The parlor's been closed for more than two years, but the sign's still hanging in there. To quote a post from last March:
After struggling for years, all the NYC OTB parlors were finally shuttered in late 2010. A considerable number of them, however, have managed to eke out a pathetic sort of survival, courtesy of the sluggish economy: their signs and logos, or at least traces of them, still adorn many of the vacant, unrented storefronts that once housed the parlors. The former customers, of course, have had to move on, but what has become of Jesus Leonardo? Not to worry, friends: he just keeps on keepin' on.