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Why (aside from neglect perhaps?) is this theater being demolished?
ENDANGERED! The building the theater is housed in is up for sale: http://sunnysidepost.com/2012/09/22/queens-bld-building-up-for-sale-includes-historic-businesses/#comments.
All part of an extremely ill advised rezoning (upzoning) of Queens Boulevard in Sunnyside where the theater is located because various political figures wanted to preserve the residential side streets (but not the small-scale commercial district with many charms of its own).