Legendary NYC restaurant long frequented by power players dodges eviction for $89K in unpaid rent

Legendary NYC restaurant long frequented by power players dodges eviction for $89K in unpaid rent

Gabriel’s Bar & Restaurant — a legendary haunt for power players like billionaire Warren Buffet, and Bill and Hillary Clinton since opening more than three decades ago — has just escaped eviction from its Central Park South home, The Post has learned.

Landlord Atco Properties & Management sought to oust the famous restaurant known for its upscale Northern Italian cuisine at the base of the ritzy 40 Central Park South rental building, and recover $88,246 in back rent and expenses, plus interest and legal fees. 

Although Atco said it “recently resolved all issues and are in the process of dismissing this action,” Gabriel’s — where the grilled filet mignon with Bordelaise goes for $89 — defaulted on its roughly $81,000 monthly rent plus nearly $6,000 for water services starting July 1, plus around $2,000 in a previously agreed-upon debt settlement agreement, according to a lawsuit filed in Manhattan Civil Court on July 31. 

The legendary Gabriel’s Bar and Restaurant faced eviction, according to a recently filed lawsuit. Gabriel’s Restaurant
Billionaire investor Warren Buffett (second from left) frequents Gabriel’s, where he posed with owner Gabriel Aiello, left. Gabriel’s Restaurant

For now, members of city high society will still have a place to dine and hobnob with their influential counterparts.

Known for private events and full restaurant buyouts — the eatery hosted more than 5,000 functions in its 23 years at the West 60th Street location, per Manhattan Sideways — Gabriel’s reportedly hosted former Mayor Michael Bloomberg every Thursday when he worked in the office.

Bloomberg apparently called Gabriel’s his “favorite eatery in the city.”

Bloomberg even held a historic first one-on-one dinner in 2011 with then-newly elected Gov. Andrew Cuomo at the restaurant, the New York Times reported, with the pols eating $25 fettucini and $35 yellowfin tuna steak, respectively.

Luminaries from CBS News’ “60 Minutes,” Mike Wallace, Ed Bradley, Bob Simon and Morley Safer, made Gabriel’s a regular hangout — and all four had their memorial dinners at the restaurant, according to West Side Rag.

In 2019, Gabriel Aiello’s Gabriel’s relocated from just off Columbus Circle into the ground floor and basement levels at 40 CPS, between Fifth and Sixth avenues, sharing an address with long-time fixture Sarabeth’s Central Park South.

Gabriel’s owner, Gabriel Aiello, has been known to greet patrons. Getty Images

But as Aiello — known for personally greeting guests — was building out the 4,600-square-foot dining room, COVID shut down the operation in March 2020, the West Side Rag reported, delaying Aiello’s planned spring grand opening. He still had staff, rent and construction tabs to pay so he “took out more loans and mortgaged his Hamptons house,” the publication said.

He soft launched the CPS location in summer 2021.

Court filings reveal that Gabriel’s entered into multiple rent-relief and lease modification agreements with ATCO between April 2021 and January 2025.

ATCO said it “recently resolved all issues and are in the process of dismissing this action,” via a spokesperson. Gabriel’s didn’t respond to an inquiry.

Lady Gaga lived in a penthouse unit at 40 Central Park South. Variety via Getty Images

Upstairs, there have been some famous residents including Lady Gaga living in a penthouse unit from around 2013 to 2017. The building was also formerly home to Lance Armstrong and Rod Stewart.

Monthly rents in the 23-story building, aka 41 W. 58th St.,  for available units start at $6,200 for a 740-square-foot one-bedroom unit and $13,200 for a 1,464-square-foot two-bedroom, two-bathroom pad, according to StreetEasy.

The 139-unit building has two attended lobbies, gym and locked elevator access, per StreetEasy.

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