New-York tribune., 1910-02-26

large number of high class properties
a Manhattan and The Bronx changed hands
yesterday.
In the upper Fifth avenue district a buy
or was found for a five story American
basement house: in the district south OF 14th
street the trading resulted in 2 change
OF ownership of several tenement houses; In
the midtown zone, west of Sixth avenue, OF
q four story building. and in the upper
West Side OF some home sites,
The largest real estate deal of The year
was reported yesterday. II WAS the pur-
chase by the American Real Estate Com
many OF the new eighteen story Merchants
Exchange Building. at the southwest cor
ner Of Fifth avenue and 18th street, from
the Merchants Exchange Building Com
psny. II gave in part payment the block
bounded by Dyckmsn street. Nagle avenue,
Post and Academy streets. The transac-
ton involves over $4,000, 600.
The building WAS purchased as an invest
r1ent by the American Real Estate Com
pany. It is one Of the highest class COM
rnercisi structures in the city. IT is at
Nos f1z and 1i6 Fifth avenue. a plot
with eets feet frontage in Fifth avenue and
40 feet depth in 18th street 1t Was de-
eisned by Mayniclle & FRANKIE. architects.
and built under the direction Of Henry
Corn, president of the selling company.
The first thirteen floors Of the building
are laid out in lofts. The top five floors
are divided into sales and show rooms of
ample proportions Although the building
was not completed until January !, il is
filling rapidly with high grade tenants he
cause OF its advantageous location, good
construction an6 exceptional equipment. The
tenant of the ground floor, basement and
srst floor loft is c. Seidenberg & Co, manu-
factursrs and importers of laces. Among
the tenants on the loft floors are Follrler,
Cloge & Co. umbrellas and parasols; the
Whittzll Carpet Company and John c. Uhr-
iaGb. importer of Oriental rugs. The sales
rooms gre occupied by large out-ottown
concerns manufacturers. jobbers etc, as
New York headquarters for Offices and dis
play rooms. One of the lessees of show
room space is the house Of kuppenheinler,
OF Chicago.
The Dycknlaa property taken over is a.
the Dycknlan street station OF tho subway,
and is ready for in1med:ite improvement.
1t was acquired by the company nine years
ego. when property there was worth about
25 per cent of its value to-day.
This is the third large piece Of investment
property bought by the American Real Es-
tate Company already this year. Its other
purchases were the Night and Day Bank
building 81 No. 527 Fifth avenue and the
Mercantile Building. at 10. 81 10 ee Yves.
c1st street
The conversion of the extensive vacant
land holdings of this company and the
capitalizing Of the profits realized therefrom
in high grade income properties cf this
character marks new and interesting line
Of activity or she part OF these large oper-
ators
The buyers were represented in the trans
actions by Mark RafaIsky & CO. and T
Clarence Davies
PLAN TWELVE STORY BUILDING
Another important midtown transaction
yesterday was the sale by Parish. Fisher
d Co and the Douglas Robinson. Charles
y Brown Company TO the Harvard Realty
ano Construction Company of the prem
tses No q East 22d street The bt1ver also
owns an adjoining site. No l3 to Ie and
wlIl erect a twelve story high class busi-
ness structure on the combined parcel
Z. b. J. Snyder. chief architect of the
department of Education has filed plans
lor i've story public school to be built
pH lhe city at the northeast corner Of Bax-
Ter and Hester streets. replacing School I3O
OF which Mary A Underhiii is principal
1 he proposed structure will have a front
age OF 2e3 feet on Baxter street and will
De a handsome example of the modified
6otnlc style lighted by large mullion bays
alo crowned with parapets adorned with
clusters OF pinnacles. II viii have girls
playground adjoining the assembly audi
1orlum on the main floor and q second
gISNgroQnd on the roof of This auditorium.
Inc ouiidlng is TO cost $3oo000. II will be of
gray brick, with limestone trimmings
Plans have also been filed for an eight
story apartment house, with suites for
eighteen families. to be built from designs
~ albert Joseph Booker, as architect, at
mo 10 20 ae East 62d street, for the 4o-.6
last ga Street Company OF which II
Allen DALEY OF Ardmere, Penn, is presi-
oent- Ii IS 10 be Of terra Gotta trimmed
bflck. with a frontage OF 664 feet and a
depth OF S4S feet. and will cost s2o00DO
Plans have also been flied for partly re-
modelling Suffers Casino. at Second ave
nue. ana lzsth street. installing a cafe and
Tor reinodelling, refitting and mcdernizing
me olo-fashioned five story loft and office
building al Nos. 149 and l5l Front street
extending through 10 Nos. Iye and I52
Maiden Lane. the improvements 10 be
made al a cost OF $1,000. from designs by
Iaylor Mosley for Carl II. Steifel as