international

Norodny International Food Store closed up shop at 1703 Sheepshead Bay Road earlier this month, leaving yet another storefront on the commercial corridor empty.

The store was open for about seven months, having started business in May and replacing a florist that closed after Superstorm Sandy.

We were told by a fellow business owner that the business had trouble attracting customers and meeting high rent. It joins Luv My Vision and J’Adore Paris, two more Sheepshead Bay Road shops that closed down this month, while a third, Salon Evolution, announced it will move off the strip to an Emmons Avenue location next month.

Good luck to its owners on their future endeavors.

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  • BrooklynBus

    I don’t think I have ever seen a commercial strip with a greater turnover than Sheepshead Bay Road.

    • bruce b

      It’s because of the dangerous driving…. I’m just kidding.

  • sadeyes

    The rents are too damn high. Seriously.

    • Yoytu

      Not only are the rents too high but the right kind of stores are not opening up there. I’m sure there will be a few more closing.

      • common_sense

        what do u think would be the right kind?

    • NYC Cit

      The prices for rent like mostly everything else are dictated by the market. This is what happens when one group that controls SB Road and monopolized the commercial real estate here tries to raise the prices beyond what the market would bear. Stores are closing, businesses are moving out. You will see that prices will eventually come down or the storefronts will remain empty. This is free market at work.

      • sadeyes

        Are landlords offered any tax breaks if their rental properties are vacant? Can they claim any kind of tax relief for unoccupied storefronts?

        • NYC Cit

          Just like with any other business if your rental property is costing you money to keep and maintain but doesn’t bring a profit you can deduct a part of the loss I assume.

          • sadeyes

            If these tax breaks, deductions, etc. are part of the “Free Market” that gives no incentives to landlords to lower the rent. In fact, this practice discourages free market by disallowing opportunities to a business that can start-up & perhaps thrive. It puts a beginner at a great disadvantage. I contend this Free Market tax break is actually harmful to capitalism by denying “new blood”. It is socialism for the landlord class. It pays a landlord to keep his property empty while waiting for the rent s(he) desires, not the rent that is the actual worth of the property.

          • NYC Cit

            Not exactly true. You get a tax break, meaning you made $10 and instead of paying $3 in taxes you’re paying $2 in taxes to offset the loss of additional income. Nobody pays the landlord anything to keep the property vacant, in reality they are loosing more money by not lowering the rents than they will gain by holding out and hoping to find a tenant that would agree to pay the higher price. And with vacancies on the rise they will never find that tenant until all of the over comparable lower priced places are rented out. Supply and demand in play again. This is the loosing proposition for the landlord if he thinks that keeping the property empty and cashing in on the tax break will help him somehow, it doesn’t, the tax break isn’t nearly as big as you think. Same can be sad for any other business that’s loosing money. They wouldn’t last long if they choose to take a loss and deduct that from the earnings for any significant amount of time, next year there will be nothing to deduct from and all you will have are expenses.

          • sadeyes

            Thank you for your explanation.

        • bruce b

          I always wondered how landlords can tolerate empty storefronts, why they wouldn’t rather lower the rent to get a tenant.
          Now, I’m not sure if this is true, it was told to me by a single person, but I was told if the place is vacant for two years, that the owner gets some sort of huge tax break. Just passing along hear-say information, maybe somebody knows if this is true or not

        • Local Broker

          Short answer is yes. In the real world real estate goes up in value every year on average. In the tax world buildings themselves always lose value which is what you can write off. So even if a commercial property is making a profit for a landlord he can still write off the depreciation of his building along with any improvements that have been made. The only thing that goes up in value in the tax world is the land itself not the building. Again this is the short version.

  • KB

    There are too many of these little “International” food stores around. Their definition of international is really just Russian. Yes, the local population is mostly Russian, but those food needs are beyond filled, and people can appreciate flavors beyond their own ethnic background. How about some truly international groceries and restaurants that reflect Latin, Mediterranean and Asian flavors too?

  • cabbie

    Perhaps it did not succeed due to that friggin’ ugly sign. I can’t even look at it, let alone walk in there. Most of these new business owners have taste up their tuches!