Well. you can kiss that Mobil goodbye.
The Real Deal reports that the station has been sold to a brokerage firm for $8 million.
To the article:
The site, at 350 East Houston Street on the corner of Avenue C, is a 6,000-square-foot lot that is home to an Exxon Mobil station whose lease is coming due in the near future, a source close to the deal, which closed Friday, said. Existing zoning allows for 43,000 square feet of residential development on the parcel, which has 120 feet of frontage on Houston Street.
The article also notes that the Seiden family has owned the site for about 50 years.
Not a surprising bit of news, really. As we mentioned before, with the unused air rights, gas stations are just too valuable to be gas stations on such prime real estate in Manhattan, where Crain's noted there are just 40 or so left.
Previously on EV Grieve:
How much longer will the East Village have gas stations?
h/t Curbed
Given the sale prices for things in the neighborhood as of late, 8 million for this spot seems on the cheap side. Damn! We snooze, we lose.
ReplyDeleteFuuuuuuuuuuuuuuuuuuuuuuuck.
ReplyDeleteThis sucks not just for the neighborhood but for me personally for more reasons thatn I can begin to state.
That we are reduced to mourning the loss of gas stations speaks volumes about the current state of affairs in NYC 2012.
Perhaps the fact that people will be living over the site of a former gas station kept the price down?
ReplyDeleteDamn, huffin' gasoline is a cheap night out...
ReplyDeleteUm, good riddance? Can't get sad about gas stations. Gotta have 'em somewhere. Don't have to have 'em here. Now do we need another yuppie hive? Well, no, we sure don't, but maybe in 40 years, after Wall Street shits the bed a few more times and moves to London, it'll be moderate income housing.
ReplyDeleteDoes anyone know how high they can build on this site? Gotta say, this was one of the last remnants of the old LES and it's aesthetic will be missed. Why is this city moving so fast! Please make it stop already.
ReplyDeleteYouve got to be kidding me. Remnant of the old LES? A mobil gas station is a historical abberation, particularly in a place where so few people drive.
ReplyDeleteFunny as I walked by it last night I thought - one of the last gas stations downtown....
ReplyDeleteJust not another Avolon Bay "community"!
ReplyDeleteWell by the math it would seem that 7 stories is the limit (thank f*cking god).
ReplyDeleteIf a store can get by selling just water then selling gas should be easy. But Fonzie's not pulling up anymore.
ReplyDeleteI see a niche for an artisanal fuel refined on the premises. Not four pumps, but forty different blends, sorted by geologic era, proto-continent of origin, gasseousness, and adventurousness. A separate lane serving fuel of purely vegetable origin.
I think this concept can support a base price of $4/qt. Extra for high octane. And don't forget to tip your attendant.
Lots of people drive- into NYC- not all of us can afford to live in the city, nor do many of us want to. There are myriad reasons why people drive to the city and although we usually try to fill up before we come into Manhattan, sometimes we do need gas- Plus there are taxis and other service vehicles that need gas to do their jobs. So yes, we need places to fill up the tank or to fix the car. It is sad that no place has value unless it is a bar or high end luxury housing for yunnies.
ReplyDeleteOh no, is the station at 2nd ave and east 1st gone?
ReplyDelete@ anon 7:17
ReplyDeleteThere is still a BP at Second Avenue and 1st Street....
Good riddance. Hope the last one goes soon also.
ReplyDelete- East Villager
Evillager- This is a city. People drive. People use taxis. Trucks bring supplies that you need and use. 8 million people are not going to use their fixies and beach cruisers to get around and forget about the shitty mta system unless you live downtown-midtown.
ReplyDelete