New-York tribune., 1912-03-16
TWO LARGE APARTMENT HOUSES SOLD
Riverside Drive Structure Figures in Sl.250000 Trade for
Property Aiken S. Cnvesor Gets the Dorexa IN loOh ST.


MOUNT SINAI HOSPITAL
Tralinr Of apartment houses comprised
the chief transactions in he real estate
market yesterday. Principal interest o'
these centred in the sale OF the Dorchester.
a twelve story struCtur" t the northeast
corner Of Riverside Drive and Sjth street.
which was sold by Frank F.. smith tor
the Dorchester. Riverside Company TO
William n. Barnard. vlCe-president of the
EII,lity Trust Company. IN part payment
Mr. BARNARD gives his winter home at
AiLon 6 G. known as the Barnard Villa
Palace"
The Dorchester. occupying a plot front
ing 1922 feet on the drive and l25 feet on
S5th street is one Of the tnest structures
of it's tvpe on the West Side. It occupies
part of what was for many years the SITE
of the Misses Ely SchOol-the block 'front.'
gl0y2O0 feet. on Riverside Drive between
S5th and seth streets. Tr- entire property
was sold about six years ago by W. Bay
ard Cutting and others 20 the CITY invest
ing Company. which resold the S6th street
half 10 Ranald II. Mac Donald ana tne
&5th street half 1o2.2X200 feet. to the XIV
crsldc Drive Realty COMPANY "t "W'"
A. &. Hall = president. The Dorchester
was built in 1893 by that company from
pIans by Neville Il RagG" at an eSth'at'"
cost of 10000. and came into the posses
sion Of the Dorchester Riverside Company
about two months ago. It carries mort
gage f Sjj0.Ooo held by the Union Dime
Savings Bank.
Barnard villa Palace ia one Of the sno"
rlaces of tho winter colony at Aiken. IN"
rroparty consists of a large stone ana
etucco mansion of colonial design. fully
furnished and containing thirty-eisht
rooms I'm addition to the house Itself
there are stables. \ garage. conservatories
and other buildings, together win apouI
rirety-two acres Of land, fronting mainly
on Two Notch road and Nhiskey road
The place is in the heart OF the laShiohd-
bic section ~ Aiken. and Immediately ad-
Joining II are the Hitchcock, Hunhe"e"'
Kuser and Eustis properties.
The total amount involved in the ransac-
tion Is g. $50 600. the Dorchester apartments
figuring AT 81 oON.T 600 and the Aiken property
at t35n.r"o
Another apartment house near RlverSlde
| Drive TO he sold was the DorleXa, an elSnt
story structure at No. "20 West I"th
street. on plot 7oxlon.ll feet. The prop
ertv was completed last year and held AT
$40 ono by the West Side Construction COM
many. the seller. The buyer is an investor
and the transaction was negotiated by the
! Frank l.. Fisher Company.
The West Side Construction Company
owns the Wendoyn. twelve story apart
mont house. al the south corner Of the
4 ba and IL also
| sold few weeks ago the abuttng eight
story apartment house at NO. 80 N'H'
goth street.. known as the paramount
10 Lowenteld & Prayer, who gave IN "N-
change = plot. lOOXL2j feet. at the so"'h
! corner Of Riverside Drive and lilst street
! The Glen Cairn. a twelve story apartment
| house at the north corner Of the brlNe aho
| oath street was sold recently nv JULIUS
Veins.ein fin an exchange for fhe MOI
wood Park property, at West End Long
/ Branch. y. J.
The Mount Sinai Hospital has Increased
| its holding for tho erection OF no" pdth"-
! Logical laboratory. The institution mas
/ purchased. through Arnold. Byrne q bsu-
I mann No Is East nth street. nVe story
| ra,bouse. on lot 25x1"o feet about l'' feet
east of Fifth avenue. from Herman rouh
| Lor This. With two adjoining 1athouses
| Nos II and 1a purchased through inc same
| brokers last year. is 10 he replaced with
| tho now building which is 10 supplant the
| nr.sent Ia boratory on the lplst street slp"
| ~ tho hospitaI block BY this arrangement
ali funerals now held in the court and IN
yiou ~ tho administration building offices
! will he held from the proposed oui'n'hs'
| thus eliminating an objectionable teatnre
| from the main hospital block. TIL" average
rurbor of funerals Is about five daily.
Tho remaining property west Of the pro-
| posed building site to tltth avenue 70
| owned ny the Rossiter Realty Company
and Mount Sinai Hospital controls the rest
of tnc avenue frontage To l"th street.
pIo, looxI25 feet having been purchased IN
| I,,l,. iqro Of the trustees of the Meuopoll-
tan Museum Of Art
A twelve story building Will soon replace
the old five story structure now occupied
nv CHM a. CO.. publishers. AT the SOUTH
uest corner of Fifth avenue and 18TH street
| G.orge \. PIcmpton, owner OF the property
and one Of the directors or IN" htIl' "aS
commissioned Charles \. Rich, arrhltect'
tn prcpare plans for the structure 10 cost
about 10000. The property fronts % Ie't
ON the avenue and 2,O feet I'm the street
1bo building when completed will be leased
to CHM a. CO.. who will occupy setera' "i
the lower floors. and the balance ot space
will be- sub leased