
Might need some more work?
Photo on Second Avenue today by Derek Berg
We have always loved the East Village. We were happy to find a storefront here. We wanted to open up a cafe as tea lovers and wanted to share our sense of taste and style. We have always loved how the East Village has a lot of mom-and-pop shops. We love the vibe of all the specialty stores and wanted to create one of our own.
[W]hile prices in the building, which average $2,100 a square foot, are hardly a bargain in the East Village, which has very little new development, they can seem inviting compared with other downtown neighborhoods. [Broker Fredrik] Eklund said the building has drawn a number of buyers from the West Village and TriBeCa, some of the most expensive areas in the city, where inventory under $5 million is hard to come by.
“I think we’re setting a new high market for condos in the East Village, but compared to the rest of downtown, people understand that they’re getting a value for Manhattan,” said Douglas C. Steiner, the chairman of Steiner NYC.