Last Gasp of Orchard Vendors: Arivel and Modern Fashion on the Outs
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What was left of the Lower East Side bargain district continues to shrivel. Today, we learn that furrier Arivel Fashions at 150 Orchard Street is on the outs. Misrahi Realty is presently seeking a replacement tenant to assume control sometime in May 2014.
A listing for the 2,000 square-foot sub-level space (plus 350 square-foot basement) surfaced on Craigslist last week. Price tag is $16,000 in monthly rent.
And then there’s this nugget from a Yelp user back in October:
The selection is awful, congruent with the owner who owns the building. It is always empty, the service is unfriendly, and if you live in any of her properties, she takes her tenant’s security deposits for fake repairs. Why would anyone want to purchase a fur from such a person?
Modern Fashion & Style at 138 Orchard Street, meanwhile, is in the same boat as Arivel. It too is on the outs. Misrahi is simultaneously peddling this leather vendor almost in the same breath. This one will cost you $6,500 per month for a measly 650 square-feet. (Remember that Adam Sandler picked one of the vendors here to appear in The Cobbler)
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Best guess on what’ll come next for these two addresses?
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