Chase wanted to turn beloved Greenwich Village locksmith into bank kiosk

Owner Phil Mortillaro turned down $2M offer for the tiny property

TRD New York /
Nov.November 06, 2016 09:00 AM

Phil Mortillaro, owner of one of Manhattan’s quirkiest retail spaces, the Greenwich Locksmith store at 56 Seventh Avenue South, turned down a $2 million offer from Chase Bank to turn the tiny property into an ATM kiosk, Gothamist reported.

Mortillaro, who’s been making keys since 1964, bought the 125-square-foot, triangular property for just $20,000 36 years ago, after his former landlord in a nearby space raised his rent to $1,700 a month.

More recently, he transformed the miniature store by building his own sculptural pieces of art made of keys. There are chairs fashioned out of keys and even Van Gogh’s famed “Starry Night” depicted in keys.

The key maker said he has no intention of selling the Greenwich Village property, no matter what the offer.

“Every time I said no, they went higher on the price,” he told Gothamist. “But that’s not going to happen. This is where I’ll spend the rest of my life.” [Gothamist]Katherine Clarke


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
San Francisco Supervisor Dean Preston and San Francisco Apartment Association Executive Director Janan New

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions
Malls are hemorrhaging retailers left and right. What will happen with all that space? Some could be converted into apartments and condominiums. (iStock)

Retail-to-residential conversions are in cards at America’s doomed malls

Retail-to-residential conversions are in cards at America’s doomed malls
WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent
LeBron James and the home at 9955 Beverly Grove Dr.

Another palace for the king: LeBron James buys Beverly Hills mansion: sources

Another palace for the king: LeBron James buys Beverly Hills mansion: sources
Quarantine Cribs

TRD Quarantine Cribs: Take a tour of Cathy Franklin’s whiskey distillery & home

TRD Quarantine Cribs: Take a tour of Cathy Franklin’s whiskey distillery & home
arrow_forward_ios

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

Loading...