Showing posts with label 58-72 Avenue A. Show all posts
Showing posts with label 58-72 Avenue A. Show all posts

Monday, February 5, 2024

Untitled building now with more Untitled

A surprising number of readers pointed out the new Untitled signage on the three residential entrances of the recently branded building at 58-72 Avenue A between Fourth Street and Fifth Street.

The block letters arrived Friday on the newish awnings on the A, Fourth and Fifth Street sides...
The two-floor high "Untitled" sign arrived on the SE corner of Avenue A and Fifth Street back in the fall, setting off some speculation over the name. (Some people thought it had something to do with the bookstore Mast, the tenant in the corner space. It did not.)

Derby Copeland Capital bought the 6-story building for $64 million in the fall of 2022. The building is entering its second year of gut renovations, which has seen the conversion from prewar 1- and 2-bedroom units to 3-4-bedroom apartments with asking rents as high as $10,000 per month

The building's previous market-rate tenants were not offered lease renewals (with a 90-day notice), and now only a handful of rent-controlled and stabilized tenants are still in residence. (Read more about the situation via this Hellgate piece.) 

Monday, October 23, 2023

This East Village building is now Untitled

Reporting by Stacie Joy 

Late this past Thursday afternoon, this two-floor high "Untitled" sign arrived on the SE corner of Avenue A and Fifth Street...
We fielded several reader queries about the sign. Given its placement (and despite its permanence), a few readers thought this might be related to an event at Mast, the bookstore-gallery in the corner retail space. 

Well, it has nothing to do with Mast. An employee there was just as confused and surprised as others, and they questioned the placement above the business. (And Untitled isn't out of the realm of possibilities for the name of a bookstore.)

Sources tell us this is now the name of the 6-story building here at 58-72 Avenue A between Fourth Street and Fifth Street, which an LLC purchased for $64 million last fall. 

Meanwhile, readers also noted another new detail in the building: A copy of David Hockney's "Portrait of an Artist (Pool with Two Figures)" recently arrived in the refurbished Avenue A lobby... (the painting sold in 2018 for more than the building cost... and to be clear, this is not the original)...
As previously reported, Ink on A was a casualty in the block-long building's storefronts ... and as previous commenters noted, the landlords are not offering lease renewals to market-rate residential tenants.

Several renovated apartments, now configured with up to four bedrooms (previously one and two) plus in-unit washer-dryer combos and split-unit AC, are currently on the rental market

Wednesday, September 6, 2023

Storefront shuffle on Avenue A

Photos by Stacie Joy

Yesterday we noted that Whim Golf has closed after a summer pop-up at 66 Avenue A between Fourth Street and Fifth Street. 

What's next? The vintage shop that has been at 70 Avenue A is making the move to two storefronts to the north.

And 70 Avenue A — now with brown paper covering the windows — will be home for the third consecutive year to a Halloween pop-up shop...
No word just yet on the opening dates for either storefront.

Tuesday, September 5, 2023

Whim Golf has closed on Avenue A

After a summer pop-up at 66 Avenue A, Whim Golf has closed fore good here between Fourth Street and Fifth Street. 

The golf-themed fashion brand had a well-attended wrap-up party last Thursday night with several jazz musicians, including longtime East Village resident William Parker

We also understand they were able to find a home for their putting greens.

We'll have a follow-up post on what's next for this storefront, located in a building that changed hands last fall for $64 million and is undergoing a gut renovation that saw the departure of longtime retail tenant Ink in this strip in July.

Tuesday, July 11, 2023

Last day for Ink

In case you missed our post from Sunday... today is the last day in business for Ink, the newsstand-convenience store at 66 Avenue A between Fourth Street and Fifth Street. 

As we first reported here and hereowner Ben "Benny" Dahud has been in a legal tussle with the private equity firm that bought the block-long building last fall for $64 million. 

So Benny has decided to step away, noting that his "kids are grown up and have completed their education, and this is the perfect time to retire."

Since Sunday, items have been going for $1-$3. Interesting items for sale include racks of rare postcards, including photos by Genevieve Hafne.

