The roof has been updated and most of the free market apartments are newly renovated. With only 1 rent controlled tenant and 2 rent stabilized tenants in the building, the balance of the units are free market making this property an excellent investment opportunity with no vacancy and a tremendous income stream.
Klus Ortleib, the hotel's managing partner, wants the place to fit in with the edgy local art scene. "When I came up with the idea, people said I was crazy," he said.
Keane says that Nevada Smith’s has nearly outgrown its current Lower East Side location. “We don’t expect to be at this location very much longer. We’re looking forward to expanding. We have a group of investors who want to take us nationwide.”
The asking price: $350,000 key money (the price to just take over the space) and a $10k per month 10 year lease. Now the listing doesn't necessarily mean the Dive will close, nor must it change hands.
The owners could just be testing the waters to see if they can unload it at that price. Potential new owners could keep it running as is—$20 all you can drink beer specials and all—or they could turn it back into a coffee shop, something it still somewhat resembles.
We closed the Pizza Shop because the rent was too high. We struggled every month to make it... someone gave me an offer on the space and i decided it was best to take it. I'm looking for a new location and would love it if fans of The Pizza Shop got in touch via email so i can let you know when i'll be opening a new place. the email addy is
info@thepizzashopnyc.com
best,
Kevin Cole
I went in there today and he was in there and they really did a lot of work on the place! All freshly painted, polished and gleaming..he was stocking the shelves and they had new menu signs hung up-bigger and brighter ones..It wasn't all fro-yo'd upped and gross though..still looks like good old whole earth-just spiffed up!
East Village Development Site/Retail Space opportunity. The subject property is currently a vacant lot with 24 feet of frontage on Avenue B. My client is looking to sell the property which has approximately 7,680 buildable square feet, or sign a long term triple net lease for a retail tenant. The retail space can be built out to approximately 3,840 square feet of commercial space not including the basement.
A gunman opened fire early yesterday on the Lower East Side, wounding two men.
The victims, both in their 30s, were shot on the Bowery near Bond Street at about 4:40 a.m., police said. One was hit in the leg, the other in the arm.
Both were treated at Bellevue Hospital -- but refused to cooperate with investigators looking into what sparked the shooting.
