Retail Condo Housing Lucky’s Famous Burgers and Rumpus Room Sells for $5.75M
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For the first time in recent memory, the corner storefront at 147 East Houston is no longer a check-cashing depot. The store closed over the summer.
Its identity changed over the years, yet the core business remained; the last update was in 2010 to a Pay-O-Matic outpost. Fast forward to current. Pay-O-Matic is no longer in the picture here. Instead, the franchise recently consolidated with the Red Square location (205 East Houston), and together relocated across the street to 303 East Houston. This downsizing is indicated by banners at both sites.
Why the game of musical chairs, you ask?
Apparently the retail condos comprising 147 East Houston were peddled on the open market. Lower East Side-based Atkins & Breskin Co. sold the 5,200-square-foot retail condo to Premier Equities for $5.75 million, according to a report in the Wall Street Journal. While the Rumpus Room lounge (formerly Sapphire Lounge) will remain intact, the new landlord seeks banks, restaurants, or fashion boutiques for the remaining two units. Which basically means that Lucky’s Famous Burgers – on the endangered list for years – probably won’t survive this transaction.
Here is the same corner in 2008: