In a refrain that is becoming more and more familiar, another beloved New York City institution will shutter as its longtime home passes to a new owner. This go-around, New York Central Art Supply will join the ranks of Pearl Paints, Lee’s Art Shop, and countless others.
Since 1905 New York Central Art Supply, located at 62 Third Avenue at the corner of East 11th Street, has operated under the leadership of the Steinberg family. In a blog post dated July 11, the family announced it will be closing up shop by the end of summer and is in the process of selling off its remaining inventory at steep discounts, as well as entertaining offers to acquire the store’s inventory and intellectual property.
The post doesn’t elaborate on who purchased the site, but notes that "[t]he building we have called home since 1905 is being sold and we must vacate it." No sales have hit public record, and the Steinbergs were not immediately reachable for comment.
In May, word broke that Marriott sub-brand Moxy was eyeing a Webster Hall-adjacent site around the corner for a new 300-key hotel. Whether or not the two are related is unclear at this time.