And that’s a wrap for Sunnyside Center Cinemas.
The longtime neighborhood movie theater at 45-25 Queens Blvd. will be closing on Jan. 4, according to a published report, after its lease was not renewed because the owner wants to make way for a residential development.
The property was bought in 2012 for $6.65 million from Dime Savings Bank by John Ciafone, husband of Gina Argento, who is the president of film production firm Broadway Stages.
The new owner hopes to lease the ground floor, which has 52,000 square feet of air rights, for $750,000 a year to a developer looking to build a residential structure above, Sunnyside Post first reported.
“I’d like to bring much-needed affordable housing to the Sunnyside community, and I’m currently in the process of looking for a development partner with extensive affordable housing experience,” Ciafone said.
The property is currently being marketed by real estate firm Modern Spaces. The bar next door, PJ Horgan’s, which is also a tenant on the property, will remain open. And although the cinema is closing, Ciafone said that there might be a chance for it to return.
“Once the project is complete, I’d be more than happy to sit down with the owner of Center Cinemas to discuss lease opportunities,” Ciafone said.