George Philbert has closed up his bike shop at 193 E. Fourth St. just east of Avenue A.
He removed his sign on Sunday…
[Photo by Greg Masters]
He has said that a rent hike forced him out. One reader said that Philbert, who has been repairing bikes around the city since 1970, will look for a new shop once he returns from a vacation.
The listing at Bond says that a restaurant is OK for the space. The asking rent is $3,750 for 340 square feet.
Previously on EV Grieve:
Rent hike will force Bikes, By George! to close on East 4th Street
3 comments:
$3,750 for 340 square feet
Wow that is low for this neighborhood.
That definitely is low. B&H is paying $30,000/mo on rent and taxes.
B & H monthly costs are $30,000, which includes rent, taxes AND labor costs. Actually.
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