Monday, March 27, 2017

Former Citibank branch on Avenue A hits the market



The for rent sign arrived last week at 50 Avenue A between Third Street and Fourth Street.

I was curious what this former Citibank branch would be going for... Unfortunately, the listing at the Heller Organization doesn't provide many details ... other than:

-Prime East Village Retail availability
-Retail and/or F&B uses welcome
-Very high street Retail & Restaurant traffic
-Top location for proximity to nightlife

It's deceptively large too at 4,400 square feet.

The former Chase branch on Avenue A at Second Street is looking for $49,947 a month (or $139 a square foot). That's one good reason why the space has sat empty since November 2015.

Back in July 2013, Citibank's former building neighbor, Native Bean, moved down the block to 36 Avenue A. At that time, the asking rent for the space was $9,500. Villacemita eventually took the storefront, opening in March 2015.

Citibank closed on Jan. 13.


[Photo from 2012]
at

7 comments:

  1. Scuba DivaMarch 27, 2017 at 9:08 AM

    That's one ugly-ass building. And you see on the top floor, the little windows? Those are sleeping lofts.

    ReplyDelete
  2. AnonymousMarch 27, 2017 at 9:51 AM

    Scuba Diva, you are bing too kind.

    ReplyDelete
  3. GiovanniMarch 27, 2017 at 10:02 AM

    That looks like one of those blast-proof buildings you'd see in the old downtown Beirut, complete with a few layers of dust. Those sleeping lofts are hilarious. Just don't roll out on the wrong side of bed or else you'll wake up hurtling downward towards Avenue A.

    ReplyDelete
  4. AnonymousMarch 27, 2017 at 11:53 AM

    What sort of business other than a bank would want to rent that plug ugly space?

    ReplyDelete
  5. AnonymousMarch 27, 2017 at 2:18 PM

    Is that avocado graffiti? Nice.

    ReplyDelete
  6. GlennMarch 28, 2017 at 9:59 AM

    What is going on on those giant terraces—cattle farms?

    ReplyDelete
  7. AnonymousMarch 29, 2017 at 1:40 PM

    These arrogant, lazy assholes can't get rid of the graffiti? Cuz nothing sells a space like graf on it which tells those who do it can hit the place again without it being painted over.

    Seriously, you expect me to incur the cost of graffiti removal on top of rent and utilities when the space is hit because the taggers figure I'm more of the same (you)? Blow me.

    Anyone who inquires about this place should tell the brokers to remove the fucking graffiti. This is like selling a shirt on Ebay with a mustard stain on it.

    ReplyDelete

Your remarks and lively debates are welcome, whether supportive or critical of the views herein. Your articulate, well-informed remarks that are relevant to an article are welcome.

However, commentary that is intended to "flame" or attack, that contains violence, racist comments and potential libel will not be published. Facts are helpful.

If you'd like to make personal attacks and libelous claims against people and businesses, then you may do so on your own social media accounts. Also, comments predicting when a new business will close ("I give it six weeks") will not be approved.