Business

Gulliver’s Gate tourist spot in Times Square files for bankruptcy

A Times Square attraction showcasing major cities in miniature has a big problem.

After just two-and-a-half years in business, Gulliver’s Gate filed for bankruptcy Thursday, The Post has learned.

Co-founder Michael Langer, who describes the venue on his LinkedIn page as “a miniature world the size of a football field in the heart of Times Square,” did not respond for comment.

“They intend to stay in business and restructure their business,” Gulliver Gate’s bankruptcy attorney, Gabriel Del Virginia, said. “It’s not one thing that precipitated the filing.”

The tourist site has received positive reviews for its detailed miniatures, including Big Apple streetscapes complete with graffitied buildings, but appears to have had trouble with its $5.7 million in annual rent, court paper show.

The company stopped paying rent at its 216 W. 44th St. space in November 2018, resulting in a testy legal fight with its landlord — The Kushner Cos — in January, according to legal papers filed in Manhattan state court.

After Kushner Cos began eviction proceedings, Gulliver’s Gate claimed it was cheated out of 5,753 square feet and overcharged to the tune of $586,700 a year for the missing space.

Gulliver’s Gate claimed it stopped paying because it was “in dire straits and on the verge of bankruptcy.”

In March, the parties appear to have reached an agreement, according to court documents, which did not disclose details.

Langer and Israeli entrepreneur Eiran Gazit launched Gulliver’s Gate — which boasts miniature attractions from 50 nations. Exhibits include Stonehenge, the Taj Mahal and the Beatles crossing Abbey Road — with $40 million, partially funded with a Kickstarter campaign, according to reports.

“It’s a very niche exhibit and the operating costs are extraordinarily high,” said Adam Stein-Sapir, an expert on distressed debt. “It seems like they haven’t been able to generate the ticket sales to cover their expenses.”