Lyric discussion by elh2780 

Cover art for Bleecker Street lyrics by Simon and Garfunkel

Obviously a nostalgic ode to New York's Greenwhich Village, which is home to Bleeker Street. This was the artsiest ("a poet reads crooked rhymes") and grimiest neighborhood of the City in their time, probably related to its being the most affordable. "$30 pays your rent."

My Interpretation