I believe there is now a new owner and it has been renamed Tony's Family Restaurant. I have only been there a couple of times but I have to say that the food was delicious and the prices great! The service seemed a little better than when it was Grace's.
I really enjoy their breakfast! They make a mean egg white omelette!! I recommend Egg white with Spinach, swiss cheese and onions..with hash browns..oh yummmm. Food is very close to true Jersey diner food!
I would love to see them remodel..I'm not a big fan of the OLD family restaurants that look like they've been in the same family since 1942 with no changes to the decor. Maybe they will do that next. Hint hint.
Overall, awesome for what it is!