New-York tribune., 1910-04-27

Fine los "a the upper Fifth avenue resi-
Genital District were sold yesterday after
noon by Bryan I. Kennedy under tent
on one CO the plots. It was the drst auction
sale Of fts kind ever held on Manhattan
Island. There Was some uncertainty as 20
the outcome, entirely due 10 this novel
,,ls- OF finding buyers FOR high class home
sites valued at many thousands each At
Tho emo OF the sale. however. those who
lad had doubts about good results being
obtained wondered how they had ever had
such thoughts Not only were = large num-
her Of well known investors and specu-
lstors and some prominent brokers present
hut most of them were there 81 hope OF be
coming the owner or a part or all OF the
premises.
None Of their hopes were realized, be-
cause Mrs. s. Sturges. mother or Mrs A
: Dodd. the owner OF the plots. got the
sd street lots. and another heir Of the
BENJAMIN J. Il Trask estate tho SSh
street lots. The total SUN Of ;he sales was
tses7sO
At nsrtition sale some years ago Mrs.
Tcdd got the property and her mother.
Nf-s sturEes a lot at the north corner Of
SO street and Fifth avenue.
The property offered yesterday comprised
two lots with q frontage OF 50 feet snd a
depth OF IO22 feet on the north side Of
sd street 10 feet east of Fifth avenue. and
adjoining tho corner lot. and four lots on
che south side os SSth street With a con
tinued frontage OF e7-s feet and a depth OF
,noSk feet. JOE feet east of Fifth avenue.
For the Sd street lots adjoining her corner
.'te Mrs. Sturses paid slSo.250 and the SSth
street lots were bid in at s2s45oo.
one OF the principal brokerage transac-
tions Yesterday was tho sale by Edward
q. Williams e. Co. for the estate Of Frances
Adelaide Lawrence 70 a client of the law
rrnl OF Bowers e. Sands OF a plot 3.eE1zS
feet at the northeast corner Of cath street
snd Broadway.
Reveals Big Increase in Value
Another instance Of the prodigious in
crease in value OF Manhattan Island prop
erty has been revealed with the leasing Of
she four story building. at No. 1876 Broad
way. between Goth and Hst streets by
Henry Youngs and Others to the SAKE
Amusement Company. This lot was bought
sbout lS4o by Henry Youngs. great-uncle
~ the present owner, FOR 1880 The Drop
erty Is now leased for ten years at an an
uual net rental OF s10.5Oo. or over four times
the original purchase price. Capitalized
on a per cent basis. this rental represents
8 valuation OF s26250O or over a hundred
rimes what the property cost seventy years
sgo. The parcel. which measures 221x
50 feet. is between the large plot owned
by L. Il Van Ingen at the northeast cor
ner OF Broadway and 10th street and the
Hotel Albany. at the southeast corner Of
slst street The SAKE Amusement Com
psny OF which NJ. II. Sake. a brother OF
Senator SAKE. is president and Alfred
1'rankenthal. secretary. viii alter the build
ing and use IL for a moving picture estab-
iishment. Mr.. Jacobs was the broker who
negotiated the lease.
Plans have been fled by Maynicke &
FRANKIE, architects. for q twelve story mer-
camille building TO be erected at No. as 20
E2 East 2lst street. extending through the
block 20 No z9 East 10Th street. with a
frontage OF 20 feet on 2lst street and . feet
IN 10Th street The FACADE VIII be Of orna-
mental design OF limestone. brick and terra
Gotta. The RoscOm Realty Company, OF
which Henry Corn is president, is the
owner. The cost IS placed at $4,000
Plans have also been fled for making over
tho four story stable AT No. $50 TO a34 East
asth street into bottle dealers head
Quarters. The building was lately damaged
by fire and is owned by the estate Of Ben
.amin Poth. Louis A HOrnum. the arcEi-
rect. estimates the cost OF the proposed
change az $1,000.
George u. Griebei. architect hes filed
plans Tor pnlarging the store OF the West
Ind care and Restaurant al Nos. ae2 and
- West 18th street, by building a one
story extension 3n the rear. osrl26 feet.
- cost of sloo0o. for T. Rlyn & Sons.
lessee.