New-York tribune., 1910-11-08

The demand for high class business
properties In central Manhattan districts
was clearly indicated yesterday by the
character Of the principal sales reported.
$4,000 investment was the purchase OF
Otto Horwitz. of the Law firm of HorWitz
& Wiener, Of the new twelve story Office
and loft building Nos 10 and IS Madison
avenue. southwest corner II 18th street
The property. which has frontage Of
495 feet on the avenue and % feet on the
street. was owned by the George Backer
Construction Company. composed Of Arm
s. ein & Levy and George BaCker. and was
sold for the concern by d. Kempner & Son
This is an ali cash deal. The Backer
Company bought the site last fall from the
Marvin 8 Buttlos estate and the Kips
Bay Realty Company. The new build
ing project was hardly announced before q
twenty -one-year lease of the entire struc-
ture from the plans was arranged with
Blum & Koch at a net rental for the term
of $4,000. The original lease was ncgo-
tia;ed by Hell & Stern.
Another big midtown investment deal was
the sale by He'll & Stern FOR the estate o.
Frederick 4. Ku7sheedt of the seven story
business building at No. lb 10 149 West
18th street to the New ork Button Works.
The buyer Viii take possession of and oc-
cupy the premises on January ], removing
from its present location, I'm Canal street,
where it has been doing business fo- up
ward Of thirty years.
The property comprises q plot 79.4x92 feet,
the building having been erected by the
Kursheedts about thirty wears ago for their
embroidery works This concern has sew
eral establishments in this city. which are
TO he merged. and q new plant erected
somewhere on Long Island.
Plans have been fled with Buildings Su-
perintendent Miller for building the foun-
dation wall Tor the six story apartment
house TO be erected at the northeast corner
of 18th street and Hiversioe Drive for the
A. FeI1man Construction Company. The
cost of the foundation has been placed at
s25oa0 by George and Edward Blum, archi-
tects.
Plans have also been filed by the o. !.
GUIDE Company. a. lessee. for the erection
Of twelve display signs at an aggregate
cost Of s. Sol -. They are to he located at
the northeast corner of Amsterdam avenue
and 155th street the southwest corner Of
Broadway and s5th street. on the cast side
Of Broadway. 1C0 feet north o. 1o3d street.
al the southwest corner Of Broadway and
116th street, on the northeast corner of
Fifth avenue and 10th street. on the east
side OF Fifth avenue. between 1f5th and
l05tb streets. on the southeast Cgrner or
Hamilton Place and 137th street. on the
southwest corner Of Lexington avenue and
l16th street. al No 2J76 to 25s2 Seventh
avenue. on the west side of St Nicholas
avenue between Io2j and 125d streets: on
the northeast corner of St. Nicholas avenue
and 18th street and ar No 1851 Third ave
nue.. each Of these signs being Of an aver
age height of o. feet.
4 permit has been issued for razinE the
! six story Office building at NJ. 81 Broad
way. directly opposite the postoftice. The
adjoining building. which vas recently torn
down. was the headquarters OF Boss
+ Tweed. The parcels form part of the plot
7 for the erection Of the skyscraper office
building at the southwest corner Of Broad
way and Park Place for T. ". Wooluorth
& Co.