New-York tribune., 1912-01-31

The rising values of property in Madison
avenue was again plainly in evidence yes
terday by the sale of the four story, hish
stoop, brownstone structure at No. il6, on
a plot "a 5x95 feet. In the last three years
this structure has changed ownership three
times, and in each transaction Pease 4 Ell
liman have been the brokers.
Last February II was sold by John Slay-
back for $4,000 who. in turn, a short time
after disposed of it to Mrs. c. Weatherley
for $4,000 1t was purchased yesterday py
a client of Pease & Gilman for a price
said to be $4,000. The property is 81 feet
from the north corner of 4Sth street, which
was purchased not long ago by I. J. Fliht
and is now undergoing extensive repairs
for business purposes. The new owner OF
No. 4l6 Madison avenue is to lease the par
eel, which is also To be altered.
Another interesting sale by Pease & Eli
man of loft building in Path street, for
which Chicago property is taken In part
payment, is told elsewhere.
The sale of property in the zone OF the
new courthouse site played a prominent
part in the real estate market yesterday.
The newly formed Excelsior Estates Com
pany has purchased the two eight story
business buildings occupying the entire
block front on the west side or centre
street, between White and Walker streets
and recently completed and owned by the
Abingdon Construction Company.
The new owners will hold the property
for investment The buildings occupy
frontage Of 237S feet in Centre street. 54.6
feet in White street and 7O.3 feet in Walker
street The buildings are known as No. 1873
to li9 Centre street, and are hut one block
west of the new civic centre.
The site was originally owned by the
city. which acquired it. along with other
property, in order to facilitate the building
of the subway. This unused realty was
offered at auction by the city couple OF
years ago. and the block just sold was pur=
chased by the Centre-White Company,
which subsequently rcsold it to the Abing-
ton Construction Company. The buildings
are OF high class construction, and are
from plans by Schwartz IL Gross The
structure on the Walker street corner Is
leased to the Department of Health. The
property is right at the Walker street sta
tion Of the subway.
The Douglas Robinson Charles S. Brown
Company. in conjunction with the Charles
F. Noyes Company, sold for the estate Of
Peter Lorilard No. ll3 Worth street, eN-
tending TO Catherine Lane, five story
basement and sub-Ccllar building, covering
a lot 25x93 feet The building IS leased TO
f H. Hamilton & 90. until MAY !, 1913.
The property Is assessed on the tax looks
at S63 900 and has been held al 5000 The
property has considerable intrinsic value
1,
occupying the block front on Lafayette
street from Worth street to the lane. The
property IS opposite the New York Life
Insurance Company's building, extending
from Broadway 10 Lafayette street. The
purchaser is a client Of the Charles f.
Noyes Company.
Another fine home disposed of yesterday
was that at No. II West 6Sth street. which
was sold ~ B. Davis for William d. Bald
win. president Of the Otis Elevator Com
pany, 10 Bing & Bing The house has been
held al 100000. While the dwelling itself is
only about twenty-five feet wide, Il stands
on plot with frontage of hfty-hve feet,
adjoining the Second Church Of Christ,
Scientist, on the Central Park West corner.
thus enjoying fine side light. Mr. Baldwin
although recently he has lived In one cf
the Navarro apartments In 5Sth street
near Seventh avenue. II IS understood that
Bing & Bing will resell the property. prob
ably 20 a builder. May Irwin owns the
adjoining house. No. Is West Gsth street
Two interesting sales We're among The
Bronx transactions. Smith & Phillips 'old
the vacant plot, l00xl1o feet, at the south
west corner of lSOth street and Southern
boulevard: also the adjoining plot, .4Xli9
feet, on the south side Of Southern Boulc-
ward 100 feet south OF lS0th street. 10 tho
Moorehead Realty and Construction Com
pany. which will erect four I'VE story apart
ment houses, with stores.
A transaction has just been consummated
by Richard II. Scobie for ono OF the Choic-
est plots along the Grand Boulevard aud
Concourse 1t affects the block front facing
the Hene monument on the east side Of
the Concourse. between i6lst street and
l62d street. at the lower end Of the h!g
driveway The plot contains approximately
twenty-four lots aud has frontagcs Of 23j
feet I'm the Concourse, 2ii feet I'm 'Glst
street and about 26 feet In l6cd street. The
sale was made by Mr. Scobic for Elizabeth
and Nellie McCanfcrty. Frank G. Buckhput
and Mary S. Mcdonnell The broker would
not disclose the identity Of the buyer or
what disposition was TO be made Of the
property The McCafferty family has
owned the land for about forty years.
N