New-York tribune., 1911-12-24

OF 6fth street west OF klSotn avenue. rom
that time until last week the district was
somnolent Now IL apparently has realty
appeararce most alluring % many spccI-
lators and investors The sale Of the fiat
houses was quickly followed by rumors
about big speculative operations in tho re-
eior. Though none ~ the rumors were
ccrroboratcd. il was generally thought I'm
well informed real estate circles that come
speculative trading there involving large
sums would soon be reported.
On the Heights.
Tho Suena vista avenue plot sold com
prises four lots extending to Riverside Ter
race. opposite l7sth street II measures -
feet on either avenue and is go feet In
depth
The pronerty was bought 10y 4 client Of
tho william, I@mburg COMPANY. 1t was
owned Dog the York investing Company. Of
which VI. L. lyman is president. Mr.
Hvmsn's company bought it at the auction
sail. cf the Fort Washington syndicate
holdings in April. lsoA for Sl77co
Tho syndicate sold az that sale all the
propc,ty bounded by Fort Washington ave
nuc. Riyerfide Drive. i51th and lSIst streets
Although it IS not three years since th"t
sale. most of tho big tract that was sold
tb.p has been improved with fnc apart
ment houses II IS thought the new owner
will erect an apartment house in keeping
with the general character OF the houses III
that section which are Of a high order.
The big loft structure in the midtown
zone which changed hands is Nos. lb ana
f5 West 18th street II IS twelve stories
high. and is on a plot iSX9S.9 feet Ii was
bought by Aaron Coleman from the
Twenty-ff;h Street Construction Company
OF which George L. Felt is president. The
price raid was about S0o.Oo0.
Mr Coleman has now it appears. joined
the ranks of midtown investors. For some
years he was one Of the biggest spectators
I'm the territory. He bought plots 10 resell
to speculative builders for immediate i'm
provement. The site on which is the struct-
ure that he has JUS, bought he sold to the
Twenty-ffth Street Construction COMPANY
about eighteen months ago.
The site Of the adjoining building was
bought from Judson s. Todd about the
same time that the Coleman property was
secured. This property is No. l37 70 Al
and measures 60X9S9 feet. The twelve story
structure covering this area the company
retains II is well rented. Both buildings
weA built from plans prepared by Fred
erick c. ZSbel.
William II. Browning. Of Browning. King
& Co. got the group of loft buildings at
Nos JO2 and J04 Broadway and extending
10 No. a to 80 Crosby street. from Charles
Laue Mr. Browning bought the property
for his wife. She also owns several other
parcels in the neighborhood.
The property comprises four five story
buildings fronting 49, feet in Broadway and
1903 feet in Crosby street. The Broadway
frontage is covered by single structure,
which runs back 10 Nos "a and IS Crosby
street The other buildings on Crosby
street have been annexed TO the main
structure at different times.
Mr. Laue bought this property in Novem-
ber from ex-Nayor Seth Low. who fifteen
years previous acquired IT for investment
He sold to AIr. Laue for 800 900. according
10 various sources Of information.
Mr. Browning and his wife own the prop
critics at Nos 26S and 270 3s6 and 39s and
500 Canal street. No. to Laight street
end No Walker street The parcel just
acquired is their first in Broadway.
The theatre which viii occupy a plot at
the southeast corner OF 47th street and
Broadway viii be built by the Palace
Realty and Amusement Company, Of whtch
Martin Beck is the president. The theatre
and land Will represent an investment Of
S6.5CooV7
The new theatre will have a frontage Of
80 feet on tho east side eff Broadway. which
! viii bc utilized a. ansentrauce. This plot