Thursday, January 03, 2008

Smith Street's No. 1 Laundry is Victim of Massive Rent Increase

There's good news (of a sort) and bad news about No. 1 Laundry on Smith Street, the impending closure of which we posted about yesterday. First, the good news: The owner still has another shop on Smith Street. Now, the bad news: The laundry is closing because its owner is getting taken to the cleaners by a humongous Smith Street-style rent increase. Our special Carroll Gardens-Cobble Hill Correspondent stopped in to talk to the owner and reported back:
The owner of No. 1, who also owns Kim's Dry Cleaners closer to 3rd Place on Smith, will move his whole operation to that spot. His new landlord has raised his rent a second time since buying 285 Smith Street. First, to $4000 a month. He is moving because they now want a whopping $8500 a month. $8500 a month!
One might recall that the new owners, who want to more than double the rent, bought the building at 285 Smith Street for $1.6 million and were the subject of a Brooklyn Paper article last year (which one commenter yesterday called "not only incorrect," but also "completely bizarre.") Quite the impressive rent hike, though.

10 Comments:

Anonymous Anonymous said...

What and who will pay that rent??? I can only imagine...do those people really need that much rent? I mean, REALLY NEED???

11:21 AM  
Anonymous Anonymous said...

11:21

What and who will pay the rent?
A gullible restaauranteur with lots of capital. Its a corner spot on Smith. Some fool will put a French bisto up in no time. Or the 11th Thai restaurant.

2:01 PM  
Anonymous Anonymous said...

11:21

What and who will pay the rent?
A gullible restaauranteur with lots of capital. Its a corner spot on Smith. Some fool will put a French bisto up in no time. Or the 11th Thai restaurant.

2:02 PM  
Anonymous Anonymous said...

No, the 12th Thai. I think EM needs a second outpost..EM is across the street! Hmmm..too small for a cafe and they may not want food, there, seeing how they live in the building. It would be nice to see a small business, but, no gift store would be able to pay. Perhaps a Chanel Boutique. Now,that would really help me out...NOT!

3:04 PM  
Anonymous Anonymous said...

time to find a new dry cleaner...

4:57 PM  
Blogger Lisanne McT said...

Chanel boutique? It wouldn't surprise me, but i would imagine a Marc Jacobs boutique is more in line. Upscale boho fashion that copies what the kids are wearing at 100 times the price!

5:03 PM  
Anonymous Anonymous said...

I really hope a small mom and pop can open there...but not another restaurant, or please, heavens no...not another chain....otherwise we'll see the downfall of Smith, just like Montague...That amount for rent seems inflated...

6:12 PM  
Anonymous Anonymous said...

Marc Jacobs has never been outside the Mercer Hotel where HE LIVES, let alone vnture over a bridge into Brooklyn! Smith Street isn't gay enough for him anyway. I say it will be yet another Area baby boutique.

10:11 PM  
Anonymous MacHO MAN said...

wompp woommppp...so saddd... its crazy rent ....what the hell does thee owner think he has
serioussssss

1:27 AM  
Anonymous Anonymous said...

Please please please not another chain!!!!

9:14 PM  

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