(Other Music’s Facebook page.)

I’m pretty sure I’m not the only one who’s had this thought: “The day Other Music closes, I’m writing my Goodbye to All That essay.” Well, that day is upon us. The store just made the announcement on Facebook: “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.”

Josh Madell, who opened the impeccably curated indie record store in December of 1995, told Bedford + Bowery that the closing wasn’t brought on by anything in particular: “It was no one incident or one situation—it’s not like our rent just went up. It’s just that for a long time, we’ve been squeezed at both sides as the physical-music industry keeps on shrinking and more and more music moves onto streaming. And on the other side, obviously New York City rent and the cost of doing business here continues to inch up.”

Madell said the closing will be final, and he probably won’t follow stores like Academy Records and Norman’s Sound + Vision in relocating to cheaper neighborhoods in North Brooklyn. He pointed out that Other had a “good location” close to NYU: “We still do a ton of business here,” he said. “Anywhere in Brooklyn, even in Williamsburg, would be automatically less foot traffic.”

At the end of the day, he said, it was just too hard to make a living as a record shop. “The truth is they did more money in streaming last year than in physical, and that’s the future,” he said. “That’s what it feels like here. Records are becoming more of a collectors market—it’s no longer the heart of how we consume music.”

Madell and his partner Chris Vanderloo got their start working at another dearly departed record shop, Kim’s Video. Even with events like last month’s Record Store Day and this Saturday’s Brooklyn Flea Record Fair bolstering sales, record stores continue to close. Among those that have left the East Village in recent memory are Rockit Scientist, Norman’s Sound & Vision, Gimme Gimme, Tropicalia in Furs, Big City, and Sounds. (Oh, and who could forget the Tower Records that used to be right across from Other.) On the Lower East Side, Deadly Dragon Sound closed just last month. Despite all this, Other will continue with its record label, Other Music Recording Co., which is distributed by Fat Possum. Unlike brick-and-mortar stores that rely exclusively on vinyl sales, Madell noted, “labels are making money from streaming, they’re also making money from licensing to movies and TV.”

Madell emphasized that Other still has two months left in it, during which time it will continue to host events like an upcoming in-store from comedian/musician/cult leader Tim Heidecker of Tim & Eric’s Awesome Show. “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,” the store wrote on Facebook. “We’ll also be announcing more events and celebrations soon, so stay tuned.”