[EVG file photo]
The Post reports today that James Galuppo, the owner of the now-closed Etna Tool & Die Corporation at 42 Bond St., recently passed away. He was 100.
So will the 7-floor No. 42 hit the sales market for a luxury condo conversion?
According to the Post, Mr. Galuppo left the building here between the Bowery and Lafayette to his daughter Flavia Galuppo as part of a $12.5 million estate. And she has no plans to unload the property, valued at $6.3 million.
"My parents’ real concern was that their tenants who have invested their livelihoods in our building would have to vacate, and that really bothered them. My father asked me if it was feasible to try and stick it out . . . I intend to honor his wishes."
After 70 years, Etna Tool & Die Corporation closed last year. (See this August 2017 feature at Gothamist for more on what was one of the last tool and die shops in the city.)
And who's in the building now?
A modeling agency, public relations firm and tech company rent space in the building now, along with three residential tenants.
Flavia, an art director in the film industry, said she will likely seek a new tenant for the ground level to replace the factory.
Mr. Galuppo, who was born on the LES in 1918, opened the shop in 1946. He bought the building in the 1970s.
"He would say, ‘I never thought I would see the neighborhood go in this direction,’ ” Flavia said of her dad. “People were warning him, ‘What, are you crazy to buy here?’ But he really believed in the beauty of the neighborhood."