The store hours are usually 7 a.m. to 11 p.m., though we really don't know how late the doors will stay open.

The newsstand dates to 1987, Benny said, though he took it over in the early 1990s. Here's how it looked in 1997 (photo by Dave Buchwald) ...
Benny worked in the kitchen at CafĂ© Mogador on St. Mark's Place when he first got to the city from Israel. He later realized that the restaurant business wasn't for him.

Based on responses from past and present residents, Ink will be dearly missed ... as well as Benny's everyday presence on the block. 

Enjoy the retirement (and day trades!) Benny...
Above photo last month by Stacie Joy

Monday, June 26, 2023

Ink on A can use some help

Photos and reporting by Stacie Joy 

Updated July 11. The shop has closed.

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On a recent weekday afternoon in June, Ink on A is its usual bustling self. 

People are coming into the newsstand to buy newspapers, cigarettes, a cup of coffee, or a can of soda — or maybe one of the more oddball market items for sale (a tin of Port Royal sardines, anyone?) here in the pleasantly cluttered space on Avenue A between Fourth Street and Fifth Street. There is also the usual assortment of characters inside or out, offering pointed opinions on various topics of the day.

As always, owner Ben "Benny" Dahud presides over the quintessential East Village shop from his perch at the counter...
In recent months, the future of this 33-year-old business has come into question. 

A private equity firm bought this block-long residential building and strip of retail last September for a reported $64 million. On the way out last fall, the building's previous landlord, who had run the place since the 1980s, informed Benny that he owed three years of real estate taxes, about $20,000. 

The new landlord, reportedly Derby Copeland Capital, through the entity Derby Alphabet Blues 5872, LLC, later took Benny to court. 

"And they didn't cash three of my rent checks," Benny said. "They disputed the checks — one was undated, one was incorrect, and whatever. They won in court. They won the judgment in a lump sum — three months' rent plus the real estate taxes. So more than $50,000 I owed right away. I didn't have a lawyer, so I signed the stipulation, a legal agreement. I paid 80% but hadn't paid the last 20%, and they took me back to court." 

The court again ruled in their favor, and Benny received a Marshal's notice earlier in the month. In addition, Benny said the agreement included a statement claiming that he watched someone urinating in the doorway to the building's Avenue A entrance and smiled — as if he approved of the action. 

"I didn’t do that," Benny said. "I come every day and clean the front."
Ink has another 18 months left on the lease, and Benny wants to stay. 

'I have no plans to move. I have been here 30 years," he said. "I don't want to go anywhere else."

He could use legal counsel and the negotiating skills of a nonprofit or advocacy group for small businesses ... or the diplomacy of a local elected official interested in keeping a longtime business in the neighborhood.

"I am hoping to get some help," he said. 

Meanwhile, Benny pointed out that the shop's extensive assortment of magazines — from high-end fashion pubs to supermarket-friendly tabloids — remain his best sellers. (Designers are said to particularly appreciate his harder-to-find titles.)
And don't sleep on the inexpensive self-serve coffee...
Beverages, beer included, and tobacco products are also popular items. During the pandemic, Ink added an assortment of household supplies and expanded its snacks offerings...
Ink is open daily from 7 a.m. to 11 p.m., with a midnight close on weekends. 

Stop by and say hi to Benny — he will appreciate the support...

Saturday, June 17, 2023

Plywood report: Ghost signage disappears again on Avenue A

Photos by Stacie Joy

Back in February, workers removed the rolldown gate on a vacant storefront on Avenue A between Fourth Street and Fifth Street (the former lottery place). In the process, the workers uncovered ghost signage for a long-ago shop that sold carriages, strollers and toys.

There was some hope/speculation/wishful thinking among some readers/residents that the signs would remain on the scene, worked into the renovated storefront façade like at 2A down the block

Well, as of now, someone has removed the signs ... the workers on the scene said they did not know what happened to them...
A private equity firm bought this block-long residential building last fall for a reported $64 million.  

P.S.

Yes, that fresh plywood was tagged overnight.