When I went inside the closed Elk Hotel last year, I was told that the place had been sold in a purchase that nearly completed the acquisition of an entire block of tenements along 9th Avenue between 41st and 42nd Streets.
Now the Real Deal reports that the Elk and its neighboring parcels have been put on the market "with brokers expecting offers of about $2 million per year in triple net rent." Said the broker, “The highest and best use is multi-floor retail. It would be a great branding opportunity with high visibility on 42nd Street."
(It would also require a gutting that would curl toes.)
The Elk is closed and vacant, but there are several other businesses still here, all included in the parcels up for rent.
When last I checked, there was a 99-cent pizza place, a Papaya Dog, a barber shop, and the dive bar (with free nuts) Dave's Tavern, along with a few others.
It's a regular New York corner, a bunch of cheap joints, nothing fancy. But with the glassy Orion tower behind it, and the new luxury hotel to come across the street, regular New York will get the boot.
Inside the Elk
Elk Pepsi Sign