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From the LOC.From Wikipedia
The Capitol Theatre was a movie palace located at 1645 Broadway, just north of Times Square in New York City, across from the Winter Garden Theatre. Designed by Thomas W. Lamb, the Capitol seated 4000 and opened October 24, 1919. It was one of the first of the large lavish movie theaters that dominated the film exhibition business for the next 40 years. The theater was acquired in 1924 by the entertainment magnate Marcus Loew and became the flagship of his deluxe Loew's Theatres chain.
The Capitol was the frequent site of the world premieres of films made by the Loew's-owned Metro-Goldwyn-Mayer studio. After having been converted for the presentation of Cinerama wide screen films in 1964, the theater's last engagement was the New York premiere of MGM's 2001: A Space Odyssey. The Capitol closed September 16, 1968 with a live all-star benefit featuring Bob Hope and Johnny Carson.<span>[</span>1<span>]</span> The Times Square landmark was replaced by the Paramount Plaza office tower.
I remind you that the Cinderella Ballroom/New Yorker Club/Paul Whiteman Club was diagonally across the street at 1600 Broadway.