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Because an avalanche hasn't caused delays on the L... yet.
Photo at the First Avenue L stop this morning by Andrew Adam Newman on Ave C.
The building consists of a ground floor retail unit, 17 free-market apartments and three rent stabilized apartments. A majority of the units are two-bedrooms and multiple apartment lines have the ability to be converted into three-bedrooms apartments. The average in-place rent is approximately $58 per square foot which is well below market.
The retail unit is currently leased to No Relation Vintage, which has a lease until March 2017. The building features recently renovated common areas, a new boiler, and new electrical systems. This is a rare opportunity to acquire a prime East Village asset with upside potential and over 39’ of frontage on 1st Avenue.
They had always dreamed of having a shop in New York's East Village, after successfully owning a top vintage store in Glasgow. What they didn't bargain for was an avaricious landlord who had scaffolding and a trash bin in front of his shop for most of the year. The company was very busy building upward on the old tenement. That meant that shoppers couldn't easily see the shop to come in and browse. Naturally, the landlord wouldn't give these decent folk a break.
“They’re just round, polarized sunglasses,” shrugged Sessler. “They’re just fishing sunglasses. I fish a lot.”