St. Mark’s Bookshop nears new East Village lease

Store currently negotiating terms with housing authority landlord

TRD New York /
Mar.March 27, 2014 05:10 PM

St. Mark’s Bookshop is nearing a lease agreement for a new space at 136 East 3rd Street, just west of Avenue A.

“We’ve been sent a proposed lease, and we have a lawyer who has gone through it and sent comments to the landlord, who is the city, or NYCHA,” St. Mark’s Books’ owner Terry McCoy told Jeremiah’s Vanishing New York blog. “There’s a long way to go to signing a lease, though.”

The shop is still in the throws of a money-raising effort via Indiegogo, McCoy told the blog, adding that “we’re trying to raise a lot of money to be able to afford the move.”

The popular bookshop, long located at 31 Third Avenue near Cooper Union, for months pressed for a reduction from its $20,000 monthly rent. The shop generated more than 10,000 signatures on a petition demanding rent relief from Cooper Union, ultimately brokering a deal for a reduction to $17,500 per month in November 2011.

The shop then turned to online crowd funding in 2012 to raise money to fund its lease at a new location, setting a goal of $23,000 for a new East Village spot. How close St. Mark’s has come, or whether the goal has changed with the Indiegogo campaign, was not immediately clear. [Jeremiah’s Vanishing New York] and [EV Grieve]Julie Strickland


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Mayor Bill de Blasio and Gov. Andrew Cuomo (Getty, Paul Dilakian)

Despite looting, NYC reopening on track: Cuomo

Despite looting, NYC reopening on track: Cuomo
666 Fifth Avenue and Brian Kingston (Google Maps, Brookfield)

Brookfield buys out another tenant at 666 Fifth

Brookfield buys out another tenant at 666 Fifth
Construction industry looks for solid ground

Construction industry looks for solid ground

Construction industry looks for solid ground
Former housing czar takes swipe at de Blasio

Former housing czar takes swipe at de Blasio

Former housing czar takes swipe at de Blasio
(iStock)

Security professionals report uptick in demand after looting

Security professionals report uptick in demand after looting
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...