Roger Equities Buys Upper East Side Theater for $41M With Plans for Housing

AI Summary

Roger Equities acquired the movie theater site at 1001 Third Avenue on Manhattan's Upper East Side for $41 million, with plans to redevelop it into rental housing. S3 Capital provided a $37 million acquisition and predevelopment loan; the property had previously been marketed for $50 million.

Roger Equities has acquired a movie theater site at 1001 Third Avenue for $41 million with plans to redevelop it into rental housing, seven months after Reading International listed the property with a $50 million target, Commercial Observer has learned. S3 Capital provided a $37 million acquisition and predevelopment loan for the Upper East Side […]