New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-17


yesterday through Herbert a. Sherman
as broker by the sale for the Ralph Marsh
estate to Sumner Gerard of the six lots
at the southeast corner Of Fifth avenue
and s6th street, being 100 feet on the
avenue by $50 feet in the street Mr.
Gerard purchased it with the IDEA or
building private houses on part OF the
property and holding the remainder for
investment The property is assessed on
the tax books at $350,000. No price was
given but the property has been held al
$500, 900, and this sum was declined for
Il by the Marsh estate in 1901, when Mr..
Sherman sold the opposite corner to Henry
Phipps for S35O,OO0, also the twelve lots
at the north corner Of 1929 street and
Fifth avenue and the plot, lOON2OO feet
at the northeast corner Of Fifth avenue
and S7th street, on which he erected ms
fine home.
Mr.. Sherman also sold 1oOXlOo feet IN
eth street TO the late William G. PARK
whose estate now holds it. Miss Brice
recently bought the lot adjoining his prop
erty on Fifth avenue, 25X10O feet, and IL
having plans drawn by ogden Goldman
The architect for q private house for her
own occupancy. Mr. Goldman Is also
building on the north side Of 96th street.
adjoining the Phipps plot, $50 feet east
of Fifth avenue, a 40-foot house Tor his
own occupancy.
Property all around in this district IS
IN strong hands. General Bryce, Ambas-
l. 1gy holder tllS
district. owning the northeast corner OF
Fifth avenue and 95th street, 20 feet on
the avenue by $50 feet in the street. also
the north corner Of 97th street 100 feet
on the avenue by 200 feet in the street
AL Hayman owns the entire front De-
tween cath and 95th streets, with the eN-
ception of the plot which he recently sold
20 Judge Gerard. brother Of Sumner Ger
ard. Judge Pendleton owns two lots on
the south side Of Goth street, 200 feet east
Of Fifth avenue. Both the north and
south sides of seth street are restricted
10 private homes. The Park estate also
owns four lots on the north side Of 95th
street. adjoining General Bryce's property
$50 feet from Fifth avenue.
With the opening Of the Lexington ave
nue. subway, with an express station at
s6th street and a local station at 96th
street. this property VII he less than
twenty minutes from Wall street, and it
is bound to take on new life with the in
tended Improvements.
At the annual election OF the Real Is
tate Board Of Brokers yesterday Albert
B. Asbforth was chosen president j. A.
TreadweH vice-prcsidCnt. Elisha Snithn
secretary and Alfred V. Amy treasurer
The following were elected on Monday as
governors. 10 serve three years: Albert
p Ashforth. L. NJ ID. Mcclure and
Elisha Sniflr. auditing committee, t.
serve one year, William c. Adams, Pierre
NJ Clear and John +. Doyle, jr.; nom-
mating committee for 1913, Thomas T.
Graham. John Il. Hallock, William Z.
Lester, Robert r. Rainey and Francis Il.
Ward The proposal TO change the name
OF the organization by dropping the
words "of brokers" was again defeated.
Among the dwelling houses sold was a
four story structure at No. Jos West 4ilh
street by Bryan /. Kennedy for w. H.
Kean to the Kompesula Realty Company
of which John Dunston is president 1t Is
2 q ma lot l6.4xlOO5 feet, west Of sixth ave-
nue.. The buying comDany owns the al
.oiping house at No. lOi, and now controls
a plot 33.2xlO05 feet. The property NO.
io3 was to have been sold By Mr.. Ken
nelly at auction yesterday.
Other sales reported yesterday follow: