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I must commend B'way on his thought provoking conclusion. I cannot document either business or theatre names as maps only provide buildings situated on specific locations. During the early (1900) period the City of New York enacted strict building and fire codes which may very well explain the demise of the wooden structure that housed the tavern. With the introduction of the RKO Madison theatre and the already operating Ridgewood theatre the Ridgewood Folly just could not compete. I would place its demise around (1925). Since many street names have undergone change in Ridgewood specific locations can be difficult to find. You may check the Sanborn maps for further clarification.