Monday, September 10, 2012

[UPDATED] 50-54 Second Ave. on the market for $10 million

[Dated photo via the DJK website]

There's a new listing at the DJK website for 50-54 Second Avenue at East Third street. There isn't much information with the listing:

Location, Location, Location. Corner 6 story walkup building, 50'x40' with 10 apartments. Retail component of 2100 square foot can be delivered vacant. Portion vented.Excellent upside potential in extremely desirable East Village.

Streeteasy doesn't have any additional information, except for the price: $10 million. Chester Pechock is listed as the current landlord.

Have any tips about the situation here? Please send them our way via the EV Grieve email

UPDATED: THE BUILDING IS NOT FOR SALE.
at

7 comments:

  1. GojiraSeptember 10, 2012 at 9:39 AM

    "Retail component can be delivered vacant" - yeah cos who needs a long-time place like Pak Punjab and their cheap, delicious food when you can have an overpriced trendy woo-bar instead?

    ReplyDelete
  2. AnonymousSeptember 10, 2012 at 10:40 AM

    I believe the owner of this building has fallen ill recently, that could be a reason why this is being put on the market now.

    ReplyDelete
  3. StephSeptember 10, 2012 at 10:58 AM

    Wow any semblance of character on this block is being taken away piece by piece. Pak Punjab has amazing cheap food! This is beyond depressing.

    ReplyDelete
  4. BabyDaveSeptember 10, 2012 at 1:03 PM

    ". . . can be delivered vacant" almost smacks of organized crime. And isn't that what's happening here, even with every perfectly legal transaction?. Stripping a community of its soul seems criminal.

    ReplyDelete
  5. Lista86September 10, 2012 at 7:55 PM

    Third Street is just getting raped. I can't bare to watch...

    ReplyDelete
  6. AnonymousSeptember 10, 2012 at 8:23 PM

    Really disrespectful- "yeah if you desire, we'll just kick a popular business out or raise their rent until they GTFO" This is getting so sad- the absolute disdain these developers have for everyone is sickening- People used to use existing tenants and successful businesses as a selling point- as in "buy this building and you already have a business up and running, and stable tenants who will pay rent" Now it's a minus- clear out folks the douchebags don't want you here.

    ReplyDelete
  7. SpikeSeptember 11, 2012 at 9:07 AM

    The "vacant" bit seems strange to me. The pizza place just opened last year. Could they possibly only have a 1-2 yr lease? Or would they have something in the lease saying it can be broken if the building is sold?

    ReplyDelete

Your remarks and lively debates are welcome, whether supportive or critical of the views herein. Your articulate, well-informed remarks that are relevant to an article are welcome.

However, commentary that is intended to "flame" or attack, that contains violence, racist comments and potential libel will not be published. Facts are helpful.

If you'd like to make personal attacks and libelous claims against people and businesses, then you may do so on your own social media accounts. Also, comments predicting when a new business will close ("I give it six weeks") will not be approved.