Seventh Street hostel now ready to become condos or single-family home

Back in April, we wrote about the city shutting down The Village Inn, the hostel that has been operating at 27 E. Seventh St. near Cooper Square. The city said that there were illegal hotel rooms in this residential building. Reps from the Village Inn -- one of four in the city operated by the NYC Hostel Connection -- claimed in a Facebook post that they were getting harrassed by the city.



Anyway, apparently all this has been resolved: The building hit the market yesterday for $6.85 million. Per the listing:

26' WIDE & VACANT - This incredibly large East Village townhouse was previously used as a hostel and now it is delivered vacant. There are many possibilities for this structurally sound and restored building. With its low taxes and zoning of R7-2, the building would be perfect to house a non-profit organization, but could also be converted to floor-through condos, a rental building or a spacious single-family home. This rare building presents an exciting opportunity for both users and investors.

Probably more exciting for investors, wouldn't you say...

Previously on EV Grieve:
The Village Inn hostel on Seventh Street closed by city

The Village Inn hostel on Seventh Street closed by city

In recent weeks the city shuttered The Village Inn, the hostel that has been operating at 27 E. Seventh St. near Cooper Square.




The Village Inn is one of four in the city operated by the NYC Hostel Connection. (The Chelsea International Hostel, the Manhattan Inn and the Wanderers Inn are the other three.) Responding to a message on Facebook, a hostel rep said, "The status of the Village Inn is still pending."

The city has said that there are illegal hotel rooms in the residential building.

There's also a fairly lengthy discussion by an NYC Hostel Connection rep on Facebook regarding why the hostel was shut down:

[T]he big Hotel chains (e.g. Holiday Inn, Marriott, W, ad infinitum) have strong unions who's leaders have friends in high places in New York's political landscape ... When you're charging minimums like $300.00 per night and you start realizing your numbers are down because there are better options (i.e. Hostels) who do you complain to and/or attack. Answer: (Fill in this blank with your favorite Hostel). Despite the fact that this task force no longer reports to the Department of Buildings New York, they have taken to renegade tactics like unrelenting harassment in order to please their superiors (i.e. politicians, hotel union leaders – who, you got it, PAY THEM UNDER THE TABLE). ... So as our legal fees mount and we are forced to pay our Mortgages out of our own pockets...