In 2002 the city sold 11 East Village/Lower East Side squats for $1 each to a nonprofit group that would help residents bring the buildings up to code and turn them into co-ops, and now EV Grieve reports that the Bullet Space is the first to be transferred to tenants. The artists' collective and gallery is on East Third Street between Avenues C and D, and Grieve says the Umbrella House on Avenue C is the next former squat that will be converted. [EV Grieve; Bullet Space]
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