The for sale sign went up last week at 25 Avenue B between East Second Street and East Third Street.
Tower Brokerage has the listing, which shows an asking price of $299,000 for the bi-level space. The monthly rent is listed as $16,882.63.
The previous bar here, Matty's, closed after just two months. In the past few years, the space was home to Idle Hands and Station B and Billy Hurricane's.
4 comments:
why would you pay $300k on top of a $17k a month rent?
@11:18
Probably a fixture fee.
Tower Brokerage-the broker for Icon and Croman-deal closer to banks chains like ihop/CVS.
At this time in history on Ave B, there is a low population density which explains why there are little chains and banks east of Ave. A. Any business which wants a space like this in this area cannot make ends meet on foot traffic from locals. The way to solve this is to rent to a business that is a trendy destination like a bar or restaurant. This is why everything opening in the EV today is this kind of business no service business (laundry, dry cleaner, shoe repair, will ever open in the EV again.
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