May 13, 2004 AMNY - Fabulous eats around NYC NEW YORK The Caracas Arepa Bar is New York's shrine to the Arepa. Located on an offbeat East Village block, the restaurant is bright and cheerful and enjoyed by hipsters and displaced Venezuelans alike. Offering over 18 different choices of arepas, Caracas will overwhelm you with its variety of delicious choices. And with prices ranging from $2.25 to $4.50, you certainly won't break the bank doing so.