The restaurant, a neon-lit fixture for close to a century, was handed over to creditors in late January after filing for bankruptcy (via EaterNY)
, will remain open during the sale, says Victor Moneypenny, a broker with MYC & Associates, the Staten Island real estate agency that’s executing the sale. The diner’s new owner will inherit its liquor license and a 30-year lease beginning on June 1, 2023, whose terms will be negotiated between the buyer and the landlord.
Open since 1928, Kellogg’s has become a pillar of after-hours eating in Brooklyn, a home for serviceable diner food where the busiest hours are often after 4 a.m. — when city bars are required to make last call. But behind the gleam of its stainless steel frame, court records show the restaurant was facing a darker reality, in which its owners had been struggling to make ends meet for years.
Irene Siderakis, the diner’s most recent owner, took over the business from its previous owner, her husband Chris Siderakis, who unexpectedly died in 2018. “I had no idea how to run a diner or if I could,” she toldin 2021. “I had to make a choice: sell the diner or learn the business on my own and show my boys we can do this and persevere.”
By August 2021, Kellogg’s owed creditors at least $750,000 in unpaid expenses, ranging from utility bills and legal fees from a to almost $300,000 in unpaid rent, according to court records. That month, Siderakis filed for Chapter 11 bankruptcy, a financial option that allows businesses to remain open, sometimes under the same owners, in order to restructure and become profitable.
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