The pharmacy shuts down on Wednesday, and the rest of the store on Aug. 24.
Given the store is almost empty, we thought the Aug. 24 date might actually be July 24. However, three staff members on duty confirmed the August date.
There are sales — up to 30% — on the sparse items left in the store, which has aisle after aisle of nothing...
The fixtures are on sale too. There are shelves with some random items for sale. (On Saturday, there was still an ample supply of Kellogg's cereals, including Apple Jacks and Frosted Flakes.)
As previously reported, Rite Aid filed for bankruptcy (again) in May, citing years of financial struggles and a rapidly changing retail pharmacy market.
Last month, Crain's reported that the leases for the 33 metropolitan Rite Aids are heading to auction via a New Jersey bankruptcy court. Interested bidders may register with A&G Real Estate Partners.
The EV Rite Aid was reportedly leasing the space for upwards of $50,000 per month. Here's more on the single-level building's ownership:
The 1920s-era East Village building has been owned by the New Tandem Equities since 2007, city property records reveal, when it was sold to them for $4.2 million by an LLC under developer Anthony Marano's control. Marano, in turn, had bought the building from grocery store mogul (Gristedes and D'Agostino's) and radio station owner (WABC 770 AM) John Catsimatidis in 2005.
Again, the auction is for the leases, not the properties. The EV lease is reportedly set to expire in 2032.
The shelves at the First Avenue Rite Aid have been mostly barren for over a year, although this store managed to survive the previous company turmoil.
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