Exceptional investment opportunity for five free market apartments in a prime East Village location ... Erected between 1857-1862, this well-maintained 25'x74' townhouse is built on a 25'x93.5' lot with a garden, totaling 6,826 interior square feet. Each of the five apartments occupies an entire floor ... Four of the five apartments can be delivered vacant. With the exception of the first floor one-bedroom apartment, each rent paying occupant is on a month-to-month lease, paying below market rents of $3,800, $3,900, and $4,000 per month. There is significant potential for rent increases, as similarly sized apartments in the neighborhood command higher prices. The first floor occupant will remain for an additional ten year lease term.
"The Bowery used to be synonymous with people who lived on the street and were alcoholics," Glass says with little nostalgia of many veteran Villagers. "In the '80s, if you wandered over to Avenue B . . . there would be people walking in the middle of the street hawking drugs! Just announcing what they had for sale! It was that open.
"I am not sorry to see that part of the East Village disappearing. It was a very grungy part, you know?" He admits that Tompkins Square Park "is much better than it used to be. ...
Still, Glass is aware (and sad) that many of the economic realities that allowed him to become an artist, back when the East Village was a neighborhood of Ukrainian immigrants and Yiddish theaters, no longer exist.
"It was very common when I was a kid — I call myself a kid until I was in my thirties; that would have been until the late '60s and early '70s — it was very common to find a loft in the East Village . . . empty synagogues and that type of thing," Glass says. "You could find a loft for $150, $200 a month.
"Now, that's impossible," Glass says, though it never stops the Big Apple. "One of the things that's made New York so impressive is the constant wave of young people looking for fame, fortune, art, whatever, something."
Remember, in the summer of 2010, when a woman held up an Astor Place shoe store while wearing a cat mask? She was suspected in several other robberies around the city. Anyway, today, a judge sentenced her to 10 years in prison. "I am not Catwoman!" Spalding shouted. She also told news photographers "Stop taking my picture, you bastards!"
OK....a bit of bad news....but good news too...We are moving...sooner then we had thought. We must be out of our current space by the end of January...Thats 3 days from now....but the new space isnt ready yet...so we are closing until the new place is ready and we can move into it...Which will hopefully be soon....like near the end of February. If you are coming to NYC and plan to visit in the next month.....We are very sorry.....We will not be there....But when we do reopen...its in a space about twice the size of our former store...and the place used to be a Funeral Home...so its win/win for all. We will post all of our info soon...such as where the new shop will be. Its actually very close to our former shop....maybe 3 or 4 blocks away....
Brooklyn, New York: February 1st, 2012 - Former Luna Lounge co-owner, Rob Sacher, has a brand new book, Wake Me When It's Over, a story of his life as a New York club owner filled with stories about meeting, partying, or working with many iconic bands of the alternative and indie rock world.
Among the people and bands about whom Rob has written are stories about Ray Davies of The Kinks, Debbie Harry of Blondie, Rick Danko of The Band, Joey Ramone, The Psychedelic Furs, The Jesus And Mary Chain, Bjork of The Sugarcubes, The Strokes, Interpol, Longwave, Marty Willson-Piper of The Church, Elliott Smith...
Rob is self publishing his book through his own DIY imprint and is raising promotion money through Kickstarter ... The funding campaign ends on February 29th. The official release date of the book is March 1st.
Rob has been in the business for more than thirty years and owned two clubs before Luna Lounge, the Mission and the Sanctuary. He grew up in Brooklyn in the 1960s, is a musician and songwriter too.
A state Supreme Court judge has ordered the sale of a historic East Village art studio and former horse auction house, after two new investors, Isaac Mishan and Joseph Sabbah of Ultimate Realty, failed to gain approvals for a proposed condo project and defaulted on $10.5 million in loans.
The condo also showcases many references to East Village culture. In the living room there is a large framed photograph of Patti Smith and in the bedroom there is a framed vintage T-shirt worn by bartenders at Fillmore East, a legendary music venue in the East Village.
