So Long, Patsy’s Pizzeria

Comparing 3rd quarter 2007 to 3rd quarter 2008, real estate prices around here have actually done pretty well, according to the Times.

Neighborhoods that experienced price drops include the Lower East Side and the East Village, where median prices fell 5.5 percent; and Carnegie Hill, where co-op prices decreased 7.2 percent. Median prices in Hamilton Heights and Morningside Heights dropped 30 percent, with sales decreasing to only 19 from 67 in 2007. In Washington Heights, median prices went down 6.3 percent, but the number of sales increased to 24 from 18 in 2007.

The neighborhoods that fared the best through the third quarter included Fifth Avenue and Park Avenue from 59th to 96th Streets, where median prices went up 35 percent. In Lincoln Square, an area between 57th and 72nd Streets from Central Park West to the Hudson River that is home to high-priced apartments in 15 Central Park West and the Time Warner Center, median co-op prices went up 18.6 percent and median condo prices went up 25 percent. Prices also rose in Lenox Hill, where median co-op prices went up 19 percent; and Chelsea, where median co-op and condo prices went up about 6 percent.

Other neighborhoods that experienced increases include Greenwich Village, where median prices for co-ops went up 3.9 percent; Union Square and the Gramercy area, where co-op prices went up 3.3 percent and condo prices went up 2.6 percent; and the Upper East Side, where median co-op prices went up 2.3 percent and condo prices went up 9.1 percent.

She held up the Bank of America on the corner of University and 14th the other day.

Go here to see a photo of the first Earth Day in Union Square, April 22, 1970. In the photo you can even see a bit of our building.

The original branch of Crunch Fitness on East 13th St., which closed three years ago and has been vacant since, will become a new branch of Revolve Fitness, a spinning studio.

Curbed reports: The curvy low-rise building at 61 Fifth Avenue, devastated by fire in 2006, has been marked for death ever since the structure—a former Scrafft’s luncheonette (see photo at top left circa 1940)—was sold to a developer in early 2008. An architect was quickly enlisted to draw up plans for a 10-story building with apartments and ground-floor retail, and it was made clear that the current 61 Fifth Avenue was too far gone to be preserved in any manner. Has the economy put a pause on those plans? Perhaps, but broker-blogger Andrew Fine reports that demolition permit was issued for the property in December, so the wrecking ball could come calling any day now.

Last Friday, NYC Parks & Recreation, CYNTHIA-REEVES PROJECTS, and the Union Square Partnership officially cut the ribbon on LOTUS, the newest piece of temporary art in the Union Square Park Triangle. LOTUS was the creation of Seoul-based artist Jaehyo Lee. To create the piece, the artist meticulously carved, shaped, burned the individual wood elements attached to a steel armature that stretches 12 feet high. The artwork has certainly made an impression as passersby who can be seen at all times of day stopping to look and touch the new art in the triangle.