Manhattan Real Estate History: The Dakota Meets the Developers
There are a million stories about that building, none more famous or tragic than the murder of John Lennon there.
In 1979 Stephen Birmingham wrote an incredibly detailed book about the building, called Life at the Dakota, which tells of everything from ghosts, and squabbles over unsightly air-conditioning, to the influx of scary developers who wanted to tear the whole building down. These are the kinds of fights that are going on in places around New York as we speak. It's amazing to think the mighty Dakota faced the same thing decades ago. Birmingham writes:
Therefore, considering the amound of hubris the building had generated among its tenants over the years, it was with considerable shock that on the afternoon of Friday, December 17, 1960--whild the rest of New York was going about its business of pre-Christmas shopping--the residents of the Dakota learned that their special status was about to come to an abrupt end and they might have to face life as ordinary mortals. That was when Mr. Ernest A. Gross, the one of the building's most distinguished residents, an international lawyer and three-time delegate to the United Nations General Assembly, was sitting in his Wall Street office and a call came through from William J. Zeckendorf who, though he later fell from grace, was then the unquestioned czar of New York real estate and who, in the years since World Was II, has been busily reshaping the Manhattan skyline. "I want to introduce myself," said Zeckendorf to Gross. "I'm your new landlord." Ernest Gross froze. Though Mr. Zeckendorf's phone call was by way of a greeting, it also conveyed in no uncertain terms a warning to Gross and his fellow Dakotans. Whenever William Zeckendorf acquired an old, unprofitable building like the Dakota on a choice piece of land, he razed it and erected in its place a shiny tower of steel and glass which was a modern model of efficiency and economy. "Building like the Dakota don't make sense in New York anymore," said Mr. Zeckendorf.The Dakota was eventually spared--the building's powerful friends brokered a deal whereby it became a co-op.
Is it true that Yoko Ono owns a majority of the ccop shares at The Dakota and thus controls the decision of who can get accepted by the coop board to live there? I heard it today on a tour of central park spouted by a seemingly very intelligent guide.
Would love to know. Thanks. ALso, is it possible for one person in a coop to own majority of shares...as I understand she would have to own majority of the building. Does she??? Thanks again.
I am researching a book about NYC circa 1900 and want to know the current value of property that existed then. For example, in 1903 166 W 72nd was a brownstone, I believe and now it ios an apartment/office building. I am interested in the property's value then and now. There are several pieces like that , 236 CPW, for example, which no longer exists. Any advice?



