New-York tribune., 1912-08-11
CITY BUYERS IN FAMILIAR PLACES
They Bought Last Week Some We'll Located petS IN wan
battan and The Bronx for Improvement in Near Future.
wnI ST SECTION TO HAVE ANOTHER SKYSCRAPER.

A., that Of the new station, planned by the
same architects.
An unusual and attractive feature of
the structure will be the underground
stores which will open oil 10 the subway
platform as we'll as on the underground
street which VIII run under Vanderbilt
avenue. This underground street Will
connect directly with the trains running
into the greater Grand Central Station
as well as with the western express
trains which win run under the proposed
5000 600 Biltmore Hotel, 10 be erected on
the block bounded by 43d and +th streets
Vanderbilt and Madison avenues, directly
opposite the northerly end Of the new
building
There will also he subway entrances in
the building.
Among the items OF news from the
Fifth avenue retail shopping section were
two big leases and one sale.
The United States Mortgage and Trust
Company. as trustee for the Matthew
Ryrnes estate. renewed for long term
of years the lease of the Lorraine Hotel
southeast corner OF Fifth avenue and 4oth
street. TO George c. Howe and George
Or,,is. The lessees have managed the
hotel for ten years Joseph i. Day ne
gotiated the renewal OF the lease.
/ II was also reported that four stories
are 10 be added to the building No 5S'
Fifth avenue. adjoining the Lorraine
Hotel. which was slightly damaged by
recent fire. That property is owned
| by the Hoffman estate. -----.-.---.-
Mark Rafalsky & Co leased the store
and basement in the building AT NO. 4Sl
! Fifth avenue for a long term OF years TO
| Dempsey & Carroll. who are now in west
29d street The lease marks the removal
of another OF 2Sd streets important re-
| tailers up TO the Fifth avenue district
! The aggregate rental for the term IL
$4,000.
| The property in this district sold Is No.
| 20 West 30th street, seven story busi-
| ness building, on a plot 27xsS.s feet, be-
| tween Fifth avenue and Broadway j.
! Romaine Brown & Co. disposed OF IT for
l. S. & A NJ. Bing, an estate at Gar
| risons. n. Y, being taken in part pay
4 ment. The country property comprises
| thirtyfve acres. on which are house
garage and outbuildings.
Messrs. Bing got the Goth street building
| last year I'm trade for the Rosmond
! Court apartment house at No. 424 TO 4SO
/: West 1l9th street
The Equitable Life Assurance Society
| figured in the upper Fifth avenue trans
! action. Ii sold the plot OF ten lots. 2oOX
1O0T feet. on the southerly side of lo2d
street 100 feet east Of the avenue, to the
New York Transportation Company a
subsidiary OF the New York Railways
Company, which operates the Fifth ave-
nue. omnibuses and other kindred lines
The property is near some OF Fifth ave-
nues costly homes.
The purchasing company Will build on
the site a 100000 garage, service build
ing and repair shops This structure VIII
take the place of the garage in SSth street
between Park avenue and Madison ave-
nue.. used by the company.
There was a fair volume OF trading In
the new loft zones.
" A. Berwin & Co. sold TO Jacob Nea-
die for Samuel J. Clark. as executor. Nos.
116 and lls East 9th street. two three
story houses, on plOl 1l'oA'oo ie0'' OH" i''
the estate Of John J. Frech No 10 East
9th street. four story house. on lot 20X
ss9 feet, making a plot 6s.SxSS.e feet. 20
feet east Of the Fourth Avenue Building.
al the southwest corner Of 9th street and
Fourth avenue
This was the first sale OF the parcels In
more than fifty years
NJ. & L. Hess and De Selding Brothers
sold for William II. Yale No &2 West
4Oth street, a lot 2SxsS.9 feet, TO Sumner
/. Gerard Mr.. Gerard some time ago pur-
chased through NJ. & J.. Hess Nos. 22s.
22s and 2S0 West 4oth street. Title TO this.