Is that the going rate for Seventh Ave. storefronts? One wonders what calculations new business owners make when deciding to open on Seventh Ave. After all, if your rent alone is $10K a year, you've got to sell a lot of scarves, polish a lot of nails, pour a lot of cappuccino, slice a lot of sheep's milk cheese, etc. It's clear why bars are popping up everywhere: at a profit margin of 80%+, all you need to do is sell a thousand martinis a month to break even.

Finally, a for rent sign!

Actually trump, if you sell cocktails for $10, and you sell 100 a day (super easy to do) that's already $1000 a day which is 30K a month.

It's pretty easy to see how some of these spaces make sense. Even if you have 5K left at the end of the month after salaries, rent, etc, that's a decent living. I would guess most bars are pulling in 2 and 3 times that many drinks per day.

Most coffee shops pull in at least $1500 per day in coffee. That's 45K a month. No wonder we have 15 coffee shops. Those owners are raking it in.

At the stated rate, rent would be well over $100k a year, not $10k. Thats more than $300 a day assuming the store is open every day.

$8,333 a month for 7th Avenue is quite a good deal, Mike. Most spaces on 7th are more like 10-12K a month.

This location near a hospital and on the corner is prime. You bring in a chain, and they can easily make $3000 per day, not $300.

Okay good deal was a poor choice of words, but the rent is in line with the area.

Now that it looks like finally theyre moving ahead with that space, does anyone know what the deal with the long vacant storefronts on 7th at 11th (next to the vet) and the old Clover Barber shop on 7th ave and 12th ?

Wow, they sell that much coffee? I actually had no idea and was wondering how Delux, Parco, Grumpies and Coulier could all work so close to each other. Guess we need out coffees!

Dave, they also have a massive mark up on all those croissants, muffins and assorted pastries at these coffee shops (some even with salads, sandwiches, etc) that rake it in too.

'bout time.

The former owner of the restaurant space walked away from his obligations. He was sued by many different entities, and lost big. Property was recently sold in a foreclosure auction to someone who will renovate. What's going to be there? Hopefully not a restaurant.

I'd say it takes a pretty bad coffee shop to go under in this neighborhood. Each time a new shop, such as Noella, Hungry Ghost, Kos, etc., opens up, it's like there is an instant customer base on day one. We all have our preferences, and I simply think no one wants to walk that far, or wait that long, for good coffee.