April 23, 2014 By Christian Murray
The 99 cent store located at 42-06 Greenpoint Avenue is for sale.
The store, called 99 cent Paradise, is on the market for $300,000. The owner said that she is selling the business so she can tend to a sick relative in Bangladesh.
This sale would come just two years after the owner vacated Grand 99 Cent Store, another store she had that was located at 45-24 46th Street. At the time, the owner said the rent at that store was about to be raised to $17,000 and that it was too high. She said she wanted to focus on the 99 cent Paradise store.
However, the rent at 99 cent Paradise is not inexpensive. It costs $12,500 per month including tax.
The store is 5,600 sqf and includes a basement of the same size. The owner claims that the store makes about $70,000 in monthly sales.