CONEY ISLAND - After nearly a century in business, Coney Island Bialys and Bagels will be closing its doors.

The Coney Island Avenue store has been in business since the 1950s. The family opened its first store in 1920.

Owner Steven Ross says the community prefers cheaper options than his hand-rolled goodies, even though they are still less than $1 each. He says the closure proves that no one is immune to the tough economic times.

Ross says at the peak, 1,200 bagels were flying off the shelves each day.

Ross says the historic store is set to close sometime in November, after the Jewish holidays in September and October.