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

classic-coffee-closed-1
LES Stalwart ‘Classic Coffee Shop’ Temporarily Closes for Renovations

Well, this certainly isn’t the best way to start the day. The Classic Coffee Shop on Hester Street, the authentic luncheonette mainstay in the neighborhood for decades, is currently closed for renovations. Temporarily, though. This, according to a computer printout pasted to the shuttered gate. Despite the unease – these renovation notices are oftentimes a […]

bowery-graffiti-wall-scraped
Bowery Graffiti Wall Whitewashed for Logan Hicks Artwork Next Week

The Bowery Graffiti Wall is primed for its next act. Out came the whitewashers this week, painting over the remains of Futura’s ten-month-old mural. The one-story enclosure – the original concrete slab still sits intact with Os Gemeos art – is now a blank canvas for stencil artist Logan Hicks. There is also a portable […]

Rendering of potential use
City Seeks Proposals to Convert Allen Mall Bathhouse into Food Stand

Now’s your chance to convert an old Lower East Side shithouse into a food stand. That’s right; the city officially began its Request for Proposals (“RFP”) process last week in order to redevelop the relic bathhouse situated in the Allen Street Mall. The decades-old structure – constructed in the 1930s as a bathroom for riders […]

peace-pentagon-boxed
Noho’s ‘Peace Pentagon’ Boxed up, Ready for Demolition

Noho’s activist spirit is dead. Gone by way of luxury. The Peace Pentagon is about to follow. Demolition is nigh. Its longtime sidewalk bridge, a mainstay for several years, was deposed this week, yet quickly replaced. The borderline-unstable property is being boxed up in plywood as we speak. As previously reported, the A.J. Muste Institute […]

Bargain District, August 2010
As Development Heats Up, Landmarked Lower East Side Historic District Isn’t Any Closer to Happening

With the city’s so-called “backlog” initiative firmly in the rearview, it’s time to refocus. You’ll recall that several local grassroots preservationists continue the battle to protect an historically-significant swath of Lower East Side territory. Led by the Lower East Side Preservation Initiative and Friends of the Lower East Side, the consortium of area groups is pushing […]