We’re waiting for the makeover of Coney Island’s Shore Theater
Eye on Real Estate: A tax lien on the Surf Avenue property was recently paid
Coney Island’s summer season will soon begin. And the Shore Theater is still sitting there, empty and desolate-looking.
When will the long-vacant — if you don’t count the presence of homeless squatters a few years ago — Roaring Twenties movie palace finally get a makeover?
The neo-Renaissance Revival-style commercial property that was once the pride of Coney Island has belonged to Pyotr Yadgarov since December 2015.
That’s when his real-estate firm Pye Properties purchased 1301 Surf Ave. for $14 million through Shore Tower Group LLC with Pyotr Yadgarov as member, city Finance Department records show.