Lina Frey on East Houston Hits the Open Market

Posted on: April 17th, 2012 at 6:44 am by

Two years seems the standard shelf life these days for almost any new business opening on the Lower East Side.  Both boutiques and eateries alike. Now approaching this first milestone is Lina Frey, the indoor al fresco joint at 201 East Houston, with its retractable skylight and active liquor license.

Last week a pair of real estate listings for the establishment trickled onto the Craigslist classifieds. While the identity was not revealed in the post itself, the tiny thumbnail included was evidence enough. Looks like ownership is testing the waters by putting the 3,600 square-foot operation up for sale.  This “gorgeous fully-fixtured restaurant” is the latest turnkey opportunity in the neighborhood, seeking an undisclosed amount to own Lina Frey outright, plus an additional $8,950 in monthly rent. Here’s the skinny on what’s allegedly up for grabs:

Gorgeous Fully-fixtured restaurant
1,800 square feet ground
1,800 square feet basement
Perfect Brand new Turn Key Space – beautiful -with retractable skylight
Full liquor 2am during the week and 4am friday and saturday
Ground floor has huge open room with large bar, high ceilings, brand new ac, kitchen and bathrooms
Basement has lots of storage, walk-ins, Beer Walk-in with 12 taps), office, liquor room, etc.
Rent: $8,950 per month
Key money
Principals only
Must be very well-qualified and have strong financials and biz plan

Whether or not a sale actually goes down, these listings are oftentimes early indicators that issues are undoubtedly afoot.

Recent Stories

It’s Time to End the ‘Cauldron of Honking Horns’ at Clinton and Grand Streets [Guest Post]

The following guest post was written by Matt Marello, a resident of the Seward Park Co-op, who is fed up with the ongoing traffic bottleneck at Grand and Clinton Streets. There once was a quiet, peaceful neighborhood on the Lower East Side, where birds sang, children played, and the elderly could cross the street without being […]

With Pizza-Speakeasy at 1 Ludlow Street Canceled, Popular Village Bistro ‘Mimi’ Signs on

Those grand plans to install a pizzeria and basement speakeasy at the three-pointed 1 Ludlow Street totally tanked. But that’s obvious. Partially built out, this unique address was to become Ludlow Inn and Three Points, with both Numero 28 principals and Shingo Gokan respectively on tap. Word on the street is that there was allegedly some […]

‘I.M. Pastry Studio’ Takes Stall Inside Essex Street Market

Brooklyn-based pastry peddlers, I.M. Pastry Studio, just signed a lease inside the Essex Street Market. The stall chosen is near the northernmost entrance to the building, in what was formerly the seating area for Tra La La juicery. Teaser signage now hangs from the security gate. I.M. Pastry Studio is aiming for an opening later […]

‘Congee Bowery’ Temporarily Closes for Hot Pot Tune-up

Congee Bowery is currently down, but apparently not out. The twelve-year-old Chinese restaurant closed a couple weeks ago for a total makeover. It’s essentially a transformation in both menu and layout. Once the month-long renovation period is complete at 207 Bowery, the reinvigorated Congee Bowery will focus on hot pot style instead of traditional Chinese […]

‘Soy’ is Leaving the Lower East Side After 15 Years

Slurp up while you still can. Popular Japanese eatery, Soy, is leaving the Lower East Side after fifteen years in business. Last day on Suffolk Street is Saturday (April 29). A “Grand Closing” banner is strung above the entrance. Etsuko Kizawa, founding chef and owner of the comfort food spot, is relocating operations upstate to […]