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It Happened One Weekend: On the Joys of Rent Regulation

1) A battle rages over the few remaining tenants at 1200 Fifth Avenue, a classic prewar building designed by Emery Roth. The Chetrit Group have renovated the units to put them on the market, but the mainly elderly tenants who've chosen to stay suffered through months of pain including "sporadic water and power shutdowns, construction debris and broken elevators." With winter coming, they face a new issue: no heat. One tenant, Muriel Mendlowitz, was given "a single space heater 'the size of a toaster' to heat her huge seven-room apartment on the 15th floor, which has a view of Central Park." That unit is listed for $6 million, but she "is under no pressure to buy: the rent-regulated tenants left in the building are protected from eviction." [Josh Barbanel/The Big Deal]

2) We learn once again of the trials and tribulations of two recent college grads, Holles and Whitney, looking for their first apartment in New York. Even after spurring Brooklyn ("We didn’t see the point in moving to such an amazing city and being so far away from everything") revising their requirements, and dealing with shady brokers, the perfect apartment proved elusive. Finally, after being beaten down by the process, the girls settled on a 2BR on East 66th for $1,725 sight unseen. Now, they're starting to get the hang of rent stabilization, saying “We are already planning to have our grandchildren live here.” [Joyce Cohen/The Hunt]

3) Suzanne Slesin takes a tour of David Rockwell's One Carnegie Hill. Part rental, part condo and part coop, we learn of overwhelming amenities like the pet spa, fitness center and lap pool and find some units more appealing than others. The best: 40C, with two bedrooms and two bathrooms over 1,162 square feet. [Suzanne Slesin/Window Shopping]

4) The City Section gets the word on the street about Atlantic Yards, interviewing residents and local businesspeople about the pending project. As always, opinions are mixed, with some excited about jobs and others worried about traffic and lack of light. Most amazingly, they find a real Nets fan who lives in Brooklyn and is ready to cheer on his hometown team: "We could walk right to the Atlantic Yards from our house and watch a basketball game. That’s a beautiful thing." [Jennifer Bleyer/On the Block]