Monday, May 2, 2011

34 Avenue A is for sale

34 Avenue A has just hit the market. Living Real Estate Group has the property listing. Via Streeteasy:

Own a piece of East Village History!! Originally home to the famous live music venue Mo Pitkins, this is a rare opportunity for a user or investor to acquire a unique mixed use 4 story walk up building in the heart of the East Village. The property is newly renovated and has a vacant ground and 2nd floor retail space with full basement. The ground floor is built out as a restaurant with full kitchen and appliances and storage in the usable basement. The 2nd floor was previously duplexed with the first floor and has a large open space with a bar and private lounge area. The 3rd floor (currently leased mo mo) is a floor through 1425 sqft live/work space with exposed brick, high ceilings and newly renovated kitchen and large floor to ceilings windows. This unit could also be transformed into a 2 bed 1.5 bath apartment. The top floor is a duplex penthouse with 2 bedrooms, 1 bathroom, brand new kitchen and 2 very large private outdoor spaces. This is a Unique Building loaded with charm and character including exposed brick, high original tin ceilings, large windows, multi levels and large lofty spaces throughout.

Price: $4.65 million.

CB3 has rejected recent plans — including a group featuring Phil Hartman of Two Boots — to turn this space back into a performance venue after its turn as Aces & Eights.

As the Observer reported in November 2008, 34 Avenue A was sold to an entity called LAMNG Corporation for $4 million. The building had been on the market for more than a year, with an initial listing price of $5.5 million.

On May 16, an unknown group will make another pitch for the space before the CB3/SLA committee.

9 comments:

  1. 4.6 million!? Hahahahhaa! It's not a house, it doesn't have acres of land, no trees, no backyard, no sun deck... Nothing! Who is stupid enough to play 4mil for a shitty ass building like that? You can buy a fucking ranch with 4 mil including horses and a chick to accompany you.

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  2. Mo Pitkins aint never been famous, that's bullshit.

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  3. Thanks Phil. This runaround was a little less painful. Next time, maybe just say "I like my neighborhood," and give me a slice of pizza. You're good at that part. Stay out of everything else.

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  4. "Originally home to the famous live music venue Mo Pitkins"...originally? Oh, that's right, real estate agent memories only go back to when they started in real estate. Silly me.

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  5. that spot is cursed because only jackasses go to that place. beer pong, anyone?? this is the lower east side, not the upper east side, bimbos and frat boys.

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  6. Were real estate developers and real estate agents this annoying throughout history, or just in my lifetime?

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  7. Ken, real estate people were annoying from the beginning of the world.

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  8. I met the owner and she's a freaking idiot. It's sad when you have dumb people with inherited money and think they know what they are doing. There is a sucker born everyday and when Two Boots sold her that building they hit the mother load. Good job Two Boots maybe you can sell her the Brooklyn Bridge next, I heard it was for sale.

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  9. Umm, overpaid $4.25mil in 2008, been on the market over a year for $5.5mil, now "reduced" to $4.65mil...Does the current owner not know its a down economy? Will be hard to convince a buyer to pay more than what was paid in 2008...

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