Restaurant Associates Industries Incsaid it expects to record a pretax gain of 3.3 mln dlrs in the
first quarter from the sale and lease of real estate.
    The company said it received a 2.5 mln dlrs partial payment
in connection with the sale of property in Manhattan and an
additional one mln dlrs for early termination of the lease for
its headquarters, which was relocated in February.
    The outstanding balance of about 8.5 mln dlrs on the sale
of the property will be paid at closing scheduled for Sept 28,
1987, it said.
    In the first quarter ended March 31, 1986, Restaurant
Associates reported net income of 313,000 dlrs or seven cts a
share on sales of 40.8 mln dlrs.
 Reuter
