
Sign bandits on the loose in the Delancey/Essex Street station! Many thanks to EV Grieve reader Ryan for the photo.
We lived on the Bowery near the St. Marks from the 60's thru the 80's. It was fondly nicknamed "The Itch". Nobody dared sit in the front row because it was reserved for the "Hell's Angels" ... Everyone was stoned. I remember a triple feature of "Eraserhead", "Freaks", and at midnight "El Topo" ( or El Poto"). After the show we staggred out and had cabbage soup at the Kiev. Those were the days.
The East Village and Lower East Side experienced the steepest residential rent drops of any Downtown neighborhoods last year, making them among the most desirable areas across Manhattan for discount-driven renters. According to the Real Estate Group New York’s year-end rental market report, the East Village and Lower East Side saw average decreases of 5.98 percent and 6.25 percent, respectively, for all doorman and non-doorman unit types combined in 2009. Doorman studios led the downward trend in both neighborhoods, with such units falling by 12.1 percent in the East Village and 22.4 percent on the Lower East Side over the past year. Over all, the East Village recorded drops for each one of its unit types, while the L.E.S. saw modest gains for non-doorman studios and two-bedrooms only (up 1.1 percent and 1.7 percent, respectively).
There are 920 football fields of available office space in Manhattan. More than 180 major buildings totaling $12.5 billion in value — from Columbus Tower at 1775 Broadway to the office tower 400 Madison Avenue — are in trouble, meaning in many cases they face foreclosure or bankruptcy, or have had problems making mortgage payments. Rents for commercial office space fell faster over the past two years than in any such period in the last half century.
"[W]e regrettably have to report that according to Ray at 10PM tonight the managing agent of his building--accompanied by her bodyguard-- informed him that he has until Friday to pay the 2 months rent that he owes . The agent noted that the next time she comes to the store she will have a chain and padlocks to close the store."