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

miss-paradis-1
‘Miss Paradis’ Health Food Bar on Prince Street Approaches its October Launch

Real progress is finally visible both inside and outside the stout new development at 47 Prince Street. That gaudy banner advertising for newcomer Miss Paradis was deposed a couple weeks ago after a summertime residency, and instead replaced with apple ornamentation around the two-story facade. Push to the finish line is palpable, as the store is buzzing […]

Photo: NYPL
Stories of Chinese American Women on Display with ‘HERSTORY’ Exhibit at Chatham Square Library

The Chatham Square Branch of the New York Public Library is showcasing a new “HERSTORY” exhibit during the month of October. This exhibit spans 165 years of the struggles and successes of Chinese-American women; on display include rare photographs and documents from legal cases fought in supreme courts throughout the US. The exhibit is a […]

reed-space-closing
Reed Space will Close Today After 15 Years on the Lower East Side

Fifteen years. Gone just like that. And so is Reed Space. The Lower East Side tastemaker is ending its operations on Orchard Street after business today. The store has been having a fire sale for weeks. A “reset” of sorts is promised, which would include a new store altogether. However, the location, and any future […]

Photo: Google Maps
De Blasio Wants to Remedy Rivington House Scandal with Senior Housing Development on Pike Street

Mayor de Blasio hopes that the key to escaping the Rivington House scandal is an olive branch of senior housing. Indeed, Hizzoner announced yesterday – while his deputy Tony Shorris was being grilled by City Council – a proposal to replace those services lost in the $116 million sale into condos earlier this year. The […]

chinatown-protest-chin-cwg
Local Groups Protest Margaret Chin’s Alleged Refusal to Protect the LES Waterfront

The Coaltion to Protect Chinatown and the Lower East Side is turning up the heat against Councilwoman Margaret Chin, who, the group alleges, is refusing to back the full Chinatown Working Group (CWG) Rezoning Plan. The herculean undertaking was planned in response to the 2008 rezoning which left out large portions of downtown. (The argument […]