New-York tribune., 1912-03-03

These operations fully answer the quts-
tion How about the downtown Office situas1
| tionc" Conditions there are favorable for |
successfully carrying out all these under. 4
| takings.
| Even II Mr.. Dowlng's, syndicate was the I.
J only one with plans for building in the
district, that single plan would be consf
sidered by the majority OF persons identified I
with the realty market as indicating that +.
| there was more room for more moderns
office structures.
Mr.. Dowlfng Is the foremost realty opera
ator in this city That Is not the opinion
of an individual. but the consensus Off
opinion in realty circles.
Trading in Zone.
The whole downtown district gave good
account OF its strength last week. Buyers 4
were found for the loft buildings No.
| 10 IL Water street. for the William T. Car ,
ner estate holdings at the southeast corner !
of Hudson and Worth streets. with an i 4
20 No. 81 Thomas street. and the two story !
house Ne. 5O7 Hudson street.
william NJ. Halsted bought the Water (
street premises which have frontage OF l
SAG feet and a depth OF II feet. through
the Charles f. Noyes Company from
Albert II. Frankel and Morris Cooper.
Mr.. Hslsted controls, under a Ions term
leasehod. the Centennial Building. occupy
ing the block front in Broad street from
Water to Front street, and. with the pur-
chase OF No. to IL Water street controls
practically the entire block.
II Is said that negotiations are pending
for a resale OF Nos. end Water street, |
for occupancy. and II ia stated that under
certain restrictive conditions Mr.. Halsted /
| would resell this part OF the plot just /
acquired.
The Noyes Company has been active In
this particular section recently. and some
weeks ago reported that IL had sold for
Frederick p. Forster Nos. 102 and l04 Broad
street and Nos. a and 90 Pearl street TO .
| large corporation, which acquired the ball
| ance OF the block 'front.' Nos. l06 and l03 /
Broad street, and No. l6 Water street, q
total plot Of 1l.OOO square feet. which at
some later date is to be covered with
| high Office building.
Gets Estate Plot.
William A. White & Sons sold the Garner &
| estate holdings at Hudson and Worth
| streets, to a new syndicate with a capital
OF $4,000. The property has frontage OF
| 1862 feet In Hudson street. 20i6 feet in
Worth street and % feet In Thomas street.
The same brokers last summer leased
this property TO r. G. Williams & Co.. who
now occupy the entire Hudson street block
| front.
| Hudson street at this point is rapidly be-
| ing improved with high class business
| buildings. and this property is between the
new ten story Franklin-H Hudson Building.
at Franklin and Hudson streets and the
new twelve story building at Hudson and
Duane streets, built by Som Brothers and
leased to Morse & Rogers for long term
OF years.
There was considerable activity last week
in the midtown loft zones and in the cen-
trail Fifth avenue shopping district
| The four story brownstone dwelling house
on a LOT Is 7x95 feet at the northeast corner
OF 40th street and Fifth avenue, formerly
the Furniss home and more recently owned
by the Knoedler art firm, changed hands.
| II is now owned by George L. Slawson and
Frederick G. Hobbs. Taylor Brothers and
Paul D. SAKE were the brokers In the
transaction.
Prior to 1907 the house was owned by the
Bixby estate. and had long been the home !
| Of the Misses Furniss. In that year the [;
Knoedlers, in order to have a Fifth avenue
site. when their lease on the northeast
corner of Fifth avenue and 34th street exc
pired, bought the property from the Bixby
executors for S0o0oo When II came time
| for the Knoedlers TO move, however many
OF the prominent art concerns had mi-
grated north of AID street. so they bought
the old Lotos Club site, near 18th street,
paying about $4,000 for H. This they sold
| about a year ago to Daniel A. Loring for
| $500 900. taking back ground lease at s45,s
900 year net. The new Knoedler Callers
| les have since been erected on the Site
After deciding to go north Of 42d street, the
Knoedlers placed the 10th street corner on
the market. On the 1911 tax lists II was ass
sessed at As5 900, OF which total $3.50 rep-
resented the land value.
! The five story dwelling house. No. West /
5sth street was leased last week by George
Neiman for Mrs. Ellen Coin Rionda To
Charles Duveen. importer Of antiques.
Other important midtown transactions In
| the week was the leasing by James N.
Wells's Sons for Katharine T. Moore to the
| Allerton Realty Company Of the plot, ok
100 feet at the southwest corner Of 22d
street and Eighth avenue; the purchase by
Marcus Loew Of the four story building
at 3Oth street and Sixth avenue, adjoining
the Greeley Square Theatre, and the pur-
chase by the st. Johns Park Realty Com
pany of the three story dwelling house No.
25s West 18th street, through E. II. Ludlow
& Co.
| The nth street plot, together with an sd-
| Joining site, will be improved In the near
future with a mercantile building.