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World’s best bar expands in FiDi

Dead Rabbit owners inked 17-year deal for space next to 30 Water St. location

Dead Rabbit at 30 Water Street, Sean Muldoon and Jack McGarry (Credit: Dead Rabbit)
Dead Rabbit at 30 Water Street, Sean Muldoon and Jack McGarry (Credit: Dead Rabbit)

Critically acclaimed FiDi watering hole The Dead Rabbit is nearly doubling its size to 5,500 square feet.

The lower Manhattan bar, where patrons can wait two hours on busy nights to get in, signed a 17-year lease on a two-floor space next to its location on Water Street, the Wall Street Journal reported.

The Dead Rabbit is currently housed at 30 Water Street, which is owned by fellow restaurateur Peter Poulakakos, property records show.

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Dead Rabbit co-founders Jack McGarry and Sean Muldoon said the design and construction of the new space will cost at least $750,000, and the expanded bar will be ready in April.

The bar, which opened in 2013, was named the world’s best bar in 2016 by an annual global survey.

Muldoon said he and his partner have received offers to open other locations, but they wanted to maintain the lower Manhattan vibe, so expanding next door was their only option.

“We thought it would happen if we were patient,” he said. [WSJ] – Rich Bockmann

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Commercial Real EstateNYC Bars