New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-17

NEGOTIATIONS were ConSOmfnaleO VIII sV''
eral capitalists yesterday by Franklin
Simon & Co. who recently purchased No.
as Fifth avenue and No. West 3sth street.
for the formation of holding company,
which will take over these properties and
erect new building on the site.
The transa elton. II is said. will call for an
OUTLAY OF about sl,2oo0co The parcels in
question form an u around the south
west corner Of Fifth avenue and Ssth street
In Fifth avenue the parcel has frontage
NJ 2sS feet and a depth Of i% feet On
the street the frontage is 81 feet. inciudinS
q I2-foot alley, which will not be ouh'
upon. The new building on the avenue
front will be six stories high similar 10
tho adjoining structure. No. A4 Fifth ave
rue. now occupied by Franklin simon "
Co. and having the same floor levers
The Ssth street end Of the plot is TO be
improved with a twelve-story building
Edward Necarsulmer has nearly COM
rlcted plans for the new buildings winch
will be ready for occupancy by September
I and will considerably more than double
the facilities OF the Franklin Simon store.
The property No. F6 Fifth avenue was
formerly owned by the Johnson estate ana
was sold at auction last october Tor
.ss5 6ri At that time II was bought nv
interested parties who subsequently, resoid
81 together with No. West SSth street. TO
Franklin Simon & Co. Directly opposite
81 the southeast corner Of Fifth avenue
and 3sth street. the new Bcnwit-Telier
huildinr IS in course OF construction.
sale foreshadowing another improve
,nert IN the Madison avenue block patty oc-
Melted yesterday by Herbert a. Sherman,
who sold for Mrs. Edith Il. Genatly NO.
go Madison avenue. four-stOry dwelling
house on lot 27xlno feet. between 4Oth ana
41st streets The property was held at
e2co.e,o and Is said 10 have been taken by a
purchaser for price in the vicinity Of that
figure.
Several important changes nave heen
made in this block within year including
q ten-story building for the Chemists cub
and a twelve-story physicians ana den-
fists building on the 4lst street side, the
latter Improvement abutting the property
Just sold.
Two notable changes are In proc on the
westerly side OF Madison avenue. the south
west corner Of 4st street having been
leased recently for twenty-one years at
$4,000 per annum 70 the II. w. Johns Man
VILE Company by the COlgates. who are 10
build ifteen-story structure. and the
Hyde property al the northwest corner or
10th street * held under lease by the An
derson Auction Company which IS build
ing q twelve-story annex TO the former
residence Of the Hyde family.
syndicate composed Of y l.. Mordecal
e Son. Heilner e. Wolf and Daniel r. Freed
man has bought from the TOmahawk
Realty Company CRobert NJ. Silverman.
PRESIDENT No. 81 TO 3S3 West 43d street.
three three-story dwelling houses and a
fve-story fat. on plot 1o0Xloo.5 feet. The plot
IS located 100 feet east of Eighth avenue,
and adjoins the Ascension p L. Church
on the west The sellers acquired the
property a year ago
William sittenham has bought from Jus
tice James A O'Gorman, through William
Cruikshanks Sons. the property No. 40
West 37th street. a four-story dwelling
Louise. on lot 2oxes.9 feet Mr.. Sittenham
recently bought No. 81 West 37th street, ad-
Joining and now controls either as owner
or lessee Nos %. 40. 81. SO, 81 81. 20 and
90 West 37th street.
Heilner & Wolf have bought from Fred
eric 8 Isaac. of London. England. the FIVE
story apartment house at the northeast
corner Of Audubon avenue and 1920 street,
IN plot 20 9x70 feet. The building IS
couipped IN manner unusual for 8 five
story house. containing electric lights and
telephones Shaw & CO. were the brokers
in the deal.
The estate OF Thomas Nelson is the pur-
chaser of the Versailles Palace apartment
house at No. COS 10 6o7 West 18th street.
the sale Of which by the Scheer- Gins berg
Realty and Construction Company was re-
ported Va yesterdays Tribune