In February 2025, several restaurants and bars in New York City permanently closed, highlighting the ongoing struggles faced by the hospitality industry. Notable closures included the long-standing Chinese restaurant New Neighborhood in Ditmas Park and the Colombian restaurant Arepa Lady in Downtown Brooklyn. The Buttery Bar in Greenpoint cited inflation and rising operational costs as reasons for its closure. Additionally, Doyers Old Town in Chinatown, which only opened in 2023, shut down with plans for a new establishment to take its place, indicating shifting trends in the restaurant scene.
The Buttery Bar closed due to "growing inflation, the rising cost of goods paired with the already-razor thin margins that restaurants have," making operations "unsustainable."
Doyers Old Town, which opened in 2023, seems to have closed within the past two months, with a new liquor license already filed for the address by owner Annie Shi.
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