The Top 21 Secrets of the Strand Bookstore in NYC

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From Untapped Cities:

Stacked high with books old and new and surrounded by iconic dollar carts, the Strand Bookstore at 828 Broadway is the go-to indie bookstore for many New Yorkers, thriving since 1927. Celebrating its 90th anniversary this summer, the Strand is one of the few literary paradises staying strong despite the trend of independent bookstores closing to the likes of Amazon, online booksellers, and e-reading devices.

With over 200 employees and 2.5 million used, new, and rare books, the Strand contains some of the most diverse literary collections in the nation. As a testament to The Strand’s long-standing success, crowds of eager bibliophiles always fill the store, with others intensely browsing for a good deal on the dollar carts. Boasting “18 miles of Books and Counting,” the Strand sells an impressive collection of books new and old, rare works, collectibles, DVDs, CDs, vinyl records, and a vast selection of Strand souvenirs, from Shakespearean socks to political mugs. The Strand is not only successful, but trendy, fitting in with the other hip businesses of the East Village.

During its 90 years, the Strand has accumulated a treasure trove of secrets—secrets about its history, secrets hidden inside its building and operations, and secrets to its enduring survival.

. . . .

 1. The Strand is the only remaining survivor of NYC’s lost “Book Row”

If you were to stroll down 4th Avenue between Union Square and Astor Place back when the area was called “Book Row,” the sights and sounds would differ greatly from those of today. While these six blocks are now lined with a variety of restaurants and stores, from the 1890s to 1960s, they were dominated by just one kind of business: secondhand bookstores.

Carts and shops filled with books, catalogues, prints and sketches densely populated the area, making it a bustling haven for bibliophiles and famous writers. These bookstores often specialized in products or genres and only sold secondhand or rare items.

Unfortunately, the passion and integrity of Book Row’s entrepreneurs could not withstand rising rents in the 1950s. New media, the rise of large retail bookstores like Barnes & Noble, and the 1954 closing of the nearby Wanamaker’s Department Store also contributed to a decline in consumers. Many booksellers were forced to close entirely or relocate by the 1960s, with some moving to Broadway.

But there was one exception: the Strand Bookstore, which moved from Fourth Avenue between 10th and 11th Streets, to its current location on the corner of 12th street and Broadway in 1957 and survived.

. . . .

 6. The secret to the Strand’s survival during the Great Depression

Given the impact of the Great Depression on many other family-owned businesses in New York City, it’s quite remarkable that the Strand lived through it all. In an interview with The New York Times, Fred Bass said the Strand’s survival of the Depression was key to its current growth.

During the Depression, Ben Bass was falling behind on paying rents. Thankfully, the Strand’s landlord at the time, who was the last heir of Peter Stuyvesant, allowed the store to stay rent-free for a few years until Bass could pay off the debt when the economy improved. In the end, Bass was so grateful to the landlord that he agreed to voluntary rent increases during wartime rent control.

Bass’ trusting relationship with Stuyvesant proved to be valuable once again, when rent control ended and the Stuyvesants doubled the rent for all property in the area—except for the Strand. In 1996, Fred Bass purchased the building, so that the Strand is no longer threatened by the whims of landlords and rising rents.

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5 thoughts on “The Top 21 Secrets of the Strand Bookstore in NYC”

    • Yeah, I think I could make a go of it if my landlord forgave the rent for a few years. Not exactly a testimony to hard work and persistence.

      And no doubt years later this landlord (fabulously wealthy through inheritance) sold the building to the deadbeat lessee at no doubt a great discount.

      The new American success story.

      • What isn’t discussed about these successful bookstores that hang on by owning their property is the money they actually lose in what are known as “opportunity costs.” Take this Strand bookstore. They own the property. Does the bookstore makes as much profit as would be made by closing the bookstore and renting the property at market rates? If you can afford to forgo the difference, that’s fine, and I don’t begrudge them the business they love if that’s what floats their boat, but let’s be honest – one way or another they are losing money. They are either losing it directly by spending more than they make, or they are losing it indirectly by failing to make money that they could be making.

        Remember the bookstore in Cobble Hill Brooklyn that Emma Straub worked at that (sadly) closed? The owners also owned the building and wanted to realize it’s appreciated value. That wasn’t going to happen with the bookstore in there.

        Then there is Logos used books in Santa Cruz. The owner also owned the building, didn’t charge his bookstore market rate and didn’t pull a salary from the store. He decided to retire and stated he had to realize market rate rent from the property to do so. He wanted to sell the store, but who was going to buy it and pay market rent when *he* couldn’t even do that, much less turn a profit?

  1. My (eventual husband) and I moved to NYC after college and remember Book Row very well. Great classical music recordings were also available.

    Much of my current house is still anchored securely to the earth’s gravitational field by the finds we gleefully brought home.

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