Giddyup: $8.5 Million for the Horsemen
If memory serves, the owner of The Horsemen Antiques on Atlantic near the corner of Hoyt has been threatening to sell his building or go out of business for quite a long time. Today, though, the Eagle has a story about the owner “has placed his four-story, 18,000-square-foot building on the market. The asking price…
If memory serves, the owner of The Horsemen Antiques on Atlantic near the corner of Hoyt has been threatening to sell his building or go out of business for quite a long time. Today, though, the Eagle has a story about the owner “has placed his four-story, 18,000-square-foot building on the market. The asking price is $8.5 million, according to Eastern Consolidated, the firm representing the owner. And the firm’s Geoffrey Rand and Paul Nigido say they believe the property will sell in that range.” The article makes note of some of the bigger retail openings nearby in the past few years, like Urban Outfitters and Barney’s Co-op, and the broker says he’s looking for buyers “that fit the profile of existing stores on the avenue, but larger scale, both in the clothing and furniture sectors. This is the only available building on the block that can accommodate a large scale, high-end retailer.” It will be very interesting to see if this building finally does sell. And can this stretch still really be referred to as Antiques Row?
‘Antiques Row’ Building on Market for $8.5M [Eagle]
Atlantic’s Antique Row Heading Towards Obsolescence? [Brownstoner] GMAP
Photo from Property Shark.
P.S. When I lived in Carroll Gardens, people were always leaving 1910-ish wood dressers and such out for garbage pickup — inevitably just before it started to rain.
If only that old oak junk were cheap now, ha! Well, actually, maybe it is outside New York City, not sure.
Dave, thank you so much for the recommendation. I will definitely check it out.
$8.5 million ($472/sf). should I let that soak in before I start laughing so I blow milk out of my nose? I walked every inch of available space in that building 8 months ago and discovered that they have absolutely no idea what an antique shop is or how it should be run. rude doesn’t begin to define their attitude. If Eastern really believes they’ll get this price, I want whatever they’re smoking.
BTW, by a moderately stringent standard [>100 years old] most of what I bought in my youth is only becoming “antique” now; by the most stringent standard, which is furniture produced prior to 1840, when mechanized techniques [i.e. water power driven band saws] came into common use] NONE of my stuff will EVER be antique. Personally, I’ve always held to the LEAST restrictive standard; an antique is anything out of current production [because I could AFFORD that stuff].
“I think the factor you miss is that 1950’s and 60’s furniture (called “Modern”) is actually antique. The equivalent of a 1910-1920 piece if you were buying in the 1970’s”
That’s very true. Mid-century modern is what I grew up with and, predictably, far from my favorite style. However, I HOPE my attitude towards today’s “young” antiques is more enlightened than that of my mother, way back, who made an awful face when she saw the 1850s Louis XV-revival sofa that was our first furniture purchase and lamented “it’s SO old-fashioned!”.
fsrq, I really like some of the furniture from the 1950’s and 60’s.
Especially American-made “Scandinavian Modern” pieces and pieces made by Knoll. Love em.
Not sure how old some of you are but I am not sure the “appreciation for antiques” is any lower now than in the past – certainly TV shows focusing on such indicates otherwise.
Additionally, I think the factor you miss is that 1950’s and 60’s furniture (called “Modern”) is actually antique. The equivalent of a 1910-1920 piece if you were buying in the 1970’s..it sucks but time flies
Marvin, appreciation for antiques skips a generation. In forty years a young couple will buy the “passive house” featured on another thread and will spend a bundle to put back single-pane double hung windows and real wood burning fireplaces.
“back in the day when young people liked to buy old things for their homes”
THAT’S what I really miss.If you owned a brownstone, you bought antiques to furnish it.Of course Victorian furniture and (especially) turn-of the century oak had pretty recently been considered junk by most collectors, prices were lower than new stuff, and SO low that you didn’t have to worry about repros, because it would have been uneconomical to make them.