Thursday, February 12, 2015

Retail condo space that houses the New York City Pharmacy on 1st Avenue is for sale



There's a new listng for 206 First Ave. between East 12th Street and East 13th Street ... currently home to the the New York City Pharmacy.

Here are the details via Warburg Realty:

This property is a fully occupied retail space encompassing the ground and cellar floors totaling approx. 2,365 square foot. The asset offers over 15' of frontage on First Avenue providing significant visibility along one of the busiest streets in New York City. The space measures approximately 1315 sq. ft. on the ground floor with another 1,050 sq. ft. of basement storage and features 10' ceilings.

And!

This retail condominium represents an excellent opportunity for end-users and purchasers seeking a retail investment opportunity. Will be delivered vacant.

So say goodbye to the New York City Pharmacy.

And what are retail condominium spaces going for around here these days? Both the Warburg site and Streeteasy list the same price...



$8.5 million???? That's good for $3,594 a square foot.

Updated: See the comments. The pharmacy owner says that they have a lease and are safe for now…
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10 comments:

  1. TrixieFebruary 12, 2015 at 7:28 AM

    Damn. I've always liked that little pharmacy. It's where I get my dental floss in a tooth shaped dispenser.

    ReplyDelete
  2. AnonymousFebruary 12, 2015 at 8:15 AM

    Boooo... This city has gone nuts.

    ReplyDelete
  3. dwgFebruary 12, 2015 at 9:06 AM

    Will hate to see them go. This family run pharmacy has been friendly and helpful above and beyond. Always went out of their way to resolve any problems. I hope they're able to find another space in the neighborhood.

    ReplyDelete
  4. AnonymousFebruary 12, 2015 at 10:19 AM

    9:06 am is right. The family that runs this place restores my faith in humanity. They greet me by my name (and I'm not a cute old person - I'm youngish) and do me and my health right in many ways. THIS ONE MUST BE SAVED.
    Let's go East Village -- Rally!

    ReplyDelete
  5. AnonymousFebruary 12, 2015 at 12:10 PM

    :-((((

    ReplyDelete
  6. AnonymousFebruary 12, 2015 at 1:16 PM

    Was that only an M in the price? I'm looking for a "B" as in billions!! I mean let's talk realistically when you have a paper or no not even paper an electronic number currency what does it really matter what the numbers are? After all they're not really real! They're simply a perception of what someone thinks they are and now after all who are they individuals who believe in those numbers? The bankers, lawyers, real estate sudo professionals who subjugate themselves to the false markets created by government and wall street- the bull shit is all a sham a sham on the american people and all those too complacent to get involved and find out what the world, finance, corruption and politics is really about. If people don't wake up soon 2008 is going to seem like a fairy tale. I really do wish everyone the best because truth be told there's a world of shit on the horizon only the programming of the matrix doesn't allow most to see reality.
    Neo

    ReplyDelete
  7. AnonymousFebruary 12, 2015 at 2:01 PM

    Why do you promote criminal behavior
    (by th real estate company)?

    ReplyDelete
  8. dwgFebruary 12, 2015 at 5:48 PM

    Update-

    Talked to pharmacy owner- building is being sold, but for now their lease is okay. So we'll see.

    ReplyDelete
  9. AnonymousFebruary 12, 2015 at 6:16 PM

    I just want to know what drugs the RE people and landlords are taking, that they think anyone would pay this kind of crazy money for a commercial space in the EV. $8.5 million for that store? Really?!

    ReplyDelete
  10. AnonymousFebruary 13, 2015 at 12:38 PM

    This is not remotely serious. The asking price would work out to an effective rent of about $50K per month for 1300 sq ft and 1000 sq ft of storage.

    ReplyDelete

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