Back on Jan. 3, we pointed out that 235-237 E. 14th St., which houses the IHOP, was on the market for $14.5 million. The Massey Knakal listing noted that IHOP was paying $45,833 per month on a 10-year lease.
According to the listing, the deadline to bid on the property is today. So get that bidding paperwork in order! (And sorry for the short notice!)
To refresh your memory, here are details on the building:
The property, situated on the north side of East 14th Street between Second and Third Avenues, contains 17 low income housing units and a retail space. The building, erected in 1988, has approximately 4,300 square feet of retail space on the ground floor and approximately 18,019 square feet of residential floor area on floors 2 through 7.
And a new addition to the listing since January...
This IHOP location is one of the top performing in the country.
Previously on EV Grieve:
One explanation for the existence of IHOP on East 14th Street