Brooklyn Night Bazaar, NYC’s largest (only?) indoor flea market/music venue, will sadly close its doors on June 1st. The massive warehouse space at the border of Greenpoint and Williamsburg is being replaced by a BMW dealership.

The eviction “hit us like a nuclear bomb,” said Belvy Klein, the Bazaar’s co-owner and co-founder. “The building owner did offer us to match, but it was basically close to 8 to 10 times what we are currently paying, which is just a number not even remotely on our radar.”

“You do have to wonder how it’s even possible anymore to operate a venue that doesn’t have massive financial backing,” Klein continued. Coming from a punk rock/DIY background personally, to see venue after venue basically fall victim to the same developer/price-you-out scenario is really depressing. And as a native New Yorker, it pisses me off even more to see how unrecognizable this city has, and continues to, become.”

Klein is talking about the rapid disappearance of beloved Brooklyn venues. Glasslands, Death By Audio, and 285 Kent have all been torn down within the last year.

A statement from the venue reads:

It is with a heavy heart that we announce the Brooklyn Night Bazaar will be vacating its home of almost 2 years as of June 1. The building owner of 29 Norman Avenue has reached a deal with a large multinational company that included an enormous rent increase we could not possibly match. While we are excited to be starting our inaugural summer Riis Park Beach Bazaar this Memorial Day weekend, we are saddened and extremely disappointed to lose a space we built from the ground up and poured our heart and soul into over the years. In the end, the ever skyrocketing cost of Brooklyn real estate was something that made staying at this location an impossibility.

A big shout out and thanks to all the incredible bands, rad vendors, killer food stands, creative artists, great staff, and the hundreds of thousands of visitors that made BKNB a truly unique and special place. We’ll miss you all.

We are continuing to look at new spaces for the next incarnation of Brooklyn Night Bazaar. This is the third time since 2011 we’ve been booted out of somewhere for someone bigger with a shit ton more money. It sucks, but that’s what happens when you’re a DIY business in 2015 NYC. But we’ll come back, we always do.

The last BKNB shows will be May 22 and May 23.

The Bazaar will host a series of outdoor shows at Riis Park this summer.

[Via Gothamist]