Friday, August 26, 2016
New York Central Art Supply has set Sept. 2 as its last day in business...
On July 11, the Steinberg family, who has run the art supply store for three generations, announced that they were closing the 111-year-old business for good in September. They cited "poor business conditions" and the pending sale of the building at 62 Third Ave. between 10th Street and 11th Street as the primary reasons behind the closure.
"We have been overwhelmed by the outpouring and support of the community and our customers," family member Doug Steinberg told me via email. "We are continuing to see if we can find a new home for what's left of our inventory and our paper collection."
For now, there are items up to 60 percent off... they are also selling fixtures and furniture such as flat files.
As for who might be the new owner of the building, there isn't any transaction in public records just yet. One source claimed that the Lightstone Group had purchased No. 62, and that the developers would use the space for part of the Marriott sub-brand Moxy Hotel planned nearby at 112-120 E. 11th St.
Doug Steinberg said that he was not sure who was buying No. 62. "But I am 99 percent sure it is NOT Lightstone," he said. "They actually looked at it and passed. Whoever is buying it is — as far as we know — unrelated to the hotel mania around the corner."