The theatre closed in August 1939 for demolition, and in 1952 a large modern office building known as "The Hippodrome Center" (1120 Avenue of the Americas), opened on the site.
Teatret lukkede i august 1939 for nedrivning, og i 1952 åbnede en stor, moderne kontorbygning kendt som "The Hippodrome Center" (1120 Avenue of the Americas) på samme sted.