There is nothing on the front of 49 Crosby Street save for a tiny label under a bell that would indicate that inside is one of the most enduring recording studios in New York. The Magic Shop opened in 1988 well before Bloomingdale’s, MoMA and a luxury hotel became its neighbors. The increase in the area’s rental value spelled the end of the studio. Despite the offer of financial help from Foo Fighters frontman Dave Grohl, owner Steve Rosenthal was unable to buy the space from his landlord. While Rosenthal will continue his business of mixing and restoring classic recordings, the Magic Shop will close today.