New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-03

Title to the old home site Of the Equita-
bic Life Assurance Society. at Broadway
and Cedar street. will be transferred on
December Is to the T. Coleman du Pont
syndicate for Sl3,5O0,ooO. This therefore
will be the largest sum ever paid 1or
Manhattan real estate. Moreover the
proposed building will, as regards moor
space, be the largest In the world. Inc
work Of clearing the site OF the old nome
Of the society destroyed by fire last Jan
uary Is expected TO be completed about
the time title passes. The task or I'M
proving the site will then be begun.
The total sum represented by the land
and the Improvement will be apout W.
10000. divided as follows: sl3,5Vo,W for
land, SllvO0.OO0 for building and N'S"'VV
for interest on building loan, archi'ec's
fees and other incidental charges.
1t was learned yesterday that the Equi-
table will advance on the property slS'-
800, 900 in the shape Of building ana per-
manent loan. The rate Of interest ID 10 oe
6 per cent during construction. ana there-
after a trifle below 8 per cent. Inc con
tract of construction, which was AWARDED
TO the Thompson Starrett Company calls
for the completion Of the building ior
tenancy by April, 1914.
The building will be thirty-six stores
Application for space has already been
received from many well known concerns
One concern wants the entire ground
floor for mercantile purposes. Several
banking houses have also spoken Tor
SPACE on the same floor. Arrangements
nave been practically concluded for the
leasing of five or six floors. Certain floors
will be accessible by way Of private ele-
vators. The Equitable Society will oc-
cupy three floors in the great building.
Rhineanders to Build.
An annex is TO be erected 10 the Rhine
lander buildings. three ten and twelve
story structures, by the Rhineiander es-
tate. The proposed building VIII be a
twelve story lott. to be built on the vacant
Mot Nos. 225 and 22S William street.
measuring o6Gxli3.2 feet. The improve
ment will complete the development OF
property owned by the Rhinelanders at
the point, including the entire fIon'ase
in Duane street. between William ana
Rose streets.
The trading announced by the brokers
yesterday follows:
Manhattan.
4GTH STREET--George r. Read d 60. soIa
for John A. Mitchell the private o"enlhe
house on a lot 22xi00.5 feet, at No. ~ Nes'
4Gtb street 10 Blanche s. Weed, OF stamford
Conn The property is TO be altered az oI'ee
into store and loft building. and has been
rented for a term Of about eighteen yeaie az
s. zoo net a year TO Arthur ). Lewis, VINO
also holds No. % under tease sIt.t. "a
alteration Of the latter property was completed
last spring Deeds and the leases were e1-
9SD STREET-The McVickar-Gaillard Realty
Company has sod 10 a client for investment
the FIVE story American basement house No
go ives, 9Sd street, on a lot ski feet ad-
Joining The southeast corner Of West End ave
nue.. Ella n Haskell is the owner OF record
l36TH STREET-Bleockner y. I'eggeu nus
sold Riverview Court six story apartment
house. o, plot 54xlOo feet, al nos; OH a AZ,
Ala West 136th street between Broadway ana
Riverside Drive to Mrs. Mary 4. Ollwerter
122D STREET-Stenman e. Son. ana A. j.
Madden have sold the three four story tene-
ment houses No 232 TO 236 East l22d street
on a plot SCHOOL, feet. for Nathan HutRon.
structures and h0ls them for investment
BOTH STREET-Emma Kerrigan has SOLO
Nos 4OG and 40s West s0th street, two FOUR
story front and two three story rear tenement
houses on a plot JOxlO0.5 feet l25 feet west
OF Ninth avenue.
The Bronx.
INTERVALE AVENUE-steinman e. Son
and A. J. Madden have sold the hve stoiH
fathouse at the northwest corner OF lntervaIe
~ ~ TpIiy construction Company. The
buyer Is ar Investor