Tuesday, March 3, 2015

Abbracciamento's flipped for $10.8M

From the Queens Courier:

Plans to transform the former site of Rego Park’s beloved Joe Abbracciamento Restaurant haven’t gone anywhere. The restaurant and adjoining buildings were sold to 62-98 Realty LLC, a firm based in Flushing, for $10.8 million, according to city records filed on Friday.

After the family-owned eatery closed and was sold along with the adjoining buildings on the block for $9 million to Criterion Group, according to property records, permits were filed by the new owners to demolish the buildings and build a seven-story residential building on the lots with nearly 120 apartments and 60 parking spaces. The stores attached to the restaurant were closed last year for the impending demolition, which has not occurred as yet.

10 comments:

Anonymous said...

Well there definitely will not be any affordable housing here.

Anonymous said...

That crappy Queens piece of real estate ain't worth that. Oops, unless you tear down the low rise that exists and build 20 stories into the sky. Queens , the borough of mediocrity....in culture, architecture, government. I've got my prepaid burial plot in Brooklyn. I might have to live here now, but the thought of eternity in Queens is worse than Dante's lowest level of Hell!

Anonymous said...

And yet another Queens neighborhood falls to Asian overbuilding.

Jackson Heights Johnny said...

Here I go reminiscing again!

My parents held their 25th wedding anniversary party in this restaurant in 1972, the year I got married.

Ambience, food & service were all excellent.

So many of my relatives who were there have now passed too, along with mom & dad.

It's killing me to see so much of my past memories disappear!

Anonymous said...

120 apts and 60 parking spots. You already can't park there! Now there will be an additional 150 cars, 90 of which will be parking on the street.

Anonymous said...

Let's get real. In the eyes of a developer, this site represents "underutilized" land. If you want real solitude, move to Maine.

Anonymous said...

An old saying of my aunt, "If you live long enough you will see everything turn to shit"!

Anonymous said...

Maybe there's still a chance the Drake Theater will re-open. Loved those two dollar double features.

Anonymous said...

The Drake will never reopen. Local theaters are dead. Only Manhattan art houses will survive and a few showcase theaters. Dollar movies? With today's rate of inflation they would now cost 10 bucks.

Anonymous said...

Too bad , they served the tenderest chicken cutlets anywhere. You could cut them with a fork....but their mini cannolis were only filled from both ends leaving a chintzy gap in the middle. Now if London Lenny's closed I wouldn't cry. It is one of the most overpriced, overated seafood joints around. The best fish 'n chips are served at Conelly's Corner.