May 9, 2012 Staff Report
Even 99 cent stores are struggling to pay the rent.
Yesterday, Grand 99 Cent Store, located at 45-24 46th Street, closed its doors claiming it did not earn enough pennies each month to pay $17,000 in rent.
The owner of the store put a sign in the store window directing customers to her other location, 99 cent Paradise, at 42-06 Greenpoint Ave.
The owner of the two stores said the lease at Grand 99 Cent was coming to an end and that it was going to be raised beyond $17,000. “We figured it would be about $19,000 including real estate taxes,” she said.
Therefore, she decided to consolidate the two Sunnyside operations into the one location.