[Photo from April 21 by Williams Klayer]
The listing for Kim's arrived at Streeteasy yesterday... and it's doozy:
124 First Avenue between 7th and 8th Streets Store 1820 SF approximately- plus basement storage / office East side of 1st Avenue Ideal for Bank, 711, Starbucks, Cafe, Deli, Bakery ASKING $16,500 month Security 4 months Lease term 5 to 10 years.
As we first reported on April 21, Kim's Video and Music is closing.
In a letter to Kim's patrons, management wrote:
The point is, and you should be aware, that we are NOT closing because record stores are dying, business is bad, it's not like it used to be and oh terrible world. Not at all. The actual reason for our closing is that the lease is up in July and the rent is being raised to an amount we simply can't work with.
The space was previously home to the great Kurowycky Meat Products, which closed in the summer of 2007. The Kurowycky family still owns the building... and a reliable source tells us that a family member who now lives in the South is calling the shots on the rent.
Previously on EV Grieve:
[Updated] A really bad sign outside Kim's Video & Music on First Avenue (31 comments)
Source: Kim's staff looking for ways to save their store
More about the closure of Kim's: 'We are NOT closing because record stores are dying'