New-York tribune., 1911-02-02

Investors were large buyers of Manhattan
real estate.
Franklin Simon & CO. bought for about
,s0o010 the premises NO 40 Fifth avenue.
with an Il" to and including Nos. and 4
West SSth street II got The properly
through Daniel Birdsall & Co from the
johnson estate. OF this city, and the Whit
ney estate. OF Boston. The premises we're
affected by litigation for many years.
The plot fronts 2s.S feet on the avenue
aud g. feet in Ssth street. II changed hands
COR q sum which was thought 20 establlsh
new high record for sites in this sec
lion.
Franklin Simon & Co. bought the adtoin-
tnr uroperty. No IA Fifth avenue. about
ten years ago. The central Fifth avenue
district was then a small shopping zone.
They plan TO erect ten story building on
the %sth street part of tho premises anu
also to improve No. 4l6.
There was a report yesterday that the
propertv ACQUIRED from the estates had
been resoId. This rumor was unfounded.
The new Weston Hotel. a twelve story
structure at the northeast corner of Madi-
son avenue and 4ath street. was sold BY
Daniel y. Ritchey for a consideration ap~
nrox,rating $4,000 TO George L. Sanborn.
rho formerly had a part interest In the
Navarro and Cumberland Hotels.
Besides the realty. some OF the chattelS
have been sold. which will bring the con-
xideration in the transaction beyond 81
lsnCoo
The Weston occupies plot fronting '9.S
'eet on Madison avenue and IS feet in '9th
street. the property including ten-foot
court which sbuts the residence OF J. Bor-
den Hartman. at No. IS East 18th street
To the north Of the hotel Is the Jackson
Covraud residence which was sold year
ago
The hosiery is one of a chain Of hotels
erected by Charles A Cowen & Co for
syndicate headed by the late Charles 1.
Barney. II was opened about six years
40 under a lease.
Activity on Washington Heights vas re-
rected by tie sale by David Stewart FOR
The DeSenhardt Construction Company OF
.he Palsade Hall Nos. IS and 30 Pinehurst
avenue. % feet north of 17sth street, a
I've story twenty family apartment on
plot 55x1no The buyers are investors.
An aIl-cash purchase was the fea ure OF
the downtown districts. The Chales F.
Move, Company sold for Daniel Birfsall &
90. the FIVE story and basement store
and loft building No. 90 White street. COW
cring q lot 25x1oO feet. The property was
held at $4,000.
William Cruikshanks Sons and Douglas
Robinson Charles s. Brown & Co. sold
or Martha A Kohn the four story and
basement dwelling house No. ia East 18th
street. between Fifth and Madison ave
rucs
Harriet X. Welles bought the property
for occupancy.
The New Grand Central Palace. Iexing-
ron avenue to Depew Place, 46th and 9Th
streets, will be opened about May next.
This exhibition palace Is thirteen stories
nigh. occupying city block and has 4.
-otal floor space OF more than 10000
square feet. II will solve for most show
promoters the problem of housing the great
exhibitions peculiar to the metropolis and
will afford space in the coliseum more than
adequate for the requirements OF any pros
.ective automobile shows Besides It's pub
fia service as 4 home for occasional or an
,iual exhibitions and events. It will be the
nome OF the Merchants and Manufa cturers'
exchange and the New York Furniture
exchange.
Tho New Grand Central Palace is an i'm
rortant phase OF tho architectural engi-
ues1ins and municipal plan OF the New
York central & Hudson River Railroads =
criminal