonderful weekend, enjoy it. Ah, my goodness. All right,
we're going to talk about ID coming up. It is Friday,
Ken Rozotto and from Mark In just minutes from now,
we will speak with brand and digital strategist Fisher about
a new easy way to get through the airport using
your phone instead of a passport, and then we're going
to hit on the issue of digital ID