New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-29
INVESTOR BUYS BIG LOFT BUILDING
New Twelve Story Structure in West 9th Street. Near Fourth
Avenue. Held at S450000, Sold.


The Realty Holding Company has so'd
through NJ & L. Hess the new twelve stVry
and basement building Nos. % and = west
9th street on plot 5oXeS.9 feet. 10 a cheh'
for investment. This property was heid AT
$4,000. and is fully tenantcd, at an annual
rental Of $4,000. This is the third twelve
story building sold by the Realty Holding
COMPANY within the last three weeks the
others being Nos. 40 and a. West 4''h
street. on plot l5.6xsS9 feet. 10 Q. d. Gray
and Tcs. 70 and L West 26th street. on plot
4axsss feet. 20 Mrs. Katherine l. ID. Har-
net an three Investors purchasing TOT
cash.
.inc 4 ring have bought from Margaret
, 7 i,.ir sston Aldrich toc five dwelling houses
, Nc $50 10 as west 18Th street The trans
action also includes four interior lots at
the rear az the property, the entire prop
erty having a frontage OF 100 feet on the
south side Of 55th street. rs feet feet east
Of Ninth avenue and a depth Of 40 feet
william Guttman was the broker in the
transaction.
This purchase rs pre- 'imInarv 10 another
large building operation on this block. the
rrouert'es being directly opposite the Cam
Nria apartments. completed by Bing x Bling
about two months ago and now nearly al
rented. Nothing in detail has been deter
mined as 20 the improvement Of the plot
on the south side OF the street. but 10 is
certain that tall apartment house viii he
built on the site IN the near future.
The size lust purchased forms part OF
me athletic field Of the New West Side
Athletic Club, and has been used for
Tie site which they have Just acquired
IS part OF what was originally the Cozine
farm. bought a. foreclosure in 1885 by
John Jacob Astor Tor about s23061 the
r-operty went 20 his granddaughter, Laura
Aston Delano and about three years ago
vas pa~,i,oned among eight Of her heirs
.-ev-Lieutenant Governor Lewis Stuyyc-
SAINT Chanler. Margaret L. Aldrich. Win
-hrop Astor Chauler Eliza beth Winthrop
CHAPMAN. William Aston Chanler, Robert
" Chanler Aida Beekman Emmet and
John Armstrong Chanley. The partit on
'proceedines covered about so improved
and vacant parcels IN the blocks between
IApn and 5s,h streets. Eighth and Eleventh
avenues. the entire holdings Of the estate
being valued BY the commissioners IN par
tit.ou a. about $4,000
Binr & Bing have also purchased through
80 Douglas Poblnson-Charles 5. Brown
Company from Robert NJ. Olyphant the
dwelling house at No. lso Madison avenue,
= -four story and basement house. occupy
..7c q lot .4.7x95 feet. The buyers have also
purchased from Mr.. Olyphant the five story
and basement dwelling house at No. 70 East
sod street. covering a LOT 25X9S9 feet
Tic TWO properties connect and ad1oin
80 northwest corner Of 52d street Both
were resold boy the Messrs. B,ng 70 l. Ran
6olrl Jacobs a realty operator Who was
lerrescrted ly \. S, c. Lewis.
The houses are IN the block bounded by
",5 and s2d streets. Madison and Fifth ave
-..es. IN which there have been erected II
-as last TWO years three twelve story store
md lof. buildings The property Just sold
viii probably lie similarly improved, Is II
g, IN the zone made active by operators
who are seeking sites for loft building
operations
Tho rrorertv at Nos 1898 70 800 Broad
way was sold by the Charter Construction
COMPANY. Of which Henry Edelm1th l.
president. 10 a cash buyer II comprises a
ulot fronting Ill feet in Manhattan street
ana IS feet in Broadway. covered by two
,-o~v store and Office building completed
lse- vecr The selling company originally
owned The block front and sold the south
lalf. d plot ,0xloo feet. now covered with
seven story apartment house. 70 James :.
Kelly. subject 20 a mortgage Of $4,000
Tie Lorillsrd estate has sold the three
,.ro, story buildings AZ the northwest cor
r.r o. Baxter and White streets The
,ro7erty IS known as so. SC TO ssh BaX-
,er street and Nos l34 and l35 White street
with f-ontages Of 100 and Az feet. respec-
lively u has been in the possession Of the
Iorillard family for over half a century.