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Lowball Rental Bets

Manhattan's shuttered off-track better parlors aren't faring so well as new commercial ventures, as "very few" of the 50 former OTBs have found tenants, stemming from "a combination of the bad economy, poor upkeep, and the despair-inducing half-lit neon signage often still hanging above their door." Approved in 1971, the OTBs were shut down last year and neighbors seem to prefer the empty storefronts to the crowds that frequented the establishments. The old parlor at 200 Varick Street is faring better than most: construction work is in place to turn it into a bank, leasing the 2,800-square-foot space for $100/sq. foot. [Daily Intel]