Condos, gyms, craft beer bars, fancy restaurants, an upscale hostel, a kefir shop, and the ubiquitous Starbucks have sprouted up around the neighborhood. Mike’s regularly approached by real estate agents, lawyers, and business owners looking to make him an offer to buy the building. “Fifteen at least,” per year.
Mike’s last offer was for $3.5 million. And every time, he turns them down.
He doesn’t sell, partially because of his two sons, Steve and Ted, who he wants to take over the family business. Working at a slashie might not like seem the most lucrative career, but Mike says his kids make “more than accountants,” clearing around $100,000 a year. His son Steve is skeptical that his dad will ever retire, mentioning with a laugh that Mike always comes in early, works extra hours, and refuses to go on vacation, despite his sons’ pleas. Mostly, Mike doesn't sell because the man loves owning it, making customers like me feel like we’re at a second home. Clearly I’m not alone -- during the course of our interview on a Tuesday afternoon, we’re interrupted countless times by regulars stopping over to say hi, shoot the breeze with their longtime barman, and pick up some booze for home.