In its early years, according to the New York Times' Christopher Gray, spaces like Prospect Hall "sounded the heartbeat of the city" by hosting a variety of public and private events. It hosted political events like a rally held by William Randolph Hearst in 1906, a debate in 1907, an event featuring William Jennings Bryan in 1908, and a gathering in support of local subway service which drew 3,500 people. Many international celebrities held performances there, like opera star Enrico Caruso, Lena Horne, Ginger Rogers, Fred Astaire, and others. In 1911, singer and comedian Sophie Tucker performed. Al Capone was known to have a box at the hall. The venue also hosted meetings for politicians and club leaders, with certain nights devoted to annual balls in honor of several leaders. Organizations such as the Brooklyn Quartet Club and Brooklyn Rifle Club were also housed in the building.

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