Here's the message via Instagram:
It is with heavy hearts that we announce Overthrow will be ceasing operations with our last day of business being Thursday, November 7th, 2024. This decision is heartbreaking for us. Unfortunately, we took on immense debt during and post-Covid, which kept the doors open, but we can no longer afford our current lease, and the building has been listed for sale by the owner, making staying open unsustainable.We hope that Overthrow has given you something special, and made a lasting impact on the community that we’ve built together over the years. It’s been an honor to share this journey with all of you.
As for the three-level building, Corcoran has the listing:
Discover a rare gem in the heart of NoHo, one of Manhattan's most exclusive neighborhoods. This historic 3-floor townhouse, featuring a usable lower level with sidewalk vault, offers a unique blend of rich history and limitless potential. Occupied by one commercial tenant since 2014, the property will be delivered vacant and is primed for transformation into a single-family residence, multi-family with retail, or retained as a prime commercial investment.
The asking price for this one-time home of the Yippies, named and created by Abbie Hoffman and Paul Krassner, is $6.6 million.
After a protracted legal battle, the Yippies had to vacate their home of 41 years on Jan. 17, 2014. It served as the Yippie Museum Café since 2007. (Read this archived story in the Times for all the legal wrangling and history.)
Overthrow was named after one of the countercultural newspapers that the Yippies published here.