love-chapel-042809.jpgThe Slave isn’t the only theater in Brooklyn looking for a buyer: The Rainbow Theater, one of the few depression-era theaters in the borough, is now up for sale. Currently the Love Chapel, the theater sits on a 17,500-square-foot lot at 167 Graham Avenue in W’burg. (More history here.) The asking price is a cool $10 million. Anyone know a successful indie rock promoter with some cash to spare? GMAP


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