Vacancies: What Should Replace RJ's?

elizabeth February 7, 2012 at 11:28 am

This section of town is so quaint. This is the village's chance to make sure it stays that way, and not to allow another noisy bar.....

Matthew Ciuccio February 7, 2012 at 11:46 am

A food market.

William Demarest (Editor) February 7, 2012 at 11:54 am

It seems like just yesterday the "Old Fashion" at this location was the place to see and be seen in Nyack, attracting local business people, residents and visitors from across the county for lunchtime, evening and late-night gatherings. It was an example of how a restaurant/pub could have a positive impact.

Catherine Paull February 7, 2012 at 12:43 pm

I miss the Old Fashion too. We used to bring our children there regularly. The restaurant business is so unpredictable and customers are so capricious!

Deanna Gould February 7, 2012 at 01:08 pm

I'm curious if anyone from local government is asking these businesses why they couldn't make a go of it. I think that's more important than what we think should replace it. Knowledge is power!

JC Brotherhood February 7, 2012 at 02:10 pm

When you see a used car for sale by the side of the road, and it remains there for a month or longer the logical conclusion is it's priced too high. Same deal with real estate. If the house across the street is on the market for over a year then the owners are asking too much, most likely because they paid too much in the first place. This cycle began when we were all extolled to believe in the "rising tide raises all boats" school of real estate. The same school that ignores the now evident reality that tides are cyclical and ebb as well as flood. Anyone who owns a restaurant will tell you how slim the profit margins are especially these days. Whoever moves in there is well advised to "do the math" first.

Stewie February 7, 2012 at 03:03 pm

How much is the rent?

Kevin Zawacki (Editor) February 7, 2012 at 04:17 pm

The building is listed as 'for sale' on Loopnet, and is asking just under $1 million.
I've just updated the story. [http://www.loopnet.com/Listing/17352764/81-83-s-Broadway-Nyack-NY/]

elizabeth February 7, 2012 at 05:55 pm

Well said, JC Brotherhood! As one who is in the real estate business, I wish more of the new tenants in some of these storefronts had inquired more carefully about the need for their type of business, before opening. They need to talk to the "locals." We can tell them what might work, and what most likely won't.

steve sun May 14, 2012 at 05:51 pm

Hi, I am interested in buying a building near RJ's, Do you think its a good location(i am not from Nyack)? What might work in that location?
thanks

Harvey August 14, 2012 at 02:03 pm

What ever you or anyone decides to open at this location better have enough cash or credit available to sustain it until they build a reputation. Good restaurants , whether "pub like" or "diner" like with reasonable prices and good food and good quality of service will eventually survive and do well. BUT if you need to barrow to buy the property Mtg and all will only increase an unrealistic "nut" you'll have to meet just to stay open. .

Harvey August 14, 2012 at 02:04 pm

If I owned the property I would divide the location into two or three (if possible) stores and rent each one out separately.