New-York tribune., 1911-01-21

Within an hour after the ten story apart
ment house at No. u Fifth avenue was
purchased in the Real Estate Exchange
salesToom yesterday IL was resold at a fig
ure considerably above the price il brought
at auction. The Twelfth Ward Bank was the
original buyer, being represented through
its cashier, Mr. Iverson, who gave SlS2,ep
for the site the parcel having been forced
to public sale as the result OF a fore
closure suit brought by Harry B. Davis
against the Haines Realty Company, to
recover a mortgage OF $1,000 and accrued
interest.
The property later was purchased by
George Il. Baldwin from the bank for the
Waverly Realty Company. Of which Will
lam V. Lawrence IS president. for a price
approximatlng $500. The site occupies
a plot 26.3xlO0 feet, and is encountered with
a first mortgage Of Sl25.Ooo held by the
Metropolitan Life Insurance Company. IT
adioins the northwest corner of Sth street.
Another interesting transaction in the
Fifth avenue section was that negotiated
by the Douglas Robinson, Charles 5.
Brown Company, which sold for George &.
Smith No. 1G East 65th street, four story
and basement dwelling house. on a plot 25X
100 feet The property was held at $4,000.
and was purchased by Mr.. Smith in March,
1910, from Mrs. John Sinclair, OF Cedar
Rapids Mich. Charles B. Squier the new
owner, will occupy the house after extern
sive alterations. The parcel is midway
between Fifth and Madison avenues, and
IS directly opposite the Schieffelin home,
at No. West Goth street Robert A.
Chesebrough arranged TO buy No l6 last
June, but the transaction was not consum-
mated.
The Charles +. Noyes Company reports
an interesting Broadway transaction that
has just come TO light. Some months ago
this company sold for the Jay estate No
$40 Broadway, extending through 10 Cort-
landt Alley, q five story building, cover
ing plot 25xl50 feet II now develops that
the property was Immediately resold 10
Carson G. Peck, the owner Of No. 312
Broadway. Mr. Peck thus obtained a plot
5cxl5O feet at this point. The original pur-
chasers were Franklin s. Jerome and Jo-
seph II. Wright. Mr.. Peck IS reported TO
have paid close to Sl35OrO for the property.
Ennis & Sinnott have resold, through the
John H. Dye Company, No. 80 Greenwich
avenue, a four story building, on lot 2lX13
feet, adjoining the corner OF Perry street.
The buyer, Nathan Glasshem, will alter
the property for business purposes. Mr..
Glassheim owns several other parcels on
this block.
Plans have been filed for the erection Of
q twelve story bank and Office building on
the southwest corner Of Canal and or
chard streets for Sender Jarmulowsky, AT
a cost Of S20OOoo The building will have
FACADE of marble brick. Indiana limestone
and terra Gotta in the modern Renaissance
style OF architecture with ornamented en-
trance al the corner through fancy grilled
doors. over the entrance will be a large
marble panel, with a clock in the centre and
q group Of figures carved around It.
The structure viii be ornamented with a
large tower Of copper and iron and large
urns at given distances on the coping Of
the roof 1t will have. including the tower,
a total height Of about 212 feet. The bank
proper Will occupy the first two floors, the
rest Of the building being given over 10
lofts and Offices. W. i. Rouse and L. A.
Goldstone are the architects.