5 Pointz
5 Pointz: The Institute of Higher Burnin' or the 5Pointz Aerosol Art Center, Inc. is an outdoor art exhibit space in Long Island City, New York, considered to be the world’s premiere “graffiti Mecca,” where aerosol artists from around the globe paint colorful pieces on the walls of a 200,000-square-foot (19,000 m2) factory building. The complex owned by Long Island developer Jerry Wolkoff houses the Crane Street Studios in which 200 artists pay below market rents for studio space. In 2009 a 450-square-foot (42 m2) studio was listed as renting for $600/month.
It was announced in March 2011 that Wolkoff plans to redevelop the property to build high-rise residential towers, putting the future of 5 Pointz in jeopardy.