The face of Greenpoint Avenue—between 47th and 48th Streets—is going to change as three long-time stores are closing.
King Boulevard, SSS Video and Azteca Restaurant have all been notified that they have to leave—as the owner of the property is selling it.
Mike Perez, who has owned King Boulevard for the past 31 years, said that he will be closing down his store at the end of the month. He said that the 47-18 Greenpoint Avenue property, which is owned by Greisman Properties, is currently in contract to be sold. He said that his landlord told him that the building will be torn down and redeveloped.
A lawyer, who represents a co-owner of Greisman Properties, confirmed that the building is in contract. However, he said that the building is likely to undergo a major renovation as opposed to redevelopment.
The name of the prospective buyer is not known and there are no filings with the Department of Buildings indicating that work is about to begin.