New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-23
MORE BIG LOFTS FOR MIDTOWN PLOTS
Building Expansion Continues to Add Stronger Lateral Arteries
to the Great Fifth Avenue Shopping zone


The downtown Office and wholesale trade
were we'll represented in the budget of
sales reported last week. So were the
West Side north of 18th street, and that
ever charming cooperative apartm mt
house colony in the central part Of PARK
avenue.
Attention was also directed to Green
witch Village by the sale Of an Hcratio
street plot and the purchase Of Broome
street parcel by James II. Cruikshauk and
William d. Fitzpatrick, and also by the sale
of the premises Nos. sc and S. Gansevoort
street to the Carey Realty Company rs a
site for a mercantile building. The village
would still be about as antique, from a
builders point Of view as it was in the tate
n0s II Messrs Cruikshank and Fitzpatrick
had not set foot there.
They have probably done more for the
rebuilding o. that part of the city into a
stalwart lott area than any other two in
6ivduals There may be others whose
work in this respect has excelled that of
this able firm of operators, but the realty
records do not show IT,
The buying and building operations be-
more important than those in any other
section. This phase OF the local real estate
situation seems TO add more strength 10
the opinion of many experts that whole
sale trade expansion will soon largely re
duce the vacancies in this magnificent
modern shopping and manufacturing BALI
wick.
The midtown transactions included the
sale Of the eight story Office building Nos.
81 and 80 East 9th street. the three four
story buildings No. % TO % West 32d street.
and the four story building No. 9 West
SD street. The Hotel Albany, at the
southeast corner Of 4lst street and Broad
way. was also leased and the three story
building No. 2lS West 42d street changed
hands.
II was an investor who bought the prem
Uses Nos. 81 and SO East 9th street, the
asking price being 100000. This property
forms part OF a block which many of the
most prominent Fourth avenue spectators
would like TO own., On the block just south
IS Madison Square Garden.
According TO a report, a builder Will put
,up a sixteen story mercantile structure on
The plot Nos p and p West 32d street
The Bradkim Realty Company got the
Ipremises No West SGD street through
John L. Parish from Charles E. Rhine
handler That site and the adjoining plot
No will be improved by the concern with
an eighteen story mercantile structure
These two building projects will largely
add to the total value of the group Of
modern structures planned for the Fifth
iavenue retail shopping zone this year.
The three story building No. us West
42d street was bought by Asa @. Gambler,
president Of the Coca Cola Company, in
order to protect the easterly light and air
Of the twepfy-four story structure which
he is building on the adjoining plot, No
22O to 224 The height of the structure TO be
erected at No 2ls will be five stories. It's
architecture will be similar to that Of the
main building.
? The new lessee of the Hotel Albany Is
the Hotels Realty Holding Company OF
which Alfred Lust is president. Its lease is
FOR term Of ten years, the aggregate rental
being s1.250,O0o. Hereafter the hosiery