New York City is losing another icon. H&H Bagels is shutting down after 39 years in business on the corner of 80th Street and Broadway. The reasons include rising costs of everything, including wheat and rent, and the owner’s tax troubles.
It is unclear whether the H&H bakery and store on 46th St. and 12th Avenue, at the Hudson River, will remain open, or if H&H will go out of business entirely. This could be a big bagel deal, since H&H supplies bagels for many restaurants and grocery stores around New YorkCity. The Upper West Side store had a prime corner location between Zabar’s, one block north, and Fairway, four blocks south. The store is too small for another bank or drugstore — the usual suspects that move into storefronts — so I have to wonder how long the H&H store will remain “for rent” and what will go in.
Word is that the landlord wants $60,000 a month — yes a month — for the space. There’s no way you could sell enough bagels to afford a $60,000 rent. No wonder small family owned stores are disappearing. My dad owned a store on Broadway and 86th Street years ago. When the lease was up and the landlord wanted to double the rent, my dad decided to retire. The landlord split the large store into three smaller ones — each of which was paying more rent than my dad.
posted by Evelyn Kanter