New-York tribune., 1911-11-11
MIDTOWN 16 STORY BUILDING SOLD
Structure in West 22d Street. Erected Last Year, Valued al
S10OOO00 Purchased by Samuel K. Jacobs.
VIEW OWNER FOR ANOTHER BIG HOUSE IN HUDSON ST.

larger number of important sales were
announced in the real estate market yes
terday than on a single day for some
weeks past. Chief among these was that
of a new sixteen story building in the mid
town section, which is valued at Sl.Ooo,ON.
The property which figured in this trans
action is at No. 90 to 26 West 22d street, on
a plot 103 lOx9S.9 feet. II was purchased
by Samuel X Jacobs. Of Walter Emmerich
& Co. from the West 22d Street Company,
of which Louis korn is president. The
structure was built by the selling company
last year. and Is directly TO the rear OF
Stern Brothers establishment.
In 1909 Mr.. Jacobs bought the old build
ings at Nos. "a and &c. and In January,
1910 added To this site the Fraser and
Clarkson houses, Nos % and o. In Febrn-
airy, 1910 the entire site was sold by him
to a corporation formed to build the exist
ing sixteen story structure. About SIX
months ago the concern got into difficul-
ties and the contractors and material men.
forming n creditors committee, took over
the building. More recently II became plain
that this plan was not working. and that.
in the ordinary course of events Mr..
Jacobs would have 10 foreclose his second
mortgage of 100000 Mr.. Jacobs, IT ap-
pears, preferred to purchase the structure
in the usual way-a proceeding probably
more satisfactory TO the supply men thah
foreclosure might have proved.
The Greenwich Investing Company
James II. Cruikshank) has sold the SIX
story loft building at No. 5O5 Hudson street
covering a plot 40.1x100 feet just north OF
Christopher street. This is one of the two
structures Just completed on plot former
" owned by the McAdoo Tunnel COM
pany which was purchased, together with
the greater part of the block bounded hy
Hudson and Greenwich, Christopher and
West 10th streets. as a site for terminal
when the company's plans covered only
the completion of the old Morton street
tunnel. Mr.. Cruikshank bought tho Hud-
son street lots from the tunnel company
early this year.
According to a report Yesterday a new
clubhouse is to be erected on the upper
West Side. The property, No. 16l to 165
West 93d street, which was acquired by the
Number 163 West Ninety-third Street Com
pany. James Livingston, president, last
June as a site for an apartment house. is
reported 10 have been resold TO clup,
which will erect a building for its own
use The property measures 5lx106.1o feet
irregular. and was TO be improved with
an eight story apartment house. plans for
which had been prepared by Neville &
Bagge The plot is in block which is I'M
proved entirely with private residences.
one OF the largest transactions made IN
the Dyckman section this year has Just been
consummated. It involves eighteen lots
belonging to the estate Of A. r. Altmayer.
whose holdings were recently offered at
auction and bought in by interested par
ties. Yesterdays transaction has TO do
with the plot of four lots at the north
west corner of Sherman avenue and Acad-
emy street. 1oOx1O0 feet, together with the
adjoining plot 3OOx15O feet On Sherman ave-
nue. The purchaser is Max Marx, who will
offer the property for resale to builders.
The property is adjacent to the 2o7th street
subway station. where large amount Of
apartment house construction has been I'M
dertaken in the last couple of years.