I think that's the bar/restaurant that's now called The Show on 42. It has been renovated and has an addition in the back since this photo was taken.

Randy's correct! It is still there and I was able to find and pin it on the map...

Formerly Tommy's. Best ever hamburgers. He raised most of his own tomato's, lettuce etc in season. Tom Jr took over when his dad retired. I think he went to prison for shooting someone in there?