Tuesday, November 18, 2014
[Updated] 174-176 First Ave. is in contract
174-176 First Ave. arrived on the market in June 2013 with an asking price of $12 million.
Since 1904, No. 176 has been home to DeRobertis Pasticceria and Caffe. The DeRobertis family owns the building, so it seemed likely that the bakery would remain despite the sale... until a real-estate listing circulated in May showing that the retail spaces in the basement and first floor of No. 176 would be delivered vacant once the buildings sell. (However, workers there have told us several times that they were not closing... and that the building wasn't even for sale.)
According to the listing at Corcoran, the building is now in contract.
Streeteasy notes that the building entered into contract on Oct. 31...
DeRobertis is one of our favorite places around. So we do hope that they will live on with the new owners.
One troubling sign, though — the DeRobertis website is no long active...
Updated: DeRobertis reportedly will close after Dec. 5.