Feb. 28, 2017 By Hannah Wulkan
A popular LIC restaurant has shut down and the business is now for sale.
Masso, an Italian restaurant at 47-25 Vernon Boulevard, shut down last month after more than a decade in business.
According to a broker for the business, owner James Powers simply decided to sell the restaurant because he decided to move further east and did not want to run the restaurant anymore.
The business is now listed for sale for $350,000 by firm Modern Spaces, according to broker Troy Allen, including all the equipment and items needed to maintain it as a restaurant.
The lease on the property is good for the next 14 years, Allen said, with rent at $6,500 per month, and a five percent increase in rent annually.
For more information see the listing at Modern Spaces.
LIC Talk was first to report the listing.
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27 Comments
*farther
Jon, I was speaking in general how one business and one closes around LIC and Vernon Blvd area in general. I did read the article and may have overlooked the part of the owner moving farther East. Many people commenting here seemed to dislike this place. Could this be why the owner wants to mover farther East. A Failing business??????
Agree, I don’t think he is abandoning a thriving biz here.
Do either of you know him? Maybe he just wants to retire to the Hamptons or something. I’m hearing nothing but pure speculation. Maybe this, maybe that. Maybe his phones were tapped. Could have happened. Someone could have done it. Maybe it was Barack! Unless you know why the guy decided he wants to move father east, all you can say about his business, which he seems to think he can get $350K for, is that he did not want to run it anymore. So he’s not “closing” the place, he’s selling the business and moving on. Life.
Masso was a hidden gem. Ratings were bad on soc media, i think that led to it being empty a lot – was a good food arb. Sad to see it close.
Wow, really? I guess people really disliked this place?
Taco bell is in the works I hear,..
We need a good inexpensive Greek restaurant
i heard there’s a Greek place opening in the old San Remo spot. unsure if inexpensive or not.
yes it is going to be gyros and such. not expensive
there is a Greek place opening there. By a real Greek guy, named George. i spoke to him for 30 minutes shortly after he purchased the lease.
he was very pleasant, and said he’s going to make delicious greek food for us all
Astoria is such a short distance away. No need for that.
Short distance is relative.. still need to get in a car and drive 10-15 mins or 2 subways. A casual greek restaurant serving gyro sandwiches/platters and greek salad with fresh feta, local to hunters pt area would be great. Don’t need to try to be fancy with grilled octopus.
not true at all! if everyone is leaving to go eat elsewhere that is why restaurants are closing. think about it.
what is wrong with the people in this neighborhood?
Greek restaurant coming to Jackson Ave soon!
wow a new greek restaurant on Vernon blvd AND Jackson ave?!
Another one bites the dust. One closes, one opens. Is it the RENTS?????
Do you actually read? The owner wanted to move farther east. Wow. Agenda much?
Nah there just a lot of murons in lic.
Including those who can’t spell
Those were good people. Very sorry to see them go.
Looks like around $35/sq ft per year. Pretty cheap rent for the area, hopefully get a decent replacement restaurant.
at $350K, how do they justify the price of a failing restaurant. After renovations costs, you may be in $500K
They won’t make any money back for 2/3 years at best
5% annual increase shows how greedy and out of touch local landlords are.
I wonder what this will become. Would love a high-quality Indian restaurant on Vernon.
That’d be great! Or an Argentinian steakhouse.
Oh sure an Indian restaurant sounds great…but knowing LIC, it’ll probably be one of those organic, no curry, no masala, non spicy Indian joint with a huge pointless mural outside–and the indoors will probably look like a metallic basement, with a picture of the Taj Mahal sprayed with Graffiti. …oh and theyll probably butcher the recipes of famous indian cuisines into stupid names like “No Butter Chicken Tikka” or the Vegan Paneer and Gluten Free Naan.