The Strokes' 'Is This it?' has been chosen as the Album of the Decade by NME.

The 2001 debut by the tight-jeaned five-piece from the Lower East Side, the album beat the likes of the Libertines, Yeah Yeah Yeahs, the Streets, Radiohead, and Arcade Fire to take the magazine's award.

The winning album was chosen by a panel of more than 100 music industry figures, including bands such as Arctic Monkeys, Radiohead, Glasvegas, Paul Weller, Robert Smith, Vampire Weekend, as well as producers, festival bookers, label owners and NME staff past and present.

In second place was the Libertines' 'Up the Bracket,' followed by Primal Scream's 'Xtrmntr', Arctic Monkeys' 'Whatever People Say I Am, That's What I'm Not,' and Yeah Yeah Yeah's 'Fever to Tell' at number five.

The top ten also saw albums from PJ Harvey, Arcade Fire, Interpol, the Streets and Radiohead.

The Strokes' singer Julian Casablancas said, "It's totally crazy! I don't know what that means. Does it mean it's a good musical decade or a bad musical decade? I don't know, I'm such a bad judge of my own stuff. But I thought it was great when I heard. Recording the album was fun, it was stressing, it was exciting. I think if I was to know then that I'd be having this conversation now I couldn't be more pleased. I'm restraining myself now, I don't want to get carried away, but I'm pretty damn psyched with myself. Mental high five!"

NME Editor Krissi Murison said, "This is the definitive word on the greatest albums of the 00s – as voted for by everyone who helped make music brilliant this decade. Aside from the fact my choice only made it to number five, I think you'll agree it's an incredible list of records."

The full top 50 can be found in this week's issue of the magazine.