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New ownership for a culinary hotspot
In a significant development for food lovers in New York City, Alchemy Ventures has acquired the five-story apartment building at 151 Avenue A, home to the wildly popular Danny & Coop’s, co-owned by Hollywood star Bradley Cooper.
The real estate company, known for its extensive portfolio valued at over $400 million, purchased the property for $10.75 million. This acquisition is expected to bolster the already thriving culinary scene on Avenue A, known for its eclectic mix of dining options.
Cheesesteaks that have taken the city by storm
Since its opening in December, Danny & Coop’s has become a sensation, drawing long lines for its signature $17.45 cheesesteak. The restaurant has gained a reputation for its unique take on the classic Philadelphia-style sandwich, with Cooper himself often spotted behind the grill, serving eager fans.
The establishment has a simple menu, offering just cheesesteaks, soda, and water, yet it has managed to create a buzz that keeps customers coming back. With an impressive average Yelp rating of 4.3 out of 5 stars, it’s clear that the cheesesteaks are hitting the mark.
Future prospects and community impact
Despite the change in ownership, the future of Danny & Coop’s appears secure. Cooper and co-owner Danny DiGiampietro have signed a five-year lease with an option for a five-year extension, ensuring that the cheesesteak phenomenon will continue to thrive.
Alchemy Ventures’ principal, Sam Kooris, expressed enthusiasm about having Cooper as a tenant, highlighting the building as a prime example of their strategic vision for high-quality, well-located assets. The upper floors of the building also feature eight three-bedroom, two-bathroom apartments, adding to the property’s appeal.
As the culinary landscape in New York City continues to evolve, Danny & Coop’s stands out as a testament to the power of celebrity influence in the food industry. The restaurant not only offers delicious food but also contributes to the vibrant community atmosphere of Avenue A. With unpredictable hours and a minimalist setup that lacks seating, the establishment has cultivated a unique dining experience that resonates with the younger crowd, particularly Gen-Z and young adults.
