Associated Supermarket on Nostrand Avenue (at Sullivan Place)
Comments
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@whynot_31 - Yes. And I also saw your "discussion" with Tim; did the "I'll show you mine if you show me yours" result in any new information on the lease?
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I let him know that we likely had the same private parts, and hence his offer was likely not as exciting as it could be.
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Yay the supermarket gets 5 more years!!! Woo hoo!!
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I don't see city records in ACRIS showing this lot changed hands... Was everyone (Diana, Newsome, Thomas) off base on this one?
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If the lot was owned by an LLC and a different "person" bought the LLC, I do not believe it would show up on ACRIS.
I suspect that is the type of ownership transfer that took place.
Such a scenario could have caused the old owner of the LLC to tell the operator of the Associated it was for sale and likely to be developed (thus causing concern among locals), and then relief once the new owner stated s/he would grant them 5 additional years.
(Also, a clever way to transfer a property while avoiding pesky transfer taxes)
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Meanwhile, in Park Slope, a supermarket on a similarly sized lot is believed to be at risk of facing a similar fate:
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1.5 years have now gone by since the new landlord stated they could stay 5 more years. So, do we have only 3.5 years left?
This site continues to be one of the sites I believe will make a large impact on western Crown Heights: http://www.brooklynian.com/discussion/47007/the-big-18-developments-the-whynot-31-wont-stop-talking-about?new=1
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In that instance, no supermarket can afford the new rent.
In this instance, a supermarket may be able to afford the ground floor of the residential building that rises on the lot.
Nostrand Ave will not be as expensive Chelsea.
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TJ'swhynot_31 said:In that instance, no supermarket can afford the new rent.
In this instance, a supermarket may be able to afford the ground floor of the residential building that rises on the lot.
Nostrand Ave will not be as expensive Chelsea.
WFMUnion Market -
We may need to wait until 2021 before we know what commercial will go on the ground floor.
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975 Nostrand Avenue3 Years left.
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Here's one of the trends that is effecting big grocery stores. https://therealdeal.com/2017/07/31/why-grocery-stores-are-pulling-back/
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