New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-04-11
BIG PARCEL IN PENN" SECTION SOLD
B,ver of West 9th Street Plot to Resell Land on Which
Twelve Story Loft Structure will Be Built.
S. KENNEDY ESTATE TRUSTEES DISPOSE OF PROPERTY

He'll q Stern have sold TO l. Randolph
Jacobs the FIVE story store and loft build
ing at No. 1853 to l64 West Nth street
| 100 feet east Of Seventh avenue, covering
a plot ssxes9 feet The property will bs
| resold to a builder for Improvement with
a twelve story loft building at the expira-
ton of the present leases. The seller OF
the property was Ella #. Burnham.
Another important realty transaction
announced yesterday was one of interest
affecting a large holding In the old Green
witch Village. which was sold BY the exec
utors Of the late John s. Kennedy. who
died recently. leaving an estate Of about
$50. 900. 900 large portion OF which rep
resented real estate.
The property involved is the Trio Build
ing a six story structure occupying the
entire block front on the easterly side OF
Hudson street. extending from Ganse-
WORT to West 18th street. occupying a
plot having frontages of 1911 feet IN
Hudson street. 622 feet I'm Gansevoor'
street and SIS feet in West 18th street
Edward Ermold. the purchaser of the
property has been q tenant for about
twenty years. and IN that time. II is said
ne mas DGlu more III itIt IMAM NV F''N
gave 10 own IL outright.
Three private dwelling houses az NO
f61 20 165 West $50 street were sold as
site for an apartment house improvement
by Gustavus J.. Lawrence, who acquired
the property in exchange with the Coe es-
tate in March. 1910, for the taxpayer
property at the southeast corner OF Broad
way and s0th street. opposite the Ap-
thorpe apartment house.
The property was purchased by build
err and comprises a plot 5lxlo6.s feet di-
agonally opposite the Methodist Episcopal
Church Home, which takes up the Am
sterdam avenue block from ed 70 &d
street
Hall j. How & Co have sold for the
Realty Operating Company the plot OF four
lots on the south side Of Post avenue, i"
feet west Of Emerson street, lcoxlO feet
The purchaser is the newly formed Post
Avenue Construction Company, which VIII
Immediately improve the property with five
story apartment houses. The buying COM
pany was incorporated al Albany last week
with the following directors: John j.
Downing, Richard O'Connor and George X
Caffrey.
Profitable handling Of leasehoid property
is reflected in the sub-leasing OF portion
Of the old Andrew Alexander property, al
the northwest corner Of Sixth avenue and
23d street, opposite tho Masonic Temple
which Is being demolished TO make way FOR
a skyscraper Office building.
, This property was leased few weeks
ago by the United Cigar Stores Company
from Anna NJ. Murtland, an heir of the
Alexander estate, who secured the property
recently through an auction sale. FOR ten
years. at total rental for the term OF
| 500 go, or $4,000 q year.
The lessees have sub-leased the grade
! floor Of No. 3S1 Sixth avenue, together with
| the same space in No. 100 West 23d street
to projectors OF a moving picture enter
prise for ten years. at an annual rental OF
$1,000. and the store and first floor OF the
! building No 81 sixth avenue and NO. lo7
West I'D street was rented 70 Charles Prose
for ten years at $1,000 year.
Thus the United Cigar Stores Company Is
not only getting 5000 a year more than II
| contracted to pay, but has the use OF the
greater portion OF the property