Co-owner Richard Turk cited increased expenses and declining sales in recent years. He said he plans to continue to sell music through the store's website.
Since opening 64 years ago, the store has attracted Broadway actors, musicians, celebrities and tourists.
Colony moved into the Brill Building in the 1970s from its original location on 52nd Street.
The Brill Building was once home to music producers, publishers and songwriters, including Neil Diamond and Carole King.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tuesday, May 21 2013 10:48 PM EDT2013-05-22 02:48:03 GMT
World War II veterans have been known as the Greatest Generation for their service. Volunteers have been making sure that these veterans, who are dying at the rate of one thousand per day, are given a
World War II veterans have been known as the Greatest Generation for their service. Volunteers have been making sure that these veterans, who are dying at the rate of one thousand per day, are given a
Tuesday, May 21 2013 3:50 PM EDT2013-05-21 19:50:15 GMT
A massive tornado devastated parts of Oklahoma on Monday. It destroyed entire neighborhoods, killing dozens of people. If you would like to help those in need, you can donate to relief organizations.
A massive tornado devastated parts of Oklahoma on Monday. It destroyed entire neighborhoods, killing dozens of people. If you would like to help those in need, you can donate to relief organizations.
Tuesday, May 21 2013 11:28 AM EDT2013-05-21 15:28:08 GMT
The new book, 'Stiletto Network: Inside The Women's Power Circles That Are Changing the Face of Business,' is shining light on how women cooperate in the workplace.
The new book, 'Stiletto Network: Inside The Women's Power Circles That Are Changing the Face of Business,' is shining light on how women cooperate in the workplace.
Tuesday, May 21 2013 10:18 AM EDT2013-05-21 14:18:33 GMT
Blogging site Tumblr has been sold to Yahoo for over $1B. Social media expert Chris Dessi and Laura Kusisto, Wall Street Journal reporter, discuss the sale during Good Day NY.
Blogging site Tumblr has been sold to Yahoo for over $1B. Social media expert Chris Dessi and Laura Kusisto, Wall Street Journal reporter, discuss the sale during Good Day NY.
Tuesday, May 21 2013 8:38 AM EDT2013-05-21 12:38:01 GMT
Country crooner Trace Adkins is the winner of All-Star Celebrity Apprentice. While he's happy to have raised money for his charity, Adkins says his mind and heart are with the victims of the Oklahoma tornado.
Country crooner Trace Adkins is the winner of All-Star Celebrity Apprentice. While he's happy to have raised money for his charity, Adkins says his mind and heart are with the victims of the tornado that ripped through Oklahoma on Monday.
Monday, May 20 2013 1:12 PM EDT2013-05-20 17:12:07 GMT
American Idol season 12 runner-up Kree Harrison gave winner Candice Glover a run for her money. But the top two finalists became good friends during weeks of competition. Harrison stopped by Monday's Good Day New York
American Idol season 12 runner-up Kree Harrison gave winner Candice Glover a run for her money. But the top two finalists became good friends during weeks of competition. We'll hear from the rising star next week.
Tuesday, May 21 2013 9:51 PM EDT2013-05-22 01:51:10 GMT
Just a few days after Mark Carson, 32, was killed for being gay, and only a few hours after a massive rally in the west village calling for an end to the anti-gay violence, it happened again.
Just a few days after Mark Carson, 32, was killed for being gay, and only a few hours after a massive rally in the west village calling for an end to the anti-gay violence, it happened again.
Tuesday, May 21 2013 5:33 PM EDT2013-05-21 21:33:52 GMT
For 35 years, Hubbard Street Dance Chicago has been bringing its brand of contemporary dance to audiences around the world. One of the company's frequent stops is the Joyce Theater in Chelsea where it
For 35 years, Hubbard Street Dance Chicago has been bringing its brand of contemporary dance to audiences around the world. One of the company's frequent stops is the Joyce Theater in Chelsea where it
Tuesday, May 21 2013 1:15 PM EDT2013-05-21 17:15:24 GMT
An NYPD detective is accused of hacking into department computers and obtaining information about dozens of people including co-workers. Edwin Vargas was arrested Tuesday outside his home in Bronxville.
An NYPD detective is accused of hacking into department computers and obtaining information about dozens of people including co-workers.
Tuesday, May 21 2013 7:23 AM EDT2013-05-21 11:23:53 GMT
The New York jury on which Caroline Kennedy served has acquitted a man of dealing crack cocaine. Kennedy was juror No. 7 at the trial of Harlem resident Nelson Chatman.
The New York jury on which Caroline Kennedy served has acquitted a man of dealing crack cocaine. Kennedy was juror No. 7 at the trial of Harlem resident Nelson Chatman.
Tuesday, May 21 2013 6:51 AM EDT2013-05-21 10:51:26 GMT
The Metropolitan Opera says it's decided to disband its resident ballet company.
The Metropolitan Opera says it's decided to disband its resident ballet company. The American Guild of Musical Artists said the eight remaining dancers of the Metropolitan Opera Ballet have accepted buyout packages.
Monday, May 20 2013 6:05 PM EDT2013-05-20 22:05:22 GMT
A spate of hate-fueled attacks on gay men in New York, including a killing in the heart of one of its most gay-friendly neighborhoods, is stirring up anxiety, disbelief and outrage.
A spate of hate-fueled attacks on gay men in New York, including a killing in the heart of one of its most gay-friendly neighborhoods, is stirring up anxiety, disbelief and outrage.
Three people have been charged with taking bribes from a Chinese government-supported institution in exchange for restricted research from a New York University lab.
Three people have been charged with taking bribes from a Chinese government-supported institution in exchange for restricted research from a New York University lab.
