New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-06-14

Several large investment "eS
changed hands yesterday
One IF the principal transactions was the
sale nv Charles T. Fleck q Co Tor the
N.v England Apartments Company 10
Johr volz of No. 43 TO % East oSth street.
three eight story elevator apartment houses.
on Mot 15lxloo5 feet; also. NO "a East
ho,h street. similar apartment house on
IN, a5xlno.5 feet. and Nos. 4se and AZ PARK
avenue. an eight story apartment mousse on
LOT 5exlao feet. forming together a plot OF
land 225xlco feet, or nine city lots, FACING
three thoroughfares and intercommunlcat-
ing on interior lines
Although these buildings were erected
only nine years ago, the new owner con-
templates. as soon as arrangements can De
made TO !nodernize the buildings and IN
teriors up TO the latest standard or the
Park avenue structures now in course OF
erection.
In part paynent Mr. Tolz gave the fol-
lowing parcels: The northeast corner OF
Lexington avenue and 10th street, plot
1eox5o with old buildings; the triangle at
l42d street and Bradhurst and Edgecompe
avenues. leox72x20 feet; also. plot 4S.Sxlo
feet on Ogden avenue, between lo0th ana
7esth streets. running through to Summit
avenue
These parcels-the Lexington avenue,
the triangle at Edgecombe avenue and the
Ogden avenue plots-the brokers resold
10 a construction company. which Will soon
improve them all with high class apart
ment houses The transaction involved
about s1,aeo.0eo.
Another big transaction yesterday was
the sale by S. B. Goodale & Son for the
John Haywood estate OF Nos. 1SS and 1S5
West 18th street old buildings. on lot 5ox
$50 feet. TO John E. Olson.
Mr.. Olson is now building a twelve story
loft building al Nos. III, 12s and 1S1 West
18th street. At the expiration of the pres
ent lease Mr.. Olson will erect similar
building on the property now acquired,
which will be the ninth store and loft oper-
alton now under way on this block
The buildings approaching completion
erected by the Theodore Starrett Company
and the Twenty-fifth Street Construction
Company are already partly leased.
The NJ. Morgenthau, Jr., Company sold TO
the Urban Construction Company the prem
Uses Nos 1879, IA and Jas West oath street.
plot 80 feet front by 1853 feet deep on the
easterly side and 9S9 feet on the westerly
side. Fred II. Cromwell, the seller, recent
IL acquired Nos. IA and las West oath street,
q seven story loft building. with a frontage
OF So feet. from his mother, Eliza E. Cron-
well. and purchased the adjoining property.
known as No 139. and consisting Of three
story business building, with Is foot
frontage. He resold the combined plot at
z substantial profit Louis Schrag repre-
scented Mr.. Cromwell in the resale. An in
teresting situation in connection with this
property is created by the fact that the ad-
Or1e either SjdR-NOS 137
and 145 West oath street-are both owned
by the Hammond estate, and the conditions
are such that these adjoining properties
can only be sold at public auction. They
consist of old buildings, with frontages OF
only g feet.
The N. Morgenthau, Jr.. Company has
just placed for the purchasers of the prop
erty Nos. l39, IA and 14S West oath street.
the Urban Construction Company, a new
mortgage Of s7S5eo. at AZ per cent. for five
years. covering these premises. The Urban
Construction Company has no immediate
intention of improving the property.
There was a report Yesterday that tht
New York Central Railroad plans a big
freight station and yards just west OF
Riverside Drive. between 18th and 1886
streets. It could not be confirmed.
II will use the property for freight pur-
poses. it is said. in the event that its
tracks on Eleventh avenue, which lead to
its freight station in ST Johns Park, are
TO be removed.
The company has been buying property
below the drive for the last two years and
now owns about six block fronts extending
from 137th 10 $3.50 street. The company
started its activity in the Riverside section
about the time the fight against its tracks
on Eleventh avenue was at its height
The company first bought the Landon
property between 137th and 13Sth streets
and has been quietly adding to its holdings
ever since. Several days ago the company
annexed the two blocks between 141st and
II is said that the company will soon be-
gin the construction of a freight station
on the strip. The plan of the company is
70 extend the shore lime out as far as fits
riparian rights will permit, and on this new
ground build number OF warehouses.
Overlooking the strip are some of the
finest apartment houses in the city.
Finkelstein Brothers, who operate sew
eral 10-cent stores, have bought the fff-
teen years lease held by Callahan & Nor
rissy. Nos Is and 50 West 18th street. and
No A. 10 So West 18th street. The property
Is owned by the Rhinelanders. Thomas
Norrissy conducted the negotiations
through Charles J. McKenna, as broker.
The deal involves about 100000. The prem
Uses will he extensively altered and used as
q five and ten cent store.