The famous Times Square comedy club, Carolines on Broadway, is shutting its doors after hosting jokesters for decades. 

Kerry Coddett is a Brooklyn comedian who got her start 10 years ago at the iconic comedy club. She is gearing up for one last performance at the venue. The owners are closing the doors to the iconic club after 40 years of business - 30 of which were in Times Square. 

Coddett says the famed club, which has seen stars like Chris Rock and Marlon Wayans, has made its mark in the city and will leave a lasting legacy. 

“I did the Caroline’s comedy school class, and we had the graduation show right here,” said Coddett. “To like lose this iconic building in this space where it's the first time I saw my face on a billboard… it just felt like a piece of comedy history is not going to be here anymore."

Owners posted a farewell message on Facebook, saying they opted to not renew their lease, which some people say is due to a rent increase. 

The Carolines staff says this won’t be the end of the road for the storied piece of New York history, as they’re hoping to find a new location. 

The last performance at Carolines on Broadway will take place on New Year’s Eve.