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East Village Building Housing Theater, Tavern Seeks Bankruptcy

Dec. 29, 2021, 10:09 PM

The owner of the building that houses the Prohibition-era off-Broadway venue Theater 80 St. Marks, as well as the William Barnacle Tavern and Museum of the American Gangster, filed for bankruptcy on Wednesday.

  • 78-80 St. Mark’s Place LLC filed for Chapter 11 in Manhattan, listing assets of $15 million and liabilities of $8 million, according to the bankruptcy petition
  • The East Village building was being marketed for foreclosure sale by Cushman & Wakefield
  • Lawrence Otway, the owner of the building, also sought Chapter 11 protection in a separate filing

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