New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-01-25

Knoedler e. Co. have sold the property
al Nos. $50 and 55S Fifth avenue. on which
they are erecting their new art galleries
end have taken over = lease for eighty-
four years at an aggregate rental Of S"p'-
90 on the site from the new owner.
The buyer an investor who has recently
figured I'm two or three large transactions
IN the Fifth avenue section. is said TO have
paid about 100000 for the property.
The disposng OF the site does not mean
any change in the plans of Knoedler n
90 They will 90 ahead with the erection
~ the building on the plot. 10 which they
evnect 10 move about May from their
nresent location, At the northeast corner
If Fifth avenue and oath street.
The site OF the new Knoedler Building
which measures 50Xl0o feet, Is oh the west
side of Fifth avenue, adjoining the south
west corner of 18th street, and was former
IL. the site OF the Lotos CLUB. The CLUB
cold II q little over a year ago for $4,000
% . syndicate in which the Alliance Real
-. company. Heilner & Wolf and D. b.
freedman we're interested. This syndicate
made a quick resale Of the plot TO knoedler
g. 20 al a figure said 10 have been IN the
q
neighborhood Of 100000.
Tho Knoedler firm also owns the north
zoe, corner OF Fifth avenue and 10th street
the old Furniss home, which was acquireu
before the concern purchased tho botos
c,lnb site Jhian Benedict was inc broker
I'm the transaction.
Tho Ancient order OF Hibernians mas
completed arrangements for erecting a ol3
theatre In Harlem and leasing IL loi
neriod OF seventy-ive years at gross
rental Of about g. 10000. The lessee Is u
he the Kessler Lyric Theatre Company
The association a few years ago acquired
the Mot. 1o0xloo feet, al the northeast cor
nor of Fifth avenue and 1l6th street, as d
site for a clubhouse. The plan was apa"-
doned. however, and the property piaceu VII
the market.
The association will start work immedl-
atelv on the new structure. The lease i
MADE in three periods Of twenty-five years
each.
For the first term the lessecs VIII pay
graduating rental of from $1,000 10 sSS'Oo
a year. The rental for the second ana thro
terms will be fixed on a revaluanon OF th'
property.
Andrew J. Counck paid 1890 al auc
ton yesterday for the four story d"ellihe
house No. West 18th street. when was
! offered by Joseph p Day for the Eeore'
W. Lane estate. For the same interests
Mr.. Day disposed OF the block front OF
the south side OF Gouverneur Lane pe
tween Front and South streets, to a clien
of the Charles T. Noyes Company io
$3.50
| Mr.. Day also found buyers for severa
other parcels, including the four story
| dwelling house No. 1& East 3th street
which was bought by Walker d Gillette
! for s29,50D: the four story dwelling nous
| No. % East saith street. bought by Heilne
/ &. Wolf for $4,000. and Nos. PIG and =
| West Both street, purchased by Pierc
| Brennan for $500.
Pease 4 Gilman have sold FOR IN
baroness Won Hasperg, Of Paris, France
formerly Miss Edith Mcvickar, the thfe
story dwelling house No. o East lStI
street. on lot o2x799 feet. between titt'
avenue and University Place. Tie ouye
will occupy the property for business afte
extensive alterations have been maze.