Gail Kalinoski (@gmkali) profile picture

Freelance writer and editor specializing in commercial real estate, multifamily and renewable energy. Mom of two. Live in the beautiful Hudson Valley, NY.

Dutchess County, NY
Joined January 2010
Photo by Gail Kalinoski (@gmkali)Photo by Gail Kalinoski (@gmkali)Photo by Gail Kalinoski (@gmkali)Photo by Gail Kalinoski (@gmkali)
Gail Kalinoski retweeted
I doubt many fully appreciate the magnitude of what is being reported in this piece. First off, it is 100% accurate and as a large owner of this type of product I can confirm from first hand experience that this is exactly what is happening. Lenders are arguably the most rational economic actors and their decision to flee the affordable housing market is a direct result of conditions on the ground. The situation is absolutely dire - rents (and thus revenues) are frozen, the % of those revenues that are collectable has fallen dramatically (as a direct result of "tenant protection" policies), and costs are growing at a rate substantially above inflation. On top of it all, interest rates have risen 400bps+ over the past few years further constricting available cash flow critical to operate these buildings. The net result of absolutely horrendous government policy has been to choke off critical cash necessary to operate affordable housing for the most vulnerable populations in the city. Yes, the landlords get hurt, which I'm sure will make many happy. But much worse off are all the affordable tenants that continue to see the quality of their housing crumble, as well as those desperately in need of housing that are unable to find it because developing, owning and operating these assets (whether for-profit or not-for-profit) has become economically impossible.
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Gail Kalinoski retweeted
Happy Halloween to New York's 57,421 zombie apartments. That's the state's count of rent-stabilized units sitting empty on April 1, 2025. It rose by about 8,000 in one year, 20% over two. Every sign says it's still climbing as more buildings fall into distress. City Hall's rent freeze will push it higher. So will high interest rates and a 74% drop in lending to these buildings since Signature Bank failed. Yet some lawmakers still deny the vacancies exist, or that repairs can run as high as $150,000 an apartment. The same lawmakers line up at press conferences to cheer public housing renovations. Last month NYCHA closed on a $607 million renovation of 1,148 apartments at Nostrand Houses. That's about $529,000 an apartment, in buildings that pay no property tax and get $1,510 a month in subsidy on top of rent. Twilight Zone stuff. Truly scary. 👻
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Gail Kalinoski retweeted
Unlock Our Housing NYC has passed 20,000 direct contacts with tenants. A few things are now clear. Rent-stabilized tenants want better-quality housing. 78% of understand that quality costs money and say a fix for vacant rent stabilized units is needed. Half would move to a better rent-stabilized apartment, even if it meant paying more rent. More than 60% of the tenants we've talked to have heard of empty apartments in their own building. This is a fixable problem. The fix helps tenants and the buildings they live in. We can add housing and improve it at no cost to taxpayers and without raising rent on any other tenant. Let's unlock these homes!
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Gail Kalinoski retweeted
That’s $375,000 per apartment unit to renovate btw. I’ll keep pointing this out until I die or until New York amends vacancy control to fix its broken housing system. Whichever comes first. gothamist.com/news/in-east-b…
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Gail Kalinoski retweeted
60,000 vacant apartments could be brought up to code, made lead-free, and electrified. It would cost the state nothing, raise no existing tenant's rent, and bring tax revenue and jobs back to the city. If a lawmakers only response is that the owner should have kept the unit up to code anyway, occupied or not. That means the owner should have been raising other tenants' rents the whole time to pay for an apartment regulated below its cost to operate. They aren't serious about housing or about solving problems. As more apartments go vacant and more buildings go insolvent, they can keep writing pithy tweets. They get to stay blissfully unaware of what it now costs to operate and improve housing in NYC, and how much of that is their doing. They can cheer rent freezes, then call it greed when no one will provide housing for free. They aren't serious people. Housing will only get worse until someone in leadership says enough with the bullshit.
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Gail Kalinoski retweeted
No pizza in the world better than a NYC regular slice
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Gail Kalinoski retweeted
My daughter's middle school has the most direct fundraising strategy and I'm here for it. We can skip the whole charade.
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Gail Kalinoski retweeted
I am TEAM LOBSTER !!! GO GO GO!
The lobster house in Cape May floods & then the great lobster escape ! Kid you not ! RT
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In 2005, Oneida shut the flatware factory in Sherrill, New York. A town that had made silverware for MORE THAN 100 YEARS was supposed to be finished. Two men refused to let that happen. Their names are Matt Roberts and Greg Owens. Roberts had managed that factory. Owens was another former Oneida manufacturing manager. When the company ended U.S. production, they bought the plant and the equipment and reopened it the NEXT DAY as Sherrill Manufacturing. They did not have a giant rescue fund. They did not have a Hollywood ending waiting. They had a building, some machines, and a workforce that knew how to make forks, knives, and spoons. At first they kept making product for Oneida. Then Oneida pulled the remaining American work and sent it overseas. That should have been the end. It wasn’t. They took government flatware contracts to keep the lights on. In 2010 they filed Chapter 11. They sold unused equipment. They sold space they could no longer fill. They leased back only the part of the factory they could still run. They came out of bankruptcy in 2013. Then they did the thing that saved the company. They built their own brand: Liberty Tabletop. They sold 18/10 stainless flatware straight to customers who wanted tableware MADE IN THE UNITED STATES. Not through a department store that could drop them overnight. Direct. Today Liberty Tabletop is the only company still manufacturing stainless steel flatware in America. Same town. Same trade. U.S. steel. About 70 jobs. They did not bring back 2,000 workers. Nobody did. What they saved was the last line. If you want American-made forks and spoons, this is the factory that still makes them. Support Liberty Tabletop. THIS is what keeping manufacturing in America actually looks like. 🇺🇸
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Gail Kalinoski retweeted
Our starting pitchers for the Wild Card Series: #RepBX
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Gail Kalinoski retweeted
An absolutely massive move on housing: @NYCHousing is demolishing its offices at 100 Gold St., an outdated building from the 1960s, and turning it into *4,000* units of housing. 1,000 units will be permanently affordable. This is more new housing than some entire cities build in a year. Project will also include a new senior center, a 40k sq ft gym open to the public, and lots of public realm improvements around the site. HPD will get a new home in a separate, modern building. This is the kind of big, bold project we need much more of.
