Previously on EV Grieve:
No, no, no, no, no, no, no, no: Why the Mars Bar is closing (maybe)
Developers!
“They won’t choke me,” Hank Penza, the longtime owner of Mars Bar, said of the developers, adding, “I didn’t get off the boat yesterday with a pound of spaghetti in my hand.”
Mr. Penza said that he wasn’t too concerned about the lost revenue, noting that he’ll ultimately get a space that’s three to four times the size. The developers, he said, “are good people” — and that seemed enough for him.
If a current plan to build low income housing on a parcel of land on lower 2nd Avenue is approved by Community Board 3, the borough president, and the City Council, it will lead to the two year shuttering and eventual rebuilding of famed East Village dive Mars Bar.
After just two months on the market, 123 Third Avenue, the 47-unit condominium located on 14th Street and Third Avenue in New York City, is 55-percent sold. Following a sales launch in early September, 26 homes are in contract at the latest residential addition to East Union Square, reports exclusive sales and marketing agent Corcoran Sunshine Marketing Group.
The team surpassed the 50-percent mark at remarkable speed, which “speaks volumes to the desire for homes of this caliber in East Union Square,” said Elaine Diratz, of Corcoran Sunshine Marketing Group. Set at the nexus of Union Square, Greenwich Village, the East Village and Gramercy Park, East Union Square contains some of the best dining, parks, entertainment and shopping. The famed Greenmarket, Momofuku, Pure Food & Wine, Kiehl’s, and ABC Carpet & Home all provide the quintessential shopping and dining experience. New York is a cornucopia of different neighborhoods, but none with more “best of’s” than in East Union Square.
Near the eastern end of this stretch is Tompkins Square Park, that wonderful 10.5-acre patch that continues to lure the bohemian legions yet resists gentrification against all odds. Originally planned as a farmers’ market, it has been used as a public park since the 1800s and has weathered many seasons since. On any given day, there might be a band making noise, codgers playing chess, schoolchildren all in a line, and a Police Department van slowly cruising through. The echoes of demonstrators yelling “Die, Yuppie Scum” may be very faint these days, but there is no Shake Shack ... yet.
"I’ve looked in Corcoran’s system, and despite one apartment that was briefly listed as a $2,150,000/month 1 BR (likely off by a factor of 1,000) it would indeed by the highest rent commanded in the area.
"No matter where you are in the city, rents like these mean you are getting something unique and/or huge. While there is only one other apartment over $20,000 currently (or ever) on the market, 6 tip the scales at $7,500 or more per month. For an area as big as the EV/LES this is a reasonable number of high end apartments. With a relatively low apartment density and as most buildings are 100 years old and chopped into studios, 1 and 2 bedrooms, rentals like this are rare to come by. Comparatively, the Upper East Side currently has 83 units over $7,500/mo, and the Upper West Side has 70. Of course, both these neighborhoods are relatively large, have many more mid-high rises and with locations (of some) right on Central Park they command high premiums."
The East Village may not see Bob Arihood in front of Ray's for a while, or see updates to his blog, because Bob was hospitalized early Friday for an ongoing condition he's had for years. On Sunday doctors started running some tests and by early this coming week they should have a clearer diagnosis and be able to formulate a plan of treatment. Right now Bob doesn't want to name the hospital. We speak daily so I'll keep you posted on developments.