Bankruptcy Auction Scheduled for Turn-Key Manhattan Restaurant with Rooftop Terrace

The assets of an upscale Manhattan restaurant, formerly operated as Terrazza Toscana, are on the auction block. Marianne T. O’Toole, the Chapter 11 Trustee of the estate of 742 Terrace Corp. et al., is selling the estate’s interest in a long-term lease for the premises located at 742 Ninth Avenue, New York, NY 10019, along with all leasehold improvements and tangible personal property at the premises.

Located on the corner of 9th Avenue & 50th Street in the neighborhood known as Hell’s Kitchen, the premises are only one block from the C&E trains and a short walk from Broadway & Times Square. The unique space, which features three levels of dining, includes an open-air rooftop terrace, a comfortable main level dining room, a lower level wine room, and a modern kitchen.

The auction sale is scheduled for October 22, 2012 at 12:00 p.m. and will be conducted at 742 Ninth Avenue, New York, NY 10019. Parties interested in obtaining further information on the restaurant are encouraged to contact the retained auctioneer, David R. Maltz & Co. Inc., at (516) 349-7022 or through their website at