New-York tribune., 1909-12-16

The Manhattan Trust Company bought
yesterday. through Huston & Asinari. from
Mrs. Helena L. Gillender Asinari. the Gil
lender Building. nineteen story bank and
SOC building az the northwest corner Of
Wall and Nassau streets. The property
was held at sl.50a. Gee. and the purchase
price was close 40 that figure. IL is said.
As the plot occupied by the structure COM
prises .Se5 square feet. about sS25
square foot was paid for the site That
would be the new high record price for
land on Manhattan Island. provided the
worth OF the building on the plot did not
figure largely in the sum which was OBJ
tanned fer the property: but the building
was erected only twelve years ago and is
a modern skyscraper. In fact. IL is one OF
the best built structures I'm the financial
district. For this reason the purchase
price is not likely 10 be considered a new
record FOR Manhattan property.
Opposite the site are the Suh-Treasury
Building and the Office Of J. y. Morgan
e. co.
The Manhattan Trust Company has oc-
cupied the site for many years. il was
a tenant OF fhe premises previous 10 the
erection Of the present buildSg. In 1896.
which replaced the Union Building. IL
purchased the premises for its own use.
ited the property from George Lovett, her
grandfather. In 1919
Adjoining the Gillender site on both its
Wall and Nassau street frontage is the old
Stevens building. which was leased last
summer 10 the Bankers Trust Company
for a term OF siNty-three wears and for
which plot q new building has been
planned.
a BUILDING RECORD.
special Manhattan building report for
the period from January l. 1896. to Decem-
her last. which was compiled by James
W. Spencer. OF the Buildings Department.
shows that that construction record has
never been surpassed in any similar period
in the history OF building operations in the
city
The number OF buildings planned was slss.
and the total cost was SSSS 7SSo00. The larg-
est part OF this construction work COM
pTised high class apartment houses, multi
family hsthouses and tenement houses.
There were also filed with the department
plans for structures in the same classes
which viii call for a further expenditure
of S76.2l0s00 before 1912 Most OF those
buildings are designed for the upper West
Side, including Washington Heights. River
side Drive Morningside Park and Cathe-
dral Parkway.
In 1906 the amount OF So. .S72 900 was spent
on ss5 buildings; in 1897. s27.0sI0oO on 500
buildings, this being the panic year: in 1905.
sZ5.s25.oo0 on 2l0 buildings. and this year.
s65.S9l.coO on 42S buildings.
The second place in the amount Of capital
invested belongs TO the Office class Of build
ings, Of which there were ISL planned in
the four years representing a capital in
vestment OF SS4 $4,000 Next TO the Office
buildings rank loft and store buildings.
which numbered 5s5. calling for a capital
investment of SCI. 81 900.
Other classes Of buildings planned in the
last four years. together with the estimated
cost. were theatres, etc. IS, sl5.570Oe0: mu-
nicipal buildings, .. S5.s7e0J0; hotels. p.
sloI0o.00o; churches. 30. ss7sS.O00: 4 schools.
s6,S65000. and 80 factories and workshops
calling for an expenditure Of 1854 600.
There were also I7s stables and garages.
mostly the latter, the estimated cost being
IS 466.c00
Those figures do not include the vest sum
spent for improvements. alterations. mod
ornizing, etc. In the four years improve
menis on l2.6l5 buildings We're projected al
an estimated cost Of So. .65s.O00.
The entire capital investment represented
in the plans filed with Superintendent Muir
ply In the four years. both for new build
ings and Improvements on old ones, was
given as s44G.s2S.657 for I7.7s4 projects.
Plans have been fled Tor a six story
apartment house on l57th street. west OF
Broadway, TO cost Sl500O The building
will have a front OF ll2G feet. will con-
tain apartments for thirty-o families and
will be from designs by Neville a Bagge
" The owner is Sarah Harris
Henry Buttman will build a FIVE Story
garage, 5oXs5 feet, on 10Th street, west Of
Amsterdam avenue. 10 cost ss5,o00 The
designs are by Il. J.. Young
Alterations are 10 be made in the two
factory buildings al No. BIS 10 go East
Houston street by n Zimmermann. the
owner, 10 cost s25Oo0 from plans flied by
Sommerfeld a. Steclxler. The buildings are
OF four and FIVE stories.
The four story loft building al Nos. 50
and % Sullivan street is 10 be enlarged
by the addition Of an annex Of five stories.
with a frontage OF az feet on Watts
street, costing $1,000, frOm plans filed by
Peter Roberts Tor the owner Charles
Buskleman.
The American Express Company has
filed plans for enlarging the seven story
factory building st the junction Of De
addition OF a seven story extension al
the triangular piece OF land left after the
creation OF the Delaney street extension
The improvements will be made from de-
signs by Dodge & Morrison at a cost OF
$1,000