Assemblymember Keith Powers said his office confirmed that NYU Langone purchased the parcel that includes the movie theater and Fairway Market about a year ago, PIX11 reported.
NYU Langone has not publicly disclosed its plans for the property. The future of Fairway is also unclear.
This last Thursday, Powers and six other local elected officials sent a letter asking NYU Langone to meet with them and discuss ways to keep the theater open. The group includes Rep. Jerry Nadler, Manhattan Borough President Brad Hoylman-Sigal, City Councilmember Harvey Epstein, and other city and state representatives.
The officials criticized NYU Langone for keeping residents in the dark and called on it to disclose its development plans. They also urged the health system to preserve AMC and Fairway, limit its expansion into commercial corridors and allow public review of any land-use or rezoning proposals.
As previously reported, AMC said the 15-screen theater, which opened in 1999 under the Loews umbrella, will operate through the end of the year before closing because the property owner exercised its contractual right to terminate the lease early.Kips Bay update; We have confirmed that NYU Langone now owns the site at 570 Second Avenue in Kips Bay and has for about a year.
— Keith Powers (@KeithPowersNYC) August 27, 2026
Along with my partners in government, I have written to NYU Langone requesting a dialogue with our offices and the community. pic.twitter.com/wFCALN2YfI
A formal closing date has not been announced.
The site's movie-theater history dates to 1962. According to Cinema Treasures, the original one-screen Kips Bay Theatre opened that October with "Requiem for a Heavyweight."
Known for its large screen, 70mm presentations and curtains that opened and closed before each film, the theater shut down in January 1994. The surrounding strip mall was later demolished to make way for the current multiplex and adjacent storefronts.
A resident-led Save Kips Bay campaign and petition are also calling for the theater — the only AMC with an IMAX screen on Manhattan's East Side — to remain open.
Petition link here.



