Looks like Gerald Mallow is through with the theater business, IF a buyer with deep pockets wants to pony up $14 million for the 400-seat Sag Harbor landmark.
The building has been offered up a few times in the past but perhaps this time the listing will stick, as it’s being repped by real estate pro Ed Bruehl of Saunders & Associates. Check it out for yourself on the Saunders site. And ooooh, there’s a brochure too!
Don’t feel like clicking? Here’s the basic gist from the listing info:
The commercial building, designed in the 1930s by renowned theater architect John Eberson in the 1930s and recognized for its classic art deco neon sign, is being offered for the first time. The property currently exists as a 7,000+/-sq. ft. cinema with a two-story Art Studio. The lot is situated in the Village Business Zoning District (VB Zone), which allows for a 21,000+/- sq. ft. renovation with three stories and a height of 35+/- feet. The iconic sign has been designated to be forever memorialized and will remain. This impressively large building envelope will enable a future owner to create three 7,000+/- sq. ft. floors; proposed plans call for a first floor theater and restaurant, second floor retail and office space, and a third floor with three sunset-view apartments. Located just blocks from the bay and piers, this unique commercial offering is in the center of town, near the three-star American Hotel and other popular restaurants including LT Burger and Tutto Il Giorno, along with boutiques and shops.