The Flyfish Club, which sold membership via NFTs, leases first space

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The private dining club, which sold $14 million in membership fees through the NFT earlier this year, has rented its first space.

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The Flyfish Club is spread over three levels of 11,000 square feet at 141 E. Houston St., a new office building being built on the site of the former Sunshine Theater by East End Capital, Grandview Partners and K Property Group.

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Flyfish was founded by VCR Group restaurateur David Rodolitz, entrepreneur Gary Vaynerchuk, celebrity chef Josh Kapon and chef Conor Hanlon — with membership through non-fungible tokens that were bought on the blockchain and now resold on Opensea.io.

These resales generate another 10% commission and provide capital for construction and other private events for members.

The building is currently under development.
Courtesy of East End Capital
Another shot of the house on East Houston Street.
Another shot of a house on East Houston Street.
Courtesy of East End Capital
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Rodolitz said in a statement: “We chose this location because of the dynamic area, the beauty of the building and the shared vision for the future of member clubs.”

According to VCR websiteThe Flyfish Club will have a “bustling” cocktail bar, an upstairs restaurant and an outdoor area.

The “intimate” omakase room will additionally have a menu created by Masa Ito, partner of the VCR Group at the Ito restaurant, and entry via a separate token. Here, participants are allowed only one guest, as is the case for regular participants in the cocktail bar. But visitors can bring the number of guests depending on the size of the table and the reservation.

Rodolitz last year told Nation’s Restaurant News that he held back some tokens to ensure they weren’t snapped up by Chinese collectors for investment but who wouldn’t be attending their events or a restaurant expected to open in late 2023.

Visitors will have to pay for food in US dollars, which is another reason why the founders want to have active members.

“I have another set of tokens that I can sell, donate or partner with if need be,” Rodolitz told NRN. “I could give developer partners… I can be sure that people who want to enjoy it and use it will be there.”

View inside the property which has massive windows.
View inside the property which has massive windows.
Courtesy of East End Capital
Luxurious living room in the building.
Luxurious living room in the building.
Courtesy of East End Capital
Another view inside the building.
Another view inside the building.
Courtesy of East End Capital

According to A spoon501 membership tokens were sold and the Club reserved 1534. The tokens started at 2.5 Ethereum ($8,400 in January) and are now trading for 3.5 Ethereum or $5,390 to 150 Ethereum or $190,170 – and provide entrance to the restaurant and cocktail bar.

The Omakase token was originally offered for 4.25 Ethereum ($14,300 in January) and is now being offered for 22.8571 Ethereum, almost $29,000, and provides access to this exclusive space.

Tokens can also be “rented out” on a monthly basis, generating income for participants.

Both the Flyfish Club and the building were represented by Richard Skulnik and Lindsey Zegens of RIPCO Real Estate. Sources said the requested rent was $225 per foot on the ground and less for the lower floors.

“We built 141 East Houston to attract visionaries like Gary Vaynerchuk and David Rodolitz,” said Jonathon Yormak, founder and managing director of East End Capital. “Flyfish Club, like our main office tenant Solana, is a leader in the blockchain ecosystem and the decision to open the first club at 141 East Houston speaks volumes.”

The rent for the four remaining office floors, designed by architectural firm Roger Ferris + Partners, is $115 per square foot.

Credit: nypost.com /

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