Updated 6/5: Despite the layoff notices to the State of New York effective yesterday and an array of media reports listing June 4 as a closing date, the East Village Rite Aid remains open on First Avenue. An employee had no idea when they might close and hadn't been updated on its status. She said she'd be there until they told her the store was closed for good.
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According to WARN notices filed with the New York State Department of Labor, 15 employees are losing their jobs at the East Village location effective today. (All state layoff notices for the remaining Rite Aids are dated June 4.)
As previously reported, Rite Aid filed for bankruptcy (again) last month, citing years of financial struggles and a rapidly changing retail pharmacy market. CEO Matt Schroeder stated that the chain was selling off its assets and transitioning its pharmacy services to competitors.
"Your prescriptions will be transferred to a chain pharmacy nearby, probably either CVS or Duane Reade, whichever company buys the prescriptions from us," a store employee told us last month.
Crain's, who first noted the June 4 closing date, reported that the leases for the 33 metropolitan Rite Aids are heading to auction via a New Jersey bankruptcy court. Interested bidders may register with A&G Real Estate Partners. (Updated: Spectrum News also reported the June 4 closure
The EV Rite Aid was reportedly leasing the space for upwards of $50,000 per month.
Strauss News did some digging on the single-level building's ownership here on the SW corner of First Avenue at Fifth Street:
The 1920s-era East Village building has been owned by the New Tandem Equities since 2007, city property records reveal, when it was sold to them for $4.2 million by an LLC under developer Anthony Marano's control. Marano, in turn, had bought the building from grocery store mogul (Gristedes and D’Agostino's) and radio station owner (WABC 770 AM) John Catsimatidis in 2005.
Again, the auction is for the leases, not the properties. The EV lease is reportedly set to expire in 2032.
The shelves at the First Avenue Rite Aid have been mostly barren for over a year, although this store managed to survive the previous company turmoil.
EVG readers praised the efficient pharmacy staff at the EV Rite Aid. Per one commenter last month: "Their pharmacists were always extremely helpful, and the customer service was excellent!"