Second Avenue Subway Delivers Business Boom

By John Aurelio

Q subway fence on Second Avenue. Photo credit: Madeleine Thompson

Yorkville has been well known for its affordability and long walks to the subway, but when the city first broke ground on the subway in 2007, neighborhood restaurants and merchants suffered a decade of jackhammering and shuttered blocks.

Nearly half of the Second Avenue businesses between 68th and 95th Street at the beginning of construction moved or closed, according to the Manhattan Chamber of Commerce. For those that stayed open, walk-ins dwindled and business plummeted because people simply avoided Second Avenue. It’s been two months since the new subway opened, and now business is back and booming.

“When we opened, the ground would shake because they were dynamiting the tunnel,” says Pete Vasconcellos, the longtime bar manager at the Penrose on Second Avenue. Vasconcellos has been there since it opened in 2012, and for a little over four years a construction fence blocked the bar’s facade. “You wouldn’t even know this place was here,” he says. And the Penrose wasn’t the only one.



Manolo Caisaguano owns Firenze, a popular long-standing Italian bistro on Second Avenue, and has seen the ups and downs of the neighborhood for decades. He remembers well the challenges of having the construction fence right along his restaurant’s front patio. One day, Vasconcellos looked down the street and saw Caisaguano draping AstroTurf over the chain-link fence. He finished the look with string lights and little flowerpots. Firenze’s front patio seating is its bread and butter, and for Caisaguano the makeover was business as usual on Second Avenue.  “He couldn’t wait for the subway to open,” Vasconcellos says.



The construction fence outside of Firenze


The Penrose first opened to eager foodies willing to trek boroughs. They still come from Chelsea and Tribeca, and even faraway Brooklyn, but the Penrose has since settled into its moniker, “The Upper East Side local”. All brick and reclaimed wood, the warm uptown bar bursts with the energy of its 20 and 30-something patrons.  “When we first opened we weren’t dead, but we weren’t all that busy,” says Vasconcellos, remembering the early days when Second Avenue didn’t have much besides sports bars. But the place caught on. “People were just excited to see a bar like this here. They didn’t have to go downtown,” he says. With the subway open, the Penrose is now welcoming a new flow of business.


Pete Vasconcellos, Bar Manager at the Penrose



The subway has attracted a high of 155,000 new riders since January, and according to the MTA the numbers will keep rising. Commuters have been quick to explore the bars and restaurants along Second Avenue. At the Penrose, a stone’s throw from the 86th Street Q Station, Happy Hour got bumped a few hours earlier to accommodate weary 9 to 5’ers. “People can get off work and come straight to the bar,” Vasconcellos says.


Even longtime East Siders have found a home at the bar. “I used to never to go to Second Avenue,” says Gloria Cox, a regular at the Penrose. “No one got any business and no one wanted to go there because of the noise.” she says. Cox, 68, lives in the same building where she first got her start in New York nearly four decades ago, and where she raised her family. As more new businesses betting on the subway opened, Cox decided to walk east.  “I thought we’d all be in the grave by the time it was done, but I’m glad the construction is over,” she says. “This neighborhood will do better.”


Pete Vasconcellos and Gloria Cox talking shop at the Penrose



The new subway is expected to make staying in Yorkville, one of Manhattan’s last affordable neighborhoods, even harder. A recent study by StreetEasy showed that rents along Second Avenue have increased nearly 30% since 2011, and they have nowhere to go but up. But for now, the subway is bringing long-promised business to the East side.


January is usually a dead month in the restaurant business, but this year it was the busiest ever for the Penrose. “We just see opportunity with the subway stop right there,” says Vasconcellos. “The streets are beautiful and our neighborhood looks great.”





The Penrose, 1590 Second Avenue





Firenze, 1594 Second Avenue



The Penrose is on Second Avenue, between 82nd and 83rd.  Firenze is next door.


Photo Credits:



About John Aurelio

John Aurelio is a freelance writer and photographer based in Brooklyn, New York. When he is not writing, he is a consultant with a young company implementing value-based healthcare reform across the country.

Leave a comment

Your email address will not be published. Required fields are marked *