The owners of East Village bars Phebe’s and the Penny Farthing will be reopening the Rodeo Bar. This is great news for local residents who feared another corner high rise.
The property located on the Northeast corner of E.27th and 3rd was once Buchbinder’s Bar (realtor Buchbinder and Warren still owns the property) before becoming part of the 1980’s chain restaurant Albuquerque Eats, then 25 years ago the Rodeo Bar.
The Rodeo Bar was one of the longest continuously operating businesses in the Murray Hill/Kips Bay neighborhood until their rent increased to $56,000 a month. As a result of the rent increase the bar closed suddenly in August of 2014. With it’s free live music, peanuts and honky tonk atmosphere the Rodeo Bar was popular with locals and tourists alike.
Derek Kierans one of the new owners taking over the lease is friends with NBA legend Steve Nash. Nash is often spotted at Kiernans other downtown establishments.
No word on a date when the bar will be reopening.