The Times Square institution is closing due to sky rocketing rent.

If there was ever a place to people watch the likes of Meryl Streep, Glenn Close, Alec Baldwin, or Senator John McCain as you nursed a pint and some bangers n’ mash - it was Langan’s.

The iconic Irish pub was a haven for not only immigrants, but Broadway stars and showgoers, celebrities and media moguls such as Rupert Murdoch.

Located on West 47th street, the watering hole announced it will close its doors on January 18th.

Owner Des O’Brien confirmed that a hike in rent is behind the closure.

Read More: The best Irish pubs in New York according to The Guardian

Speaking to The New York Post, O’Brien said that the landlord was demanding $53,000 per month in rent. An eye-watering rise from the $16,000 monthly rent had been negotiated in 2015.

Read More: Is this Long Island bar's "No Irish Drunks" sign offensive?

Langan’s has been one of Times Square’s most lively bars since it opened shop almost 25 years ago. With The New York Post offices situated on the same block, it became a media hangout, often nicknamed ‘Langan’s Bureau’ as reporters filed copy from the bar.

Как же здесь хорошо, черт возьми

A post shared by Amantis Vita (@amantis_vita) on

Read More: New York Irish pub names best bar in the world ... guess which one!