I have an update on several theaters that I toured upstate.
We visited the Liberty Theater in Liberty, NY. In the 70’s, it was broken up into 3 discount cinemas.
It has been sold a couple of times in the last few years & because of this the cost is too prohibitive for us. The new owner bought it for $535,000 & wants more for it. It needs a lot of work— all new heating system being the most costly. It could be returned to a beautiful opera-type theater by somebody with very deep pockets as a labor of love. It would need to be re-purposed though as it won’t ever be sustaining as a movie theater only. The community is eager for a multi-function arts space.
The Broadway Theater is completely submerged. It should be called the “Titanic” Theater. Very sad.
The current owner is just allowing 3 ft of water to sit in the space & thus everything is rusting & molding. He wants a crazy about for it as well, something like $700,000. Major, major problems.
I’m afraid this one is a total demo.
The Hippodrome in Loch Sheldrake. This is a working theater space, but not viable as a movie theater. Asking price is way too high again at $525,000. The theater is owned by one of the real estate agents in the office up there & he thinks he is going to cash in. Needs work as well, but not as extensively as the Liberty.
Middletown Discount Cinemas is looking to sell. This is a lease, not a purchase, but the only real working theater that is a viable business that we found.
I am interested in purchasing an old theater / performance venue for a theater company located in New York City. Must have proximity to NYC, but am flexible about area. Space can accomodate live performance as well as film projection. Please contact me should you have any leads. I appreciate any help I can get. Contact Jenny via email: .com
I think Barcly is referring to the other Monticello theater- The Broadway Theater, which I am now trying to track down. If anyone has a number for the owner, I’d love to see if it is still for sale.
Thanks,
J
I have an update on several theaters that I toured upstate.
We visited the Liberty Theater in Liberty, NY. In the 70’s, it was broken up into 3 discount cinemas.
It has been sold a couple of times in the last few years & because of this the cost is too prohibitive for us. The new owner bought it for $535,000 & wants more for it. It needs a lot of work— all new heating system being the most costly. It could be returned to a beautiful opera-type theater by somebody with very deep pockets as a labor of love. It would need to be re-purposed though as it won’t ever be sustaining as a movie theater only. The community is eager for a multi-function arts space.
The Broadway Theater is completely submerged. It should be called the “Titanic” Theater. Very sad.
The current owner is just allowing 3 ft of water to sit in the space & thus everything is rusting & molding. He wants a crazy about for it as well, something like $700,000. Major, major problems.
I’m afraid this one is a total demo.
The Hippodrome in Loch Sheldrake. This is a working theater space, but not viable as a movie theater. Asking price is way too high again at $525,000. The theater is owned by one of the real estate agents in the office up there & he thinks he is going to cash in. Needs work as well, but not as extensively as the Liberty.
Middletown Discount Cinemas is looking to sell. This is a lease, not a purchase, but the only real working theater that is a viable business that we found.
Looking for Theater / Performance Venue
I am interested in purchasing an old theater / performance venue for a theater company located in New York City. Must have proximity to NYC, but am flexible about area. Space can accomodate live performance as well as film projection. Please contact me should you have any leads. I appreciate any help I can get. Contact Jenny via email: .com
Thanks to all,
J
I think Barcly is referring to the other Monticello theater- The Broadway Theater, which I am now trying to track down. If anyone has a number for the owner, I’d love to see if it is still for sale.
Thanks,
J