256 3rd Ave, New York, NY | Directions 1001040.737415 -73.984169
Neighborhoods: Gramercy Park, Midtown
Cool Gimmick – I live a half block away and can say that this is definitely a welcome addition to the neighborhood. All the bars around are divey pubs which are great, but it is good to have a slightly classier bar option in the area.
What’s cool about Exchange is that its prices for drinks and bar food are based on a “stock market” mentality, meaning that prices at the bar will be based on demand. The prices are scrolled across a digital banner across the back wall of the bar, with impromptu announcements of a ‘reverse market’ designed to work in the crowd’s drinking favor. For example, everyone could band together to order a ‘round’ of the same item, and it would be cheaper for all as a result.
While I like the idea, that doesn't mean it necessarily translates into any great deals. When I was there Bud Lights were going for $5, Blue Moons for $6 and Stolis for $7, which are just regular prices. Of course that could change if everyone orders together strategically or if the market "crashes," but it does make me nervous to order say, 5 Bud Lights, only to find out come tab-time that I’ve paid between $4-$8 for each. I’m sorry, but I’m cheap, and I think I feel more comfortable with a set price. However, I’m also a gambler, so this does intrigue me. Anyway, it's worth checking out.
Best New Bar In Gramercy – This great new restaurant & bar in Gramercy has only been open for about a week and already I love it. In my opinion it's exactly what the neighborhood was in need of, a fun bar scene that's not a pub. The stock market theme is great to, it's the only time in my life that I keep my fingers crossed for a "Market Crash". The drinks are reasonable to begin with but when prices drop on the ticker above the bar, well there's a deal. I really enjoyed the burger as well, it was cooked just how I like it. I'll definitely be coming back with my friends.
Sign in with Facebook Sign in with Facebook to see what your friends are up to!
Do you have a review of Exchange Bar & Grill on your blog? If you include the Citysearch image link (shown below) in your post, we'll automatically link to your review from the business profile page. Here's how our Linkback system works:
The Linkback system is free and automatic. It's really that easy.
To link to our business profile page, copy the html below to your web page.