Grotto on Forsyth is Closed, Listed for Sale
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Grotto opened more than ten years ago, seizing the sub-level space at 100B Forsyth Street, and serving up classic Italian fair. Their eatery quickly gained favor with both locals and outsiders. Now, to put it bluntly, their number was called. It appears the crew is looking to sell the business.
On Wednesday afternoon, the last full day of service at Grotto, a real estate listing surfaced on Craigslist for the assets. Here are the vitals:
Fully build out, equipped and operating restaurant available
Inside seating 75
Outside Seating 95
10 year lease
$10,000 per month
Full Liquor license
Key money is not listed, so you’ll have to contact management…
News of the sale and closure is rather timely. After all, it arrives just weeks after Louie & Chan opened its doors around the corner on Broome Street. Grotto principal David Wiesner is actually behind this Italian restaurant/club concept, which uses a hokey (nay, phony) history to sell its image. A lot of money went into that venture…