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Greenport Theater Makes Market Premiere at $5.5 Million

The historic Greenport movie show is on the market or long-term lease, hitting the marketplace for the primary time in almost 20 years. Listed completely with John Catrambone of Dering Harbor Actual Property, it’s asking $5.5 million.

The Village Cinema, a two-story constructing that sits on a 0.25-acre property at 211 E. Entrance Road close to Third Road, has been closed for the reason that COVID-19 pandemic started, however has just lately undergone “an inside refresh,” in line with Catrambone, and is prepared for movie exhibition and different occasions.

“The theater has been an endearing beacon of magic not only for Greenport, however for the encompassing communities of the North Fork,” Catrambone tells Behind The Hedges. “I’ve fond recollections of taking our youngsters on the ferry from our house on Shelter Island to observe a film on a big display, and likewise to take pleasure in a date evening with my spouse, both to see a movie or be engaged by a speaker or reside music. It was the supply of many magical moments and hopefully will proceed to supply cultural enjoyment for future generations as an anchor of the village.”

The constructing and enterprise has not been in the marketplace since 2004 when the present proprietor bought the property for $500,000, in line with deed transfers. Property information present it’s owned by a restricted legal responsibility company known as Maxwell Winston, whose principal is Josh Sapan, the chief vice chairman of AMC Networks and has been credited with constructing a number of award-winning reveals, films and media manufacturers.

Catrambone says Sapan restored the theater “to its magnificence in a renovation that acknowledged its 1939 design.”

The basic 23-foot neon signal was redone and put in on the façade. Inside renovations included new seating, a customized ticket sales space, a café and house for usually scheduled artwork exhibitions.

The Greenport theater’s marquee lit up at evening.Courtesy of Dering Harbor Actual Property

Greenport Theater’s Historical past

The Greenport Theater was accomplished in 1939 by Prudential Theaters. It was designed by the famend theater architect John Eberson to exchange its predecessor which was destroyed by the Hurricane of 1938.

Eberson, an Austrian-American architect, designed over 500 theaters, resulting in his nickname, “Opera Home John.” A few of his different notable surviving theaters embrace the Tampa Theatre, in-built 1926, and the Palace Theatre, in-built Louisville, Kentucky in 1928. Finest identified for its atmospheric type, such because the State Theater in Sydney, Australia, his later works had been Stated to be of the unique revival kinds.

The theater opened its doorways on Might 11, 1939, with The Story of Alexander Graham Bell, starring Don Ameche, in line with Cinema Treasures. For 70 years, it was a multiplex theater.

An outdated postcardCourtesy of Dering Harbor Actual Property

Since June 1992, the theater has had 4 screens, three within the former orchestra and a fourth the place the balcony had been. In whole, there are 632 seats.

Along with screening movies, the venue is used for reside concert events, cultural occasions, and numerous movie and tv festivals, Catrambone says.

Change is a foot at a number of film theaters on the East Finish. The theater in Southampton Village, additionally closed since COVID, was offered in November for $8 million. The Westhampton Seashore movie show modified fingers earlier in 2022 for $1.15 million and the consumers have revealed plans for a serious renovation.

Westhampton and Greenport’s theaters had been one of many final impartial film theaters to function on Lengthy Island. The Sag Harbor Cinema reopened as a not-for-profit after a hearth destroyed the constructing in 2016. The small Montauk cinema closed its doorways in 2014. There are longstanding plans to shut the United Artists movie show in Hampton Bays to make method for a CVS.

The cafe and foyer of the theater.Courtesy of Dering Harbor Actual Property

The one main theaters remaining on the East Finish are in East Hampton and Mattituck.

Greenport is not any stranger to alter. The village has been revitalized over the previous decade or so, resulting in main industrial gross sales. In 2021, The Menhaden, a brand new fashionable impartial luxurious boutique lodge proper subsequent to the theater at 207 Entrance Road, was offered to a New England-based boutique actual property personal fairness agency, for $8.25 million.

Aldo’s Espresso Firm, a mainstay within the village since 1987, was listed in 2022 for $4.5 million.

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greenport theater
A theater house with artwork work hanging within the again.Courtesy of Dering Harbor Actual Property

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