Cake Shop is Closing on Ludlow Street After New Year’s Eve

152 Ludlow St.

152 Ludlow St.

After 11 years fighting the good fight, Ludlow Street music club Cake Shop is shutting down after New Year’s Eve. The news was delivered via email yesterday.

The independent music venue at 152 Ludlow St. has had many brushes with death in the past few years. The message to supporters noted that, “location and sustainability in our current and long running model have been an issue for more than a long time.” The email went on to explain, “we are failing to keep up with the bills, we have been for years.”

The plan is to relaunch is the new year with a new concept.  Cake Shop has already started a series of farewell concerts. Brooklyn Vegan has more details about that. Back in 2013, the Living Room closed its Ludlow Street location and moved to Brooklyn, before shutting down there, as well. This means Pianos is the only music club left on Ludlow Street, once a top destination for live music. (Arlene’s Grocery is still located around the corner on Stanton Street).

Cake Shop is Trying Once Again to Find Business Partners

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Image from Cake Shop’s website.

The Ludlow Street music venue, Cake Shop, has struggled to stay afloat in recent years. Those struggles continue. Here’s the pitch that landed in our in-box a short time ago from co-owner Nick Bodor:

Cake Shop on the Lower East Side of Manhattan is looking for partners to buy the upper street-level space. The owners want to find a well-financed, like-minded equity partner to take over the business for the upstairs restaurant/bar. This way, we can survive and keep booking the best bands, comedians and reading series from all over the world in the basement-level venue and bar.

Do you want to create something special and own your own bar? Do you have a food concept that would kill it on Ludlow Street? Now is your chance to be a part of the iconic Lower East Side artistic history. Let’s make it happen!

Us: Cake Shop is an internationally known small music venue, bar and cafe. We want to focus on live music and performances, as we have built up great relationships with thousands of bands since 2005. We are looking forward to concentrating on showcasing our favorite artists, while providing a stage for new talent.

You: A passionate individual, or small group of friends, who are well-funded and have always wanted to own a bar or bring your food concept to the masses. To be clear- the food concept must be realized with an “electric” kitchen, as there will not be any hood fans for gas cooking. This could operate as two separate businesses, or a well-structured partnership with a passion to keep the Lower East Side alive and interesting.

We have 9 years left on our lease. Cake Shop wants to team up to continue to grow with our beloved changing neighborhood.

Let’s get together and talk about it.

HUBB NYC purchased 152 Ludlow St., the building housing Cake Shop, last year for $29 million. The music club was nearly forced to close down in 2012, but loyal fans came to the venue’s rescue through a crowdfunding campaign.

 

Cake Shop is Looking For New Investors

Apartment Complex Housing “Cake Shop” On the Market For $21.25 Million

149-151 Ludlow Street.

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.

 

Cake Shop’s Future Remains Uncertain

Cake Shop, 152 Ludlow Street.

Last Friday night, Brooklyn Vegan broke the news that Ludlow Street music club Cake Shop is in trouble.  The web site published part of a desperate email appeal from co-owner Andy Bodes saying the venue would close if an investor didn’t come forward in 72 hours with $10,000.  Today Grub Street has an update.

Upon stopping by Cake Shop yesterday afternoon, Jenny Miller discovered the establishment is still open but definitely still in jeopardy.  Co-owner Nick Bodor said “several generous individuals” came forward with the $10K.  According to Bodor the twin culprits are high real estate taxes, which the landlord is passing on, as well as fines levied during the NYPD’s bar crackdown last year. 

Ken’s Pick: Steve Shiffman & The Land of No at Cake Shop

Steve Shiffman

Steve Shiffman has been on the scene for some time now.  Although he started out in Toronto, he now calls himself a New Yorker.  Together with his slowly-growing band, The Land of No, Shiffman has continued to move forward, playing strings of shows and putting out hefty-sounding recordings. The band (made up of Shifmann himself on guitar and vocals) includes guitarists Dave Hollinghurst and Alec Ferrell, Kent Heine on bass, and Aaron Kant – who joined last summer – on drums.

Weekend Music Picks

Here are musician Ken Beasley’s top music picks on the Lower East Side for this weekend:

Indian Rebound

INDIAN REBOUND – Fri, July 1 | 8PM at Cake Shop

Talk about starting them young! Ethan Levenson & John Kallen of Indian Rebound are in High School, yet they’ve already come up with a winning formula and are a year into rocking up and down the NYC circuit. Levenson plays guitar and sings, and Kallen manages the drums.

Weekend Music Picks

Here are musician Ken Beasley’s top music picks on the Lower East Side this weekend:

magic kids

MAGIC KIDS – Friday, Nov. 12 | 8PM at Mercury Lounge

True Panther Sounds, the label on which Magic Kids are signed, describes the young Memphis band’s music as “unapologetically joyful”. With hugely addictive, bouncy songs like Hey Boy, and Superball, I whole-heartedly agree, joyful indeed – and really, no apology necessary.