New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-04-25


remainder Of the former Iangham Hotel
site. at the northeast corner of Fifth ave-
rue and SGD street. directly opposite the
Vanderbilt home. which has Agired IN sew
erai transactions since about eight years
ago. when 1t was purchased TO prevent It's
use for business Improvement.
Early this month the corner piece. 90 by
ll5 feet. was sold by Mr.. Bowling to
client Of Masten & Nichols through the
Douglas Robinson. Charles s. Brown Com
pany. and to-day the same brokers an
nounce the sale of the remainder OF the
plot to an investor not identified with the
previous purchasers. II is said that the
property was acquired by large estate.
The property affected by the recent trans
action has frontage Of $50 feet In Firth
avenue. with a depth OF 100 feet and an
outlet OF Is feet in sd street. AS with the
former property. the purchaser OF this plot
has negotiated twenty-one-year lease.
with renewals at a per cent net rate
upon the cost Of the site. and whereby the
tenant will erect commercial puiolhe.
Title is 10 be passed on May ]. so that the
erection of the structure can proceed. IL
Is understood that Edward Holbrook Will
cause the building on the $50 street corner
20 be RACED early next month
This is the third sale on this Fifth avenue
block effected by the same brokers this
year. the adjoining lot to the north having
been sold for the Schieffelin estate TO Ed
ward Holbrook. who owns the remainder
. Of the frontage to SD street
Thus the entire frontage from SD TO SD
street is assured Of commercial improve
ments al an early date. and 1t is expected
that plans will be arranged mutually by
the owners so that the structures contem-
plated can be made harmonious as to ar
chitecture and courts. so as to give the
best possible distribution OF light and air
The price is reported 10 be somewhat over
100000.
" & l. Hess have sold for the Realty
Holding Company the property Nos. 10 and
d East goth street on plot 50 by % feet
recently acquired from the Weekes estate,
20 the Twentieth Street Realty Company.
Of which John La Spina is president and
Alexander Morris Tce-president.
Plans are being prepared by Frederick c.
Zobel for a twelve story and basement high
class mercantile structure TO he offered for
rent TO the commission and importing
trades etc
Plans have been filed for a new seventeen
story Office and telephone exchange foEthe
New York Telephone Company, TO be
erected ct No. IS to &c Walker street. ex-
tending through the block to Nos. IS and
- Lispenard street.
The facade will be Of granite at the first
story. with brick and terra Gotta trimmings
above II will be a freproof building
equipped with two flights Of stairs and thir-
,een elevators, seven on the Walker street
side and SIX on the Lispenard street side.
i will have a frontage of lA9 feet in
Walker street and S. feet IN Iispenard
street and will he known as the Walker
Leonard Building Cyrus l.. W. Eidlitz
and Mckenzie. Voorhees, e. Gmein, as as
sociates. are the architects. The cost Of
this building has been placed al sL4OO.Up.
Plans have also been filed for the erec-
ton of a new home for Oakleigh Thorne.
president Of the Trust Company Of Amer
lea. at the northeast corner Of Park ave
rue and I'D street The structure will he
% French Renaissance style Of architect
IRE with bronze door entrance ana dor
rner windows on either side. The entrance
Will he approached by fight Of granite
stems into a marble vestibe. The cost Is
estimated al $500
Julian l. Peabody. son Of Charles A.
Peabody. is the buyer Of the dwelling house
20 1872 East 18th street the sale Of which
~ sarah Holman through George r Read
< 90. was reported few weeks ago
Mr. Peabody has Just filed plans for CON
verting the house into one of the American
basement tyre. a. an estimated cost of
$500.
William r Rose has sold Nos 12s and 80
last eth street two four story dwelling
houses on plot Il by 1905 feet near Park
avenue The site Will be improved
Mr. Rose acquired the property last De
oember from William 2. Havemeyer in an
exchange for the dwelling house No. -
East 64th street
Negotiations have been concluded by
Tease e. Gilman whereby the lease for ten
years recently obtained on the Holland
House. Fifth avenue and 2nth street, by the
Holland House Operating Company, G. A
Wood. president. has been extended TO
cover a term Of tventy-one years.
The original lease. which was arranged
r. the same brokers with the Whiting es-
,ato. 81 Washington. owners Of the realty.
was made on a rental basis Of $4,000 per
ennum. with renewal privileges based on
retaliation ~ tho end Of each ten-year
period.
Pease &, Gilman also announce the sale
of the furniture ~ the Holland House for
0ustaye Paumann. the former proprietor
e Tire new tenants. who comprise the firm
Of Harvey g Wood. which controls several
,aroa ho.eIs in the South.