Stuy Town and Peter Cooper Village May be Sold!

Hmm, Met Life is thinking about selling Stuyvesant Town and Peter Cooper Village. Maybe it's logical that the complex, which has been trying to upsell their renovated apartments to tenants with bigger bank accounts, would be on the block, because there's only so much Met-Life can probably take from tenants of both the rent-stabilized and market rate kind. And we expect tenants to go nuts if the building is sold - we wonder how lease rights will be handled. Hilariously, someone from an investment bank emailed us to ask us if we had any information about the buildings to aid in "research." All we can say is that if i-banks are researching deals on blogs,we're putting our money in pumpkins futures - they should peak around Christmas. Check out the official Peter Cooper Village Stuyvesant Town site for market rentals and the Stuyvesant Town Peter Cooper Village Tenants Association website for information.

And if you're wondernig about rent-free living, you must read this Village Voice article about illegal loft conversions.