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Rent Is For Suckers! Restaurateurs are Buying Instead of Renting

28seventhAveS
28 Seventh Ave South, from an old Elliman listing

When chef Galen Zamarra, his business partner Eric Blinderman and their eight other investors opened Mas (farmhouse) at 39 Downing Street in 2004 they held a 10-year lease with no renewal option. And that was fine.

“Ten years seems like the end of time when you’re 24,” said Mr. Blinderman, referring to the then-age of many of the owners. “But in the course of a business it’s a blink of an eye.”

Read complete story on CommercialObserver.com: Rent Is For Suckers! Restaurateurs are Buying Instead of Renting

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