Wednesday, March 29, 2017

New retail space available on St. Mark's Place

A new retail space is now available at 94 St. Mark's Place between Avenue A and First Avenue ... in space on the west side of the building that houses Fun City Tattoo...

Per the listing:

Space in vanilla box condition. Brick walls and wood floor. Landlord to provide C/O for retail or food. Landlord installing new storefront with large bay window. Perfect for any use. Busy 24/7 East Village block.

The space is 600 square feet with an ask of $6,800.

As far as I know, the space was previously a residence...

[Image via LoopNet]

The retail space is also above the Under St. Mark's performance space. There were questions about the theater's status (they were on a month-to-month lease) when the building hit the market in 2011. However, Horse Trade Theater Group was able to secure a new 7-year lease then. Not sure what happens after 2018.

According to public records, the building changed hands last summer for $6.4 million. The buyer is listed as an LLC with a law office for an address.

Previously on EV Grieve:
94 St. Mark's Place on the market, and what will it mean for Under St. Marks?

Horse Trade Theater Group launches campaign to buy 94 St. Mark's Place


Anonymous said...

Can an owner take a rent regulated apartment and turn it into a commercial space? That would require a change in the CO but is there nothing that can be done to challenge that?

Cosmo said...

Turning a residence into a commercial space sounds shady. Was it market rate?

Anonymous said...

The space was previously an apartment the previous landlord paid the tenant to move before the building was bought and they completely renovated the space. Fun City has been renting the space next door since 1976.