New-York tribune., 1910-02-20
MIDTOWN ZONES ACTIVE
MANY LARGE SALES IN THE DISTRICTS
M4DE LAST WEEK.
Jtos Prominent in the Tr ading- Market for Modern
Dscelling and apartment Hou ses.

yestor Of tho new twelve story store ana
lofr building No. 12l to Ia West 9th street,
on q plot I1os1eo feet The building is fully
rented for total of about soaoOo year.
Adjoining il 10 the west, at No 129 TO lS3
West 9th street. is similar structure on
a frontage OF 75 feet, built at the same
time and sold only a few weeks ago TO
+ Epstein for about s450,eoo-
Construction work on the buildings was
not begun until last July. so that within
eight months these two structures, valued
at s1,leo 900, and having a total rent roll OF
about $4,000 year. have been ouiit, fuily
tenanted and sold TO investors.
The trading last week in several dis
tricts reflected big change in the plans
of some we'll known buyers. Bing & Bing
entered the district just south of 57th
street and west of Ninth avenue. and their
plans there provide for the improvement
of the premises No. BAT to 555 West 55th
street, five four story and basement stone
front dwelling houses, on a plot of about
four lots 200 feet east Of Ninth avenue.
with eight story elevator apartment
house The structure will be built from
plans by Schwartz & Gross. It is many
years since such project has been
launched in this district. which. according
to some real estate experts. is going to be
made into attractive apartment house
zone. The property sold was owned by
John T. Wall, S. Sprung and Conrad Null
Ter.
Henry Corn entered the Dyckman dis
trict last week, and the American Real
Estate Company became an owner in the
midtown loft district. For many years
Mr.. Corn has been one of the largest i'm
provers OF sites in the lower Fifth avenue
district in the midtown loft zone and in
the central Fifth avenue retail shopping
area He also played an important part
In tbs rebuilding of the central Fourth
avenue district This is his first venture
in the Dyckman area and his entrance
into that field is likely to attract many
other well known buyers to that part of
the city
He purchased from the American Real
Estate Company about one-half of the
Dyckman holdings of that company In
payment the American Real Estate Com
pany took the new twelve story store and
loft building No 54 to 60 West 21st street,
adjoining the southeast corner of Sixth
avenue.
The building has q frontage of H. feet,
a depth of 100 feet on the westerly side
and 90 feet on the east This trade was
effected by Charles Griffith Moses & Broth
er and ]. Clarence Davies, the Dychman
parcels in the deal comprising about thir-
ty-three lots. The same brokers nego-
tiated q long lease Of the 21st street build
Ing TO one tenant on net return basis
The properties in the exchange are val
ued at about l,500,0 600.
a market was also found last week for
! other Dyck1nan parcels. Ennis & Sinnott
bought through Charles Griffith Moses &
Brother three lots on the easterly side Of
Tenth avenue about seyenty-five feet north
Of oosth street. and Bernard Smyth &
Sons sold for William II. Subway a plot
of four lots on the north side of Sherman
avenue, 100 feet east of Dyckman street
IMPORTANT MADISON AVE. LEASE.
Business got d firrner foothold last week
in the Madison avenue district just north
of 42d street. when Beiamin r. Lummis
leased for tUenty-one years for the owners
the premises No. AS Madison avenue to
Reeder Brothers, who have been for years
at the southwest corner OF 31st street and
Fourth avenue. The expansion of the
wholesale loft buildings in the Fourth ave-
nue section caused them to- seek ii home
further uptown. The Madison avenue
premises are TO be improved and occupied
entirely by the lessees, This lease was