Gothamist broke the news today that the owner of the former Lenox Lounge by 124th Street has decided to raise the rent even more than the previously reported $20,000 a month. As most know by now, this originally caused the former lessee to vacate the space but not before destroying the facade and the interior upon leaving. So how much is the remains of a historic jazz spot in the heart of Harlem going for these days? Check out the listing price along with a current photo after the jump.
Based on the article, one can get this wonderful shell of a building for $40,000 a month not including all of the work that will be needed to restore everything. Everything has been gutted inside already so anyone signing up will basically have to start from scratch from what we can see. The article mentioned that the Whole Foods across the street might have something to do with the raised rates so maybe it is all worth it at the end? More on Gothamist:
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well, somebody had better do something... the whole side of this immediate block is the absolute gutters.. quite a contrasts to the whole foods going up right across the street.
ReplyDeleteNot really. There’s Sneaker Pawn, which looks quite jolly.
DeleteThey so greedy.
ReplyDeleteAnd the Whole Foods affect on rents starts
ReplyDeleteIt will become a chain of some sort. Likely a bank branch.
ReplyDelete