Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                          Date of Report: July 13, 2005
                        (Date of earliest event reported)

                              NATHAN'S FAMOUS, INC.
             (Exact Name of Registrant as Specified in its Charter)

      Delaware                       1-3189                     11-3166443
(State of Incorporation)          (Commission                (I.R.S. Employer
                                  File Number)               Identification No.)

1400 Old Country Road, Westbury, New York                         11590
(Address of Principal Executive Offices)                       (Zip Code)

Registrant's telephone number including area code            (516) 338-8500

          (Former name or former address, if changed since last report.)

Item 2.01.        Completion of Acquisition or Disposition of Assets.

     On July 13,  2005,  pursuant to a purchase  and sale  agreement  (the "Real
Estate Agreement") dated as of February 23, 2005 among Nathan's Famous Operating
Corp.  ("Operating  Corp."), a wholly-owned  subsidiary of Nathan's Famous, Inc.
and Thor Realty,  LLC, Operating Corp sold to 1319 Bowery Realty, LLC ("Buyer"),
as assignee  of Thor  Realty LLC,  all of  Operating  Corp.'s  right,  title and
interest in and to a vacant real estate parcel located in Brooklyn, New York, in
exchange  for a payment of  $3,100,000.  Pursuant to the Real Estate  Agreement,
Operating  Corp.  caused its  affiliate,  Namasil  Realty Corp. to enter into an
agreement  (the "Lease  Agreement")  pursuant to which an affiliate of Buyer has
assumed all the rights and obligations of Namasil as tenant under a lease for an
adjacent  property  and has agreed to pay  $500,000 to  Operating  Corp.  over a
period of up to 3 years, $100,000 of which was paid.

     There is no material  relationship  between the  Registrant  and any of its
affiliates and the Buyer, other than in respect of the Real Estate Agreement and
the Lease Agreement.


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunder duly authorized.

                                  NATHAN'S FAMOUS, INC.

                                  By:  /s/Ronald DeVos
                                  Ronald DeVos
                                  Vice-President Finance and 
                                  Chief Financial Officer 
                                  (Principal Financial and Accounting Officer)

Dated:  July 15, 2005