Interested in buying the famous Claudio’s restaurant in Greenport? Better decide soon: the bid deadline of July 31 is fast approaching.
New York City real estate firm Cushman and Wakefield is accepting offers for the property — which is projected to generate $7.7 million in revenues in 2015, according to the listing’s portfolio document — until next Saturday.
Guthrie Garvin, executive director with Cushman and Wakefield’s Forest Hills office, said on Friday that he couldn’t disclose the number of bids received so far. But he said there has been “pretty steady interest. The process is active so far.”
The Claudio family announced in January that they are selling their two-acre waterfront property, which includes the namesake Claudio’s as well as Crabby Jerry’s and Claudio’s Clam Bar.
“I’m 76 years old and I think it may be time to retire,” co-owner Bill Claudio told northforker.com in January. “If it happens, it happens.”
In addition to its existing assets, the property allows for up to 50,000 square feet of additional construction without disturbing the current restaurants, so long as owners acquire village approval, according to the portfolio.
The Claudios have owned the restaurant since 1870, making it the longest continually owned family restaurant in the United States. Though it is unclear what a bid could entail, Mr. Claudio said in January he expects new owners to keep the restaurant close to the same.
“They are not going to want to change anything that we’ve been so successful at for 145 years,” he said. “They are going to want to see how we do it, learn how we do it.”
We’ll see who “they” are soon enough.