New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-03-27

George r Read & Co. resold Yesterday
the former home Of the late T.. r. Hoyt, Al
the northwest corner Of Fifth avenue ana
36tb street TO the Meford Realty Company
Of which Alexander Kahn is president, for
e. Grayson Martin for about S1,Ooo,Ooo.
Tho sellers recently acquired the property
which consists of five story house. on
lot GfX1t5.7 feet, from Mrs LOUIS J. HOY"
who held life interest in the property Tor
1926, 600. which made tine highest price per
front foot ever paid for Fifth avenue r"a'
estate.
Douglas Gilman & 60. sold for Mrs Leo
poId Schneider No. 9oS Madison avenue.
at the southwest corner Of 7lth street
four story high stoop house, on plot 80
feet on the avenue and IS feet in the street
The property has been occupied by the sell
er for more than twenty years. ana has
been purchased by an investor, who VIII
probably alter the premises into apart
ments. This is the fourth sale Of Madison
avenue corner property above seth street
within the last SIX weeks. The amount
given for the parcel was 100000.
The new Mcclure Building, at tho north
east corner Of Fourth avenue and GOTH
east corner Of Broadway and 8lst street
figured in a trade involving about $500
600 The upper Broadway corner, measur-
| ing 1922 feet on Broadway and li'l feet
| in S1st street. has been sold by Klein q
| jackson through Earle & Calhoun 10
| Charles Brogan. The transaction also IN
cludes the adjoining FIVE story hathouse ~
| No. 2lS West Slst street, on plot "'.'N
| 1922 feet In exchange Klein & Jackson
take from Charles BroGau the sixteen story
| Mcclure Building, on - plot 69N9o feet
| The Broadway corner, it. Is said. VIII he
improved ny MIR Brocan with t"eN"
story apartment house. The property "
| part Of a large purchase made by Klein d
Jackson last May covering the vacant plot
! on the Broadway corner and the aHJo'nhE
FIVE story fathouse. No 2o3 n III west
| S1st street. The property was ACQUIRED
| from the Bailey estate TIL" three I'VE
story fathouses were sold last S"ptomher
10 the Samuel Rarkin Construction COM
psrv. so that the present transaction COM
pletes the resale Of the entire property.
| The Fourth avenue building was erected
| two wears ago by Mr.. BroGsn. and, accord
ing 70 the estimate filed with the plans rs
cost was placed at $4,000 considerable
space IN the structure Is under lease TO the
| Mcclure publications
Mark Rafalsky & Co. have sold Tor
Georgiana NJ Ward Amidon the entire
block front on the north side n SD street
from Broadway 10 West End avenue on
the Broadway end Of the plot, 7o'N1@3.'
feet. is the Amidon apartment house
seven story structure. The West End ave
lnue corner. S1.1Ox125 feet, Is vacant ne
whole property has an area of over l6'po'
SQUARE feet. with frontages Of 20 fe"t on
Broadway so feet on West End avenue ana
1904 feet I'm SD street II has been held
at S675.O0O The buyers, Harris ara
Maurice Mandelbaum have also bought the
adjoining house No. 490 West End avenue
15.4x1OO feet.
Nessrs Mandelbaum have already ar
ranged, through Mark Rafalsky & Co. 70
resell the West End avenue end OF the
property. together with the adjoining dwell
ling house-in all plot of 97.1lNl25 teet-to
Leopold Kahn and others. who Will erect a
twelve story apartment house on the site.
The price In the resale is reported to have
been about $4,000 At the adjoining south
east corner of West End avenue and &th
street CnHTleS Il. hthdlluo 10 INV ''''
pleting a twelve story apartment structure.
The Amidon, on the Broadway and sd
street corner, which now has rent roll Of
about $4,000, will be held by the Messrs.
Mandebaum for the present. They intend
10 make extensive alterations. including the
installation of stores along the Broadway
front These properties have been held In
the family Of the present seller for over
ninety years. Mrs. Amidon has in her pos
session one OF the early tax bills on the
property for 81 %, and showing rebate OF
five cents for prompt payment.
Plans have been filed for the construction
Of twelve story mercantile building on
the southwest corner Of Madison avenue
and 3Oth street for Lee Holstein, owner. II
will have a frontage Of AZ feet in the ave-
nue. by 95 feet in the street, with FACADE
OF brick, limestone and terra Gotta. and viii
be fireproof. William II. Brkmire, archi-
tect has estimated the cost at 10000