New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-02
BUYERS ACTIVE IN MANY DISTRICTS
Market Found for More Twelve Story Loft and Store Buildings
in the Newer Central Business Areas.
GooD DEMAND FOR LOTS AND HOUSES IN HE bhUNA.

The building sold was held at $4,000.
The sellers took in part payment, at $125'-
OoO. an estate at Scarsdae, y. Y, consist
ing of four acres OF land, with large
house Of twenty-three rooms and garage.
Mr. Berry sold year ago for the Bre-
WORT Construction Company Nos. b ana
West Goth street. similar building, TO Sr
Gordon Cunard, of London, for A-oc"'
The company recently completed the Put
nam Building, No , 10 West ioth street.
a sixteen story building, on plot 'oAlo'o
feet. which IL sold TO Thomas a. Sperry' CT
Sperry a Hutchinson. Tine twelve story
building No 20 West 18th street when II
still owns. completed the operations OF the
company In this section
Adelstein & Avrutine (Rutgers Construc-
ton Company purchased the Amy IT,
Gallatin property al the southeast corner
Of Fourth avenue and 29th street, three OLD
four story buildings, on plot 60 feet . inches
front on Fourth avenue by 81 feet deep
The plot will be improved with modern
loft building when the present leases eN-
pre. The Cruikshank Company was the
broker in the transaction.
Mrs. Gallatin recently disposed Of an
other Fourth avenue property II 49, -
the site S99xSS feet Nos. 32s and S3l, De-
tween oath and 26th streets, which was
purchased by he Realty Holding Company
On. ]. g. f. II. Hess) through the Cruik-
shank Company. That property will also
Ne improved with a tell loft structure al
the expiration Of the present leases
lido NJ. FIeischmann leased No. 536 Fifth
avenue between 4th and 9TH streets, five
story building on plot 25Xl0 feet. to the
Mirror Company for term Of twenty-one
years at net rental acGregating s5OOooo.
The store and basement are at present oc-
cupied by Youmans. the halter, their eleven
year lease having been purchased by tn
present owner The Mirror Company vii
occupy the store and basement Leo Hess
was the broker.
In the upper Fifth avenue section Henry
n Winans & May sold No. East Sth
street, q six story modern American base
ment house on lot 26xl6 feet for Miss
Blanche Barclay on private terms. This
house was built by Edgar & Sons being
one OF three. No. Is owned and occupied
by the Rev DR.. George w. Douglas and
No. by Edward c. Schaefer. The adjoin-
ing lots 10 the east and north Of this prop
erty are restricted to private dwelling
houses This property was purchased by
Miss Barclay in 1910.
The new owner Will occupy the premises
In the early fall.
The plot, l02 2xl5o feet, at the northwest
corner Of s5th street and West End avenue,
was sold by Mark Rafalsky g. Co. for Har-
ris and Maurice Mandelbaum to the Elkan
Realty Company. Leopold Kahn is the
president of the purchasing company. The
sellers held the property at $4,000.
The Elkan Realty Company will improve
the plot with a twelve story apartment
house of the highest class. Mark Rafalsky
& Co. also secured a building and perma-
nent loan OF $4,000 for the operation. The
total amount involved in the land and i'm
provement is about s., 10000
A. c. g. L. A. Marks sold for the Hen
Messy Realty Company the White Court
apartment house, at No. &3 West 10Th
street, a nine story and basement struct-
ure on a plot 5oxl00 feet. TO a client. who
gave in part payment the properties at
Nos. 23ls and 23ls Third avenue. two three
story buildings, on plot 50xeo feet.
The value Of the properties In the trade
was about $500 900.