Olympic Theater Concert Hall

851 Prospect Avenue,
Bronx, NY 10459

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2005

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Everyone who ever grew up in the South Bronx remembers the Prospect Theatre. It opened November 12, 1910 and was operated by RKO for many years. In the late-1940’s and early 1950’s the Prospect Theatre was operated by the Cinema Circuit Corp. chain.

Restored to its original beauty in 2000, it was used for live peformances as the Olympic Theater Concert Hall until its recent closure in 2006. It was taken over by a church who proceeded to gut the building internally in 2008. They were gone from the building by 2010.

Contributed by Vasilis Papaioanou

Recent comments (view all 44 comments)

bdofed405
bdofed405 on February 7, 2015 at 12:34 pm

I love this site and I live in the bronx. I have a great idea for this old theatre. Now the question is, how can I acquire it?

robboehm
robboehm on April 26, 2015 at 5:53 pm

Photo of the Prospect in the day uploaded.

Roger Katz
Roger Katz on May 13, 2016 at 6:56 pm

Currently for sale for $4.5 million.

http://www.loopnet.com/Listing/19773768/851-PROSPECT-AVENUE-Bronx-NY/

theaterkev
theaterkev on August 15, 2017 at 8:09 am

I have many photos of this theater which was gutted and is now for sale. I am looking for any materials on this theater or the the one across the street, the President(Arcadia) or down the block, the Burland and the Empire. There is very little material to be found at the NYPL and nothing at the Bronx Historical Society. Anyone know who the architects were for these theaters?

theaterkev
theaterkev on August 16, 2017 at 2:57 pm

I wish to discourage anyone from entering this theater. The stairs have rotted away, there are holes in the floors and outside the building and some are quite deep. I would presume by the loss of one of the water tanks from the south side of the roof, the ladders having fallen off the building etc. It is quite unstable. The walls are in remarkably good shape. I have many more photos and some video but posting to this site is rather slow and I have more photos from other theaters in the New York City area. Does anyone know who the architect was for this theater? There is almost no research available on theaters in the Bronx unless it is the Opera House or the Paradise Theater. That means not at the Bronx Historical and New York Historical Societies, the NYPL Performing Arts branch etc. Thank you for whatever you might have on theaters in the South Bronx

jgwavy
jgwavy on December 11, 2017 at 10:44 am

im interested in getting this place and its not worth the 4.5million its being listed for hop someone sees my comment and reaches out for any ideas we can all be apart of. let me know as soon as you see my comment email me about this place prices plans and restrictions on it if any…please

Tony
Tony on March 20, 2018 at 11:28 pm

I am interested in acquiring this property. I’ve met and spoken with someone in previous times. My plan is to restore the great old theatre to it’s original natural beauty. This will become a multi purpose facility such as for plays, meetings, films, vocal/ choir rehearsals, museum tours and much, much more. Negotiations are not active and still pending. Anyone with any ideas or wishing to communicate regarding this theater, or simply wish to comment, I can be reached at

Comfortably Cool
Comfortably Cool on March 21, 2018 at 7:31 am

Wouldn’t it make more sense for this to be listed as Prospect Theatre or RKO Prospect, which were used for all of its cinematic history? Olympic was later used for a concert venue that never proved successful.

robboehm
robboehm on March 21, 2018 at 9:27 am

Comfortably, the “rule” is that the last name of a venue is the one listed. Exceptions seem to be the norm, however. Since all of the names on the site will give you access it doesn’t usually matter.

Life's Too Short
Life's Too Short on March 21, 2018 at 12:33 pm

The church seems to have made a terrible decision. If the building was renovated in 2000 they probably could have started up operations as is. More renovations could have followed as they got the funds together.

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