Jewel Bako Owner Slashes Townhouse Price    10/26/05

Across Manhattan, there’s been a significant price drop on a notable East Village establishment. The three-story building that houses Jack’s Luxury Oyster Bar, owned by restaurateurs Jack and Grace Lamb, is now on the market for $1 million less than just three months ago.

 In July, the restaurant/personal residence came on the market with a $3.5 million price tag, listed with the brokerage firm William B. May. The townhouse is currently being offered for $2.5 million through Tatiana Cames of the Corcoran Group. Ms. Cames declined to comment.

 The couple lives above the 24-seat restaurant, and Mr. Lamb would often be seen racing between the oyster bar and the couple’s sushi restaurant, Jewel Bako, which is located across the street.

 Considering that an award-winning restaurant is located below, it seems fitting that the personal residence includes a remarkable chef’s kitchen, complete with a Diva de Provence stove and Sub-Zero refrigerator. In addition, the master bedroom includes a wood-burning fireplace.

 Whoever buys the property will have the option of utilizing that downstairs space for commercial purposes or converting the entire building into a single-family home.

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303Eckford2

303 Eckford Street

6 beds

3 baths

$3,050,000

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