Today’s news:

Irish Circle site up for auction

A bankruptcy judge has ordered the Irish Circle Tavern to be put on the auction block. Photo by Steven Schnibbe
TimesLedger Newspapers

The Rockaway Beach home of the nearly 20-year-old Irish Circle Tavern is on the auction block after its owner failed to make payments ordered by a bankruptcy court.

Massey Knakal Realty has been retained to market the two-story, 9,500-square-foot building at the corner of Rockaway Beach Boulevard and Beach 102nd Street that has been home to the Irish Circle since 1995.

The restaurant is a staple in the Rockaway community and it was not clear whether or not the business would remain after the building is sold off.

Tommy Lin, sales director in Massey Knakal’s Queens office, said the bar will have to work out a deal with the next owner.

“Whoever wins the property will have to negotiate a new lease,” he said.

The tavern and its building are owned under separate entities by restaurateur Jerry Perich, who filed for Chapter 11 bankruptcy protection in August 2013. Perich could not be immediately reached for comment.

The real estate side of the business, J Realty F Rockaway LTD., listed assets of $1.4 million and liabilities of $3.5 million, $3 million of which was owed to the company’s largest creditor, New York Commercial Bank.

In court documents the bank’s lawyer said the tavern had been in arrears on its $15,000-a-month rent for close to two years when the lender commenced a foreclosure action in November 2011.

It was the latest blow to the business that had suffered with the demise of Off-Track Betting in 2010. Perich had a bookmaking booth in his restaurant that was doing so well he renovated the dining room in 2002, but when OTB folded the tavern took a hit.

“As a result, the [tavern’s] business dropped significantly, although the [tavern] attempted to try to come up and get its revenues back up to normal, up to, you know, a reasonable level. It was unable to pay its expenses as they came due,” Kavneet Singh Sethi, Perich’s lawyer, said at a bankruptcy hearing in November, according to the transcript.

Perich at the time was dealing with the recession and an acrimonious split with his business partner, who sued to freeze the tavern’s revenues.

As of February the realty company was owed more than $282,000 in rent from the tavern as well as two residential and one commercial tenant in the building, according to the bank’s attorney.

The bankruptcy court in November ordered the realty company to begin making monthly payments of $9,271.88 to the bank and to pay off its water and property tax bills, but when the company came up short the court ordered the building put up for auction in February.

Assemblyman Phil Goldfeder (D-Rockaway Beach) said he always enjoyed visiting the Irish Circle and hoped the ownership could find a way to stay in the community after the sale.

“I’ve been in there a considerable amount of time and it was always a good crowd,” he said. “I hope they can work something out to make sure they’re around for a long time to come.”

As of Wednesday, Massey Knakal said it had not taken anyone to tour the building, but it had received about three or four inquiries about the property. Bids are due April 17 in what is known as a 363 sale, in which a base price is set by a “stalking horse” bidder who receives up to 3 percent of the initial offer if he or she is outbid.

If no qualified bids are made, the bank will own the property and credit Perich’s realty business for $1.6 million.

Reach reporter Rich Bockmann by e-mail at rbockmann@cnglocal.com or by phone at 718-260-4574.

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Reader Feedback

Kenny Greene from Rockaway says:
Hey Jerry karma is something
March 21, 11:54 am
Cyndi from Queens Village says:
I am sure it has been there since before 1995.
March 21, 8 pm
Jerry from Perich says:
Jerry is and always will be a morally bankrupt human being. And now he is financially as well.
March 22, 1:29 am
Ray Mac Dowell from East Quogue says:
I grew up in the Rockaways and the Irish Circle was there in the early 1950s. I worked on an ice truck and delivered ice to all the bars in the Rockaways. Those were the good ole days.
March 22, 9:30 am
Lou Romas from Rockaway Beach says:
The Irish circle is a landmark in Rockaway Been in business for 100 years or more is a place Where our parents and our children hang out To have a Couple Of sociables and talk story of the past and the future and for all those who want to see it The collapse Of this place should look in the mirror and check themselves And just move on with their own life And stop wishing bad things on Someone Who is trying to make a business work in this community!!!
March 24, 11:07 am
eddie ed from baytowers says:
I used to stop by for a hennesey every now and again. The women were fine! They was even havin a hammels houses rap nite on saturdays. Now its all ova. Tip a 40 to my Irish circle brothas!
March 28, 10:35 pm
Paul Kelly from Roxbury says:
Hey Lou, what language is that?
March 29, 1 am
Duougie Booth from rockaway park says:
I used to work the parking lot for 2 bucks an hour!
March 29, 1:03 am
john seabury from rockaway park says:
My old room upstairs proably still smells like feet and ass!
March 29, 1:06 am
Billy Setters sr from Rockaway park says:
The owners used to pay me to drink there. Word gets around when a man of my status frequents a joint!
March 29, 1:46 am
Paul kelly from roxbury says:
The place lost a lot when the Friday brothers went back to the reservation. Word has it Kenny Kerrigan and Peppy are taking over. Get the F*** out of here!
March 29, 1:50 am
whispers from dayton says:
I made a lot of money out ot that biatch! Thanks Jerry!
March 29, 2:03 am
larry brady from rockaway park says:
Frankie and Louie are still scraping me of the walls of my old room!
March 29, 2:22 am
truck flynn from garden city says:
Blue horseshoe loves Endicott steel.
March 29, 4:44 pm
hank from heaven says:
No hipsters are allowed to buy this bar!!!
March 29, 9:10 pm
former employee from queens says:
In its heyday one of the best bars in queens! Good people and good times!
March 29, 11:44 pm
Smokey from Howard Beach says:
Thank God i meet my wife before the sh*t hit the fan!!!
April 5, 8:20 pm
Corey Chetrich from Williamsburg says:
My friends and I are thinking of opening a ceviche bar with shuffleboard here. We love the Far Rockaways!
April 7, 5:25 pm
Ronnie G from Belle Harbor says:
No hipsters need apply
April 10, 1:47 pm
Henry Hill from Ozone Park says:
Sounds like a bust out to me!
April 11, 6:09 pm
Jon Taffer from Bar Rescue says:
Not even I could help!
April 14, 1:37 pm
265 from Dtp says:
Jerry took my Dj shifts away. 265
April 17, 3:50 pm
lenny Friedman from surfside says:
I still wear my Irish Circle staff shirt. Stole whispers laundry one time and that was in the laundry bag!
April 18, 5:59 pm
Socojoe from rikers island says:
I will miss packing the beaks of all the management
May 4, 3:41 pm
pattyboy from rockaway says:
I will miss shaking down Jerry for money. He always paid up
May 4, 4:03 pm
Bill Dickesheid from Rockaway Park says:
My Favorite IRISH CIRCLE was the pre-1995 one. The Post 1995 IRISH CIRCLE {renovated & a SPORTSBAR} had tremendous potential, that was never acted upon. YES, The Community will miss this family friendly Bar Restaurant, and we hope all of the great bartenders, and waitresses find new employment.Lets hope the highest bidder also has a family style Bar/Restaurant in mind.
May 27, 2:06 pm
Jaime Pimentel from Canarsie Brooklyn NY says:
Thanks to that jerk off Govenor Cuomo he shut down OTB because of him Irish Circle took a biggest hit because of him he should have never taken office never went to this place I wanted to go there now because of the Govenor now I will never try it.
June 16, 3:48 pm
Paul E. Powell from Valley Stream, NY says:
The Irish Circle will be missed. I'll always remember the
after five day crowd. The salt of the earth. You work, you drink.
June 23, 10:11 am

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