New York City deli owner Jimmy Yavrodi looks grimly out of the shop that he opened 27 years ago in one of the city’s prime business districts.
“Everything is empty,” he says. “I don’t understand it.”
From his perch on Park Avenue South, the 61-year-old sent two children to university and employed 12 people, slinging sandwiches and salads for the office workers that streamed in from nearby buildings.
From his perch on Park Avenue South, the 61-year-old sent two children to university and employed 12 people, slinging sandwiches and salads for the office workers that streamed in from nearby buildings.
The famous triangular Flatiron building nearby has been vacant since 2019. Last autumn, the owners said it would be turned into condos.
Around the corner, there’s work under way on a new office fronting Madison Square Park. But its anchor tenant, IBM, is consolidating from other spaces in the city.
His next door neighbour, 360 Park Avenue South, has been empty since 2021 for redevelopment. The 20-storey building, which sold for $300m (£233m) that year, recently drew headlines after one of the owners handed over its 29% stake to one of its partners, walking away from commitments to fund $45m more in upgrades,in exchange for $1.
The area still boasts Michelin-starred restaurants and stable tenants, including part of the state’s court system.
New York City deli owner Jimmy Yavrodi looks grimly out of the shop that he opened 27 years ago in one of the city’s prime business districts.
From his perch on Park Avenue South, the 61-year-old sent two children to university and employed 12 people, slinging sandwiches and salads for the office workers that streamed in from nearby buildings.
“Everything is empty,” he says. “I don’t understand it.”
The famous triangular Flatiron building nearby has been vacant since 2019. Last autumn, the owners said it would be turned into condos.
From his perch on Park Avenue South, the 61-year-old sent two children to university and employed 12 people, slinging sandwiches and salads for the office workers that streamed in from nearby buildings.
From his perch on Park Avenue South, the 61-year-old sent two children to university and employed 12 people, slinging sandwiches and salads for the office workers that streamed in from nearby buildings.
The famous triangular Flatiron building nearby has been vacant since 2019. Last autumn, the owners said it would be turned into condos.
Around the corner, there’s work under way on a new office fronting Madison Square Park. But its anchor tenant, IBM, is consolidating from other spaces in the city.
His next door neighbour, 360 Park Avenue South, has been empty since 2021 for redevelopment. The 20-storey building, which sold for $300m (£233m) that year, recently drew headlines after one of the owners handed over its 29% stake to one of its partners, walking away from commitments to fund $45m more in upgrades,in exchange for $1.
The area still boasts Michelin-starred restaurants and stable tenants, including part of the state’s court system.
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