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Tea Room's $30m price tag.


A month after they joined new home, Cushman Cushman is a manufacturer of industrial vehicles, personal vehicles, and other custom vehicles, including parking patrol auto rickshaws. Models
Haulster (Small industrial multi-purpose truck) Bellhop Series (Golf Carts) Tug(Large Truck)
 & Wakefield, Ron Cohen cohen
 or kohen

(Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male.
 and Richard Baxter This article is about the clergyman. For the jurist, see Richard Baxter (jurist).)
Richard Baxter (November 12, 1615 - December 8, 1691) was an English Puritan church leader, theologian and controversialist, called by Dean Stanley "the chief of English Protestant Schoolmen".
 are back in the game, marketing some of New York's hottest properties.

The team is currently trying to sell the Russian Tea Room The Russian Tea Room is a restaurant in New York City, located at 150 West 57th Street between Carnegie Hall Tower and Metropolitan Tower. History  building at 150 W. 57th St., as well as a development site at 130 Varick St. Both properties offer some great opportunities for potential buyers, the brokers say.

Baxter said the Tea Rooms has been beautifully renovated. There is showroom space, office space, retail space and the person who buys the restaurant can buy the trademark and open Russian Tea Rooms all over the country."

The building, which has housed the famous restaurant since 1926, offers 28,750 s/f of space and C6 zoning, which makes it eligible for virtually all uses. The seller, the Golf Association of America, has set the asking price at $30 million.

As for 130 Varick St., which is currently owned by the Estate of Edward S Edward

killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302]

See : Patricide
. Gordon, Baxter said the site, a vacant parking lot, can be used for the construction of an office building or a hotel.

"It's very hard to find a development site that is ready to go right now," he noted. "We expect interest to build up very quickly."

The brokers expect to get about $125 per buildable build·a·ble  
adj.
Suitable or available for building: "The problem was finding a site that was well located, appropriately zoned . . . and buildable" Sam Hall Kaplan. 
 s/f for the property. They expect that both 130 Varick St. and 150 W. 57th St. will go off the market by next year.

"I would say that our marketing efforts will last until about the second quarter of 2004," Baxter noted.
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Article Details
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Author:Misonzhnik, Elaine
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 3, 2003
Words:259
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