New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-14
EXPANSION OF MIDTOWN LOFT AREA
ve Large Sites in the District from 23 to 42d Street Boo
for Immediate Improvement
,cATY OPERATIONS IN OTHER ATTRACTIVE SECTIONS

Wv i'''' ''N'' rect. Nos Il2 and ia Madison
a'e'ue' adjoining the southwest corner of
o',- on that site Mr.. Holstein is
so"e W e'ect twelve story loft structure
20 oe ready for occupancy next fall
ehth avenue section in the
'e''ea uiS'rlct is considered in the mid
Town business region. Therefore ~ the
realty business recently done i'm Seventh
avenue anu IN central Madison avenue is
ADDED TO the activity in the cross streets
from go To i2d street the volume of
ua"'hs IN midtown is much better than
lair. IN tact' it is excellent. considering
the remarkable building transformation
north 81 lith street and south of 57th street
in the last five years
Now as to what is To he done with tho
properties in the cross streets some dis
lance from the heart Of Murray hin which
have been sold in the last six weeks.
The premises Nos. SO and q West $5th
street. two three story dwelling houses. on
pot +oXlD feet, Is going to be improved
by Brody Adler &c Koch. the new owners
with 100000 loft building Joseph T.
Day sold the property for Herman KRAFT
zenstein and Mrs. Bella HOchstader The
Horner Building, twelve stories high No 20
to 26 West S6th street. on plot s5x9S9
feet. vas sold by Julian Benedict for a
company Of which Daniel w. Richman
is president. to an investor. 1t is valued
at 100000. II was leased recently as a
whole by r. J. Horner & Co, furniture
dealers, for term OF years. at an annual
rental of $4,000
The c. +. Hoffman estate bought the
lease held by Max L. Meyer on the property
Nos. 527 and 529 Sixth avenue and No. l04
West S2d street. and then rented the entire
property, which forms an around Goth
street. to the Childs company for twenty
one years At an aggregate net rental OF
more than $4,000. The lease carries two re-
newa privileges. The Childs company will
improve the property. The Willard 5. Bur-
rows Company was the broker in the trans
action.
Aaron Coleman bought for about 100000
the twelve story loft building Nos. 1A3 and
145 West oSth street from the 25th street
Construction Company. Of which George l..
Felt is president He gave in part pay
ment an adjoining plot, on which will stand
a loft structure similar to the one he owns
The five story building No 90 West Soth
street was reported to have been sold for
Henry H. and Harriet W. Holly to an in
weston.
William II. ChesebrOugh and Daniel b.
Freedman bought through the Douglas Rob
inson Charles s. Brown Company from Or.
Robert c. Myles Nos ~ and IS West 3sth
street, old dwelling houses on a plot Ak
$50 feet Edward W. Browning purchased
for improvement the four and five story
buildings Nos. 10 and 112 West 4oth
street. He will put up loft building on the
plot. which has a frontage of 80 feet and
depth Of $50 feet. The property was pur-
chased through y. 4. Ber~in g. Co
The 3Sth and 39th street Realty Com
pany which bought some months ago No.
IA West 39th street. together with the abut-
ting parcel No. 3 to II West 3sth street,
bought from General Howard Carroll No. II
West goth street. Judson $. Todd sold to
the Brunswick Realty Company, Of which
Robert z. Zobel IS president. the old build
ings Nos 35 and 81 West 39th street. The
buyer will erect there an ONCE building
which will be designed 10 harmonic with
the facade Of the United Engiseering So
cieties Building.
The Gloucester Realty Company bought
through Tucker. Speyers & Co. Nos, B. :,
and II West 3sth street 1t will erect
twelve story loft building at No. TO II.
low building for light protection, will be
maintained at No. West 3sth street
Lots in a Trade.
II was learned last week that the New
York Real Estate Securities Company gave
in part payment for the Irving Arms.
seven story apartment house at the north
e nd Riverside Drive.
a plot Of seventeen lots on Washington
Heights.
The lots extend from Broadway east TO
Wadsworth avenue. just north OF 16oth
street. The land follows line so feet
north Of this street. on Broadway it fronts
! 80 feet and on Wadsworth avenue 81 feet.
The length Of the plot is 326 feet.
The Welfare Realty and Construction
Company. the new owner, plans the i'm
provement Of the plot with apartment
houses Of FIVE and six stories. The fNe
story houses will he built along the Broad
way frontage and will be Of the non-ele-
vator type. Along Wadsworth avenue will
be six story houses. These viii have ele-
vators.
Between the lots and 1s5th street arc
nine shallow lots encountered with four old
frame houses.
The transaction was put through by the
McVickar, Gaillard Realty Company.
An important West Side transaction
last week was the purchase by Mrs Min
nine j. Brown Of the two 1ve-story dwell
inc houses Nos 374 and 376 West End
avenue. on a plot ExSS feet. She has an
adjoining house which has 2 frontage in
18th street. The combined parcels form a
rIot Al the southwest corner Of 18th street
and West End avenue fronting So feet
IN the avenue ana IS feet on 18th street
II is thought that al apartment house
will soon occupy the site.
The Apthorpe Apartment. owned by the
Aston estate covers the block 10 the
north, and az the southwest corner OF
18th street and West End avenue a tai