Streetlevel: Knotting Slope Closes
After almost five years in their shop at 242 7th Avenue in Park Slope, the folks behind hand-made carpet specialty store Knotting Slope are calling it quits. According to OTBKB, they couldn’t afford the rent increase the owner wanted to charge. Their loss is your gain: there’s currently a big going-out-of-business sale underway. GMAP
After almost five years in their shop at 242 7th Avenue in Park Slope, the folks behind hand-made carpet specialty store Knotting Slope are calling it quits. According to OTBKB, they couldn’t afford the rent increase the owner wanted to charge. Their loss is your gain: there’s currently a big going-out-of-business sale underway. GMAP
Of course Rob has never been in that store. This lack of first hand knowledge will not – as we all know by now – stop him from making his inane pronouncements.
The owners are very friendly and knowledgeable, and they have some very nice stuff there. The bf bought a kilim and a couple of pillows there. I’m contemplating buying a rug there myself for my new place.
Yarn store? It’s a rug store slick.
I have a lot of trouble conceiving of how a yarn store can turn a profit. $2,000 per month is a lot of yarn to sell just to cover rent.
hopefully they’ll wisen up 11217
Rob, I’m curious: have you been in that store, even once, to be able to comment on their inventory? Anyone who’s ever been into Knotting Slope has had the pleasure of the owners’ knowledge, generosity and hospitality, regardless of whether they ever make a purchase. I’m one of those people. I went in with an old carpet needing repair and was treated to a history lesson on the era and village of it’s origin. I recommend the store and the sale to anyone interested, and will very much miss the owners with whom I have enjoyed so many pleasant conversations.
“Landlords in the Slope need to lower rents for commercial space at least 30% – and stop charging outrageous “key fees” to be able to take advantage of this mass exodus from Manhattan.”
You are 100% dead on. I know of quite a few people who would LOVE to open up shop in Park Slope but don’t want to because of the outrageous rents. It has quite an affluent population which could support some really great things, but the landlords are screwing everyone over.
Business owners in Nolita, LES and the EV are getting hammered at the moment, and many interesting boutiques as well as a bars/restaurants are looking to lower overhead to make up for a decrease in sales. Landlords in the Slope need to lower rents for commercial space at least 30% – and stop charging outrageous “key fees” to be able to take advantage of this mass exodus from Manhattan. For someone paying 15k on Elizabeth St, paying 10k per month on 5th ave just isn’t attractive – as foot traffic is less, especially when similar spaces could be had in other neighborhoods for 6k per month.
a store that sells fugly carpets. big woop. i cant cant anything i want/need in this neighborhood anyway. hello degentrification!
8rob*
“The same landlord, btw, owns the now shuttered premises of the relocated bagel store, and is seeking to lease all three storefronts to just one tenant.”
Oh, well that certainly helps with the narrow storefront equation. Can’t wait for the new Chase Bank then!
Damn.