New-York tribune., 1911-02-25
MADISON AVENUE CORNER SITES SOLD
One Parcel Comprises Two DIVE Hing Houses 33d Street. the
Other the Nine Story Hoffman Arms Apartment at 59h st.
MUCH ACTIVITY MARKS DAY IN REAL ESTATE MARKET

The week end was marked by several I'M
portant realty transactions yesterday. In
fact. the volume OF business done was
heavier than on any other day OF the
week Chief interest centred in the sale
Of two dwelling houses at the northeast
corner Of Madison avenue and SD street.
Further north the Hoffman Arms a nine
story apartment at the northwest corner
OF Madison avenue and 59th street. was
transferred into the hands OF a new owner
In the Greenwich Village section five four
story dwelling houses in West 18th street
were sold.
The property at Madison avenue and SD
street comprises n plot 49.5x100 feet. II
was sold through Albert b. Ashforth by
the Herald Square Holding Company (Arn-
stein & Levy and George Backer). to Lotion
II. Slawson. who is Just completing the
Pullman Building, fifteen story office
structure on 25-foot lot at No. IL Mad
tson avenue. adjoining DR.. Parkhurst's
church on the north. The purchaser also
built and sold tho Tilden Building in 10th
street. adjoining the new home Of the
Union Dime Savings Bank at the corner
OF Sixth avenue.
In all probability Mr.. Slawson. who has
not fully decided on the character of the
Improvement, will erect a structure of
from twelve TO sixteen stories, the COM
pletion OF which will represent an invest
nent Of beween $4,000 and 10000.
The property Just sold was acquired by
the sellers in December from Z. J. Hancey
and Mrs. Ella A. Rogers for a shade under
$4,000. They have been holding II al $780,
COO II is subject to five-foot setback re-
strction, which will probably be abrogated,
as there is no longer any need for its main
; tenance. since the avenue has changed
from it's former residential character in this
{ section
Lewis r. Preston sold for the estate OF
/ Eugene A. Hoffman, the Hoffman Arms.
an apartment house, with stores, on a plot
e5xlO05 feet TO the Regent Realty Com
pany, Ephraim B. Levy, president. who
was represented in the sale by the firm OF
John J. Kavanagh. The property was held
at ss5O,Oo.
The structure was erected over twenty
years ago by Dean Hoffman, and was for
years the foremost apartment house on the
East Side Ii occupies one of the most
valuable corners north Of 42d street at the
centre of business district of steadily in
creasing Importance.
William Cruikshank's Sons sold for the
United States Trust Company, as trus-
tee TO Joseph J.. Buttenweiser. No 244 to
252 West 18th street. five four story and
basement dwelling houses. on a plot 97X103
feet
Williams Street Property Sold.
The Charles T. Noyes Company sold 70
Morris Weinstein. for Hatch & Clute. the
five story building No. 1877 William street.
covering a lot 2S9x56.1 feet The property
was held at $4,000. The transaction was
an all cash one. This is the first transfer
OF the property in ninety-seven years The
property is located between frankfort and
Spruce streets, close TO the Brooklyn
Bridge and newspaper Offices. The build
ing will lie remodeIled and negotiations
are pending for a lease TO a large res
taurant concern.
Max y, NatansOn has sold for the Brown
Realty Company TO the Lesco Realty COM
pany Nos. 249 and 25l West 111th street.
two six story elevator apartment houses,
on a plot 72x1oou feet. In exchange the
Lesco Realty Company gives No. 1876 and
l37 West 27th street. two five story tene-
ment houses. on a plot 50Xl00 feet The
transaction involves about $2750OO Maui
rice l.. Lefau was associated as broker in
the sale.
The Douglas Robinson, Charles s. Brown
Company las sold for a client No % East
2lst street. three story and basement
dwelling house, on lot 2l.5x9s9 feet. The
buyer is the Labaren Realty Holding Com
pany. Louis Steckler. president. which re-
Gently built the twelve story structure ad-
joining al No. q 70 y Fast 3lst street and