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

Photo: Susan Fensten
Spooky Backyard Scene on East Fifth Street

This week, native New Yorker Susan Fensten plucks another gem from her father’s outstanding collection of previously-unseen images. The shot in question is a spooky backyard scene captured at Mr. Fensten’s East Fifth Street residence (between First and Second Avenues) in 1984. He worked as a bike messenger and lived in a tiny studio at […]

lafayette-bike-lane
Lafayette Street in the Running to Receive Protected Bike Lane

Primed and paved in the last couple weeks, that fresh layer of asphalt on Lafayette Street will soon gain some green. Yup. A new, safer bike lane is most likely on the way. The DOT threw together a deck describing in detail the plan to install a protected bike lane along the west side of […]

stanton-street-kitchen-awning
‘Stanton Street Kitchen’ Reveals Itself in Former Moldy Fig Space

The Moldy Fig is has been closed for over two years, but its awning and neon sign remained in place. Until this week. Stanton Street Kitchen is happening, and it’s already planted a flag at 178 Stanton Street. Last November, the latest in a string of applicants for this address obtained Community Board 3 approval […]

Min's Market is doomed, Photo: Mike Brown
Min’s Market at Clinton and Houston is Going Out of Business

Min’s Market, the bodega stalwart at the corner of Clinton and East Houston, is going out of business this weekend. Boogie reader Mike Brown relays the info that the reliable grocer is set to close for good on Saturday. A significant rent increase is blamed for their downfall. It’s a substantial footprint. One can only […]

Lexi Bella for Centre-fuge Cycle 4, July 2012
Centre-fuge to Present ‘Heroines of the Lower East Side’ as Part of Inaugural LES History Month

Centre-fuge just released information regarding the forthcoming mural to grace the mid-block DOT trailer on East First Street. Unlike previous installations, though, Cycle 13 will be a solo effort by project alumna Lexi Bella. She is the first artist to do so. Timed to coincide with the inaugural Lower East Side History Month (annually in […]