Mama Spa on Allen Street is Looking to Flee
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Mama Spa on Allen is on its way out.
Just before its sixth anniversary on the Lower East Side, an oasis of calm is on the chopping block. The Mama Spa at 141 Allen Street is throwing in the towel, it seems. For the better part of the last year, a broker has been listing the 2,600 square-foot space on the market (i.e. Craigslist). And in that time, the price has yet to budge. To rent it, you’ll need $15,000 per month of pocket change.
Prior posts had listed $75,000 in key money, but that’s disappeared…
According to the post, the spa will be delivered as a “vanilla box,” industry parlance for any use. Even though the commercial unit was recently remodeled, $15,000 in rent seems pretty steep for a corner that doesn’t see loads of foot traffic.
Newcomer Yeah Man Spa pretty much has the monopoly on the block.