New-York tribune., 1911-03-02

Large investors were out I'm force yester-
day in some of the choice business and
residential zones OF the greater city. Fur
ther interest was added TO the market by
lease giving Klein & Jackson control of the
entire Fourth avenue block front between
Goth and 2Ist streets On the site will he
erected loft and office building. more
complete account OF the transaction will be
found elsewhere.
Pease &, Elliman sold for the Fullerton
Weaver Realty Company the Fullerton.
nine story fireproof apartment house at No.
lI6 East 5sth street. on a plot 57xlq feet, to
an investor. This building Is one Of two
" hich the builders have been successful in
Getting in nine stories within the legal
limit
The land was purchased from the estate
of Or. Andrew J. McCosh about a year ago
and the building was finished in September
last. Every apartment in the building was
rented by Pease & Gilman before its COM
pletion.
In spite OF the small size Of the plot the
gross rent roll at present. IT is said, is ap-
proximately $500 a year. Tho property
was held at s425.ooo.
The sale was handled exclusively by
Tease g. Gilman as agents for the Fuller
ton Weaver Realty Company. and they
have been appointed managing agents for
the new owner.
Announcement was made yesterday by
Stephen II. Tying & Co. that contracts were
signed on Monday last for the leasing OF
the James a. Colgate property. at the
southwest corner of Madison avenue and
4lst street TO the II. w. Jot MS Manvile
Company. manufacturers ana dealers in
asbestos products. The lease is Tor twenty
one years, at an aggregate net, rental of
about $4,000 Mr. Colgate will erect on
the plot a twelve story mercantile building
Of a design in the early Italian Gothic
planned by Augustus y. Allen. architect
for Mr.. Colgate. Work on the erection OF
the building will be started in a short time
and IT is TO be ready for occupancy on or
about January /.
The property reported sold in yesterdays
Tribune for Robert h Bowling, at the
northwest corner Of Broadway and 96th
street, was purchased by the estate of
Charles Frederick Hoffman. The property.
which consists of a plot lcOx2o0 feet, was
sold through Lewis b. Preston. who has
arranged for the new owner a lease with
| prominent interests. who contemplate
making notable improvements In the imme-
date future. for a period OF eighty-four
years The sale OF the property and the
amount involved in the first twenty-one
, years of the lease reach consideration
approximating $1,000. The rental for
the remaining periods of the lease viii he
/ fixed on a revaluation basis at the expira-
/ uon Of each twenty-one years.
/ James A. Farley. who has been identified
with many building operations in the Fifth
avenue section. has resold 10 Michael
( Dreicer Nos "A and 26 East 4sth street.
southwest corner Of Madison avenue. The
property consists OF two four story dwell
ing houses, on a plot fronting 1905 feet on
the avenue and A.s feet In the street and
was acquired several months ago by Mr..
Farley. IT has been held at 5000 900
/ Miss VI. Monahan has sold for William
/ r. Hearst No. $50 West Sth street. 4 va
cant lot 25xloe.2 feet The lot is located
about midway between West End avenue
and Riverside Drive. and adjoins the Three
Arts Club building. Huberth & Gabel rep
resented Mr.. Hearst. The purchaser will
erect on the site an eight story flreproor
apartment house
/ The Brown Realty Company has sold 70
Joseph Fuger for investment Nos. o59 and
2o5 West lllth street two six story apsrt-
ment houses, on plot 72xlo01l feet. Prop
erty at Aldene, y. j.. was given in part
payment Arthur Barnett was the broker
in the deal. This completes the resale hv
the Brown Realty Company OF the four
houses at No. 24e 70 25j West lllth street
acquired less than a month ago. On Satur-
day last Nos. 2i9 and 2jl were sold TO the
Lesco Realty Company, which gave in ex.
change Nos. l55 and l37 West 9th street.
! The Sterling Realty Company has DUR
! chased No. 81 Riverside Drive between 18th
and 18th streets, four story ana basement
private dwelling house, on a lot 2jxlcD feet
Davis q Robinson were the brokers. Title
TO the house stands In the name of II. c.
Trumbower.
George W. Young, executor of the estate
Of Dr.. William r. Bull. has sold No. n 70
81 West 35th street, three and four story
buildings, on a plot 563x9S9 feet. between
Fifth and Sixth avenues. The property has
been held at $4,000, and the buyer. who IS
said TO be builder, will improve the site
with a loft building.
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pTn DDTnn nan