In 2014, after 81 years in business, and with a steady clientele, Milady's bar closed. Employees told customers that the landlord refused to renew the lease (this has not been confirmed, see comments below). New Yorkers grieved.
The space has been empty since. It had a For Rent sign on it all this time, but I guess that didn't succeed in attracting a suburban shopping mall chain. So now there's a bigger, brighter banner--in orange!--strapped across the front of the murdered bar.
High-rent blight never got so bright. Come on, Applebee's!