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Former Riccardo’s by the Bridge Site Sells for $6.4 Million, Residential Development Likely

The property that was the long-time home of Riccardo’s by the Bridge has sold (Photo: Christina Santucci)

Jan. 12, 2021 By Christina Santucci

The site of the famed Astoria catering hall Riccardo’s by the Bridge has been sold for $6.4 million, according to Alexander Pereira, a real estate broker with Douglas Elliman.

The deal closed on Dec. 30, Pereira said, less than three months since the banquet hall shut down.

“It was probably one of the fastest land deals I have ever done–30 days,” Pereira, who brokered the deal, said.

The name of the buyer of the property, located at 21-01 24th Avenue, has not yet been announced. Public records of the transaction are not yet available.

However, the new owner also purchased a much smaller adjacent site at 23-91 21st Street, which had previously been used as the kitchen for Riccardo’s.

The buyer hopes to develop both parcels as a residential and retail development, Pereira said. The 24th Avenue lot is approximately 13,000 square feet, while the smaller 21st Street property is about 2,600 square feet.

“The location is incredible. The development will have views of the bridge. Obviously, it’s very close to the waterfront and Astoria Park,” Pereira said.

A listing on Douglas Elliman’s site advertised the 21-01 24th Ave. property as having nearly 26,000 buildable square feet and “ripe for condo or rental development.”

“It was an incredible experience working on this particular property,” Pereira said. “Obviously it’s a historic site with a lot of history.”

In September, Anthony Corbisiero, president of Riccardo’s by the Bridge, posted a note on the catering hall’s website and social media announcing the hall’s closure.

Founded by Richard Corbisiero, Sr., in 1951, Riccardo’s had been a fixture in the neighborhood for decades and family-owned throughout its nearly 70-year run.

Legendary crooner Tony Bennett once worked as a singing waiter at Riccardo’s, according to its site.

“This decision [to close] has been extremely difficult to make, and is solely due to the various impacts of the COVID pandemic; if it were up to us we would cater your special events forever,” Anthony Corbisiero wrote in his note, entitled “Thanks for the Memories.”

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10 Comments

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Helen

They should convert it into a food bank or vaccination site before they rebuilt. Its a big space and right by the park which many people visit.

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Elaine Hernandez

So sad. All my children had their wedding receptions there, my parents 50 anniversary party and the Ravenswood Lions their monthly meetings. Remember when it was a restaurant before it became all catering.

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Eileen Doherty

Thank the Corbisiero family for all the wonderful times there. The last was my daughter’s incredible Sweet 16 in August 2016. Best it could be and my grandmas 75th in1979. There were more than I can name. Thanks for wonderful memories

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Jessie Rizzo

So sorry to see this close forever. My mom Lora Rizzo was a hat check lady and my pop Joe Rizzo w a s a parking attendant. The Corbisiero family were the nicest, kindness family ever. They treated us like family. It saddens me to see this place gone😢. To add…..my sister Do r is and I got married here and I had my bridal shower here. Greatest memories ever!!

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Jessie Rizzo

So sorry to see this close forever. My mom Lora Rizzo was a hat check lady and my pop Joe Rizzo w a s a parking attendant. The Corbisiero family were the nicest, kindness family ever. They treated us like family. It saddens me to see this place gone😢

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Anonymous

they sold this awhile ago but kept it hidden then the virus came and they knew it was the right time for them to put up an announcement that they would be closing they knew they would be selling look out what might be there – they all lie thru their teeth.

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Claire

Such a shane but i am not surprised. This place catered to many people of color. There is no way we will allow them to turn this place into luxury apartments for rich white folks.

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Eliana

If Caban wins she will certainly have a lot to say about what can be built there. Maybe truly affordable housing, homeless shelter or community jail.

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Dystopia

Adios to a piece of Astoria history and character.

Hello another ugly, oversized building.

Also known as a lose-lose situation.

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