Well. you can kiss that Mobil goodbye.
The Real Deal reports that the station has been sold to a brokerage firm for $8 million.
To the article:
The site, at 350 East Houston Street on the corner of Avenue C, is a 6,000-square-foot lot that is home to an Exxon Mobil station whose lease is coming due in the near future, a source close to the deal, which closed Friday, said. Existing zoning allows for 43,000 square feet of residential development on the parcel, which has 120 feet of frontage on Houston Street.
The article also notes that the Seiden family has owned the site for about 50 years.
Not a surprising bit of news, really. As we mentioned before, with the unused air rights, gas stations are just too valuable to be gas stations on such prime real estate in Manhattan, where Crain's noted there are just 40 or so left.
Previously on EV Grieve:
How much longer will the East Village have gas stations?