Monday, January 26, 2015

A Brief Run?

No golden touch for Golden Mens Wear, which opened last fall as a replacement for the Dreamy Mattress store, with (to the casual observer) the same management in place.  The store is now up for rent, and the property is listed for sale online.  As mentioned here previously, 480 Fifth was on and off the market in 2013 for a heady $6,200,000, without selling, and in 2014 for $6,500,000, with similar results.  It went back on the market a couple of months ago for the 6.5 price again.

"Location Location. Steps away from the subway. On the most popular avenue in Brooklyn right now" (my italics). "Blocks (23) away from Barclays Center.  Corner property with 6 apartments plus a store front. Store front has 2800sqft.1400 sq ft upper level 1400 sq ft basement. Perfect location for a large department store, medical office, or restaurant. A rare opportunity for investment and/or use."

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