Yes, indeed! Just a little frosty something for you to enjoy during the economic meltdown! As Eater has noted, Butter Lane Cupcakes will soon call 123 E. Seventh Street home. According to their Web site, "We think of it as cupcakes for grownups."
Previously, the nonprofit Bodanna Studio & Gallery was here. They were dedicated to helping inner-city youth...and before that, the Theo Wolinnin funeral home.
Let's just hope the Cupcakers keep the historic "Licensed Undertaker" sign on the building.
For further reading, all you cupmudgeons:
Cupcake trash (Jeremiah's Vanishing New York)