Nightmare on Bedford: Sabatiello's restaurant has closed its doors

National television exposure could not save a financially challenged Stamford restaurant.

[Cos Cob mom]

Try looking in Riverside. There is a new tenant (Sabatiello's Pizza) next to Yangtze takeout on the Post Road (across and same side as St. Catherine's church). The location is tough - hardly any parking out front. Shares spots with laundramat, dry cleaners and aquarium store.

[Townie]

Cos Cob mom wrote:

Try looking in Riverside. There is a new tenant (Sabatiello's Pizza) next to Yangtze takeout on the Post Road (across and same side as St. Catherine's church). The location is tough - hardly any parking out front. Shares spots with laundramat, dry cleaners and aquarium store.

There is plenty of parking in the back and a rear entrance. When he was in Cos Cob the food was great, I looking forward to trying it again.

[LVTfan]

I looked at the city's assessment data, and assume that the building we're talking about is call 245 Bedford Street in the files. A little bit of looking suggests to me that "triple net" leases seem to be the norm. Wikipedia defines it this way:

"The net lease requires the tenant to pay, in addition to the fixed rent, some or all of the property expenses which normally would be paid by the property owner (known as the "landlord" or "lessor"). These include expenses such as real estate taxes, insurance, maintenance, repairs, utilities and other items."

So the $100,000 rent the landlord seeks actually costs the tenant $100,000 plus the annual property tax of $26,350, plus another 6% to the DSSD, plus all the other costs.

What the landlord is offering here is a 1929 building on a prime site. In order to go into business, the tenant must pay the landlord $100,000 for a year's occupancy, and then pay Stamford another $26,350 and DSSD 6% of that amount (I'm drawing on memory here).

The landlord provides .... what? An old building, in a nice location. Cash cow for the landlord. A challenge for the tenant.

Landlords grow rich in their sleep.

According to the tax records, this property hasn't changed hands since 1946. What an annuity.

The building depreciates -- probably was written off years ago. The site appreciates, because of OUR investment in Stamford. Who benefits? The landlord.

What a way to do things!

No wonder we're short on housing.

[KAL]

Great location. Sports bar would work.

[Frijoles]

LVTfan wrote:

The landlord provides .... what? An old building, in a nice location. Cash cow for the landlord. A challenge for the tenant.
Landlords grow rich in their sleep.
According to the tax records, this property hasn't changed hands since 1946. What an annuity.
The building depreciates -- probably was written off years ago. The site appreciates, because of OUR investment in Stamford. Who benefits? The landlord.
What a way to do things!
No wonder we're short on housing.

They may be so, but the fact remains that Bedford Street is one of the last streets (or IS the last street) in downtown that still has architectural character. The Art Deco facades are gorgeous.

[anon]

I would NEVER eat at ANY establishment owned by Sabatiello!!!
Hope that guy gets back his deposit on the Holiday party that Sammy ran off with!

[Kevin Smith]

Well, that's unfortunate.

Not.

[Jimmie T]

Frijoles wrote:

<quoted text>
They may be so, but the fact remains that Bedford Street is one of the last streets (or IS the last street) in downtown that still has architectural character. The Art Deco facades are gorgeous.

What Art Deco facades? I never seen no art deco on Bedford St

[Vox Pop]

Jimmie T wrote:

<quoted text>
What Art Deco facades? I never seen no art deco on Bedford St

Look again.

[DizzyNYC]

I do agree the rent on Bedford Street is expensive. I doubt anyone will touch that space until the price comes down. Look at the vacant Sports Bar on Bedford.

[Stamford Resident]

There is a great sports bar on Bedford Street already: Bradford's Grill!

Best Wings around!!!

[DizzyNYC]

I haven't been to Stamford in a while, but isn't there an empty building between 142 and 154 Bedford st. A huge tavern? Also, wasnt there a small food market store there as well. Also what happened to Peter's Clothiers? Now these all may be unrelated closings, but I think in order to put business back on Bedford there needs to better terms for tenants.

[disagree]

get real-
fireside had better wings
now they are all well done though.

[maddyj]

anyone who know this guy knows he has issues what a creep

[LOL]

disagree wrote:

get real-
fireside had better wings
now they are all well done though.

maybe you could still get firesides' wings if they did not burn the place down!

[Vox Pop]

DizzyNYC wrote:

I haven't been to Stamford in a while, but isn't there an empty building between 142 and 154 Bedford st. A huge tavern? Also, wasnt there a small food market store there as well. Also what happened to Peter's Clothiers? Now these all may be unrelated closings, but I think in order to put business back on Bedford there needs to better terms for tenants.

That little deli/grocery was the best thing to happen on Bedford Street in years. I miss it.

Looks like landlords are waiting to make a killing.
There are a lot of empty storefronts.

[The Meatball]

Townie wrote:

<quoted text>
There is plenty of parking in the back and a rear entrance. When he was in Cos Cob the food was great, I looking forward to trying it again.

Is that you Sammy shilling for your new place? Just remember no matter how good the food is nobody wants to be bothered by a blabbering blowhard while they're ordering food under the guise of "just doing my job." A dim witted ape like you should take the mortadella out of your 4ss, stick it in your mouth and STFU. IDIOTA!!!

P.S. Give the guy back his money, crook!

[Frijoles]

Jimmie T wrote:

<quoted text>
What Art Deco facades? I never seen no art deco on Bedford St

Look up. They really are pretty once you notice. I didnt notice for my first 30 years. then one day I did look up and.....

[Past Mistakes]

Watch Sammy on Fox's Kitchen Nightmares:
http://beta.sling.com/video/show/82853/36/Sab... No wonder he closed - he says he's 1 million in debt - doesn't look like anyone will be getting any deposits soon! I wonder if he'll change his attitude after this show aired....

[Stamford Resident]

disagree wrote:

get real-
fireside had better wings
now they are all well done though.

Sorry - Bradford's wings are the best.

Fireside had too much drama, bad apples and bad karma. If they didn't torch it, who did?