Real Estate

Landlord Of Former Garfield Farm Market Looking For “Mom And Pop Type” Replacement

Apple Tree Garfield Farm Market frawing
A lot of people have been asking about what business might move in next at 156 7th Avenue, on the corner of Garfield, where Garfield Farm Market most recently stood (or, for all of you who’ve been around a while might know it as, Apple Tree). Well, it’s currently available to rent, and real estate agent James Nilsen of Open House Management tells us that both he and the landlord, Joung Sik Tak, are hoping to find a business that can satisfy the needs of the community without “corroding the feel of the neighborhood.”

The store is about 2,100 square feet including a basement, and they’ll consider “any and all financially sound tenants that will meet our desired terms,” Nislen says — which means anything from a restaurant to another grocery store. Those terms are: a rent of $17,500 per month plus utilities, with a 3% increase each year, three free months to allow for renovation, and the tenant must pay 35% of the property tax, which is about $11,000 per year.

We recently took a look at the numerous vacant storefronts along 7th Avenue, and this now tops the list as the highest priced space available. Still, it’s about in line with the price-per-square-foot seen along the strip. And apparently they don’t want it to stay empty for long.

“I know a lot of stores are sitting vacant right now in the area, and we do not want that for our space,” Nilsen says, adding that he lives in the neighborhood, and that Tak and his family have owned the space since 1986, and “genuinely care about the community.”

He says they understand the community would prefer “a Mom and Pop type store,” and he hopes they can find someone that fits that need.

“I just want to get the word out to the community now that this is what we want, and hopefully a local business will find it worthwhile for themselves to takeover the space,” he says. “I would rather satisfy the people than hand the keys over to a corporate entity, but if I cannot find what it’s worth within the community, then I will no longer have pull on who takes the space.”

If you’ve got a business that might be the right fit, call Nilsen at 718-954-2051 for more info.

And for everyone else, what kind of business are you hoping to see here?

Property drawing via Joung Sik Tak

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  1. There was a Mom and Pop store in there already. I cant see how an earth anyone can bring that type of business into that space given the rent and other expenses.
    It will be empty for a while…

  2. What mom and pop store is going to generate $2 million a year/ $5,500 a day in sales to support that type of rent?

  3. I don’t know how many feel similarly, but I’m fairly distraught over what has happened (and is happening) in our neighborhood. It’s bad enough that there’s an empty storefront on nearly every block––a situation that lends a rather depressing, ghost-town-type atmosphere to our commercial streets; worse is the fact that when a new business finally rolls in, it’s utterly useless. How many frozen yogurt places do we actually need in a five-block radius? And what does it mean to live in one of the most vibrant cities in the world, if you can’t get a decent slice of pizza without walking the better part of a mile? And maybe I’m alone in this, but waxing is at best an occasional activity; the dry cleaner that preceded the European waxing salon, on the other hand, provided a vital service to me weekly. I applaud Tak and his family for their desire to maintain “the feel of the neighborhood;” but otherwise, I’m feeling pretty bitter about the property owners around here.

  4. I want a local mom and pop – and in the case they can’t afford this ridiculous rent then I just want to support my boat/condo/drug/purse/shoe habit and get a second Starbucks on that block.

  5. It’s completely devastating to the point that I don’t really feel the same about the neighborhood anymore (which I used to love). We have decided to leave the neighborhood permanently for something that feels more alive and interesting. I agree with everything you’ve said. There are 10 empty spaces on 7th Avenue within 4 blocks of the North Slope. How is that possible in a robust economy like NYC and with such surrounding affluence? Answer: landlord greed. It’s ruining the city.

  6. Just to clarify: $17,500 times 12 is $210,000 per year in rent. Not 2 million. Still a HUGE sum of money, but I do like facts.

  7. Surely you don’t run a business just to pay the rent, right? You like to make an income, pay employees, benefits, buy product, etc? He’s assuming 1/8th of your gross income to be rent/location-related. Not unrealistic.

  8. The problem is not the property owners, it’s the value of the properties in Park Slope and the rent store owners must pay to use these properties. Park Slope is considered a historic district, as a result many of it’s buildings are trophy properties. Unlike most properties, the premium price of trophy properties creates unrealistic rent for the commercial space within these properties. The Tak family noble gesture to offer space to family style business doesn’t make the the $20,000 a month expense any cheaper. When you add the buildup expense, cost of equipment and inventory most family businesses are priced out. No easy fix just the reality of commercial real estate in Park Slope in 2014.

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