At the end of this past January, our five-year lease ran out here at 342 Bowery. Our landlord has graciously given us another 3-6 months to find another place but, with 4 to 5 times the rent we're paying being offered by bar/restaurantsfor the space our stay will come to an end soon.
We have been searching for a new location for the past 6 months, but if it's anything close to the 1500 sq. ft. we now occupy and need, no matter how far east we go, the realtors are convincing the landlords to hold off renting until they get a minimum of $ 60-75 per sq ft per year - which for 1500 sq ft means a monthly base rent nut of $7500-9400 - even on Ave D, where no one ventures to!
The only people who can afford that are banks that now make a tidy new-found profit off of people taking $20 out of their account every ten minutes [!] and national chains and boutique franchises that take a tax loss to blanket NYC with their outlets.
Anyone in NYC knows there are many spaces - in both prime and not prime areas - that have remained empty for YEARS due to realtors who have sold their bill of goods to landlords - when we've met those landlords, many have lamented the money they've lost due to the pressure from realtors, and were perfectly willing to talk lower prices, when beforehand the agent said they wouldn't budge.
What we would like is a basement, second floor or higher loft space [with elevator] with about 1,500 square feet for under $4000, hopefully in lower Manhattan - we don't really care what it looks like, or what some snobs might have to say about the neighborhood, just as long as it's secure. We'll do the rest.
We would love to stay in the Lower Manhattan, but we might have to move to mid-town or further uptown or even nearby in Brooklyn or Queens
If you know of a space for us to rent - especially where we deal with the landlord directly - please contact us immediately!
Our time here is limited. We may have to go with one overpriced space - that otherwise meets our needs - within two weeks, so we'd like to hear from you before then
Bruce, Manny, Mikey, Chuck, Bret & all at DMG
DOWNTOWN MUSIC GALLERY NEEDS YOUR HELP!
Bob Burnett: Please read the note below from one of my favorite places in the galaxy--Downtown Music Gallery in NYC. I hope someone knows someone who knows someone in real estate...... can help them out.