![]() No portion of the proceeds were paid to the landlord, DeRaffele claims, and were “presumably retained” by the business. All furnishings and equipment, even HVAC systems, ceiling tiles “and seemingly any other property that could conceivably be taken out,” were removed and sold. Within months of closing the diner the building was gutted, according to DeRaffele. The greatest debt listed is $250,000 to Doukas for advances that he made to the business.Įven if Doukas still had a legitimate title to the building, DeRaffele claims, the building is not worth the $3 million that is claimed in bankruptcy schedules. What’s more, according to the landlord, Stacey is by far the largest creditor but bankruptcy schedules list the debt as disputed and the amount as unknown. ![]() Under the terms of the lease, Doukas had to surrender title to the building if he failed to cure a default, but has refused to do so. He says in an affidavit that Odyssey Diner owes Stacey $418,082: including $286,000 in rent and $132,082 in real estate taxes. While Doukas’ company owns the building, it does not own the land, instead renting from Stacey Realty Associates, New Rochelle.īut Philip DeRaffele of Stacey Realty, says the building automatically transferred to the landlord when Doukas defaulted on lease payments. Alternatively, he says, he would sell the building and reopen at another location. He planned to reopen quickly but various circumstances made that goal unfeasible.ĭoukas has applied for a Restaurant Revitalization Fund grant that he would use to reopen the diner. “For the most part,” the diner operated at a profit and paid its obligations, he says, but in March 2020 he shut it down because of government restrictions enacted in response to the Covid-19 pandemic. 30, declaring $3,000,348 in assets and $417,092 in liabilities.Įstiatorio’s owner, Konstantinos Doukas, says in an affidavit that his family has served wholesome family-style food for 50 years at 465 White Plains Road, Eastchester. Ltd., the company that operates the diner, petitioned U.S. Odyssey Diner, EastchesterĮstiatorio Ent. Odyssey Diner, a fixture in Eastchester for 50 years but dormant since the beginning of the Covid-19 pandemic, has filed for Chapter 11 bankruptcy protection is holding out the possibility of reopening.īut Odyssey’s landlord opposes those plans, alleging that the owner has gutted the building and sold assets without accounting for the funds.
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