The Home of Red Sauce Legend Rao's Is on the Market for $10.5 Million

The building that houses Rao's — New York's toughest restaurant to get into — just went on the market for $10.48 million, and no one is quite sure why. The building has been owned by the Rao's family for decades, notes the Daily News, which broke the story. Upstairs there are 22 condos, and those seem to be what's on the market here, not the restaurant itself. The listing says this is a "once in a lifetime opportunity to own a building anchored by an institution," so it looks like Rao's is safe. Construction upstairs, however, could cause some problems for the legendary mob and celebrity haunt, forcing a temporary closure somewhere down the line. But, Rao's has been serving sauce since 1896, so it's got some serious staying power.