QNS
The latest catch of the day for real estate developers in Queens could be the site of London Lennie’s Restaurant in Rego Park.
An advertisement on the real estate website Zillow that surfaced on May 23 listed the beloved eatery at 63-88 Woodhaven Blvd. as being “for sale or lease” with a $6.5 million price tag. Salvatore Crifasi of Crifasi Real Estate is handling the transaction.
Even with the site being on the market, London Lennie’s remains open for business, serving luxurious seafood lunches and dinners to hundreds of guests each week.
The Zillow description notes that the one-story property is “a rare development site.” The restaurant itself occupies 6,000 sq. ft. of the 10,700 sq. ft. lot, but the existing residential zoning and commercial overlay could allow a developer to erect a more than 22,000 sq. ft. building — nearly four times the size of the existing eatery.
“This redevelopment opportunity provides developers the ability to capitalize on tremendous demand in an area with a scarcity of developable [sic] land,” according to listing, which indicated that it could be perfect for a “mixed-use project with the potential to include … medical, retail, residential, community facility, hotel and/or office.”
The restaurant’s owner also owns the property through a holding company listed on city records as RP Seafood LLC. Crifasi told QNS the owner is keeping his options open about whether to sell the restaurant and its property, or lease the building to a tenant for uses other than a restaurant.
11 comments:
I’m actually speechless. Best seafood in queens , maybe the city. Huge loss if they close .
Another pre-fab slap up mixed use box to make big money.
Figure several $20K rents on the ground floors and at least a dozen $2K rents on the top floors.
A million dollars in rents annually pay off the building in no time.
Why would a landlord risk a restaurant (over half fail) when he could get rich quick.
Dam this sucks, the neighborhood is being destroyed lot by lot. This urban box cancer is spreading closer and closer to Middle village.
“This redevelopment opportunity provides developers the ability to capitalize on tremendous demand in an area with a scarcity of developable [sic] land,” according to listing, which indicated that it could be perfect for a “mixed-use project with the potential to include … medical, retail, residential, community facility, hotel and/or office.”
IN OTHER WORDS, the typical Queens third world country crap that is is everywhere like herpes.
Glad I am long gone from shitty NYC and all the shit is has to offer.
The grifter tweeder thugs are rampantly out of control. The Real Estate industry needs to be regulated by the Federal Reserve. To be a cetrified appraiser (MAI) you used to be require dto have a masters degree in the field, plus five years experience and take exams. Now an uneducated realtor is allowed to do the job. To be a home inspector, you had to have an engineering degree, four years experience and exams. Now, a realtor can do this. One of the most outrageous examples that led to the financial crisis was developers sending mortgage applications to banks in the company of hookers.
"Glad I am long gone from shitty NYC and all the shit is has to offer."
Love comments such as these by those who lurk on NYC-centric sites.
I'm glad they're gone too (for their own sake of mental health if nothing else)... but wonder why these individuals feel the need to comment so very often on a place they no longer live at...
anyhow. Like I've said before....better this bland stuff takes up space on the major arteries, lest it creep inward onto residential side-streets. The "pressure" to build has to go somewhere. Bloomie recognized this when he preserved/down-zoned major low-rise residential swaths of Queens, while simultaneously upzoning commercial corridors. Anyone who believes the era of empty lots and one and two storey(!) homes on BOULEVARDS would continue into perpetuity is suffering from a major case of naivety. Even in Mary Sendek's time there was recognized a certain absurdity of her position: progress simply waits you out if it wants to plop a mall on major traffic throughway. She kept her house on Queens boulevard which no one would want to live on anyway, and inevitably her children sold it and moved on...
But in all the time since, nothing particularly heinous crept up the side-streets thereabout. Because it got built alongside the boulevards instead.
Look at all the large gas station properties being sold here and in bklyn. In a few years there’ll be an hour wait to pump gas.
Is there any way we could mandate that these buildings be built less ugly? Require ornamentation, require color, require they not look like a giant box?
I grew up across the street from London Lennie’s. My mom used to send me to Lennie’s to pick up fresh fish when it was a small fish store. It became part of the fabric of the neighborhood as it grew.
I, too, used to live across from London Lennie's! Every Friday I went there to get our fish dinner - Pre-Vatican II days, fish every Friday. I now live in Delaware but I have eaten there a few times over the last few years. I am so so sad about this news.
One major advantage of a non-recourse agreement is that
once you have sold the accounts receivable, it is no longer your responsibility.
In these times, small businesses must focus on the customer,
costs and cash flow. Maintain a separate notebook which contains the list of the persons who are to be billed and for what goods
and what amount they have to be billed.
Post a Comment