New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-11

The chief transaction In the real estate
market Yesterday was the sale OF the I'll
Dorado apartment, occupying the DOCK
front on Central Park West, from sVth 10
oIst street. each on a plot 100.sxlO feet.
The structures were bought from the I'll
Dorado Realty Company by Audley Clarke
a d, ointment figure in the building material
trade of Brooklyn, as an investment IN
mart payment he gave more than tory
improved and unimproved properties on
PENNSYLVANIA avenue. Ocean Parkway, l5th
and 14th streets, and other thoroughtares
scattered about the Borough of Brooklyn
The exchange was negotiated by John A.
Osborne of this city, who reports the az
gregate considerations in the transactions
as 81, 900, the FL Dorado Apartments ne-
uring at 81 10000 and the Brooklyn parcels
at $4,000 The selling company was rep
resented in the exchange by the law ilrn
of Brewer, Barclay & Stout.
The Central Park West block was pur-
chased about ten years ago and improved
with the present structures by John v
Signell from plans by Neville e. BaGse'
the construction cost being given as s'oo'-
600. Although the houses are OF the older
type of construction, they were built 50
far ahead Of their day that they are stu
numbered among the representative apart
uent buildings OF the city About eighteen
months ago the IL Dorado property was
placed under contract to the Jacobs es-
tate. which was to have given In part pay
meut - lots on Fairview and Wadsworth
avenues, near 1921 street, Washington
Heights. but that transaction was never
completed
The Real Estate Management Company
has sold for the estate of John a. Gault
No. - West ?3d street. southeast corner Oh
Columbus avenue. five story hathouse'
with stores. known as the Lowell. 1t oc-
cupies a frontage OF zoos feet on the ave
mo and g 10 feet on the street. The prop
erty has been in the possession OF the sell
| ing family for about twenty-five years.
Plans have been filed for the construction
~ a six story office building on the south
eide ~ old sin, between Pearl and Water
/ streets. for William r. Grace Co. 1t
| will have a frontage OF 1863 feet on Oid
Slip by 579 feet in Pearl street and 1888
feet I'm Water street, with FACADE OF
| limestone and brick and VIII be nreproot'
| DOench & Yost and J. ". O'Connor are
the architects, and have estimated the cost
| at $4,000.
Plans have also been fled for the con-
| struction of an Italian school for the mil
! dren's Aid Society on the southwest corner
OF Hester and Elizabeth streets. II VIII
have a frontage Of 54.6 feet on the former
street and 999 feet on the latter. IL VIII
have a facade Of brick, limestone granite
and terra Gotta. and will be hreproof
structure. eight stories and basement high.
In the basement will be situated chill
drens dining room, with a large auai-
forum. nurses and dental clinic. lhere
will be sleeping rooms on the first moor
on the second floor will be large gym
nasum. a reception room. pool and billiard
room. reading and games room. The thlrd'
fourth, nth and sixth floors will he taken
up with fifteen classrooms. on the sew
enth floor Will he a sign painting room ana
a printing room and on the eighth floor
will be one classroom and living rooms for
the caretaker OF the building. On the roof
will be a covered playground and an open
J playground. Parish & Schroeder, the arch
! fleets. have estimated the cost at N-o'"1