New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-13
LARGE DEAL In WEST-ST
Block Front There Changes
Hands.
Changes

GO, ,o--o choice parceIs Of land sold
Yesterday One Of them was purchaseu oy
syndicate organized by William h. Cheseorough'
and Including Oakleigh Thorne. William O. Park
- v-,rl;.r, tt t~hesebrough from George NJ. Muir
raw as executor % the John c. Beam estate II was
;he block front in West-st-, between Ceoaf ana Al
bany SITS a rectangular plot wIth frontage OF 40e
feet in Nest-st overlooking the North River or 70
feet in Cedar-st and IS feet in AoaHEst- 1-le pol
comprises ESQ square feet
The same syndicate has bought from Florence w
Kenney No. q Albany-st-. adjoining the DOCK front
in west-st. which It has bought The Albany-st
plot has frontage OF p feet ~ lnches anu Is -
feet inches in depth.
No announcement Of the prices paid was MADE.
II has not been definitely determined what use VIII
be made OF the property. which is one OF the most
unique parcels in the lower part OF Manhattan
Island. 1t is known however. that the purchasers
have been offered substantial profit from large
corporation since the closing of the contracts II
II thought that the purchase will result in snort
time in improvement OF the entire plot Win 4
modern skyscraper office building
The plot is than 1000 feet from the Equitable
Building at the southwest corner of Broadway and
Cecar-st II therefore may be said 10 be WITHIN
100 feet OF the financial district. In addition. it
possesses much the same advantages as the DOCK
front on Battery Place which was improved about
years ago by the same operators with the TWEEN
~ story Whitehall Building. which is one Of the
most II not the most. successful OF the larger ONCE
buildings in the lower part Of the city.
The Encouragement Of the present frontages OF
the Trinity and Boreel sites and the proposed clos
ing Of Temple Place and the consequent improve
Inent with tremendous office STRUCTURE on the
Boreel site rearrangeo will, II is thougnt, nave
an important influence the West-st block, whch
IL is 10 be remembered is almost directly opposite
the ferry terminals OF the Pennsylvania and the
Central Railroad Of New-Jersey.
The broker in the purchase of the West-st. block
front was F. J. Carroll. Fish Brothers negotiated
the sale Of the Albanv-st. parcel.
Another big transaction yesterday was the sale
by the United States Realty and Construction Com
pany and the Century Realty Company Of plot,
<5196IO feet the south side Of Forty-fourth-st..
I05 feet OF Fiftil-ave for $4,000 Pierre G.
Carroll representing Wetzel. the Fifth-aye. tailor
The parcel is part Of the famous Paran stevens
plot. The Wetzel store is in the Altman block IN
Fifti-ave., between Thirty-fourth and ThirtE-nfth
SITS and when he moves from there Il viii be TO a
modern building which is to be built for the store
the Paran Stevens block, just bought. The price
paid by Mr. Wetzel for the parcel is said TO make
new record price a square foot for street lots IN
the section. The entire property. which mad 6
frontage Of 95 feet 10 inches on Fifth-ave and lay
feet on Forty-fcurth-st.. was bought May q. 1902
from the Paran Stevens estate by a syndicate com
posed OF Percival ". Clement. the Century Realty
Company. Edmund l. Bayless and Richard NJ
Montgomery. and resold in May. 1904 10 the
resol6 one-half interest 10 the United states
Realty and Construction Company. The title TO
the property vested IN the Fifth-ave and
Forty-fourth-st company. in which the two larger
companies each One-lalf interest
Another interesting transaction reported yester-
day the purchase by jefferson VI. Levy OF No