New-York tribune., 1912-02-21

A large number OF sales were reported IN
the real estate market yesterday. Se'erdi
interesting transactions concerned proper
ties on the East and West sides.
The Charles F. Noyes Company sold 70
an investor the twelve story building al No
Sl8 to 224 East 32d street, covering plot
s3xlOO feet. The building is modern nre-
proof structure. AS part Of the transac-
,ion the Noyes company negotiated lease
of the entire building to Frankel Brothers
wholesale clothing manufacturers, for a
period of twenty-one years. on net rental
basis. The rental. including taxes and the
rn,rchase price of the property. represents
a S1.500.O0O transaction.
The Hotel st. Andrew, at the northwest
corner Of Broadway and I'D street, was
sold for the third time within little more
than a year. It was purchased yesterday
by u. Schinasi, who has acquired the prop
erty from c. II. Davis, the proprietor Of the
hotel. No change will result from the
transaction, so far as the operation Of the
hotel is concerned. Mr.. Davis having ar
ranged to take back a long lease Of twenty
one years on q net rental basis.
It was in January Of last year that Klein
g. Jackson bought the St Andrew from the
Robertson estate, which had been holding
the property at 81 1,250.OO0. c. II. Davis, who
had long been the proprietor of the hotel,
rather than run the risk Of being disturbed
as a result Of the change in ownership
stepped in and paid Klein & Jackson q
large profit for their contract.
The st. Andrew is an eight story struct-
ure, on a plot fronting LOG feet on Broad
a. -. ~ g., -, n,
man Square.
The transaction was negotiated by Good
win & Goodwin and involves $2,5O00OO.
The latest purchase by the New York
Real Estate Security Company is the York
town Court Apartments, a six story ele-
vator structure at the northeast corner OF
Fort Washington avenue and 1921 street
on a plot 99x1e4.10 feet The property was
sold by the Saxonian Construction Com
pany. In part payment the New York Real
Estate Security Company gives the block
front on the south side Of 1S6th street. be-
tween wadsworth and ST. Nicholas ave-
nues, with frontage Of 500 feet in 1S6th
street. 1852 feet on Wadsworth and 1872
feet on St Nicholas avenue. The New
York Real Estate Security Company re-
Gently bought the Irving Arms Apartments,
1T Riverside Drive and oath street. The
company's other holdings included the No
~ Broadway building. the Stadium View,
the Shore View and Concord Hall, apart
ments on Riverside Drive and a group of
apartments at No. 6S to 70 East 18th
street
Two fine dwelling houses in the Lenox
Hill section were among the sales. The
Douglas Robinson, Charles s. Brown Com
pany sold for Simon Uhlmann No "a East
74th street. a four story and basement
house on lot 20x80 feet The property is
about rs feet east of Madison avenue, and
will be occupied by the purchaser, whose
name was not divulged.
Bernard ]. Salomon, leather merchant
sold his home, No IS East $50 street, a
four story and basement house, on lot 1Sx
1922 feet, which was held at $4,000. The
property Is about $50 feet east Of Madison
avenue abutting on the rear the school Of
st. Ignatius Loyola, and was purchased for
occupancy by Charles Murray.
Another big apartment house operation
is shortly TO be started on upper Riverside
Drive. 1t involves the plot 103.10x96.11x
irregular at the northeast corner Of 150th
street, which is to be turned over to the
newly formed Riverside Drive and 150th
Street Company, composed Of A. H. Pincus,
Emanuel Goldberg and Max ". Solomon
who at present hold the property individu-
ally. The company viii erect on the site
an eleven story structure of the most mod
ern type. Plans have already been pre-
pard.