Beloved " The Bike Shop" closes on Union Street

The Bike Shop has closed and moved to Court Street - the South Side of Court now known to some as SOFO!
This was a long time coming as the building has been for sale for several months.

I have the insider scoop on what went down.
Although the seller has had several offers, including one from the owners of the bike shop, they have refused all of them because they have not been close to the $1.1 they are asking for the building. The rent roll does not make sense to justify this asking price and during these times I doubt that they will fetch it.
the owners of The Bike Shop really wanted to purchase the building but the sellers were unwilling to work something out with them.

Instead they decided not to renew their lease in hopes of having a vacant store or higher rent income on this space, that would entice potential buyers.
It is really another sad lose for the block as this was a staple of the Columbia Waterfront district neighborhood. The owners had a welcoming cat and dog and even though he didn't always have a welcoming smile he knew what he was doing and had fair prices.
The space has now been vacant for over a month and has 3 different brokers signs on it for the rent of the space and sale of the building. Just looks desperate and tacky in my opinion.
Anyone know the rental price of the space?
I guess I'll call and find out!
Good Luck to The Bike Shop in their new space!
You will be missed!
UPDATE AS OF 3/4/09- Contracts have been executed on this building and the selling price is $1MILLION DOLLARS! Soon Union Street will have a brand new Insurance agency, just what we needed!!!!

http://www.yelp.com/biz/the-bike-shop-brooklyn
http://lostnewyorkcity.blogspot.com/2008/12/brooklyns-bike-shop-moving.html