After a Century on the Bowery, Faerman Cash Registers is Cashing out

Posted on: July 23rd, 2019 at 5:00 am by

brief documentary

At one point in the mid-twentieth century, the Bowery boasted several cash register stores; soon, though, the count could be down to one.

In operation for over a century, the iconic Faerman Cash Register Company is about to depart. The business recently put its building at 159 Bowery up for sale, and there is now a huge leasing banner on the facade.

Cushman & Wakefield is the brokerage representing the Faerman family, which is asking $7.9 million for the property. And as the broker-babble notes, the building comes equipped with air rights and can be “delivered vacant and is ideal for a multitude of developers, investors and users looking to acquire an asset in one of the strongest locations in the city.”

(And because it resides on the east side of the Bowery, there are no height restrictions of the sort on the Little Italy side.)

The three-story building has been in the Faerman family for decades, since 1965. But the company itself dates back even further at this location – back to 1910 when the Third Avenue El still darkened the block. That’s when Faerman and his brother started it all, after emigrating from Poland. His son Bernard would later take over upon returning from the European front – a veteran of D-Day – following World War II.

Bernard bought 159 Bowery for $75,000, giving the business a permanent home, where he sold and repaired the machines. His son Brian eventually joined the team as a third-generation owner and continues to run the store. WNYC reported in 2012 that the younger Faerman, now in his fifties, spent his “entire life in the cash register business.”

To walk into Faerman is to enter an antique showroom. Much of the business these days is from bars and restaurants that want that old-timey “ka-ching” of a mechanical cash register, or for movie placements.

In recent years, Brian Faerman had always been adamant about staying put and not selling. Times change.

Check out this brief documentary with the elder Faerman, shot by Leif Skodnick.

Recent Stories

Late Photographer Corky Lee Gets Mural Treatment on Doyers Street

There is a new tribute mural in Chinatown that honors the memory of beloved photographer Corky Lee. The nascent Chinatown Mural Project is behind the new artwork, which stretches along a 35-foot wall on Doyers Street, the nerve center of Chinatown. The mural is two-toned – blue and off-white – and meant to resemble “Ming” […]

One Year Later, ‘Fiore Escape’ COVID Sessions Still Captivate

One year after first captivating passersby at Essex and Grand Streets, the free fire escape concert series is back for another. Indeed, musician Jill Fiore will perform anew from the second floor of her Essex Street tenement (above Delancey Car Service). The next so-called “Fiore Escape” show is slated for October 15, as announced on […]

Parks Department Installs Fence at Allen Mall Bathhouse in Response to Nadja Rose Madder

The Parks Department is upping the ante on deterring a homeless artist from painting and gathering at the Allen Street Bathhouse. Earlier this week, the city began assembling an eight-foot chain-link enclosure to (partially) fence in the sidewalk plaza. It is on this spot that transgender artist Nadja Rose Madder has been transforming the brickwork […]

Extell Residents in Cherry Street Tower Bark Foul Over Abundance of Dogs Despite No Pet Policy

Residents of Extell’s “affordable tower” at 227 Cherry Street are barking foul over the proliferation of pitbulls, despite the no-pet policy. We are told by current tenants that leases contain a strict stipulation prohibiting pets in apartments, and that management (Wavecrest) seems deaf and/or slow to act about the apparent violations. By some estimates, there […]

Aggro Panhandler Hurls Brick at Pickle Guys Worker in Brutal Attack

An aggro panhandler outside Pickle Guys on Grand Street attacked an employee after he was asked to move away from the store entrance, cops said. The suspect had been aggressively begging at around 8:20am last Wednesday when the 63-year-old worker told him to disperse. That didn’t sit well; the pugilist picked up a nearby chair […]