Other Music has announced it will be closing it's doors in June after being in business for over 20 years.
With vinyl making a strong comeback recently, it's hard to imagine a beloved record shop like Other Music not being able to stay in business, but in NYC real estate is booming and the rent is skyrocketing.
According to the New York Times, since first opening in 1995, the rent for Other Music has more than doubled, while the shop hasn't even made half of what they made in their best year, 3.1 million in 2000. Plus NYC's real estate continues to soar and the shop's property tax has become far too great.
Other Music announced the news by releasing a statement to their loyal customers:
"It is with heavy hearts that we share the news that after more than 20 years in New York City, Other Music will be closing our doors on Saturday, June 25th. It’s been an incredible run for us, and we cannot thank you enough for the support and inspiration that you’ve given us over these past two decades. We’ve learned so much from you and are so grateful to have had your trust, curiosity, and passion as we’ve discovered and explored so much great music together since we first opened back in December of 1995. Times have changed, and soon we will be moving on, but in the coming weeks we hope you’ll come by and see us, dig through our racks, and reminisce about what has been a truly special era for all of us. We’ll also be announcing more events and celebrations soon, so stay tuned. Once again, thank you, from the bottom of our hearts."
This is very sad news for the vinyl culture in NYC and marks the end of an era. Other Music is still going to be in operation until June 25th, so stay connected and be sure to visit the shop before it's too late.