Brooklyn Heights Blog » city comptroller john liu http://brooklynheightsblog.com Dispatches from America's first suburb Fri, 03 May 2024 02:06:03 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 City Comptroller Auditing River Cafe Lease Paymentshttp://brooklynheightsblog.com/archives/26591 http://brooklynheightsblog.com/archives/26591#comments Tue, 15 Feb 2011 02:20:50 +0000 http://brooklynheightsblog.com/?p=26591 River Cafe owner “Buzzy” O’Keefe’s lease deal for the upscale restaurant is being examined by the City Comptroller in the wake of city auditors’ conclusion that O’Keefe’s other ritzy waterfront establishment, Water Club, on the Manhattan shore, had shortchanged the city by under-reporting cash sales.

New York Post: Comptoller John Liu today confirmed that he’s investigating the posh Brooklyn eatery on the East River at Fulton Landing – a week after his office released an audit suggesting its sister eatery in Manhattan may have stiffed city taxpayers on rent.

A Liu spokesman said auditors now plan “to look into” O’Keefe’s city lease to operate the River Café, which runs through 2025.

Unlike Water Club, which pays rent determined as a percentage of gross receipts, River Cafe’s lease pegs the rent, currently running at $6,177 a month, on assessed property values which, according to the Post article, result in a rental “well below DUMBO’s prime market rates.”

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