|1520 Sedgwick Avenue|
Front of the building.
|Location||The Bronx, New York City, New York|
|Floor area||119,919 square feet (11,140.8 m2)|
1520 Sedgwick Avenue is a 102-unitapartment building in the Morris Heights neighborhood in the Bronx, New York City. Recognized as a long-time "haven for working class families," in 2010 The New York Times reported that it is the accepted birthplace of hip hop. After a long period of neglect and shady dealings in the 1990s and 2000s the building has been "highlighted by elected officials and tenant advocates as an emblem of New York's affordable housing crisis." Senator Charles E. Schumer called the building "the birthplace of predatory equity", and Representative José E. Serrano, speaking of the building's recent purchase, called it, "such a visible building."
On July 5, 2007, 1520 Sedgwick Avenue was recognized by the New York State Office of Parks, Recreation and Historic Preservation as the birthplace of hip hop.
The creation of the Cross Bronx Expressway uprooted thousands in the Bronx during the early 1970s, displacing communities, and fostering white flight. 1520 Sedgwick Avenue, which received its first mortgage in 1967, is located on the Expressway.
DJ Kool Herc said he used two copies of the same record, Campbell unveiled the technique which he called the "Merry-Go-Round" at his sister's party on August 11, 1973. After renting the recreation room for 25 dollars, Cindy charged 25 cents for females and 50 cents for males to attend. "I wrote out the invites on index cards, so all Herc had to do was show up. With the party set from 9 p.m. to 4 a.m., our mom served snacks and dad picked up the sodas and beer from a local beverage warehouse." With the exhibition of his new style, Campbell's friend Coke La Rock demonstrated another innovation called rapping. Attendees, or people who later claimed to be there, include Grandmaster Caz, leader of The Cold Crush Brothers, Grandmaster Flash, Busy Bee, Afrika Bambaataa, Sheri Sher, Mean Gene, Kool DJ Red Alert, and KRS-One.
Starting in the early 2000s, building owners threatened to turn 1520 into high rent units. Senator Schumer led a rally in 2007 focused on maintaining the affordable costs of the housing in order to maintain its working class roots. The New York State Office of Parks, Recreation and Historic Preservation recognized the building as the "birthplace of hip hop" on July 5, 2007.
Starting in 2007 the building's owners sought to repeal the status afforded to the building by the Mitchell-Lama Housing Program, which allowed it to maintain rent control for low-income and working class residents. Despite work by groups such as the Urban Homesteading Assistance Board and the Tenants and Neighbors Association to preserve the building's Mitchell-Lama status, the courts allowed the building's status to be repealed. In 2008 the building was sold to a real estate group that included Mark Karasick, a prominent real estate investor, which intended to turn the building into market-rate housing. However, after the United States housing bubble burst a period of neglect and threats of forced evictions daunted residents, and despite promises to the opposite, the building fell into decline. In 2010 the city's Housing Development Corporation provided a $5.6 million loan to allow Winn Development and a new group called Workforce Housing Advisors to buy the building's mortgage from Sovereign Bank for $6.2 million. Rafael E. Cestero, the commissioner of the New York City Department of Housing Preservation and Development, said they supported the sale in order to help provide sustainable housing for working-class families.
On November 7, 2011, following a foreclosure auction with no active bidders, Workforce Housing Advisors were able to take title of 1520 Sedgwick Avenue. Several residents, who were present at the auction along with tenant advocacy group Urban Homesteading Assistance Board, wept with joy when the auctioneer announced no bids had been registered. John Crotty of Workforce Housing Advisors told the New York Times that his group intends to renovate the distressed building and work with tenants to recognize its importance. The group's investors are more interested in steady, secure returns than in making money quickly. Some money for renovations will be provided by New York City's department of Housing Preservation and Development, and the Housing Development Corporation. The new owner intends to pursue a listing for on the National Register of Historic Places, for which the building was deemed eligible in 2007 but Karasick declined to accept.
The new ownership of 1520 Sedgwick is seen by public officials and housing advocates as a huge victory in the struggle to preserve affordable housing in New York City. It is a big step forward in the fight to rescue low income housing from the disastrous impact overleveraging has had on this vulnerable resource. The rescue of 1520 Sedgwick was largely made possible through a sustained organizing campaign within the tenant body. Residents of this iconic building fought for over 5 years to maintain the affordability of their home and rescue it from speculative landlords.
Notable residents include DJ Kool Herc.