Say it ain't so: Coogan's in NYC - track and field's #1 East Coast restaurant/bar - is set to close in May

God damn! “They want about $40,000 a month more,” David Hunt, one of three partners in Coogan’s, said.

Never really thought the place was all that great any way. Food was average at its best. If yoy are all jazzed because they had some track stuff up big deal

You're just another tombstone.

"What we need there is another bank"

Will Peter Walsh be opening a boxing school?

adgasdfsd wrote:

"What we need there is another bank"

I’m hoping for another Duane reade

I remember that place was mentioned in older episodes of the YES show Running.

Shame that it is closing.....

Other than Columbia Presbyterian Hospital, which dominates the neighborhood already, I wonder who could possibly afford the rent.

These are the situations where I believe in rent control. For the most part I'm a curmudgeon who likes to tell people to work harder or find a cheaper place to live but this is different. The quality of the product does not remotely warrant the asking price. On top of this there are numerous buildings on that block that have remained vacant because of similar practices.

ghjn wrote:

These are the situations where I believe in rent control. For the most part I'm a curmudgeon who likes to tell people to work harder or find a cheaper place to live but this is different. The quality of the product does not remotely warrant the asking price. On top of this there are numerous buildings on that block that have remained vacant because of similar practices.

Rent control (really rent stabilization is what you're referring to) is not the answer here. That would only allow bad businesses to stay around much longer than the market demands. What needs to happen is drawing back the tax write offs that landlords can take for leaving properties vacant due to "lost earnings". Right now in NYC there are a ton of vacancies because a landlord can just jack up the asking rent as high as they want, and then when nobody takes it becase it's above market they write that amount per month off their taxes as lost earnings even though those earnings are unrealistic. If you could only write off what you had previously received as lost earnings, not what the asking rent is, there wouldn't be this incentive to leave properties vacant.

A lot of these spaces where the rent is jacked up enormously to knock out longtime tenants then end up sitting vacant for years. Yeah, years. I'm not sure landlord behavior always makes sense.

Yeah Years wrote:

A lot of these spaces where the rent is jacked up enormously to knock out longtime tenants then end up sitting vacant for years. Yeah, years. I'm not sure landlord behavior always makes sense.

Yeah, and they take the lost earnings write off for years. That behavior makes sense sometimes monetarily within the laws as they're currently written. Would obviously like to see that changed, but there's no reason to count on DeBlasio to actually work on something that matters.

Too bad. Always liked going there.

It was an unofficial rite of passage on my college team to head over there for a beer with the alumni when you were a senior and ran your last conference meet there.

Please update OP with petition: https://www.change.org/p/steven-j-corwin-save-coogan-s-irish-pub-and-restaurant/fbog/527518487?recruiter=527518487&utm_source=share_petition&utm_medium=facebook&utm_campaign=psf_combo_share_initial.undefined&utm_term=share_petition

Uptown NYer wrote:

adgasdfsd wrote:

"What we need there is another bank"

I’m hoping for another Duane reade

Too freakin' true. Both.

kibitzer wrote:

Uptown NYer wrote:

[quote]adgasdfsd wrote:

"What we need there is another bank"

I’m hoping for another Duane reade

Too freakin' true. Both.[/quote

Make it into a parking lot for all of us Columbia Presbyterian patients that were runners at the old Armory .

Remember the diesel fumes , the un banked slippery floor , dangerous neighborhood

What's the bar in NYC with sawdust on the floor and trays of beer mugs are served?

op.. wrote:

Yeah Years wrote:

A lot of these spaces where the rent is jacked up enormously to knock out longtime tenants then end up sitting vacant for years. Yeah, years. I'm not sure landlord behavior always makes sense.

Yeah, and they take the lost earnings write off for years. That behavior makes sense sometimes monetarily within the laws as they're currently written. Would obviously like to see that changed, but there's no reason to count on DeBlasio to actually work on something that matters.

If you are hoping for legislation that prevents property developers from taking advantage of tax law loopholes, I wouldnt expect it for another 3 to 7 years...

Uptown NYer wrote:

I’m hoping for another Duane reade

This is "Post of the Day" material.

I (and my wife) had a good laugh at this one.

Well done.