According to the listing at Meridian Captial Group, the upper and lower spaces (each at 2,500 square feet) can be leased separately.
And the asking rent for each storefront directly across St. Mark's from the new 9-story office building:
• Upper-Level Monthly Rent — $29,000
• Lower-Level Monthly Rent — $26,000
All uses considered!
The upper level has been vacant... as we can recall, Chi Snack Shop and the Imogene boutique were the last tenants circa 2019. Wanyoo, Asia’s largest gaming café chain, was in the lower level for a minute but never reopened after the pandemic's start in March 2020. A bar-cafe called Lava Ground was the last leaseholder, a business that seemed to be open every few weeks.
Until February 2016, 4 St. Mark's Place housed Trash & Vaudeville for 41 years. The store relocated to 96 E. Seventh St. in 2016.
The Hamilton-Holly House (aka 4 St. Mark's Place), built in 1831, was once owned by Alexander Hamilton’s son. The building, which changed hands for $10 million in the spring of 2016 for $10 million, also underwent a gut renovation and expansion.
The Hamilton-Holly House (aka 4 St. Mark's Place), built in 1831, was once owned by Alexander Hamilton’s son. The building, which changed hands for $10 million in the spring of 2016 for $10 million, also underwent a gut renovation and expansion.
Seriously, what business can afford those monthly rents? Weed shops? Banks? Corporate anything?
ReplyDeleteI have a very strong feeling that these places will join the ranks of ghost establishments flooding the city and the hood.
I'm guessing also that if they claim the rent should be $25-29K, rather than a reasonable amount, they get to claim a larger loss on tax returns.
ReplyDeleteUnless a small business is selling bricks of coke out of the back room, it isn't possible to maintain the rent along with the commercial tax the tenant is forced to pay as well.
ReplyDeleteJimmy graced the building with his rock n roll fashion advice!
ReplyDelete