New-York tribune., 1907-11-15
FOR SARANAC $9I9,OOO.
BUYERS NAME WITHHELD
Market Found for an East 94th
Street Parcel.

Street Parcel.
William Simpson. a retired grocer. bought yes
terday at voluntary sale the Hotel Saranac,
formerly the Rossmore Hotel. No. 1457 TO 146l
Broadway and No $50 to 593 9TH ave.
for $919.OOO. He said he was acting for Il per
son known to the seller. w H. Wheelock. Of
Douglas Robinson, Charles 5. Brown & Co. bid
S91S.O0O for the property 1t was said that he
made the bid for the Coe estate. which owns
the Metropole. adjoining the Hotel Saranac.
There was also report late in the afternoon
that Mr.. Simpson. the successful bidder repre-
sented Brokaw Brothers. hut the report could
not be confirmed. The seller of the property
was the New Amsterdam National Bank, Of
which Frank W. Kinsman. jr., is president. The
sale was held in the Real Estate Salesrooms,
Nos. II and 16 Vesey St. by Joseph z. Day.
The Saranac was erected i'm 1874, and was
for many years one OF the best known hotels in
the city. Patrick Roche was one of its more
recent propretors.
In 1901 tho hotel was bought by Charles T.
Barney for 100000. or at the rate of $40 a
square foot Title was taken by John O. Baker
In January. 1904. it was transferred by Mr.
Baker to the New Amsterdam National Bank
for = nominal sum over Il mortgage Of SJOO!Wo
Mr.. Baker representing the proprietary syndi-
cate of which Charles T. Barney and z. w.
Morse, also directors in the New AmsterdaTr
National Bank. were members. In the spring
Of 1904 il was commonly rumored that an OTTER
OF 81 OOOO01 had been refused for the hotei
property by the bank. which. it was said. held II
at 81 10000 or about Sis square foot Ihe
promises have a frontage of 9@ feet In Broad
way and Of 50 feet in 9TH ave, north
line of 9911 feet and a south line OF III =
feet The property is right in the centre or the
principal theatrical section and the new Broad
two
cral syndicatcs and many individuals offered 10
purchase the parcel, and il was these offers
that actuated the directors OF the bank TO put
ND the hotel at voluntary auction sale yester-
day oo,o
The prcmlscs were sold subject 10 S4Oooo
mortgage at per cent, held by the EqultanIe
Life Assurance Society and due on September
l. 1910 The mortgage may be paid any tInS
after August 81. 1908. They were also sold sup
Jcct to existing leases amounting to ABOUT F'''-
coo yearly IN rentas). which may be terminated
on sixty davs' notice The terms of the sale
were casv as up to 60 per cent of tho pur-
chase prfce over and above ths mortgage or
100000 could remain bond and mortgage
for one year at per cent Ten per cent or the
purchase money was to be paid on the day OF
sale.
Tho bidding was started by William Rosenz-
veig at 100000. Among the other bidders
we're William II. Chesebrough. S II. stone ana
David /. Phillips
other auction offerings Of real estate resu''eu
as follows:
rv Jossrh =. nay: Eroadvay, 10 42s to Az. :
~ ~ ryovard 81 sc1i23 5x1o1 * irreg; six ETY. loft
- tore. ,r7,s,oes. sale; 20 Fernando w Benner
for client f7r S+75Co0. Bedford ST. No - to ss anu
y, g. 10 IS Barrow cor. osKl-s'xoV0ll" H. sen
avo ety nathouso trustees sale; eslA'" ol - ~,
loi.Io, deceased, 10 Harsell party In htet
c.+ Cor $50 90 sth ave nos 7GO and 162 r. 900 II
or 4Tth St so1ico IT. four siy bldg win store ,o'
sale: 70 Robert zobeI Tor S6o.oo0 4cth st. No &S
II p 20 Il OF sth ave- 2511oO5 n; three sty ork bldg
vol salo: 10 panahar for *36s5o 2lst ST. NO On
O. a. 1i6 It o - 1Ox1oox irreg; four sty DIX
bldg and store: Townsend agt Elizabeth Harden
hcrrh a. al; Coney & attys G Graham ref amt due
las as taxes ETC. 81 $50 50; adjourned TO November
q 15oth g. No 275. n ., go n Of 9TH ave. 4ouN
aa II n: i've ETY. brk fathouse 10th e. NO 81 n =
-. o q 9Th ave, 401ixse11 D sty DIX I''''uss
1-oth A. 70 go. Ass W Of Ith ave 4oliNH' H.
,o .t hrls natlouse: Fisher AIT Barnet Miller e.
al. Nicholas Ale!nikon atty; + ConneH1' F''
amt due SIS l6a IS; taxes. etc. $-'SSo o. 4" "''
rlalu,iT for S125 Ooo. IS and 80 l5th ~ p
400 II " OF 9th ave- c5xaa 2x25sxa34 ten sy br1 ana
stone loft and bldg Louis Seaman ast Nellie Cot
ter 81 al: straurs \. L Jacobs ref amt due
S26P7l 80. taxes, etr. $500: sub to hTst mtse or
e., 600. m tho plaintiff for SiOeOO 1884 Bathgate
s lSa n 10th 27xa56. two sty frame dwE rs
Westchcster Ius Go agt J A McAlahon ct al = NJ
Tchenor atty: Z Graves ref due. $l.7ls o. taxes
etc 81 zoo to \ Mahon for S4.45O. p ave- n W cor
126th st. aeNllxOo six sty brl fats and store
ReDecca Meryash agt Abraham Small ct AL Johnston
= attys; william Klein. ref. amt due Sl868l boi to the
pianun Sl21 600.
I,y d = Ingraham Broome st, No ABB 491o n g
OF crosby st. 25122125xl2 brk loft and
bldg: G Tucker Z + Tucker ct al: Mongnani r.
attys; = y Morgan. ref. Partition adjourned sine die.
BY 10 WaI;earEs Hillside st. l. about 252 It a Of
Troa luay, 6Ox2264 NJ l. LanATcha, general gdn: J -
McEachern. atty; Byrnes special gdn: petitioners
sale Of all right title. Phoebe and a NJ Stimmel;
to Andrew ] IarFin $500.
Mr.. Day will offer for sale to-day in tho auc-
ton rooms. No. 63 West 54tn st, a five story
brick dwelling house. 13x10O.5 feet.
Gilsey, Havemeyer & Jenny have sold for the
estate of Mrs. V. D. Fish the four story brown
stone front dwelling house No 149 East 34th st.
to George g. Moore, owner of No 151 TO 100
East 34th st. Plans for the remodelng of the
plans were fled yesterday. Gilsey. Havemeyer
& Janney have leased the ground floor and
basement to the PostofIice Department for a
term Of ten years. at an aggregate rental OF
$4,000. The upper part Of tho building will
be altered for bachelor apartments.