Capital One leaves the East Village

Capital One has closed its remaining two bank branches in the East Village. Wednesday was the last call for the outpost on 10th Street and Second Avenue (above) and Avenue C at Third Street (below).



Your CO banking business can now be done at the flagship outpost on Union Square. Or maybe the CO branch on Grand and the Bowery.

The Capital One on the southeast corner of Third Avenue and 14th Street closed in July 2016, and that prime spot is still on the rental market.

As noted in previous bank-branch-closure posts, this continues the trend where banks are pulling back from storefront services. Last June, The Wall Street Journal reported that banks across the United States have closed nearly 9,000 branches this decade "as more customers rely on digital tools to complete routine banking transactions."

Previously on EV Grieve:
What's in your empty storefront? Capital One is closing both of its East Village branches

What's in your empty storefront? Capital One is closing both of its East Village branches

After May 8, Capital One will no longer have a bank branch in the East Village.

Closing notices are up in the locations on Third Street and Avenue C (above) ...



... and 10th Street and Second Avenue...


[Photos on 2nd Avenue by Steven]



The Capital One on the southeast corner of Third Avenue and 14th Street closed in July 2016 (that retail space is still for rent).

The bank is sending customers over to the newish multi-level flagship location on 14th Street and Broadway. (An EVG tipster first told us about these pending closures in January. Per the tipster: "It's Union Square or be damned" for Capital One customers.)

This continues the trend where banks are closing down local branches. Last June, The Wall Street Journal reported that banks across the United States have closed nearly 9,000 branches this decade "as more customers rely on digital tools to complete routine banking transactions."

In recent years, Citi, Chase and Santander all shuttered their outposts on Avenue A, making it a bank-branch-free zone for now.

A few more details about renting the former Capital One® on 14th Street and 3rd Avenue

The for rent signs arrived at the former Capital One® branch on the southeast corner of Third Avenue and 14th Street way back in early September.

And we've been waiting patiently for the listing to arrive online at RKF ... and that blessed event finally occurred yesterday.

Well, there's not a whole lot to the listing (like the monthly rent)... here ya go:

SPACE
Ground Floor — 3,000 SF

POSSESSION
Immediate

TERM
Sublease through December 31, 2025

FRONTAGE
40 feet on Third Avenue
85 feet on East 14th Street

NEIGHBORS
5 Napkin Burger, Duane Reade, Dunkin’ Donuts, New York Sports Club, P.C. Richard & Son, Raymour & Flanigan, Sleepy’s, Trader Joe’s, Westside Market

COMMENTS
Immediately adjacent to the Third Avenue subway station serving the L train with annual ridership of 2,386,533 (Ed note: Hopefully it will be a business that can stay afloat for 18 months starting in 2019 when the L train shuts down.) Located at the base of a 19-story luxury condominium building

The Capital One® closed in July with the big move to 14th Street and Broadway.

Previously on EV Grieve:
Exclusive first look inside the new Capital One® bank branch at 123 Third Ave.


[Exclusive photo from September 2011]

Former Capital One® space now for rent on 14th and 3rd

The Capital One® on the southeast corner of Third Avenue and 14th Street closed (bank branch down!) in July with the big move a few blocks to 14th Street and Broadway.

Now this prime corner space is on the rental market. The sign just went up... and the listing at RKF isn't live yet.

Will update with the rental info once it's available.

Meanwhile, what bank kind of business do you think might take this space? (We speculated that this was one possible landing spaces for the soon-to-depart M2M.)

Capital One® departs 14th and 3rd (bank branch down!) for new Union Square home

The Capital One® on the southeast corner of Third Avenue and 14th Street has closed... ahead of a move a few blocks to 14th Street and Broadway...



...(they took the ATMs too)...



The new location, set to open today, was to include a cafe, according to previous reports ...



Not sure of the status on that. The Capital One-Peet's Coffee & Tea® combo in Midtown has closed.

Anyway, thoughts on what might be next for the southeast corner of Third Avenue and 14th Street? Aside from a Duane Reade (so you don't have to cross the street), beer store or another Capital One®?