The Real Deal New York

Coney Island Shore Theater owner refuses to entertain offers

Interested parties have proposed a cooking school and renovated cinema for Surf Avenue spot
July 16, 2014 06:40PM

Prospective buyers are lining up around the block for the long shuttered Coney Island Shore Theater, but their bids are falling on deaf ears.

The neo-Renaissance Revival building at 1301 Surf Avenue passed to Jasmine Bullard following the death last year of her father, Horace Bullard. Brokers told the Brooklyn Eagle they’ve had no success getting Bullard to entertain offers.

“I have clients who are ready, willing and able to write a check for the Shore today,” broker Joe Vitacco told the paper. Those clients include a “very well known restaurateur” who wants to open a cooking school and restaurant and a “nationally-known athlete” who would like to see movies play at the Shore once again.

Commercial agent Richard DiPietro said he represented investors who would embark on a roughly $35 million renovation in exchange for equity in the building. He told the paper he could not reach Bullard.

The theater is one of the last holdings in a portfolio of Coney Island properties that Horace Bullard bought in the 1970s and 80s, according to the paper. That portfolio last listed for $102 million before Jasmine Bullard took it off the market last summer[Brooklyn Eagle]Tom DiChristopher