A few weeks back we noted that the Chase branch at 130 Second Ave. was closing for good after Nov. 12. The retail space has been on the market, with an asking price of $72,000 a month, per the listing.
Turns out the whole building was for sale. As the Commercial Observer first reported yesterday, J.P. Morgan Chase sold the 2-level space to Stellar Management for $12 million.
And this corner of Second Avenue at St. Mark's Place looks to be growing one of these days. Per the Observer:
The site allows for redevelopment of the 2,380-square-foot site into a mixed-use retail and residential project of 9,520 square feet.
Stellar Management owns and operates residential and commercial real estate in NYC. Per the Stellar website: "The company focuses on real estate acquisitions, development and property management. Stellar’s portfolio contains over 12,000 apartments in 100 buildings in New York City and Miami."
The Chase branch at 130 Second Ave. will consolidate with the location two blocks to the north at No. 156.
Previously on EV Grieve:
Chase space on 2nd Avenue and St. Mark's Place is for rent
2 East Village Chase Bank branches are closing for good on Nov. 12