A Manhattan townhouse co-owned by the estranged founders of Two Boots, a New York City chain of quirky pizzerias, is being shopped in bankruptcy to pay off more than $5 million in debt as the restaurant grows beyond its roots in the gentrifying neighborhood, the Wall Street Journal reported today. The five-story, 8,500-square-foot East Village residence, currently in chapter 11, has been the object of a court fight between former partners Phil Hartman and Doris Kornish, who filed for divorce in 2005. Real-estate broker Warburg Realty said that it intends to list the property for $10 million. A final sale would need to be approved by a judge. Two Boots isn’t directly affected by the bankruptcy, and Hartman said sales have been strong. Some business debt is attached to the property, though, including a loan taken out in 2013 that with fees and interest has increased to $2.3 million.
