New-York tribune., 1912-02-10

The one story taxpayer at the Southeast
corner Of Lenox avenue and both street
which occupies plot s0x10O feet. has been
sold by Colonel John Jacob Astor.
With the exception of the 10O-foot apart
ment house at the northwest corner OF
Fifth avenue and 129th street, the entire
block bounded by Lenox and Fifth avenues,
10Th and both streets has been owned by
the Astor family for a great many years
The parcel Just sold. however, is the only
holding of John Jacob Astor in the block.
few years ago he put up the building,
which contains nine stores. In the last
week there were rumors that the adjoining
northeast corner Of LenoX avenue and 18th
street. on plot 1O0xlS5 feet, had been sold
by William Waldorf Astor.
Pease &, Eliman have sold the property
at the northwest corner OF Park avenue
and 9Sd street, owned by the Ursuline Con-
vent of ST. Teresa and occupied by that In
stitution until its removal to New Rochelle,
about a year ago. This corner, 6ix1OO feet
has been sold by the convent TO Robert ).
Ninturn. who will erect two fine houses
on the site. one for himself and the other
for his mother. The 93d street corner has
been held at sl75,Ol0 It is directly opposite
George Ehrets mansion and garden ana
has the further advantage In being at the
highest point on Park avenue.
This is the second transaction closed by
Pease & Gilman looking 10 the transfor-
nation of this part of Park avenue into
residential neighborhood. About six months
ago they sold the five dwelling houses at
the northwest corner Of 9lst street to Mrs.
Frederick Bronson. who has since converted
them into two large houses.
The New York Central Railroad has add
cd another dwelling house 10 its plans Tor
the building of loop for suburban trains
In connection with which about twenty
dwelling houses have been purchased from
time 10 time on the edge of the improve
ment at the Madison avenue side OF the
terminal
The latest purchase affects the new five
and a half story American basement dwell
ing house at No. a East 5lst street, about
- feet west Of Park avenue. The house
occupies a lot 15XlO0 feet and was sold by
c. Morton Whitman. OF the drygoods firm
OF Clarence Whitman & Co. for little
more than $4,000. II was held at $4,000. The
house Of Henry Selgman, at No. AZ, adjoin
ing. was also acquired last year by the rail-
road. and It is believed that the present
purchase completes the company's real es-
tate plan for the loop.
The New York Real Estate Security Com
pany has acquired a long term lease OF
the property, Nos 4S7, iS9 and 49l Fifth ave
nue.. known as the Depcw Building. and
No. . East 42d street The property is
owned by the Estate Of Augustine POTTER,
and has for the last twenty years been
under lease to tho POTTER & Stymus Manu-
featuring and Improvement Company. II
contains n seven-story office building.
fronting 81 feet in Fifth avenue. and form
ing an ~" with the fve-story building.
No. East 42d street The lease was me-
gotlated by the McVicar. Gaillard Realty
Company.
The property adjoining on the south.
with an 81" TO 4lst street. IS owned hy
John Hogc. II has an area Of about the
same number Of square feet and extends
10 within g feet Of the 4lst street corner
which is owned by Burton Brothers. The
42d street corner. 73Xloo feet. on whIch
Wolf Brothers Of Philadelphia nave To-
Gently erected a scven-story ONO" buiidlhs'
comprises the balance Of the Fitth avenue
block front In the rear OF these four plots.
and extending from 4lst n i2d street ~
plot Of 100 square feet. owned by J. ;.
NJ. (. Korn. The ownership of over @'"'
square feet. the entire block front h"s IN
five holdings.
Rumors have been in circulation recent
" 10 the effect that one or more OF inc
large department stores, now located De
tween 18th and 23d streets were to locate
In the vicinity Of Fifth avenue ana 4za
street. Three sites have been mcnHoned,
one the block front on the west side OF
Fifth avenue from 3Sth to Goth street an
other a plot extending from +2d TO 4,a
street west of Fifth avenue and a thi,'
tho block front on the west side OF MAUI
son avenue from nst 10 42d street.