This ad is from the March 1982 issue of the now-defunct East Village Eye.
They had some great double bills too: in the early ’90s I saw Duck Soup and Animal Crackers, as well as A Streetcar Named Desire followed by Who’s Afraid of Virginia Woolf?
I believe they closed their doors in 1992. The video store that then occupied the circa-1929 theater went bust several years ago. I think a “Store For Rent” sign is up where the marquee used to be.