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Associated Supermarket on Nostrand Avenue (at Sullivan Place)

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Comments

  • southeast
    southeast
    @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?
  • whynot_31
    whynot_31
    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.
  • southeast
    southeast
    :)
  • clayfilms
    clayfilms
    Yay the supermarket gets 5 more years!!! Woo hoo!!
  • dmiami2
    dmiami2
    I don't see city records in ACRIS showing this lot changed hands...   Was everyone (Diana, Newsome, Thomas) off base on this one?
  • whynot_31
    whynot_31
    edited October 2015
    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)

  • whynot_31
    whynot_31
    edited October 2015
    Architect here. Stand by... give me a couple of days...
    Let the record show that @hm17 has yet to come through on their promise. It has been over a year.

  • whynot_31
    whynot_31

    Meanwhile, in Park Slope, a supermarket on a similarly sized lot is believed to be at risk of facing a similar fate:

     http://ny.curbed.com/archives/2015/11/30/park_slope_may_lose_a_grocery_store_gain_more_apartments.php#more

  • whynot_31
    whynot_31

    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

  • mugofmead111
    mugofmead111
    edited June 2016
    I wonder whether there will be a protest like the one that happened in Chelsea, in response to the closure of a supermarket.

    image
  • whynot_31
    whynot_31
    edited June 2016

    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.

  • mugofmead111
    mugofmead111
    whynot_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.

    TJ's
    WFM
    Union Market
  • whynot_31
    whynot_31
    edited June 2016
    We may need to wait until 2021 before we know what commercial will go on the ground floor.
  • whynot_31
    whynot_31
    975 Nostrand Avenue

    3 Years left.   

  • whynot_31
    whynot_31
    Here's one of the trends that is effecting big grocery stores. https://therealdeal.com/2017/07/31/why-grocery-stores-are-pulling-back/
  • whynot_31
    whynot_31
    edited January 2018
    whynot_31 said:
    975 Nostrand Avenue

    3 Years left.   

    January 2018: Now 2 Years left.