The enduring, wedge-shaped cigar retailer on the nook of Seventh Avenue South and Christopher Avenue within the West Village is available on the market.
Along with the Village Cigars retailer itself, the parcel consists of town’s smallest piece of personal land, the Hess spite triangle, a two-foot-long tiled sidewalk mosaic that proclaims “Property of the Hess Property, Which Has By no means Been Devoted for Public Functions.”
The property’s price ticket is reported to be $5.5 million, Actual Property Weekly reported.
Jonathan Posner, who inherited the property from his father, stated the pandemic made operating the shop financially untenable.
“The earnings from the shop is significantly decreased. In mild of that, the constructing, as excessive profile as it’s… I’m a Village resident, as a lot pleasure as I soak up proudly owning that constructing, as an funding in actual property, it isn’t that,” Posner advised Gothamist.
He famous that the big billboard atop the cigar store remains to be bringing in earnings, however not sufficient. “On the finish of the day it doesn’t add up,” he stated. “If this constructing wasn’t attention-grabbing, or enjoyable to personal, I might’ve bought it awhile in the past.”
The brand new proprietor can even purchase probably the most intriguing items of metropolis lore within the Hess triangle, whose provenance begins round 1910, when almost 300 buildings within the neighborhood have been slated to be torn right down to widen streets and assemble the brand new subway line. One of many casualties of this mission was The Voorhis condominium constructing, owned by David Hess (no relation to the oil firm).
Whereas Hess misplaced his property to town, because of an oversight he held on to a small parcel — all that remained by 1914 was what turned often called the spite triangle, measuring in round 27½” x 27½” x 25½”. The town requested the household to donate it, however they refused, and on July twenty seventh, 1922 they put in the defiant mosaic.
Posner stated he doesn’t anticipate the property to languish available on the market.
“I believe it should convey a really engaging value,” he stated. “I’d anticipate folks to be beating one another over the top with bats to get this. Folks would need it out of ego or future curiosity. It’s in contrast to the rest that I personal.”
Learn extra in regards to the Hess spite triangle right here.