New-York tribune., 1909-06-09
TWO FIFTH AVE. DEALS
lease IN BUSINESS ZONE.
e. Schirmer, Music Publisher, to
Build en- Vest sd Street.

. large volume Of business transacted
.s-ssv IN the real estate market. One Of the
-s,cnal deals was the leasing by G. Schirmer,
-, nubsher OF plot with frontage Of 60 feet
- +be north side of 43d street, adjoining the
--,nle Eraanu-EI. at the northeast corner of 43d
-. and Fifth avenue. The property is owned
- +be Phipps estate Douglas Robinson, Charles
3 brown & CO. were the brokers. The publishing
t,use MI erect on the site building for its
use
a.,ce facing the East Drive in Central Park, just
% the south Of the homes Of Henry Phipps and
.nsrew Carnegie. It was purchased for about
,@g0o by Michael Drecer. a diamond merchant.
,ho already owns several prominent parcels in the
hnsiness section Of Fifth avenue
TIE Thav Rouse is No 1895 Fifth avenue It is
~ storv English basement structure. occupying
M 22xzo6 feet. and was purchased by Mrs. Thaw
sbaut year ego for S1S5.oo0 from ". W & T NJ.
gsn who built the house. It is in the block be
tzesn sth and s6th streets. both corners of which
e-e now being improved X. Starr Miller is erect
I-z z7-foot dwelling house on the Soth street
corner. and James B. Clews is Just completing
4,e house on the S5th street corner.
There was report yesterday that the Hotel Wer-
,er had been sold TO well known operator. The
bostlerv is an eight story structure, occupying
MOT s5x1oe5 feet at Nos. 1S2 and 134 West 45th
s.-set adjoining the east the Hudson Theatre
The property is in the block between Sixth avenue
and Broadway and is owned by the Hoffman es-
-s-e which had been holding the realty price
around Sl5Aeaa.
-snn) sold plot 1o5x97x irregular ar the northeast
co-ner Of eSth street and Riverside Drive. Samuel
Bsrkin Is the buyer He viii erect an apartment
house OF the site.
Plans have been fled for = six story house TO be
hr,ilr for c X Luvster jr on 10Th street. west Of
Madison avenue. L will be = feet front and 20
feet deep Il viii be in the style Of the French
Renaissance. from designs by John H. Duncan.
There vii be. easement windows and small balco-
riss Il the second story The cost will be S35 600
Plans have also been fled for enargihg the four
story and basement house Of Mrs. Elsie Nicholas
Potter at No. 10 East 54th street. adding three
storv and basement extension and making the
facade with large swell bay at the second story
The improvements are 10 cost SSGpo, and will be
made from drawings by Grosvenor Atterbury, with
Julian 1. Peabody as associate architect.
There was brisk market yesterday for suburban
properties. White Plains deals being feature.
John J. Haley. q well known drygoods merchant,
bought plot at White Plains. with frontage Of
s. feet and a depth of is feet. At $1,000 front
foot. The property is at No. e3 Railroad avenue,
and was owned ty Merwin Sniffen. Mr.. Haley Will
enlarge the building OF the site and use it for his
business.
The price sustains other values which are heing
asked for similar property on the same street.
For instance, eight years ago William Y. Molloy,
then Sheriff Of Westchester County, bought plot
Of IS feet al Railroad avenue and William street,
nearly opposite the courthouse for $500. After
the deal was closed Mr.. Mooy, thinking that he
had made unfavorable purchase, is said TO have
offered to surrender the 500 he had paid con-
tract, but the owner refused the proposition. The
estate OF Sheriff Mooy has since refused $4,000 for
the property.
Walter Sniffen. who owns 15-foot frontage on
Railroad avenue. opposite Grove street, is ano-,r.-
fortunate White Plains investor He bought i.e
property ten years ago for about sl,4on and .ha--
since refused $4,000
Ground has been broken by Jacobs & Young con-
tractors, the adjoining the Molloy
corner for the new S000O Office building of the
Nestchester and Bronx Title. Mortgage and Guar
snty Company The building viii be constructed so
that four more stories be added needed. |
and expected that eventually building cost
ing Sl500o0 win ornament the site.
The Fiscal Agency Company, Of White Plains, has |
sold to the Nahopac Realty Company all OF the |
Genung farm, on the west side OF Lake Mahopac; |
also 10 the same company eighteen acres of the /
william D. Pierce farm AID the Ryder tract of six /
4hc one-haf acres This gives the company a /
frontage Of about 200 feet on the lake