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This was indeed the site of the Ridgewood Folly Theatre. Built in 1909. The adjoing building many refer to was a saloon or bar if you will.
Queens Genealogy Workshop
The reason for many misconceptions about the location of this building may be explained if you know some Queens history. In 1909-11 Ridgewood, explosive home building brought about the densest residential development in Queens. In 1916. Queens Borough Hall moved to Queens Plaza, from a prior location in an old department store building on Northern Boulevard in Long Island City. Many records were lost or filed with incorrect agencys. I have been requested by Sally to examine the data available to me and I conclude that the Ridgewood Folly Theatre was located at the later
site of the Grandview Theatre located at 659 Grandview Avenue. As for the Triagle furniture store it served many purposes. Off hand I know of two. A dance emporium and a sports arena for boxing and wrestling matches.