Another Lower East Side Music Venue in Danger

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We hear an off-Ludlow music venue with high ceilings, a mezzanine, a basement, and a capacity of 300 is trying to sell off the remaining eleven years of its $15,000-per-month lease. The tavern-club hybrid, once a destination among rocker-hipsters as well as the young glam set, comes equipped with cabaret and liquor licenses. Given the way the Lower East Sides clientele has changed since its opening over three years ago, is it destined to turn into another Libation?