Lina Frey on East Houston Hits the Open Market
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
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.