New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-07

Another transaction in the Fifth avenue
section was the feature in the real estate
market yesterday. The property sold is
in SSth street between Fifth and Sixth
avenues, which is TO be improved with
twelve story store and loft building. This
block has been one OF the most active
properties of the side streets in the section
between saith and 10th streets in the last
three years The new investment, 1t is
said will involve about $4,000.
The transaction involves No. % West
ssth street. which was sold by Helner &
Wolf, through Bloodgood & Gilbert, to the
Harvard Realty Company composed of
Joseph z. Goldberg and Louis Kramer,
who also purchased from Captain William
H. Wheeler. through Tucker Speyers &
Company. the adjoining similar property,
No. a. together comprising a plot 5ox9S.s
feet
The proposed building will have eXcep-
tional side light. by reason Of six story
building TO the west. which Captain
Wheeler bought 10 protect the light of a
twelve story loft structure he erected at
Nos q and so. and on the east is a re-
modelled low building, which was leased
recently for twenty-one years.
This will be the fifth loft building 70 he
erected en- this block. and in addition to
sales Of their sites in the last three years
other negotiations have resulted in the dis
posal Of several other properties. including
Nos . and II. just west Of the 81. Marc
Hotel holdings Of Burton Brothers, and
Nos o 10 %. which a syndicate repre-
sented by s Osgood Pon & Co. purchased
a few months ago.
The tsnest Office building uptown, ex-
ceptinc the Metropolitan tower. is 10 be
erected Just south Of the Flatiron. or Full
Ter BUILDING. according TO the present plans
Of the owners of a site at that point. This
plot occupies the southerly frontage on
pa street including the Fifth avenue and
Broadway corners.
The proposed holding Is 70 he twenty
five stories high and is TO cost probably
more than 100000 The plans are being
PREPARED by William G. Hazzlett. The site
IS owned by the Mortimer estate of which
Richard Mortimer of No. II Wall street
IS executor
It was also reported that negotiations
are pending for a sale Of the plot and
that the plans are being prepared for this
prospective buyer Nj Mortimer is out
of town. and Nj Hazlett. the architect.
refuse5 20 ecuss the matter or 10 say
what Shape the negotiations had reached.
The site fronts n12 feet in 22d street 75.f1
feet i'm Fifth avenue. 631o feet i'm Broad
way. opposite Brooks Brothers, and 1Wn
feet I'm the southerly line, making an area
of about 800 square feet
Three apartment houses figured in the
small number of sales reported yesterday,
one Of These was the Bueu9 Vista. at Nos.
90 20 a5r 81. Nicholas avenue. "a five story
structure oa plot 7L9xs3Xirree llar feet
which was sold 10y Mrs Annie G.. Clinton.
The buyer gave a home I'm Orange \. D.,
I'm part payment Edward y CROSBY &
Co were the brokers I'm the transaction.
A. Bllmentha sold for the 7. J Mcclure
Construction company to the Keats Com
pany the two 1--WE story apartment houses,
on plot Sox,O7 feet. at the southeast cor
ner Of Clinton avenue and 1SJth street In
part payment the Mcclure Construction
Company takes tle southeast corner Of
Third avenue and 179th street a plot LOOK
10 feet.
Plans have been FLED for a twelve story
store and loft building TO be erected at
the northeast corner Of Madison avenue
and 82d street. at a cost Of $4,000 II Will
have a frontage OF $50 feet on the avenue
by 95 feet on the street with a facade Of
granite, limestone, terra Gotta and brick.
Wallis & Goodwilie are the architects.
The ground IS owned by the Manice estate
and was leased some months ago for
twenty-one years with renewals 10 George
Backer and Arnstein & Levy at an ag-
gregate rental Of about $,500,00 for the
first term