New-York tribune., 1909-12-19
BIG DOWNTOWN SALES
THREE SITES IN THE DISTRICT VALUED At
s45OOOOO SOLD LAST WEEK.
Speculative Buying the Neso Loft Centres Feature Of thu
Market-Important Deals IN Many Other Sections.

construction have been sold from the plan,
and this is proof positive OF the growing
demands of business concerns for more
modern quarters in the wholesale business
areas Last week he sold the new six
story, fireproof mercantile building Nos.
4ss and AS Greenwich street. on a plot BOX
% feet to Bleecker & Simons. In payment
he took a plot of eight lots on the south
side of Vermiye avenue. one hundred feet
north of Dyckman street Joshua l.. Evans
and H. +. Conolly were the brokers in that
transaction
The trading in the midtown loft districts
resulted in the sale of the twelve story loft
building being built at Nos 40 and ~ West
18th street. of the two four story dwelling
houses Nos. $50 and 252 West 25th street, of
the four four and five story fiathouses No.
15l TO l57 West 26th street, of the premises
Nos ll0 and ll2 West 3oth street. a seven
story mercantile building, to an investor:
of the four story tenement house. with
stores, No. 345 Seventh avenue, of No. 23s
West 26th street. a three story dwelling
house; of No. l4i to l50 West 9th street.
old four story buildings; of Nos. 236 and
2Ss West 9th street two five story fat
houses. and number of other parcels
within the boundaries of this rapidly grow
BUYING IN FOURTH AVENUE.
The Fourth avenue retail and wholesale
business district was considerably strength
ened in the week by the purchase by Mills
& Gibb. one of the largest drygOods i'm
porting and jobbng houses in this country,
of the Fourth Avenue PRESBYTERIAN Church
property at the northwest corner of I'D
street and Fourth avenue, for $3.50. 900. That
was an all-cash deal, the broker being
Henry r. Dwight. On the site Mills s&
Glib, who since 1880 have been located at
Grand street and Broadway, will erect
building for their own use. The structure
will probably be sixteen stories. The site
measures 1,l42 feet on the avenue and 100
feet in 22d street. In April. 1858. the church
bought the property for $4,000.
Another important midtown transaction
was the resale by Arnstein & Levy and
George Backer of the two four story dwell
ing houses Nos. 76 and IS Madison avenue,
at the southwest corner of 2Sth street The
sellers purchased the property a few weeks
ago, and later leased it to Blum & Koch
for twenty-one years.
Another large cooperative apartment
house is to be built i'm Park avenue from
plans by Walter b. Chambers 1t will be
eItcleu Dy tne cooperative Building Con-
struction Company on the premises No.
5eo 10 569 Park avenue. 65.5x1OOx irregular.
on the site are two five story fathouses
II adjoins the twelve story apartment
building now being erected by the buyers
at the northeast corner of cd street The
Cooperative company bought the property
last week from the City Real Estate Com
pany. through Payson Mel. Merrill and
Douglas Robinson. Charles S. Brown Com
pany. This will be the fourth cooperative
apartment house TO be erected in Park
avenue by the Cooperative company
Leroy Coventry and Daniel p Ritchey
sold last week for Maria T. McAvoy the
Hotel Narragansett. d twelve story build
ing on the easterly side of Broadway, lust
south of 9ith street. TO A. X. Bonita. The
purchase price was about 100000 Mr.
Bonita owns the Bonita Hotel adjoining.
Buyers were found last week for a plot
OF twelve lots in Riverside Drive lust
north of 177th street, and for a number of
other big vacant parcels i'm this beautiful
section OF Washington Heights.