East Village Starbucks at Avenue A Closes After Nine Years

The Starbucks on the northwest corner of Avenue A and St. Mark’s Place closed for good on September 26, ending a nine year run at one of the East Village’s busiest corners. The closure leaves a single Starbucks in the neighborhood, at First Avenue and Third Street.

The store opened in August 2017 at 4 St. Mark’s Place, a mixed retail and residential building that property records show is held by CRP 4 St. Marks Place LLC. The entity, which splits ownership of the building into four internal interests, financed the property through a mortgage from Preferred Bank recorded with the city in December 2024, the most recent activity on the building’s file.

Why it matters

A nine year old, high traffic Starbucks disappearing from one of the East Village’s most photographed intersections is a marker of how much has shifted in ground floor retail since 2017. The closure is part of a broader pullback: the company has been trimming its footprint by roughly 250 North American locations in a second round of cuts under its current leadership, closing stores it says are underperforming. For a landlord like CRP 4 St. Marks Place LLC, losing a national anchor tenant on a corner unit means either a below market vacancy stretch or a reset to a new tenant at a rent the neighborhood’s smaller retailers can actually support.

The numbers

The store operated for nine years, from August 2017 to September 26, 2026. Its closure drops the East Village’s Starbucks count from two to one, with the remaining location at First Avenue and Third Street. The chain’s current closure round nationally covers about 250 stores. The building itself last showed financing activity in December 2024, when its ownership entity recorded a mortgage with Preferred Bank.

What’s next

The corner unit now becomes a test of East Village ground floor retail demand outside a national coffee chain. Whoever leases 4 St. Mark’s Place next will need to clear a rent set for a national tenant, a bar smaller, independent operators in the corridor have struggled to reach in recent years. Watch the New York market page for the next tenant filing at the address.