Apartment Complex Housing “Cake Shop” On the Market For $21.25 Million
Gotham Court, the apartment complex that is also the home of troubled music venue, Cake Shop, is on the market for $21.25 million. Eastern Consolidated is listing the property, a block-through complex that has an entrance at 149-151 Essex Street, where the Laugh Lounge is located.
The five-story 152 Ludlow building includes two duplex apartments. They’re both 4 bedroom/3 bath units with outdoor space. There are 20 apartments in the 7-story building on Essex Street. The complex underwent a major reconstruction in 2003.
Last month, the New York Times reported that Cake Shop’s owners are “under a court order to pay the landlord $58,000 by July 26, to cover the club’s share of taxes under the lease for two calendar years.” They also face thousands of dollars in fines from the State Liquor Authority. Cake Shop launched a crowdfunding campaign to save the music club, which has been located in the building since 2005.