Tuesday, June 11, 2019
A look at 131 1st Ave., currently being divided into 3 retail spaces
The gutting of 131 First Ave. at St. Mark's Place continues.
There's not much left of the single-level structure, which was home for years to Foot Gear Plus.
[Photo by Steven]
[Photo by Steven]
The property had been on the sales market, with a pitch mentioning 4,150 square feet of air rights.
According to a filing that hit public records in November, the property changed hands for $3.85 million. The new owner is an LLC that shares an address with HUBB NYC Properties LLC, a real-estate operating company.
However, workers are now dividing the storefront into three spaces — without any vertical extension. Per the listing at Meridian Retail Leasing:
• Single story commercial building delivered vacant in the East Village.
• Corner property with excellent visibility in highly trafficked location.
• Prime value-add opportunity to establish a retail or food and beverage presence.
The storefront rendering via Meridian Retail Leasing shows the graffiti intact on No. 131's surrounding walls ...
The largest of the three spaces (510 square feet) has a monthly rental ask of $11,000. The smallest (410 square feet) space seeks $9,000.
[Click on image to go big]
As for Foot Gear Plus, Tony Scifo, who opened the shop here in 1980, told this to EVG contributor Stacie Joy last July: "After several years of peaks and valleys in business there were just too many valleys. Companies now sell direct to consumers and once they started offering free shipping it was all over. This is happening everywhere, not just locally. The landlord wanted us to stay. She offered us a fair price and she's been great. We just couldn't make it."