New-York tribune., 1910-06-12
BIG INVESTMENT PROPERTY IN DEMAND
Sales Affecting Manhattan Sites Valued at S5OOOO0 Upward
Features of Recent Realty Trading.
LARGE SUMS BEING SPENT FOB CONSTRUCTION WORK


ment house. at the southeast corner OF
broadway and Tooth st. It took in part
payment from the Hewitt Realty Company
the HamDtons. two seven story apartment
houses. fronting on Seventh avenue. St
Nicholaa avenue and Nth street.
Tne firm O. L. j. Carpenter & 60. re-
Gently sold for the estate Of William :.
Schermerhorn the plot ai.4 ly 50 feet on
the westerly side Of Madison avenue. from
SD to SD street. This block front forms
a part of the farm Of John &. Schermer~
horn.
Bic Seventh Avenue Sale
4 transaction near the million mark re
Gently completed was the sale by Augustus
II WINS Co for the estate Of Alfred
Marshall OF a plot at the northeast corner
of Seventh avenue and 37th street. That
plot has frontage Of 9s feet in the avenue
and Of o44 feet in the street and is one OF
the largest plots ready for immediate i'm
provenent in the PENNSYLVANIA tunnel sec
ton of the greater city. II was recently
runored that this plot had been resold. but
this report has not been confirmed.
Another transa ction near the million dol
lar mark recently made was the sale by
William c. Walkers Sons. for the En1i-
grant Industrial Savings Bank. to the East
River Savings Institution of the old FIVE
and seven story buildings on plot 66Sx
1241 feet al the northwest corner Of Broad
way and Reade streets. The buyer is going
TO improve the site with tall building. the
ground floor and basement of which IT Will
occupy for its own banking business.
One Of the largest recent deals on Wash
ington Heights was the sale by Arnold.
A. r,,xyo ing
Company Of the Georgia. six story eleva-
tor apartment house, on a plot 125xleO feet.
al the southeast correr of Broadway and
1SGth street.
The Fleischmann Realty and Construction
Company sold some weeks ago the new
twelve story building No. 5O7 Fifth avenue.
This structure occupies d plot 96x1o3x ir-
regular. on the easterly side of the ave
nue. $40 feet north of 42d street. The
Fleischmsnn company got control Of the
site in July. 1907, under a twenty-one year
lease from the Ford estate. Adjoining the
premises on the south is the eighteen story
Office and store structure recently erected
by Henry Corn.
syndicate headed by the United States
Realty and Improvement Company and the
Alliance Realty Company bought few
weeks ago the premises No. 4s2 Seventh
avenue and No. 205 to 217 West 35th street
together with a large interior parcel at the
rear of the 35th street lots, the combined
parcels forming a plot with an area Of 90
go square feet The sale was negotiated
by Augustus II. WINS & Co. for Whitney
Lyon
Louis Stern recently added 70 his invest
ment holdings by the purchase from
George c. Edgar & Sons Company,
through L. J. Phillips & Co. of the Mime
waska and Mohonk apartment houses. at
the south corner of ssth street and Central
Park West
Will Invest S2,75o,ooO.
George F. Johnson. jr.. and Leopold
Kahn recently bought from Robert E
DowIing, through Frank r. Smith. the plot
at the southeast corner of West End ave
nue. and goth street and the vacant site at
the northwest corner of Broadway and
seth street. 1t is said that the land and
two twelve story apartment houses to be
erected on the plots will represent ex-
penditure of 81 10000.
One of the principal transactions of the
wear was reported a few weeks ago. It
vas the sale by Mark Rafasky & Co. for
the Stockton Realty Company to the Amer
ican Real Estate Company of the eleven
story loft building, No. to East 3lst
street and extending to No to 10 East $3d
street, together with the five story build
ing, No. II East 31st street. In part pay
ment the buyers gave eight five story fat
houses, No. s92 TO 102O Simpson street. The
value of the properties in the deal is about
100000.
A recent sale in lower Fifth avenue af-
fected the old three story dwelling house,
No. I06. The property was sold by Horace
s. Ely & Co. for Mary G. Hayden to Jacob
Rothschild. The same brokerage house also
sold for Mrs. Hayden to Mr.. Rothschid
the two story brick stable in the rear OF
the premises No 104 Fifth avenue. together
..-ith the rights to an alley having outlet
10 feet wide in 18th street Mr.. Rothschild
owns adjoining property.
Another recent deal involving about
81 O0O.000. was the sale by the Charles r.
Moves Company of the Spencer Arms,
twelve story apartment house, AT the south
east corner Of 69th street and Broadway.
In exchange the buyer save the twelve
story Office building Nos. 95 and ~ Liberty
street.