New-York tribune., 1909-11-12

Speculative ana investment operations
in the central Fourth avenue district in
dicate that this rapidly growing district
of the greater city has lost none of the
attractivencss, for which il was noted
early this year
a speculative deal in the zone was a
feature Of the realty market yesterday.
iOhn Palmer bought the three old build
ings No. l09 10 1l3 East 26th street, 62.6N
zoo feet. from Mrs. ]. Giberson. through
\. A. Berwin a Co. The parcel Is
near the site OF the old Putnam House. AT
thc northeast corner OF 26th street and
Fourth avenue, and IL opposite the new
esth Regiment ArmOry. Mr Palmer will
hold the property for an advance IN value.
Another important transaction reported
yesterday was the sale by Herbert A.
sherman for the Charles II. welling Com
pany OF the four story dwelling house. No.
30 Park avenue. plot 2sNll5 feet, 10
q client Of Douglas Robinson. Charles =
Brown a Co. This parcel forms a
part of the block bounded by Seth and
27th streets. Park and Madison avenues.
J. Pierpont Morgan is the owner OF the
larger part Of the block Adjoining the
Park avenue house. IN the rear. is the
home OF Herbert l.. Satterlee. son-in-law
of Mr. Morgan. The property was held at
$4,000
AAlttf ldfEe uptown deals were reported
one transaction involved sl2500o0 II was
the purchase by Robert T. bowling. presi-
dent of the City Investing Company. from
the trustees OF the Thomas W. Evans Aiu-
scum and Institute. OF Philadelphia. OF the
entire block bounded by Broadway and
West End avenue. seth and Goth streets
Horace :. Ely q Co. and Lewis Il. Preston
were the brokers IN the transaction.
The block measures 2N.5 feet both
Broadway and West End avenue. and S25
feet on each street. and contains twenty-six
lots
Dr. Thomas ". Evans bought the prop
srty IN 1873 with proceeds secured from the
sale OF piece Of land in Broadway, near
Dey street. His win provided that large
part OF his estate should be devoted 10 the
creation OF an endowment for The Evans
Museum and Institute. Several Manhattan
properties were transferred 10 the trustees.
and the Broadway block is the Third 10 be
sold by them.
IN a trade involving s75A,eo0 the Keats
snd Lotus realty companies figured.
The Keats company bought from the
lotus company the former Phoenix lnsur-
Anoe building. no. j 10 20 Court street,
Brooklyn, a seven story Office structure,
occupying q plot with frontage OF 60
feet and depth OF l25 and Il feet on
she southerly and nOrtherly lines, respec-
sively The property adjoins the GARFIELD
Building. al the northwest corner OF Rem
sen street. and is only q feet south OF
Montague street
In part payment for the property the
Keats company gave its Bronx holdings,
consisting Of about thirty mine lots in The
Bronx and including the block front on
tho south side of I79th street, between
Third aI-- Monterey avenues, With front
sges Of al5. 100 and J04 feet, respectively;
eight lots. eO0xlOo. adjoining on Monterey
avenue. the entire block front Of sixteen
lots on the east side Of Monterey avenue,
between I7Sth and 18TH streets, and the
block front Of about eight lots on the north
sido Of 18th street. between Monterey and
Ia Fountsine avenues.
Senator Timothy ID. Sullivan. who al
ready owns several choice pieces OF realty
on Manhattan island. added TO his holdings
by the purchase of a corner plot in the
Dyckmsn section. lie bought from Ed
mund J. Trowbridge the plot OF four lots
a. the southeast corner Of Sherman avenue
end Hawthorne street. with frontages Of
ITO and leo feet respectively. AIR. Trow-
bridge was represented in the deal by The
Deane Realty Company.
sherman avenue with width Of 100
feet running dagonally from Broadway
20 Amsterdam avenue, promises 10 be one
Of the important thoroughfares IN the
pvckman section.
n was learned yesterday that a 500 0o0
spartment hotel Of twelve stories viii be
bunt by the Dow Construction Company,
from plans by Thompson & FrOhling, on
the plot. l00xl50, at the northwest corner
az Broadway and 18th street. recently
purchased by the company from Dennis
J. Dwyer and William Haight.
The structure is expected 20 be under
~av before the close Of the yoar. N will
cover the entire plot. and will have a
public restaurant on the ground floor and
a private restaurant for tenants on the
top floor.
Plans have been fled for a new one
story freproof theatre for moving picture
exhibitions. 20 be built for Eugene Higgins,
as owner. al a cost OF S3.O0O from designs
l,v Louis Korn, at Nos. lS2 and 1S4 West
1920 street next door 70 the new postoffice
building he is erecting for Station ]. and
for i've story factory 20 be built for l.
Levy from designs by Sommerfeld Steck-
Ier. al 40. 50 Ridge street al cost Of
10000.
Plans have also been filed FOR renodelling
and rcntting tho eight story tenement house
az the southwest corner Of Third avenue
and 18th street, the improvements Including
fhe installation OF hreproof ceilings, and
being made for Samuel p. Clifford from d
signs by J. B. Snook's Sons and for re-
modelling the four i've story fiathouses at
No scs 20 335 East 4Sth street AT cost
Of SIC 600, for Ferdinand J. Sulzberger. and
;mproving the ventilation and lighting, the
designs being by OttO L. Spannhake.
Plans have also been flied for charging
fhe TIFFANY Studios al the southeast cor
rer of Madison avenue and s5th street,
which used 20 be the Knickerbocker Ath-
ietic Club house. by adding two stories.
with TWO rnezzanine floors, IN addition at
the rear, from designs by Clarence True,
making OF the building an eight story
structure throughout This is the second
enlargement % the building since Tiffany
a 90. came into possession.
Plans have also been filed for making
over the three story apartment and shops
OF 70. 2O2 West SD street into a day
nursery and kindergarten for the Union
BAPTIST Church, with Mrs. =. J.. Walton
ns head The front viii be remodelled
and the top floor furnished as q dining
fali. a play room and crib room, with
dormitories on tie floor below. and an
Office and Inairon's room on the first floor.
The improvements are 30 be made from
designs by William Emerson