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Re: Is LITM up for sale for 1.5 mil?
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When you rent commercial space sometimes a tax and insurance fee is in the price. That is probably the 5k litm is responsible for.

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jmcee wrote:
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tommyc_37 wrote:
[quote]
Bill463 wrote:
I wonder why the owner is selling? Must be a personal reason - that place is packed every night.


I can think of 1,500,000 reasons, although the price seems way out of line for just the business. Recent tax records show, as others have pointed out already that the owner of the building is the Helens Pizza people, leading me to assume that the 1.5M price is just for the business/liquor license/equipment. The $5000 tax bill is still the mysterious part of that listing, something is not right here.

Posted on: 2013/6/11 20:42
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Re: Is LITM up for sale for 1.5 mil?
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Quote:

tommyc_37 wrote:
[quote]
Bill463 wrote:
I wonder why the owner is selling? Must be a personal reason - that place is packed every night.


I can think of 1,500,000 reasons, although the price seems way out of line for just the business. Recent tax records show, as others have pointed out already that the owner of the building is the Helens Pizza people, leading me to assume that the 1.5M price is just for the business/liquor license/equipment. The $5000 tax bill is still the mysterious part of that listing, something is not right here.

Posted on: 2013/6/11 19:09
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Re: Is LITM up for sale for 1.5 mil?
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Quote:

Bill463 wrote:
I wonder why the owner is selling? Must be a personal reason - that place is packed every night.


Well that could be WHY she's selling :)

I actually hope any potential new owners don't change too much about the place. I don't go to LITM terribly often, but it's one of the only "slightly-swankier-than-pub-but-not-corny-like-Powerhouse Lounge" kind of places in DTJC, now that Bar Majestic is no longer a bar.

Posted on: 2013/6/11 18:57
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Re: Is LITM up for sale for 1.5 mil?
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I wonder why the owner is selling? Must be a personal reason - that place is packed every night.

Posted on: 2013/6/11 18:47
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Re: Is LITM up for sale for 1.5 mil?
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I think the business is for sale not the building.

The building is a 4S-C-B-3U-H no way it would only be 1.5 mil downtown.

Did the building owners make the commercial space some kind of business condo? So the tax on just that space is 5K?

Posted on: 2013/6/11 14:21
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Re: Is LITM up for sale for 1.5 mil?
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Quote:

SteveWilson29 wrote:
Another resource says the owner also owns Helen's Pizza. Could that possibly be true?


No, the owner of LITM is Jelynne Jardiniano.

The owner of Helen's Pizza is Steven Kalcanides.

Posted on: 2013/6/11 14:12
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Re: Is LITM up for sale for 1.5 mil?
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So check the menu before you go to some place. They have prices listed there.

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dwntwngrl Re: They charged $16 for a margarita last time I was there. Then added 20% tip on drinks, no food, bc we were a table of 6. I loathe them.

Posted on: 2013/6/11 9:15
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Re: Is LITM up for sale for 1.5 mil?
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thats crazy, main reason i never went back too pricey. I rather get a taco and a beer and stay home.

Posted on: 2013/6/11 4:17
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Re: Is LITM up for sale for 1.5 mil?
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They charged $16 for a margarita last time I was there. Then added 20% tip on drinks, no food, bc we were a table of 6.

I loathe them.

Posted on: 2013/6/11 3:44
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Re: Is LITM up for sale for 1.5 mil?
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i went once or twice, i personally never cared for it. I find it a bit lame , the one stop everyone knows your name brat pack venue. But again that's my personal opinion and not a a reason to start the typical JClist attack. I would love to see a gallery in that space if at all possible.

Posted on: 2013/6/11 3:21
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Re: Is LITM up for sale for 1.5 mil?
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The listing is inaccurate. The owners of that property pay $19,396.80.

They appear to own a number of properties in Jersey City.

Posted on: 2013/6/11 2:17
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Re: Is LITM up for sale for 1.5 mil?
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Another resource says the owner also owns Helen's Pizza. Could that possibly be true?

Posted on: 2013/6/11 2:13
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Re: Is LITM up for sale for 1.5 mil?
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Quote:
SRhia wrote: The listing says Annual Taxes is $5000 - is that right? I assume that's property tax? Isn't that low for the size (appro 2500 sq ft according to the listing)? I mean, I pay a LOT more for my 2 bedroom in JCDT. Or perhaps business properties are taxed differently from residential properties?
The owner of the building the Lamp Post is in pays $10,000 a year, including the business and the apartments upstairs. And people are fighting the reval? This record says they're paying $18,921 in taxes for LITM.

Posted on: 2013/6/11 2:06
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Re: Is LITM up for sale for 1.5 mil?
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The listing says Annual Taxes is $5000 - is that right? I assume that's property tax? Isn't that low for the size (appro 2500 sq ft according to the listing)? I mean, I pay a LOT more for my 2 bedroom in JCDT.

Or perhaps business properties are taxed differently from residential properties?

Posted on: 2013/6/11 1:45
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Re: Is LITM up for sale for 1.5 mil?
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Posted on: 2013/6/11 1:31
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Is LITM up for sale for 1.5 mil?
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Posted on: 2013/6/11 1:25
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