New-York tribune., 1912-03-14

The chief transaction in the real estate
market yesterday was trade mVoilHs
81. .4O0, 900. In II new apartment mouse
on Riverside Drive and the greater par'
Of the famous Norwood property at Ions
Branch. developed by the late Norman L'
Munro, figured.
The apartment house is the twelve storS
Glen Cairn. at the northeast corner or 9Stn
street on plot fronting 105 feet on 'he
Drive and 140.S feet in the street II was
transferred a few days ago by the HIGH
wood Realty and Construction Company 10
the Orb Realty Company. It is said to nave
been sold IN Yesterdays TRANSACTION loi
about 100000.
The BUYERS. the Norwood Park Company
gave in part payment their holdings III tn'
West End section Of Long Branch. when
consist Of about twenty houses on Holly
wood and Cedar avenues and seventy acres
Of land.
The Glen Cairn was built by the High
wood Realty and Construction Company IN
1910.
Calder. Nassoit & Lanning, in conjunction
with John II. Berry, were the brokers IN
the transaction.
NJ. a l.. Hess nave S'ih iva -''''
Realty Company through Robert Colgate %
Co. Nos As and a. East goth street d
twelve story and basement modern freprooi
building, which was held at 100000 lhiS
property was purchased last May by the
sellers from the Realty Holding Company
with a building loan. The Realty H"iolhS
COMPANY purchased the same few mohths
before from Henry de Forest Weekes ana
Arthur y. Weekes The building IS com
retely rented and carries a permanent
mortgage Of $4,000, held by the Hlesler
estate The purchaser buys for investment.
MORE BUSINESS FOR 57TH STREET
Frank D. WELLER leased yesterday Nos
10 and Il West 57th street TO Henri Bendel'
milliner, for a period of twenty years. TWO
private houses are on the plot which meas
ures 47xloO feet. This is to he improved
Immediately with seven story mercantile
building The lessee is now al No. o9D Flfth
avenue. near 42d street
The pronerty was leased from the preicer
Realty Company. Henry Otis Chapman has
been commissioned to draw up plans anc
prepare sketches for a structure especially
designed for the tenants business, Whlcf
will be ready by the fall.
The late Mayor Strong occupied NO J.
during his term of office. The property
was acquired by Mr.. Dreicer last Septem
her from Charles Sooysmith for about SiOo
900 Three doors to the east. at the corner
Of Fifth avenue, stands the home of Harry
Payne Whitney. and about the middle o
the block is the former home Of Oliver II
Hartman. which has been occupied by
drcssmaking establishment for more thar
a year.
The proposed building for the Dreicel
plot will be the third erected on this stree
adjacent TO Fifth avenue. The forme1
house of William r. Wilcox. chairman o.
| the Public Service Commission. at No j.
East 57th street is to he improved by {
dressmaking firm.
Pease & Gilman have sold for the Clarl
| estate the fine dwelling house No. is Wes
| 74th street, a FIVE story American basemen
| structure. on a plot 25x1Oo feet, to a. +
| Andrews.
! Warren & Skllin and R. II. Weisker, jr.
! have sold to an investor the six stor!
! storage and loft building No, $50 Bleecke
| street, on a plot 2Sx73 feet, This propert'
/ is 5S feet south Of Barrow street and is il
the direct line of the new Seventh avenu
extension and It is the second time it ha'
been sold in the last ten days.