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Offers being sought for historic Chumley's bar.


Have you ever walked down Bedford Street searching for a bar named Chumley's, but ended up pacing back and forth because there wasn't a sign to help?

Massey Knakal Realty Services has been retained on an exclusive basis to sell this famed property at 86 Bedford Street, a historic fixture in Manhattan's West Village and home to Chumley's, one of the oldest and most hidden, but not so secretive se·cre·tive  
adj.
Having or marked by an inclination to secrecy; not open, forthright, or frank. See Synonyms at silent.



se
 New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 bars. The property is being sold at an asking price of $3,750,000.

The 20-feet-wide, three-story building is located on the east side of Bedford Street between Grove and Barrow barrow, in archaeology
barrow, in archaeology, a burial mound. Earth and stone or timber are the usual construction materials; in parts of SE Asia stone and brick have entirely replaced earth. A barrow built primarily of stone is often called a cairn.
 Streets--an eclectic NYC NYC
abbr.
New York City


NYC New York City
 neighborhood known for its cobblestone tree-lined streets and peace and quiet normally not found in Manhattan.

Located on the ground floor, Chumley's is infamous for being one of those NYC bars that has stood the test of time without ever needing a marked entrance.

The bar dates back to 1922, when it was regularly frequented by writers and bohemians. Today, little has changed with the ambiance am·bi·ance also am·bi·ence  
n.
The special atmosphere or mood created by a particular environment: "The noir ambience is dominated by low-key lighting . . .
, but the crowd is constant and more mainstream, with firemen regularly bartending on their off days.

"This is an investment opportunity that's not all about the numbers," said Massey Knakal Partner James Nelson For other uses, see James Nelson (disambiguation).

James "Jimmy" Nelson (born 7 January 1901; died 8 October 1965) was a Scottish international footballer who played for Cardiff City and Newcastle United in the 1920s and 1930s and captained the famous Wembley Wizards
, who is exclusively representing the seller.

"Although it shows around a 6% return, I believe the purchaser will look to buy it for its history and cache. This piece of property is for someone who wants a piece of Americana."

Chumley's is a long-term tenant with a current lease that extends through 2086. Of the three residential units above, two are free market and one is occupied by a rent stabilized tenant. The property contains approximately 3,767 s/f.
COPYRIGHT 2007 Hagedorn Publication
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Jan 24, 2007
Words:285
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