This building is known as 5Pointz due to the 5 boroughs of NYC: Manhattan, Bronx, Queens, Brooklyn and Staten Island. 5Pointz took this name in 2001 when Jonathan Cohen aka Meres assumed its management.
The story of this warehouse started years ago though, in the mid 90’s when Pat DiLillo began a Graffiti buffing service for businesses upon request. He realized the loss of this urban art he was covering so he decided instead to ask one of his clients for walls to let writers create large scale mural pieces with an advantage of being able to finish their artworks. This way color is added to the neighborhood and walls are kept looking neat, adding prestige and publicity to the building once It’s become a place of pilgrimage for Graffiti artists. And so “The Phun Factory” was born click here for article