Halloween store looks for a treat after cruel COVID trick

by

Adelaide
Polsinelli is looking to work her magic on the Halloween store at 808 Broadway.

COVID has been the final nail in the coffin for Halloween Adventure in the East Village (pictured top), which has been the ghostly go-to for New Yorkers for two decades. With revelry cancelled, the local haunt has lost an estimated $2 million in sales and announced earlier this year that 2021 would be its last Halloween at the store.

The
owners have tapped Polsinelli to sell their ground floor, block-through, retail
condo that currently houses two floors jam-packed with costumes, props, masks and
magic, confirming they will be spirited away when a new owner takes over.

“The
pandemic dealt a major setback to New York City and the shift in retail
shopping patterns to e-commerce, added a double blow to an already struggling
retail market,” said Polsinelli, who nevertheless, sees a silver lining in the
upheaval.

“We are finally seeing signs of a strong resurgence as more retailers commit to long-term positions,” she said. “This boost in activity is just what Manhattan needs to remind retailers and investors that we are in a once-in-a-cycle opportunity and, as we turn the corner on COVID, more businesses will be placing bets on real estate.”

Polsinelli
expects the retail condo at the base of 808 Broadway, also known as 104-110
Fourth Avenue, is likely to cast a spell on a market rising from the ashes of
COVID.

“It’s
an exceptional opportunity,” she said of the unit. “With 80 ft. of frontage on
Fourth Avenue and 40 ft. on Broadway, it’s ideal for multi-tenanted use as well
as any combination of owner-user possibilities. The expansive size along with
16 ft. high ceilings, makes it suitable for not only retail, but also medical,
educational and office uses.”

Located
at the crossroads of Greenwich Village and the East Village, the property has
entrances on both Avenues. Situated midblock, on Broadway between 11th and 12th
Streets, its’ close to Washington Square Park, Union Square Park, the
Greenmarket and the Union Square transit hub. Right at the center of NYU’s
campus, it’s also near Beth Israel Medical Center and the new tech hub at 1
Union Square.

All
in, the retail condo totals 25,000 s/f, of which, 18,000 s/f is legal retail
selling space. 10,000 s/f is ground floor retail which is duplexed with an 8,000
s/f lower level. There is another 7,000 s/f of sub- basement space.

The
building was constructed in 1887 with Gothic Revival detail by James Renwick
Jr., who also designed the adjacent Grace Church and iconic St. Patrick’s
Cathedral. The present seven-story, block-through building was converted to apartments
in 1981 and renamed The Renwick, in honor of its architect.

Family owned and operated for over 65 years, New York Costume Halloween Adventure is the largest designer, manufacturer and distributor of Halloween costumes and accessories in the world. The company has two other locations in Pennsylvania.

Busy Philipps as Sheba Goodman in the Halloween episode of The Unbreakable Kimmy Schmidt filmed inside the 25,000 s/f retail condo. Image via Netflix.

As well as being a local landmark, the Broadway store is a star in its own right, appearing in movies Six Degrees of Separation and The Dummy and featuring as a backdrop in an episode of Unbreakable Kimmy Schmidt. In an episode of Friends, Joey pays a visit to the store during a search for a Christmas costume.

Polsinelli
has listed to condo at $15.95 million.

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