Friday, February 1, 2008

Store Closings February 1 edition.

5th Avenue Electronics a fixture on 5th Avenue and 52nd street for some time appears to be ready to pack it in. One of the owners I spoke to told me they could not afford the $21,000 monthly rent and a dropoff in business just didn't make the operation viable anymore. They are unsure at this moment if they will open anywhere else. The demographic changes and nature of the clientele has hit many businesses along 5th Avenue that in other times and with cheaper rents were viable. It remains to be seen who will take their place and what type of business it will be.

[where: 11232]
[where: 11220]
[where: 11215]

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