New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-26

Conditions There Favorable for Heavier Speculative Operations
and More Notable Additions to Groups of Modern Buildings
IMPORTANT SALES IN MANY MANHATTAN DISTRICTS

side Of Park avenue between 122d and l23d
streets and country estate OF ninety acres
at Chappaqua, y. Y, being the property
formerly owned by Frederick Tench. The
Park avenue front is now being eXcavated
and will be ready for building in the fall.
Still another big transaction was the sale
by Charles +. Cathie Of a plot of more
than seven lots at the northeast corner OF
Jerome avenue and Fordham Road for
Mrs. Matte Lynch. represented by Thorn
d Co. to H. L. Singh. who plans to i'm
prove the site Immediately. Mrs. Lynch
owned the property for nearly thirty years
and held it at 100000. The parcel is one oil
the most prominent corners in The Bronx
The transaction was for cash
The property has a frontage Of 81 feet in
Jerome avenue and $50 feet in Fordham
Road, with a 25-foot T. at its easterly end,
extending back rs feet. The exact nature
of the improvement planned for this site
has not yet been decided. AS there is to
be a station Of the proposed Jerome avenue
subway at the property, Mr.. Singh is con-
sidering erecting a structure similar 10 the
subway building put up by Klein & jack
son at the northeast corner of st. Nicholas
avenue and lS1st street Work will be
started before July l.
In Manhattan.
In the Dyckman district plot. lls.7Xls7s
feet at the northeast corner Of 2l2th street
and Broadway was bought by the Hazel
Real Estate Company for improvement
with a high class six story elevator apart
ment house. block south is the plot on
which the Paulist Fathers are to build
church.
On the Heights a buyer was found for
the Dardanelles, a six story elevator apart
ment house. No 400 West 18th street, on
a plot l25x991l feet. The new owner is
Mary T.. Hastings.
Apartment house buyers were also fairy
active in the West Side from 5Sth 10 i-o'h
street.
John II. Berry sold to client for the
Globe Realty Company dudley >. fnu
Herbert s Harde) the Towers. an apart
ment house at Central Park West ana
s4th street. a nine story building, fronting
80 feet in Central Park West and 100 i''i
i'm West 9th street The property mas pech
held at 100000.
This apartment house was one OF the nrS'
freproof houses erected on the West Sioe'
At the time of its completion by the pres
ent owners it was considered one OF the
finest specimens of apartment construction
in the city The Globe Realty Company
also built the apartment houses known a.
tho Ped House, in West S5th street near
Riverside Drive, and the Turrets, at Stn
street and Riverside Drive, which they solu
in November, 1910, to Jonas II. Mohheiiit',
The midtown business and residential
zones gave ample evidence OF their drawing
nowers in investment and speculative c'E-
Giles.
A $4,000 transaction was negotiated by
Albert B. Ashforth. lie sold for the George
Backer Construction Company the ne"
twelve story store, loft and Office building
Nos. so and 81 West 45th street. on plot
4O6xl0O5 feet.
John d. Rockefeller bought No. "A west
54th street, a four story dwelling house, 70
nrotect the houses occupied by himself and
son.
Among other big transactions In the week
were the purchase by the Helenita Realty
COMPANY of the lot 20xlO05 feet, No. o3
We l6th street, as additional land for its
prol..td hotel, Of the premises No. l63 East
74th street. TO Professor William NJ Sloane
of Columbia University, OF No. IL West
leth street, 10 Michael G. Bowler, and or
No. West SD street, to Charles Deering,
and also the enlargement Of the holdings
at the northwest corner Of 68th street and
Madison avenue by the Henry Lucas syndi-
cate