New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-19

The real estate market yesterday was
marked by more activity than on any DAY
20 far this week. Several important trans
actions were announced. two OF which were
the sale of two new sixteen story business
buildings. each involving about N,bU'oV'
I. Randolph Jacobs increased his holdings
In West s7th street, on which property ne is
TO build nine story apartment house: the
Hoguet estate sold nine lots at the south
west corner OF Riverside Drive and lAis'
street. while Amos r. Pinchot bought
another dwelling house in West 46th street
which he will alter for business purposes.
The new sixteen story Arena Building al
Nos. IS and 10 West ed street. extending
through the block TO Nos. 80 and Al Wes'
slst street. was sold by Albert b. Ashior'n
for the Arena Construction Company
(Backer, Arnstein & Levy and broo!'
Adler & Koch TO the Martin Holding com
pany, of which c. Grayson Martin Is presi-
dent. The building has frontage vi "
feet in s,st street and IA feet in S2d street.
II Is a store. loft and office building, rent
cd for show rooms TO wholesalers and retail
ess The store. basement and first loft were
rscer,Iv leased for a term Of years by
Mr. Ashforth TO George Legg. millinery
supplies. now at No Washington place
The property has been held at sl5n~o
and is purchased for investment The ouild-
ing adioins the Hotel Imperial and other
Goelet estate properties, which cover the
entire block front on the east SIDE OF
Broadway between Slst and Sd streets
The other big structure sold was the Put
man RuiIding. a loft, store and Office build
nd street.
on a plot 75x1O0.5 feet, adjoining the south
west corner of Fifth avenue. 1t was soid
by Tucker, Speyer & Co for the bre-
WORT Construction Company, EDWARD
Friedman. president for sl.25o,co to Thomas
A. sperry. senior member OF the Sperry
& Hutchison Company. the trading stamp
concern. who acquired the property as an
investment.
The Putnam Building stands on the site
of the former New York Cab Company sta
hles, and was completed late last year. and
IN now about three-quarters rented, the prin-
cipai tenant being c. P. Putnams Sons.
publishers. who occupy about third or
the building which is capable OF yielding an
annual rental OF s126,00o.
The builders acquired tho site in Novem-
Der. 1909. for about $500 900 from James a.
Farley. who had previously purchased 1t in
May for s35O.000.
In exchange for the Putnam Building.
which Is encountered with mortgage of
ss25,o0o. made by the Greenwich Savings
Bank. MIR. Sperry gave the six story loft
building on plot 50.2x100 feet, at Nos. 19S
and 200 Canal street. adjoining the south
east corner Of Mulberry street, and large
property in Crawford n. j. These parcels
figured in the transaction at a valuation OF
$25O.0O0. making the total consideration
s1.5Oo,OOO.
The Hoguet estate. sold through Schind
Ter & Lebler to Lowenfeld G. Pragi an
other portion of the Hoguet homestead, al
10th TO 1920 streets and Riverside Drive
The present transaction includes the nine
lots at the southeast corner OF Riverside
Drive and 141st street. This is the second
large parcel disposed Of by this estate with
in ten days. the other sale being the adjoin-
ing nine lots on the south. forming the
northeast corner Of 14Oth street and River
SIDE Drive. The entire block. consisting OF
eighteen lots. was held at s425.o0 and II
lie understood that close to this amount was
realized.
Slawson & Hobbs sold TO I. Randolph ia
cobs No 314 West s7th street. a three stor!
end basement brownstone dwelling house
on lot 2Ox100 feet This additional purchase
now makes a plot S0x1O0 feet, the adjoin
ing so feet having been acquired by The
present buyer some time ago. Mr.. Jacob:
intends erecting nine story freproof apart
ment on this sit, with suites OF three, foul
and FIVE rooms.