Two New York City Bars Up For Sale In Cryptocurrency
Two bars in the New York City have been put up for sale with the consideration quoted in Bitcoins and Ethereum, according to a New York Post report. This could be the only bars up for grab against cryptocurrency payment.
Patrick Hughes has put up his two adjacent bars, Hellcat Annie’s and Scruffy Duffy’s, for sale citing the pandemic as the primary reason.
Hughes has put a price tag of 25 Bitcoins or 800 Ethereum tokens for the side-by-side Hell’s Kitchen watering holes. This is equal to $835,000 in cryptocurrency, according to CoinDesk.
He has put up a board with the consideration mentioned on it to lure potential buyers. It says, “Must Buy Both.” He is said to have received a few casual inquiries for the bars.
According to the report, both bars were closed during the lockdown. Hellcat Annie’s was reopened in November with an open-air cabin on Tenth Avenue and had claimed that bar sales were back to pre-pandemic levels.
Meanwhile, he could not open Scruffy Duffy’s pending the restart of indoor dining. This bar was originally located on Eighth Avenue since 1990, and was shifted to the current location near to Hellcat Annie’s in 2019.
Hughes had reportedly employed 50 people at his two bars, but the current number is 5-6.
56-year-old Hughes, a Queens native, is a crypto enthusiast and views cryptocurrencies as global, decentralized and a hot currency.
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