New-York tribune., 1910-11-05

deal involving properties valued at
S3.ooo00o was reported yesterday. II was
the sale by NJ & l. Hess and Leopold Well
for the Empire Realty Corporation of the
eleven story and basement building at the
northeast corner of University Place and
nth street. having a frontage of 160 feet in
University Place and l42 feet in nth street.
This building was erected by the sellers
under the supervision of the Messrs Hess
seven years ago. and has since remained
fully tenanted, earning an annual income
Of S12e. .OO0.
The purchasers are J. ". Highlander and
Mrs. Sevilla Heineman. widow Of DR. Heine-
man, who was a well known heart spe-
cialst- Mrs. Heineman lives in Paris. The
former was represented by Daniel " Blu
mentha and the latter by J. Edwards
Wyckoff
In exchange the buyers gave the prop
critics Nos. 46 IS. 80 and % Broad street
running through and including No. IS to 80
New street. The property has a frontage
Of S04 feet in Broad street by depth OF
1924 feet, and frontage of Gas feet in
New street, all told making q plot Of about
1000 square feet
This property has been in the hands Of
the family since 1892.
II was said yesterday that the sale Of
the four story dwelling house on a lot
2SxlOo.5 feet, at the northwest corner Of
57th street and Madison avenue. by Pease
& Gilman, for Mrs Caroline A James. of
Northport. Long Island TO Mrs. Margaret
A. Howard. marks a new high record price
for Madison avenue property in the central
section. The price paid was said to be
about 100000
The sale of the property was reported
about week ago
The plot on VII ch the house stands com
prtses about 2.s12 square feet. The square
foot rate figures little more than s10S. and
the rate front foot is a fraction more than
1e,7l4 The land and building are assessed
at $4,000 by the city.
Mrs, Howard will use the building for a
dressma king establishment in place Of the
one at the northwest corner of Madison
avenue and Saith street, which she sold a
few weeks ago 10 Benjamin Altman.
The house was formerly owned by Cor
nelius Vanderbilt. who sold il in 1882. II
has been under a ten-year lease at $1,000
net year TO William K. Vanderbilt jr
His lease, which expires on October l, 1911.
has been purchased BY Mrs Howard
At the southwest corner of 9th street
and Madison avenue is the home of Henry
II. Rogers, jr., and at the Fifth avenue END
Of the block is the house built by the late
Coils P. Huntington.
In utilizing this property for business
will come the first change Of that character
east Of Fifth avenue. To the west the for
mer home Of Oliver Hartman is being re-
modelled for a dressmak aker, and other such
changes are expected in the near future.
Sale Recalls Old Values.
It is interesting to note in connection
with this sale that Mrs Mary H. White
and Mrs Margaret A Howard. composing
the firm OF White Howard d Co. pur-
chased the northwest corner OF S4th street
and Madison avenue in 1889 for S191 900 the
size OF the plot being 81. 6x95 feet on the
avenue and 25x4 feet in the street The
price paid by Altman & Co. showed e large
increase over that figure
The business Of White. Howard &. CO.
was continued after Mrs. Whites death. in
1892, by her son. ". B White. and Mrs
Howard until 1902, when the firm name Of
u hite, Howard & Co was changed to How
ard q Co. by the retirement OF Mr. White.
Mrs Howard will make extensive interior
improvements to the house just purchased
but Will not change its general exterior ap-
peaTanCe.
Several other big transactions were re
ported yesterday According 10 one report
Edward ". Sheldon IS about 10 close ne
gcuauons for the sale of Nos 13 and 70
Last 8th street TWO five story American
basement dwelling houses, on a plot 476x
$50 feet.
I ne property immediately aGiOins the va
cant plot at the north west corner Of Madi-
son avenue, which George T. Baker jr,
bought last year from the Thirty-eighth
Street and Madison Avenue Company in
order 10 prevent the ERECTION Of merCan-
tile building on the site
Since last year the enCroachnlent of busi-
ness IN this section has been SO pronounced
that many OF the owners are understood to
have realized the futility of attempting 70
stem the tide and have Withdrawn active
objection TO the further advance OF trade.
The Golden Rule Realty Company, Isaac
Porrnan, president. bought through James
W Cohen Nos. POO and 292 Seventh avenue.
between 26th and 9th streets from the
Clark and Van Buren, estates. The prop
erty consists of TWO four story buildings
having frontage of 397 feet on the west
side OF the avenue. the northerlv and south
erly lines measuring 81 and S9.9 feet. re-
spectively. This is the first change in the
ownership Of the property in about thirty
years.
There mas been consdera speculative
buying II the last six months along lower
Seventh avenue, adjacent TO the PennsyI-
vania terminal.