New-York tribune., 1911-11-05

oro well scattered throughout the al
-, busipess and residential zones of old
york. Within the last two weeks
80 and building projects however, in the
s,r.l regions have become the leading
lures lures of this season. overshadowing in
.,,,,,o and Importance the operations OF
,ous kinds in other bailiwicks.
scores Of big plots superbly located in
-. districts north Of goth street and south
!, so,h street between Third and Eighth
.,ues sre 10 be improved Immediately
a result Of this influx Of buyers and
ladders there. Indeed. most realty walks
,ow lead 10 the great midtown centres, and
!, is the opinion Of many experts that 1t
III he some months before uptown apart
r,,nt house building or downtown construc-
,ro, work furnishes the principal subject OF
1soussion among realty men.
Ruvers have recently been found for the
anna C1inch estate property. No. 10 West
18th street: for the Germond estate site,
Va 1sl TO 1856 West SOth street; for the
.r.,nises No. 107 East 4Oth street, for the
~ Thorne estate holding, No. 1S1 10 1877
west S5th street; for Nos. 162 and 164
West 4Sth street and also lessee for the
sstor plot. Nos. 3. and West 35th
street. Moreover. sl6OoO0O midtown
trade was negotiated early last week.
Tho Astor plot in 35th street is 75X9S,9
feet. Under the provisions Of the lease,
which is for a term of twenty one years,
with renewal privileges. the lessee is 10
erect Immediately a twelve story building,
with stores. The aggregate rental TO be
paid for tho plot FOR the first twenty-one-
wear term will be about $500, 600. The plot,
which is only 125 feet from Fifth avenue,
sdjoins the new building of Best & Co, at
the northwest corner of Fifth avenue and
a5th street and is almost directly opposite
Inc S5th street end OF the McCreery store.
Abutting upon the plot just leased by Col
one Astor is the rear end Of the Gorham
companys building. AT the southwest cor
ner Of Fifth avenue and 36th street.
In the s1.6O0,0O0 trade the Mayer estate
bought from the Flemish Realty Company
the twelve story store and loft building No.
II 70 o1 East ed street. adjoining the
northeast corner of Broadway. In part
payment Il gave tho two vacant block
fronts on the east side Of Broadway from
1880 10 135th street, which were held at A
valuation of 100000. The 22d street
property figured in the transaction at ST.
zoo. 900. The structure, which was com
pleted by the Flemish Realty Company
Joseph r. Goldberg. president, in March Of
this year. Is now about so per cent rented
Bio Hotel Planned.
The property Nos 162 and Ga West 4Sth
street was owned by the Horace Galen es-
tate and William J. Underhin. 1t COM
prises two dwelling houses on a site with
frontage of 81 feet on the south side Of
4Sth street. about 40 feet cast OF Seventh
avenue. on this property the new owners
will build an apartment hotel, i'm the con
,truction and equipment Of which several
new ideas will he incorporated. The sale
was made by s. H. Cooper,
Irons &; Todd comprising the ioth Street
and Park Avenue Realty Company. which
2 year ago purchased for about S64j0cO the
old Girard apartment house. covering a
Nlock fronting $50 feet on Park avenue and
20 feet I'm the street. last week added 10
their holdings by the purchase Of No. 107
East 40th street, q four story dwelling
house, on a lot 2l.sx9S.9 feet. from Fred
erck Alien. They now own a plot front
inS 1915 feet In the street.
The plottaGe is TO be improved soon with
twelve story Office building. plans for
which arc being prepared by William II.
Whittal The proposed structure VIII ad-
join the Terminal Building. which was the
first building of that character erected on
Park avenue north Of 34th street, the two
forming the entire block front from 10th
10 Ast street. facing the Murray Hill
,s-Hf in Inv tho hqirQ
OF the Smyth estate 10 b. J.. NJ. Bates for
l.796,jO0 at an auction conducted by Jo-
scph + Day.
Some owners Of dwelling houses in 40th
street Just east Of Fourth avenue had hopes
Of keeping apartment house builders from
getting too firm a foothold In the street.
With that end in view they were going to
build dwelling houses on the Hague estate
site. No. 1cl 10 10 East 10th street. Now
that plan has been abandoned.
Tho Clnch estate property, No. 10 West
cfth street. was sold by the rutland &
Whiting Company. II is four story
dwelling house. on lot 22X9S9 feet. The
present building. to be remOdelled. was
leased for Il period Of twenty-ono years to
the American Dairy Lunch Company, d
corporation. which is being organized to
open chain Of lunchrooms throughout
tho city.
A. NJ. Johnston d CO. sold the Germond
estate parcel, No 15l TO 155 West Both
street a plot 75x9s9 feet. with an old
building about 20 feet cast OF Seventh
avenue. for about $4,000.
For the premises No. 131 TO 137 West 3Jtn
street. which we're owned by the ThOrne
estate, Robert J.. Simon. acting for the
Iens5. Morgeuthau Company, paid at auc-
t.on last weeK 3225 80.
The parcel measures 75X9S.9 feet, the sell
ing price showing ;riae over $500 a front
foot. The property is assessed d, SlS'.%%
by tho city foG taxation purposes. The bid
ding was started by Mr.. Simon at $4,000.
From the $4,000 mark the bidding was
between him and Edward Browning, whose
family is a heavy holder Of realty in the
section. Mr. Brownings last bid was $2ZO,-
500. lie said after the sale that had he
been the successful bidder he intended to
improve the site with a twenty-five story
loft structure similar 20 the one he erected
in West Both street.
Au important transaction in lower sew
'ltu avenue was the sale OF the premises
N0g. 30 and ao2, adjoining the parcel at the
southwest corner Of 22d street. The prem
isfs were bought by VI. Freeman Sons
from Sslo Cohn. Mcssrs. Freeman now
control aye parcels at that point Inc
properties are No. 195 to 2Qi Seventh ave
nue. six story fathOuses. on a plot front
ing 1913 feet on the avenue and 100 feet in
The street.
Fair Uptown Business.
5 fair volume OF uptown business mas
been transacted in the last two weeks
lsidoro LeWkoWitz. owner OF the three
sinr.. h,,tlnlr,, IL tnn .nnthn4el Nnrnor o.