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.

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