The FAO Schwarz on Fifth Avenue in New York City, which it calls the oldest toy store in the United States, closed its doors Wednesday.

Owner Toys R Us announced the decision in May, citing the high and rising costs of running the 45,000-square-foot retail space on pricey Fifth Avenue.

Perhaps the best known toy store in the country, it has been frequented by celebrities and was shown in the movie ‘Big.’

READ MORE: Farewell to FAO Schwarz

First Published July 16, 2015, 4:00 a.m.