Upper East Side Italian staple, Centolire, recently made news suggesting that the restaurant will auction off its assets in order to pay back the mortgagee who is seeking unpaid debt , according to Grub Street. This auction, which features nearly every asset Centolire possesses, including its china, refrigerator and even elevator, valued at over $300,000, augments a troublesome past few months for Pino Luongo’s delectable Italian eatery known for its sumptuous pasta’s and famous Caesar Salad.
(Photo Courtesy: ASM Auctioneers)
Dubious financial times emerged at the beginning of January when a federal Marshall seized the restaurants doors for failure to pay its taxes. Although the restaurant appeared to temporarily address the problem, an unappealing, and “for rent” sign was placed under the name. While employees at the restaurant recently contended that despite the sign, the “restaurant was engaged in a dispute with the landlord, which would be resolved soon” the fact that Luongo’s space is up for auction suggests that it is only a matter of time before one of the Upper East Side’s jewel’s will be closed for good. For more information on the auction, please refer to ASM Auctioneers’ listing.
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