One of New York City’s most iconic concert venues reportedly will be shutting its doors in 2014.

According to an internal email obtained by Billboard, the Roseland Ballroom, which opened in 1958, will permanently close in April of next year, though no official announcement has been made. One of the most sought-after performance venues in the city, the Roseland sits 3,500 people -- making it one of the largest concert halls in Manhattan. In its absence, performers will still have numerous fallback venues such as Best Buy Theater, Hammerstein Ballroom and Beacon Theatre.

Billboard reports that the decision to close Roseland -- which remains “highly competitive” in NYC's concert hall market -- most likely is related to property values. Nirvana, Radiohead, Madonna and the Rolling Stones are just a few of the top acts who have performed at Roseland, which will be remembered for its illustrious shows long after its final encore.