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Nitehawk Cinema Owner Buys Bushwick Building for $4.75M to Rent Out

By Serena Dai | July 23, 2015 10:44am | Updated on July 24, 2015 5:41pm
 Matthew Viragh purchased a property at 379 Suydam St., according to city records.
Matthew Viragh purchased a property at 379 Suydam St., according to city records.
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RFK

BUSHWICK — The owner of popular Williamsburg movie-and-cocktail theater Nitehawk has made a real estate move in Bushwick — putting down $4.75 million for a property at 379 Suydam St. to rent out, according to city records.

Nitehawk Cinema owner Matthew Viragh, as Suydam 379 LLC, bought the 10,000-square-foot, one-story building last week, according to Department of Finance Records.

The property, which is zoned for commercial use, has been vacant and has the potential for a roof deck build out, according to a commercial real estate listing from RKF. It's close to Wyckoff Avenue and the growing nightlife area around the Jefferson Avenue L stop.

But Virgha said the property will not be for another location of Nitehawk Cinema. He's managing the building and is planning to rent it out, possibly for a brewery, he said.

That doesn't mean there won't be a second location of Nitehawk, he said.

"If there’s a second Nitehawk, it’s not happening there," Virgha said. "[But] we are working toward that."

Nitehawk Cinema quickly became a neighborhood favorite spot after opening at 136 Metropolitan Ave. in 2011.

The theater plays independent films and often has old film series and Q&As with people involved with films. It's also unique for having a restaurant and serving alcohol, with servers bringing popcorn, beer and full meals to moviegoers during films.

Nitehawk spearheaded laws allowing alcohol in movie theaters in New York.