Nathan’s Famous buyer sold property to city for twice the price
The buyer-turned-seller of a storied Nathan’s Famous made a pretty penny in the trade-off to the city’s School Construction Authority, according to city records.
The nearly 20,000-square-foot property at 650 86th St. — on the border of Bay Ridge and Dyker Heights — had been an outpost of the fast food giant for more than four decades. It was sold in October 2018 to “660 86 LLC,” which sources at the time said pointed to Efthimios Zisimopoulos, a.k.a. Tim Ziss, of Allied Properties.
An Agreement of Sale confirms Ziss’ affiliation, and a new deed for the property, dated June 25, shows that — while he paid approximately $12.25 million for the property — the SCA dished out about double.