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
locksmith 570

Phil Mortillaro and the Greenwich Locksmith (credit: Greenwich Village Society for Historic Preservation)

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
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

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

WeWork’s side businesses are fizzling

SoftBank rescue plan would bring WeWork’s valuation to $8B

Bank OZK reports uptick in construction lending in Q3

Minority real estate professionals still fight racial and gender barriers: TRD Miami Showcase & Forum

Data Alert: What’s going on with i-sales in Manhattan and Brooklyn?

Clockwise from left: 532-542 Union Street and 232 Third Avenue in Gowanus, Tavros' Colin Rankowitz and Avery Hall's Brian Ezra (Credit: Terra CRG, Tavros, Avery Hall)

Gowanus gold rush: Avery Hall, Tavros, Charney buy sites for $55M

arrow_forward_ios