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Hint: Although Different, This Site Is Still Distinguishable Today

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Welcome back to Cornerspotter, Curbed's game in which you try to identify the location and/or identity of a particular building or streetscape in a historic photograph. Impress us and your fellow Curbed readers with your uncanny insight into New York City and its past!

Judging from this picture and what the site looks like today, this property has since gone through a couple of cycles of urban decay and regeneration. While pictured here in a down swing, it's arguable that today the site is largely on the up and up. Well, at least part of it, anyway. What intersection is pictured here?
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