The Jersey Journal is reporting
that the Flamingo Bar and Diner is being sold, and listed at $4 Million, suspects the four story building will soon be replaced with something newer, and taller, to justify the sale price.

No doubt the neighborhood that the Flamingo once served is changing. Montgomery-Greene, a new condominium tower across the street is set to open in a few months. And a block south, 77 Hudson Street is under construction, the soon to be tallest residential building in the state. While these buildings, and the fact that many empty lots around the area that support large scale development are quickly disappearing, are certainly driving up property values, the new influx of residents probably need a place to eat.

The neighborhood is one that for the last few years has largely consisted of office towers, and come 5 o’clock, or on the weekends, has been particularly quiet. As an example, the Au Bon Pain further east on the same block doesn’t even open on the weekend. The new residential units under construction will transform the once business oriented district into a 24-hour city, but this may have come too late for the Flamingo.

Meanwhile, despite the high price tag, the sliver of property bound by 101 Hudson and Greene Streets, may not give way to a large building considering the size of the property and proximity to the tower.

Below, the Flamingo Bar at the Corner of Greene and Montgomery: