On Monday afternoon, Jai Cha walked out of the Barnes & Noble at 66th Street and Broadway in Manhattan as he does nearly every week  without a book.

“I’m just killing time,” said Mr. Cha, a 30-year-old lawyer, his hands stuffed deep in his pockets. “I’ve been coming here to read Bill Simmons’s ‘Book of Basketball,’ about a chapter at a time.”

He might have to hurry. Barnes & Noble announced on Monday that at the end of January it would close the store, a four-story space across the street from Lincoln Center that has been a neighborhood landmark since it opened nearly 15 years ago.

“We recognize that this store has been an important part of the fabric of the Upper West Side community since we opened our doors on Oct. 20, 1995,” Mary Ellen Keating, a company spokeswoman, said in a statement. “However, the current lease is at its end of term, and the increased rent that would be required to stay in the location makes it economically impossible for us to extend the lease.”