Once one of the longest-running movie houses in Queens, the 91-year-old Ridgewood Theater, has been placed on the auction block for $14 million just two months after lights dimmed permanently at the historic theater, a spokeswoman for Massey Knakal Realty Services said.
Historic Ridgewood Theatre listed for sale at $14 million
The five-screen theater, at 55-27 Myrtle Ave. in Ridgewood, opened as a vaudeville house in December 1916 and was converted into a movie palace the following year. The Ridgewood survived two world wars, the Great Depression, the golden age of television, video and DVDs, operating as a first-run movie theater continuously since its opening.
But Massey Knakal announced in mid-May that the theater, which closed due to declining business in March, had been placed on the market. The real estate services company is advertising the theater's purchase price at $14 million on its Web site.
According to Massey Knakal's site, the property could be transformed into a hotel or used for residential, retail or commercial purposes.
More info here: Ridgewood Theatre