New-York tribune., 1911-04-09

Of his plot OF llJXl3o ieet AT the hoItheds'
corner of sgd street and Fifth avenue.
For many years the Vanderbilt family
sought to preserve the residential char
acter of this part Of the avenue.
Last July Mr.. Bowling bought the cor
ner property from William u. Sloane and
Mrs f. II. Hartman. lie got it unre-
stricted The part of the site which Is
now owned by a syndicate takes IN the
whole Of the avenue frontage of his origi-
nal plot The purchase price was re-
ported 10 he about $l.l0O.00O.
The Douglas Robinson. Charles 5. Brown
Company negotiated the sale. 1t has ar
ranged for the buyer a lease of the prop
erty for a term Of eghty-four years. The
lessee is to erect the new building.
The old Hotel Langham formerly stood
on this corner. and opposite is the nome
of William X. Vanderbilt. II was owned
by the Shannon estate. and several years
ago the Vanderbilts bought the property
for sl.3500Oo.
That part Of the site comprising a plot
5Ox13o feet on the immediate corner has
changed hands several times.
Enter Apartment Zone.
The trading showed that Klein & Jack
son are going TO become heavy buyers and
also big improvers or properties IN the
choicest residential centres OF Manhattan
IN the last few years they have largely
helped to mould tho new skyline of the
Fourth avenue loft section. They put up
and own the Belyidere Building, ut the
northwest corner Of 18th street ana
Fourth avenue; the twelve story loft
structure at the southeast corner Of 2Oth
street. and they will erect a loft building
on the entire block front on the west side
Of Fourth avenue, between 20th and 2lst
streets. which they recently leased from
Arthur Astor Carey.
They are going 10 spend in building an
apartment house at the southeast corner
of Seth street and fifth avenue many
hundred thousands Their newly formed
7l9 Fifth Avenue Company last week
leased from Woodbury. G. Langdon the
Goth street property. having frontages of
s. feet on the avenue and 100 feet on the
street. The lease is for a term Of twenty
one years. at an aggregate rental Of about
sllO0.00O. The lease also carries the
lrivilege of two renewals for similar
term the rental 10 be fixed on AZ per
cent basis ON a reappraisa Of tho prop
erty.
The structure 10 bc erected on tho site
will cost about 100000. from plans by
Rouse & Golds;ons II viii he of the
most modern tNpe Of construction and
vii. have stores on the avenue front. The
transaction was negotiated by William
Cruikshank's Sons.
4 nj Iiffh lot TO.
cether with d large plot II tho rear in
fGth street, 2 structure - now being huilt.
which has been leased for long term IN
Baumgarten & co. At the northwest corr
ner of Fifth avenue and s6th street is tho
plot on which building IS about TO be
erected for the Duveen concern.
ON the block 10 the south. at Both street.
are tho 81. Regis and Gotham hotels, and
at 57th street and Fifth avenue arc the
homes of Mrs Cornelius Vanderbilt. Mrs.
CollissP. Huntington and Harry Payne
Whitney.
Will Enlarge Store.
Plans were iled last week for the cree
ton of a six and u twelve story addition
to the six story store building at No. 4i4
Fifth avenue at total cost or Sl3o0Oo.
The six story extension VIII be In the
avenue. with a frontage of "a feet and
facade exactly similar In design to the ex-
listing building. The twelve story extern
sion VIII be In 3Sth street and known as
No. West, and Will have frontage of
i5O feet The Duncan Realty Company Is
the owner Franklin Simon & Co. are the
lessees Edward Nacarsulmer is the ar
chitect
AS a result of a sale made by Parish,
Fisher q Co. another retail business house
will have n home in the Murray IIill sec
ton. The property sold is No 32 East
10th street, on plot 25x9S.9 feet on the
south side. 200 feet east of Madison ave-
nue..
The present building, Il private stable.
will be remoVed when present leases eX-
uirc and nine or ten story hreproof
building erected in It's place for the use
of a Arm long established in one Of tho
art industries.
According To a report negotiations are
under wa, for the sale Of tho Mcdonald
estate property at 40. 3. to ~ West l2d
street
This property. which has been held at
bout s7oo.o 900. covers frontage of -