Breaking: ‘Cup & Saucer’ Ending Service on Monday After Decades on Canal Street

Posted on: July 12th, 2017 at 12:39 pm by

Say goodbye to that classic 1940s Coca-Cola sign at the corner of Eldridge and Canal Streets. Word on the block is that the fabled luncheonette, Cup & Saucer, is hanging it up. It’s closing shop after decades serving the neighborhood, thanks to a steep rent hike.

And there’s no time for you to process this information, either, as the last day of business is Monday.

Every few years, rumors surface detailing a demise that was continuously eluded. Especially after the building reportedly sold several years ago, creating much uncertainty whether the business would actually survive. Co-owner John Vasilopoulos told Metro in 2015 that he hoped the new owner would maintain the 5-year lease arrangement of the predecessor to keep afloat. Then there was the recent upstairs fire back in January, which no doubt threatened the operation. This time, however, it appears the talk is true. A tipster who frequents the establishment daily was informed by staff of the closure. Apparently, they started telling all the regular customers today.

We don’t really know what to say. The Cup & Saucer is a no-frills Lower East Side treasure that serves all strata of the community. “Giving the people of New York quality food, fast delivery, and great customer service,” as its website prominently touts. On any given morning, you find construction workers, commuters, travelers, and locals mingling at the countertop.

It’s been under the same ownership for nearly thirty years. Partners Nick Tragaras (also a cook) and John Vasilopoulos took over the business in 1988, yet local lore suggests the corner kitchen dates back some 77 years. The duo also owns a diner in Ridgewood, Queens.

Our tipster surmises that the luncheonette also fell victim to the effects of failed development (i.e. the Canal Tower) and the encroaching Chinatown Bus situation that’s multiplying along Canal Street between Forsyth and Allen.

Recent Stories

Schiller’s Liquor Bar Closes for Good on August 13

Storied McNally haunt, Schiller’s Liquor Bar, has less than a month to live. Employees are telling customers that the last day in business is probably August 13. As previously reported, the fourteen-year-old bar has fallen victim to a substantial rent hike. Management announced the imminent closure back in May with an email blast explaining the […]

Division Street Pedestrian Plaza is Also Getting Refurbished

Much like its newer sibling down the block (at Straus Square), the small median triangle of Division Street at the confluence of Ludlow and Canal, is likewise ready for a makeover. Closed to traffic for nearly a decade, the 1,000 square-foot roadway is receiving some refocused attention from the Department of Transportation this month. Indeed, […]

Reconstruction of DeSalvio Playground Finally Moves Forward

DeSalvio Playground at Spring and Mulberry Streets in Little Italy is off-limits for the foreseeable future. The park is finally undergoing its long-awaited reconstruction. Parks Department workers dismantled the playground yesterday and the space is now another neighborhood construction zone. The $1.9 million project, which received funding from the City Council and Manhattan Borough President Gale […]

Samy Mahfar Sells ‘Jones LES’ Rentals for $62M

The Jones LES luxury rental building on East Houston officially traded hands last week for a cool $62 million. Final deal price for the 67,600 square-foot rental property is just a tad north of what was reported in June. Controversial landlord Samy Mahfar is laughing all the way to the bank with this transaction. His SMA […]

Cops Nab Perp After 3 Failed Bank Robbery Attempts on the Lower East Side

The twenty-two-year-old perpetrator behind a trio of unsuccessful Lower East Side robbery attempts was nabbed yesterday, police said. His name is Richard Callison of Oradell, NJ.  The man, who donned a fisherman hat and sunglasses, first hit the Bank of America at Delancey and Ludlow Streets on Tuesday afternoon. He allegedly passed a note demanding […]