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The Soho boutique Lounge may be the latest store to be relegated to the retail graveyard, but you can now scoop up its discounted wares at this permanent sample sale outpost. A former storied nightclub, Limelight is now host to a roving multi-designer (more than 200 brands!) markdown fest, with new merchandise arriving weekly. Right now you can find Rogan dresses, slashed from $288 to $144; men's Genetic Denim, cut from $140 to $40; and Sword leather shrugs for $250 (were $575). If you're not in the market for new threads, check out the D.J. and the art work on display, both the music and the art are for sale.

Find more shops at Time Out New York.