New-York tribune., 1911-01-12

Theodore r. Starr Is the latest of the
large retail Jewelry merchants TO desert the
lower for the upper section OF Fifth avenue
! I'm the last few years. lie has carried on
business AT No. 2O6 Fifth avenue, between
25th and 26th streets, facing Madison
SQUARE, for many years. The house yester-
day obtained a twenty-one year lease Of
the Howard Building an eleven story store
and office structure, on a plot 5o.5xloo feet
at the southwest corner of Fifth avenue
and i7th street at an aggregate rental for
the fun term Of about $4,000.
The concern will move into its new quar-
ters soon after May /. when necessary al
terations have been made. The property
was leased from Ralph L. Shainwald and
Michael Dreicer. who purchased it from
Simon Frankel I'm 1908 for about Sl,2j0.o0o
subject TO mortgage of $.0O0O0O. Direct
IL opposite is the Windsor Arcade, the
northerly half Of which is to he improved
for w. e. J. Sloane, and on the northwest
corner is the Windsor Trust Company
building. erected by Arthur Tooth & Sons,
who leased the ground, owned by Columbia
University. from Perry Belmont.
Howard & Co, who occupy the store in
=.
ton on a new site in the immediate vicinity
of their present quarters, TO which they
will move after May l. when their lease
expires Frank u. WELLER was the broker
in the transaction.
Harry Goodstein and John Palmer have
sold Temple Hall. a new six story elevator
apartment house, with stores, at the south
west corner Of LenoX avenue and l2lst
street. on a plot fronting 100 feet on the
avenue and 70 feet in l21st street. TO the
De Forest Corporation for investment. IL
is one Of the best built houses in Harlem
The remainder Of the block is occupied by
the new Temple Israel, of Harlem. In part
payment for Temple Hall the De Forest
CORPORATION gives to Goodstein & Palmer
the excavated plot of about seven and one
half lots at the corner of 16ith street and
St Nicholas avenue. Edward J. King &
Co were the brokers In the transaction.
which involved about $4,000.
The Charles F. Noyes Company resold
for client 10 Harry K GriGg No. "a Front
street, a FIVE story and basement building,
with elevator, on a plot lSSxs6.7 feet 1t
adtoins four buildings In Old Slip. This Is
the third sale Of the same property in the
last six months. It was first taken by &.
NJ. silverman & Son at $4,000 I'm exchange
and recently sold to the present seller. MI
Grigg. the purchaser Of the property, lately
purchased through the same brokers No. 10
Front street
According 10 Charles l. Riyes. presi-
dent of the New York Hospital ii will he
several years before the buildings OH the
new site purchased on Tuesday by the
hospital Of the entire block bounded by
Eleventh and Twelfth avenues and saith
and 55th streets will be completed. lie
hoped. he said, that when the hospital
moved into its new home a portion Of the
present site in 18th and 10th streets
could be preserved for an ambulance sta
ton and small emergency hospital. This
conclusion, he added, depended largely
upon finances, as the endowment fund Of
the hospital would have TO be utilized for
the construction of the new buildings, and
by the time they are completed there will
be need of municipal or private help.
Nothing will he done, however, toward
the sale of the old site until the new
buildings are under way.