New-York tribune., 1912-01-25

Some interesting sales were announced III
the real estate market yesterday. Chlet IN
terest OF these centred in the sale OF large
nlot al the southwest corner Of Seventh ave-
nue. and 5Sth street. now covered by old
one story frame buildings. and the other
the sale of the home of Mrs. Sidney Dillon
Ripley. at No 16 East 10Th street De-
tails Of the disposal of Mrs. Ripley's dwell
ing house. which has been held at 100000,
are given elsewhere.
The Seventh avenue property, which is
owned by the Ralph Marsh estate, covers
plot 1OOx10O5 feet and has been held AT
s450.O 900. 1t was sold through Slawson 4
Hobbs to Franklin Petit who has no inn
mediate plans for the property.
The parcel has been owned by the estate
for more than forty years. on the adJon-
ing northwest corner OF 57th street ana
Seventh avenue stands the Osborne. one oil
the earliest Of the City's high class apart
ment houses. Directly opposite, at the
southeast corner, is Alwyn Court, one or
the newest structures OF this type. and dl-
agonally opposite, covering the easterly
block front on Seventh avenue, between 5Sth
and 59th streets, are the Navarro flats,
which were also among the first examples
of costly apartment construction.
Property in the lower section of the city
figured in the trading. The Charles f.
Noyes Company and William A. White
Sons sold for the Abendroth Manufacturing
Company Nos. 1O9 and III Beeckman street
seven story and basement iron front
building on a plot 3S.4X45 feet. The struct-
ure is equipped with an electric elevator
and has been owned by the selling company
since 1854 It is said that negotiations are
under way for the leasing Of the property.
The estate of Charles +. Hoffman has
sold No. 115 Park Row, a five story build
ing. on lot 1611xS3 feet. The property is
or the east side of Park Row. about 80 feet
north Of Chambers street and diagonally
opposite the new Municipal Building. Last
week there was recorded lease of the
property to the J. NJ Horton Ice Cream
Company for FIVE years from May I. 1911.
at an annual rental OF s1,S5O.
Another addition is to be built to the
Hudson Terminal Buildings on the prop
erty adjoining the building between Fulton
and Dey streets. From Wilbur c. Fisk
vice-president Of the Hudson & Manhattan
Railroad Company, II was learned yester-
day that five story extension would be
built at No. 4S Dey street, running through
TO No. goa Fulton street, fronting 9 feet in
each street. Mr.. Fisk said that the reason
for building this addition was to protect
the westerly light of the large structure.
At present there is in Dey street a low
annex to the big building. The lot at No.
4S Dey street is covered by an old struct-
ure, now being demolished. The Fulton
street plot is vacant. The Hudson company
owns the adjoining property In Dey street,
for which 1t has no immediate plans. The
five story structure is being built so that
in the event Of a sale Of the larger plot on
the west and its improvement with a tall
structure the big Hudson Terminal would
still have good light
Sale of the northeast corner Of Park ave
nue. and 10th street by the estate of f.
Christian Koerner announced last year,
has just been confirmed by the Supreme
Court. This gives Bng & Bing. the buyers.
control of plot fronting 1922 feet on the
avenue and So feet In the street, which they
contemplate improving with a seventeen
story apartment house. which will be the
tallest in the city. The building is TO be
designed for one apartment TO a floor. each
apartment 20 have the latest devices and
| Improvements, cqualing the highest type
| private houses. The sale was negotiated by
Leon s. Altmayer and the Douglas Robin
son, Charles S. Brown Company.