New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-10
BIG REAL ESTATE TRANSFER
THE SOUTHWEST CORNER OF NINE
TEENrH-sr. AND FOURTH-AvE. SOLD.

TT IS PURCHASED FROM THE ADAMS EMPRESS
COMPANY FOR 81 .4ooooO-LARGE BUILDING
To RE ERECTED FOR THE AMERICAN
1IrHoGRApHIc COMPANY.
roo,..s,a,o deal OF unusually large proportions
has been quietly accomplished in the iaS' ie~ oar
and will be placed on the public records III "
or So The transaction involves N'f",oo ,ha
referred 10 is the purchase by the Ne" -
Manhattan and the Central Real ESTATE
,ion Of New-York of the plot OF ground Oh nv
southwest corner of Fourth-ave anu .cno ooo
9, from tho Adams Express Company ior s''V'
The lots comprising this property nave pe'
cupjed for years and have been IN 'he mo"
until the last year. when the "oo'
purchasers secured option on tnei''' ,.x
The property has frontage OF lSi 1ee' Il, o"'
-, ooo 600, In \ineteenth-st 1t adtoins the
DeIvedere House and extends toward hIo"u""'
almost 10 w 81 j. Sloanes carpet s'ore ~ 80 =
garded as one OF the most desiraoie p .,
occupied land below Twenty-third-s.' Inns r
Fourth-ave recently has become the centre w.
rea,estate boom number OF well-kho"n p"'"e
and prvate institutions have erected ih"e'
business structures in this neighborhood' WHY"
have greatly enhanced the value OF reai es'"'' "
this district OF the city , -.
MOST interesting feature OF this purchase by
the real-estate association is the iac' una
under contract to begin at once the erec'o" %
,,.o,ve-s,orv modern steel building which VIII DC
leased bv the American Lithographic Oo'Hp"'''.
This company is OF the largest 'oiP' ~
in the country. 1t has extensive prahcnes " ~,
cinnat St Louis. Jersey City and IN ''he' ''''''
When it's new building is ready for occupaii''' az
Fourth-ave and Nineteenth-st., IL PROPOSES -, ~ 49,,
centrate all its branches in this building 10y inns
means employment will be given 10 more thah '"o
thousand operatives.
The proposed building will be in every respect Z"
frst-class business structure. Its estimated cos.
and rs.
No 400 broadway Mr.. Berger has been al worn
On the plans several weeks. and they are "o"
nearly completed Work on the buidlhg WI" pee'"
in few weeks AS the entire building VII. DC
leased for twenty-one years by the Ame'0""
IAthographic Company. Z. D. Lindsay mas Deen
retained as a consulting architect for the special
purpose OF looking after the interests OF the Ten
ants The brokers who arranged the lease are ne
Selding Brothers, OF No SO Liberty-st
The property was purchased about eight years
ago by the Adams Express Company Tor the pun
pose OF establishing great express once there'
A, that time the plot was covered with ordinary
city dwelling houses. but these were removed by
the express company and preparations were Hi"ue
for erecting a grand central express station Al
this time the New-York Central and Harlem raii-
roads were running freight down Fourth-
ave. to Centre-st. 1t seems 10 have been the ldea
OF the express company's officials 10 run express
cars directly into the building they proposed to
erect the Fourth-ave and Nfneteenth-s' prop
erty, but the railroad officials subsequent! as
continued running down Fourth-ave below
Forty second-st. thus seriously interfering with
the original plans of the express company The re-
suit has been that the express company officials
held on TO the property some years, hoping that
they might still arrange to carry ou' their mrs ,
plan: but this hope finally abandoned, anu
the property was placed upon the market
The New-York. the Manhattan and the Central
Real Estate Association. it is said. organized
for the express purpose of securing this piece OF
property. 1t formed as a stock company, with
q capital Of 10000. June g. 1895 The organizers
OF the association previously had secured an OPP
tion on the property, that when the association
was Incorporated it had a great business deal cut
and dried for II. 80,
All the directors Of the association are we'll
known business men, most OF whom have mace
Samuel ID. Babcock, George p. Slade. Henry h.
Barnes. Jacob Wendell and William p Dixon;
Mr. Slade is the treasurer Of the company ana
has his Office at No 300 Broadway Among the
prominent stockholders Of the company are the
Rev Dr. Eugene A. Hoffman. dean of the General
Theological Seminary; Isaac ". How. Charles |:
Getting OF Boston, and John T. Morse, jr, also Of
Boston.