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55 Water St crew deploying flood barriers to protect mechanicals ahead of the weekend noreaster.
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Gail Kalinoski retweeted
Today marks 15 years since the final episode of All My Children aired on network TV. For 41 years we shared so much love. That love lives on in our hearts, the characters, the actors, the stories, and the legacy of the woman who started it all, Agnes Nixon. #AllMyChildren
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Gail Kalinoski retweeted
Ben Rice just clubbed his 40th homer. The only other Yankee to have a 40-HR season in their first 3 big league seasons are Joe DiMaggio and Aaron Judge.
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HE HIT 41 HOMERUNS
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Gail Kalinoski retweeted
McDonald's is spending 8.5 billion dollars to find out why families stopped coming. I can save them the 8.5 billion. They took out the playground. The plan, announced Wednesday at investor day. Better food, faster service, new equipment, AI tools, hospitality training, and a bigger push into chicken and beverages. They call it Next. The goal, they say, is making customers feel more comfortable. Wall Street loved it so much the stock fell 5 percent to its lowest since 2022. Over five years McDonald's shares are down 3 percent. Burger King's parent is up 14. The owner of Taco Bell and KFC is up 13. This is not a hamburger problem. This is a McDonald's problem. So let us talk about who used to eat there. Parents. That was the whole business. Parents at 5:40 on a Tuesday with three kids in the back and nothing thawed at home. You did not go for the burger. You went because your kids could run screaming through a plastic tube for 40 minutes while you sat with a coffee and experienced silence. That was the product. The food was the cover charge. The first PlayPlace opened in 1971 in Birmingham, Alabama, and for fifty years it did one job. It made small children demand to go to McDonald's. Then 2020 arrived, every play area in the country closed, and a great many never came back. The equipment came out during a remodeling program named Experience of the Future. The Experience of the Future turned out to be a touchscreen. Their own chief executive said he did not know if ball pits were in their future. Sir, you were not selling ball pits. You were selling forty minutes. So now there is no counter, no playground, and no reason for a seven year old to want to go. A screen, a window, and a bag. And for that we pay prices that require a moment of reflection in the parking lot. For thin, overcooked, oddly uniform pucks that taste like a memory of beef. I did not love them because they were good. I loved them because I was eight and there was a slide. And have you seen the new buildings. The old ones were unmistakable. Red roof, yellow arches, legible from a highway at 70 to a child who could not yet read. The new ones are a flat gray box with a small logo and a drive through wrapped around it. A regional claims office with a fryer. They removed the color, the characters, the counter, and the playground, and then hired consultants to find out why it no longer feels like anywhere. Which is why, when I have to eat fast food, I go to Chick-fil-A. Not for the politics. For the competence. They have led the customer satisfaction index for fast food eleven years running, and average 8.5 million dollars per location against McDonald's 4 million. More than double, while closed on Sundays. Fifty two days a year with the lights off, and still double. A seventeen year old hands you a bag and says my pleasure and means it about 70 percent, which is 70 percent more than a touchscreen has managed. McDonald's is spending 8.5 billion on hospitality training. Chick-fil-A earns 8.5 million per restaurant by just having some. So here is my consulting proposal, free of charge, on behalf of mothers everywhere. Put the playgrounds back. Not a nostalgia campaign. Not a retro cup. The structure. Tubes, slides, a door the kids cannot open from the inside, and a bench where a tired woman can sit. And understand what you are buying, because it is not lunch. A six year old does not know your food is bad. He has no basis for comparison and no functioning palate. He thinks the burger is incredible because he is standing in a castle made of tubes. That is the window. That is the only window you get. You catch them before the taste buds arrive, and thirty years later they drive past your sign, feel something they cannot explain, and pull in anyway. That is not a menu strategy. That is imprinting, and you shut it down in 2020 to save on cleaning. Eight and a half billion dollars for AI tools and hospitality training. Or a slide. 🦋
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Gail Kalinoski retweeted
Right now, in many neighborhoods on StreetEasy, if you search for 1-bedroom apartments under $2500, you’ll find fewer than 5 on average. If we solved the vacant rent stabilized apartment problem and got 60,000 units back on the market in a year+ a slow steady supply returning back to market in the years following we could measurably lower rents and improve quality. What are we waiting for? Unlock our housing.
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If you lived in the tri-state on 9/11, chances are you knew someone who died. For me it was an ex-boyfriend & a former neighbor. Later learned of classmates or folks from the neighborhood who perished. An acquaintance who was NYFD was one of those who survived in Stairway B 🙏
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My daughter is 28. Her first real memory is of 9/11, walking into my bedroom as I stared at the TV & said "Why are you crying Mommy?" My husband was working in lower Manhattan & it would be hours until I heard he was OK & even more hours before he made it home. Never forget 🙏
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