New-York tribune., 1910-02-15
A 100000 TRADE
DEAL AFFECTS 4 BIG MIDTOHN BtfAD-
ING -4ND DYCKM4N PARCELS.
Retail Druggists Lease Site an Hotel Rta Secf0n-f@"
Filed for Many Large Structures.

A large volume OF business vas transact
g .r rhe real estate market yesterday.
r.7-cknxn ana midtown sales being among
the leading features.
a deal involving about s1.5Ge,oeo was
made by Charles Griffith Moses and brother
znd J. Clarence Davies They effected ID
exchange for Henry Corn and the American
Real Estate Company Of the new Twelve
storv store and loft building Nos %, 90
x SO snd So West o1st street, adjoining
,he so,--heasr corner Of Sixth avenue, for
fri-tv-three lots or Sherman, Post and Ma
gle avenues and Academy street, Dycknar
The 2lst street building. which has just
been COMPLETED by Mr. Com has z frontage
Of IL feet ny q depth Of 100 feet on the
--esferIv side. and - feet OF the east All
ire lofts are leased for terms Of not less
than five years each
The vacant land. which is almost one
tslf Of +he pyckrnar1 holdings of the Aneri-
cs- Real Estate Company. consists OF the
Following plots: c5ox1eo feet OF the ease
size Of Sherman avenue. 25o feet north Of
Yl--clzrnan street 10nx1 90 feet al the south
sss- corner of Academy street and Sherman
s~eau.. 2qxI5G fest or the west SIDE Of
Pos ave-7-le 100 feet south of Academy
street and 100xlGH feet at the northwest
-o-ne- O. Nasle sveure and Academy street
The trade is interesting in marking new
departures in the operations of r7vo lrlpcr-
ta-1. interests II New York realty the en-
trance into the loft h1ildinE field hT rhe
American Real Estate Company and Mr.
Gems frst purchase IN the Dyckmsn sec
1icu
The sane brokers have negotiated a long
lease q 7he c1sT street building q one ten
znt OF Z net return basis. Nj Corn in
-ends - resell the lots % builders for
apartment house Improvement The eX-
change, exclusive Of The lease Involves al
most S1.5e0 .eoo.
L Is E significant fact rhs1 the Washing
TOT Heights boom Of five years ago started
-1-h the purchase by Mr. Corn OF the Ju-
,erile Asylum property. between Auste--
can ana s.. Nicholas avenues 175th and
156th streets. through Charles Griffith
Moses & Fro-, and i would not he sur
Trisiuc = the building movement already
ro-un in DvckInsn vouid gain much
strength b. this same influence
BENJAMIN Il Lumrnis negotiated Twcu-
g7--o-e year lease for the owners Of the
p-cre-rv 10 50 Madison avenue This
property viii be reconstructed and occu-
,,;cd ~ The firm Of Reeder Brothers drug
cfsts. Il no have been for years Al the south
vex- corner of Fourth avenue and S-St
street the expansion of the wholesale loft
buildings in that section having driven
mem further uptown.
This lease shows the character of The
changes about 20 take place in thar Ia
raliry. IN the Hotel Ritz district They eX-
poet 70 occupy their new building or MAJ
z next.
Plans have been fred for twelve story
icfr building q brick limestone and
ms ---5f
f~on designs hy 1Iilhken < NIoeller,
z-cnitects. for the Land and Realty Com
rauv. OF which Raymond L. owen Is presi-
cent 20 replace The vacated building Of
rHe Old Second Reformed Presbyterian
Church. a No. - West 22th street and
adjetn-nS the Roman Catholic Orphan
ss--lurr Il : 70 cost S,s}o,05o- II has been
leased for : term OF years 10 the ATner1-
-sn Press Association.
Plans have also been fled for a twelve
xforv furniture warehouse TO be erected
ron designs by Lee < Hewitt. a srchl-
tacrg. Ct rlo- 5l4 10 80 West S+th street and
-1nniu5 through the block 10 Sd street,
opposite the new Pennsylvania Railroad
tunnel terminal. I; If 20 have q frontage
o. 1no feet and depth of 1919 feet and
VII he occupied by the HeTwood Brothers
sud Wakefield COMPANY. The owner. The
cost is estimated n t5Na.hoo-
Plans have also been fled for two twelve
ztcr- mercantile buildings TO be erected
rom drawings by Williams =. FirzEnire.
architect. for Leo HolsJeir, as owner. one
~ feet front and - feet deeu, with an cz-
tension at Nos 30 and 20 West 15th street.
and the other - feet front and - feet deep.
With Al extension - 10. Us % Ia West
-5Jh street Tae buildings viii cost t-sa,-
Hs0 ana &275.lsa respectively
@ad basement dwelling eighteen foot front.
desigaed in the ColouisI style 20 be built
for Tie Charles B-ea1on COMPANY. which
aets - IFS own architect a. No. IS East
I'd street T. is 70 have porch entrance
with : small balcony and wiz be finished
TIrh sa-6 ROOT i Is 10 cost $40 600
The Manhattan plans for new buildings
80 include = TWO story lumber storage
rouse. WIKI stable and Offices, to be erected
for 4 2 Rodgers or @frh street. cast OF
TEirtee7tn avenue. ~ q cest Of = coo Pau
q Hunter & tho architect