BROOKLYN - Brooklyn's oldest bar, P.J. Hanley's, may soon close its doors if a buyer does not come forward.

P.J. Hanley's has been at Court Street and Fourth Place in Carrol Gardens since 1874.

The bar was purchased by James McGowan in 2005. He says poor business and issues with the landlord led him to file for bankruptcy last week.

Several of the bar patrons voiced their concerns with the bar potentially closing, saying that it is a place in the neighborhood where people can get together and avoid losing touch.

P.J. Hanley's last day in business will be March 17, when it will host its annual St. Patrick's Day party. An auction will be held on March 18 for the bar's lease and naming rights.