Loehmann's Department store was founded in this corner building in 1921 by Frieda Loehmann and her son. Frieda's business plan was to buy overstocks, samples, and discontinued products from top New York designers and sell them at affordable prices; she became known as the Grand Dame of Cut-Rate Fashion (long before Marshalls and T.J.Maxx). She would eventually buy this building and live upstairs. Though only one other Loehmann's opened during her lifetime (in the Bronx on Fordham Road). Following the founder's death in 1963, the store here on Bedford closed, but Charles Loehmann went public with the company and expanded nationwide. The company was bought and sold numerous times through the 1980s and at its peak around the turn of the 21st century, there were more than 100 stores in 17 states. The new century saw a number of bankruptcies before all the brick-and-mortar stores finally closed in 2014. For some time after Loehmann's closed at no. 1476, a similar store that used items purchased from Loehmann's closing auction, set up shop. In 1976 the building was sold to New Life Tabernacle Church of God in Christ, which it remains today.