New-York tribune., 1911-01-05
ESTATE SELLS RIVERSIDE DRIVE PLOT
Ward Property at 14h Street. To Be improved byA c. H. NJ
Hall Realty Company with an Apartment House.
oARD OF BROKERS FAvoRs INTERBoRo's SUBWAY PLAN

Riverside Drive was no strange tnor-
cughfare last year to large speculative
builders and construction companies.
More noteworthy apartment house buiiu-
ing was successfully carried out there than
in many previous years in the history VI
realty trading in the greater city. IL one
may accurately judge OF what Will happe"
throughout this season and the next IN tue
charming residential zone by purchase
yesterday, then there will be consideraoie
speculative operations there.
The a. c. &; II. NJ. Hall Realty COM
pany now owns that fine plot OF seven iotS
at the north corner of l14th street aho
Riverside Drive. 1t bought the property
yesterday through Hall j. How & Co. from
the Althea Rudd Ward estate. on the site
is the old Rudd house. residential land
mark of this part Of the city.
The site, which fronts 16 feet in the
Drive and about 200 feet in the street VIII
be improved by the Hall company with an
elevator apartment house of the highest
type.
Several large midtown transactions were
reported. Rutland & Whiting sold for John
j. Long No 147 Waverley Place, 22X62 feet'
for John a. and John /. Rosenbaum NO
l49 Waverley Place, 22x62 feet, and Tor
George d. l.. Harrison Nos fJl and l55
Waverley Place, 4SX62 feet. on each site
is a three story building, the combined
parcels forming a plot OF over four thou
sand square feet.
modern loft building will be put up on
the premises.
The II. NJ Well Company and Frost
Palmer & Co sold for Susan T.. Wood NO
165 West sd street, four story building on
lot 22Xll2.6 feet. The parcel is 100 feet east
OF Seventh avenue. II will be improved by
the new owner with a loft building. prob
ably eight stories high, from plans by
Benjamin W. Levitan.
There was a report yesterday that the
estate of Philip Donohue had sold the
building at No. PISS Broadway, between nth
and 18th streets, on lot 25.9x3o.5X25X3i1. The
property adjoins on the north the Metro
politan Market The property adjoining on
the north and the abutting frame building
on 18th street are owned by William J. Car
lin The selling price was said TO be $1,000
or at the rate of about $50 a square foot
The site comprises "A little more than 500
square feet.
Board of Brokers held on Wednesday for
the purpose OF considering the proposals
now before the Board of Estimate and APP
portionment and the Public Service Com
mission for the extension OF the rapid
transit system of the city, the organization
unanimously adopted resolution favoring
the proposal Of tho Interborough Rapid
Transit Company. 1t decided that the route
laid out by the lnterborough meets the re-
quirements of Manhattan, The Bronx.
Brooklyn and queens more adequately than
any other route proposed, and that in con-
junction with the existing subway, it makes
a unified and comprehensive transit system.
Moreover, the board says the route offers
transportation between all parts of the en-
tire system for one 5-cent fare.
II also favors the Interborough company's
plan because the Interborough company
will provide funds. in addition to the $53,-
100000 supplied by the city, to begin at once
construction on all parts OF the new sub
way. and agrees to complete the entire Sys-
TEN with all reasonable speed. And, fur
thermore by providing the necessary funds
over and above the s53,O0O,l00 of the city
moneys now available il relieves the city OF
the necessity of embarking on its own ac-
count upon an undertaking of doubtful eN-
rediency-doubtful for the reasons that
with the city moneys now available for the
purpose but a part of the work can he
done; that it Is uncertain how many years
will pass before the city debt limit may
be increased sufficiently 10 allow the SUBJ
way TO be finished with the city moneys;
that even if It should transpire that the
city be financially able I'm tho near future
10 complete the subway, the drain on its re-
sources for this one purpose will in all
probability prevent it from making proper
expenditures for other vitality needed public
Improvement
The board decided TO recommend that
if the proposal is accepted that the Inter
borough company be required TO give trans
fers from the subway 10 the elevated lines
and from the elevated lines 10 the subway
at the following points, namely. South
Ferry, Brooklyn Bridge, Broadway at Goth
street and Columbus avenue, in the same
manner as 1t now does at Third avenue and
T4sfl .treef "