New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-04
UPPER BROADWAY BLOCK FRONT SOLD
Clark Estate DsposeS of Site to PaternOS VINO viii Erect Two
is Story Apartment HoSes-TransaCtion Involves S3OOOOOO
BIG PLOT IN BRONX PURC HASED FOR NEW IHtA'Rt

Palermo Brothers. Inc, yesterday pur-
chased from the Clark estate the entire
block front OIL Broadway. on the west SIDE,
from l15th to 11sth streets. II is announced
that on the site will be erected TWO sixteen
story apartment houses. which will be TIE
tallest of this character in Manhattan. The
transaction will represent an outlay OF
nearly 100000 The operation Is the l1rS-
est project for the West Side this year.
The site is one of the choicest on ttc
West Side for apartment houses. owing 10
its unique surroundings. guaranteeing per
petual light and air. IL is the last Of the
vacant holdings OF the Clark estate on the
upper West Side. The property consists
Of nine lots, and has frontages OF 200 feet
on Broadway, l25 feet in 115th street and
100 feet in 18th street 1t has been held at
$50, 900. The cost of the structures to bn
built is estimated at 100000 each.
Facing the property on Broadway, across
q stretch of 80 feet. is South Field, belong
ing to Columbia University. Di1gonally
opposite are the university grounds and
facing the 10th street end of the Clark plot
are the holdings OF Barnard College, CON-
prising the four blocks bounded by ll6th and
10th streets, Broadway and Clarenoht
avenue. From the upper stories Of the pre-
posed structure Il will be possible 10 OBJ
tain views of n long stretch of tn Pal
sades and the Sound Its northc-ly outlook
should take in most OF Washington Heights.
With the improvement Of the Clark prop
erty Palermo Brothers will have built up
the entire stretch OF about 60 feet. extend
ing from 18th street along Broadway TO
10th street and over to Riverside drive
with the exception Of a 25-foot lot in ll6th
street occupied by the Delta Phi fraternity
house Most OF the houses are now in the
hands of investors They still retain the
Coliseum. on the drive corner.
The site has been I'm the market for some
time Sawson & Hobbs were the brokers
in the transaction.
Archie Bimberg and A. j. Weter yester-
day purchased a site l21xlF feet on the
west side Of Prospect avenue. north OF 1881
street. on which property, II Is said VIII oe
erected the finest theatre in the borough
Alexander selkin and Ellis Epstein were
the brokers in the transaction.
II was rumored yesterday that the Spies
estate had sold a prominent property in the
corner Of Third avenue and s6th street,
which, according 10 neighborhood gossip.
has been Purchased by the Pabst Brew
ing Company, Of Milwaukee. At the local
office Of that concern 1t was said that they
had no information of the purchase. The
property comprises plot 1NDXlO22 rect
covered with three and four story stores
and fathouses.
The Cross & Brown Company has OBJ
tained for the Locomobile Company or
America loan Of $4,000 for the erection
Of an eleven story building on the plot NO.
l6 to q West 61st street recently acquired
by them through the same brokers. They
have also obtained for the Stevenson Con-
struction Company building and perma-
nent loan Of $4,000 from the Onondaga
County Savings Bank on the building to ne
constructed at Nos. .245. 247 and 2is West
55th street. and FOR George I SteWar = q
loan Of $500 covering No q East "'n
street