New-York tribune., 1912-03-05

TIE New York Real Estate Security Com
pany has purchased from the Nethul
Realty Company Gerry B. Simons, pres-
denO the six story elevator apartment
house known as the Springfield, at the
northeast corner Of Claremont avenue and
125th street, being known by the street
Nos 176 TO lS2 Claremont avenue and Nos.
609 to GLIB West l25th street, on plot l0)xlOO
feet The same company has also bought
from the Terrace Holding Company the
property known as Nos. J06 and 5O8 Yves:
l35th street. between Broadway and AM
sterdam avenue a six story apartment
house. on plot 45.l0X100 feet.
While the purchase price could not &c
learned, it is understood that the Sp:ing-
field was held at about s275,000 and the 18th
street house at 100000 There was no ele-
ment OF trade in either transaction.
1t will be remembered that the New York
Real Estate Security Company has inquired
prominently in the real estate world In the
last year by acquiring several fine apart
nent houses on Riverside Drive. notably
No 220, at the northeast corner or 9ith
street; Nos. AS and AS. twin twelve sto:Y
buildings at ll6th street, and the southeast
corner of ll9th street and the Drive, be-.
sides No. sc to p East nth street and the
northeast corner Of 162d street apd Fort
Washington avenue.
s. 3. Goodale s: Perry and the ;. Il.
Raphael Company have sold for DR. Ions
4. Seaman TO the Prince George Hotel
Company Charles F. Rogers presidenO
No. IS East 2sth street, five story dwelling
house. on lot 25x9Ss feet, adjoining the hotel
on the east The property has been held at
$4,000. The buyer last October acquired
No. IS, adjoining, and on the combined
plot. 50x9s9 feet, will erect an addition TO
the present hotel structure similar IN
height and architecture. II IS estimated
that the cost of the new building will be
about $500 90. The entire operation. includ-
ing the cost Of the land. involves nearly
s70O.0o0 The Prince George occupies a 90
foot plot on 2sth street at Nos. Y and Il,
and extends through 20 No. 9 10 Is East 9th
street. The frontage on the latter street Is
/ 93 feet
New Upper Broadway Theatre
The theatrical firm of Moss & Brill has
/ obtained a lease on the property at the
northwest corner Of Broadway and l46th
street, with q frontage Of 100 feet in Broad
/ way and 225 feet in the street, with an ex-
tension TO l47th street through John l.
/ Parish. The property is owned by Mrs. 4.
H Alker. 10 whom IL was transferred IN
! 1900 by A. J. Dittenhoefer, executor OF tho
/ estate Of Sheridan Shook. the theatrical
/ manager, for a consideration OF $4,000. The
! lease is for twenty-one years, with three
renewals, and is made on the basis Of a
/ ground valuation OF about s300.0O. \ thea
| ire Of the first class is 10 be erected by the
| lessees. having seating capacity OF Zooo'
I together with roof garden which will ac-
| commodate 800 persons.
The Broadway frontage will be improved
with a building approximately 75Xloo feet
which will contain assembly halls, stores
Offices and a large basement which viii De
! occupied by a rathskeller.
/ The architectural design Of the buildings
! will follow classic lines, style peculiarly
/ effective in low buildings Of sen!-puohc
/ character. The interior decorative scneIne
will be carried out in harmonizing designs
The roof garden will have an attractive
promenade, comfortable seats, a fountain
( and other attractions. which, II is believed
will be a revelation TO the people OF wash
4
/ The lessees were the promoters OF the
Washington Theatre, at Amsterdam ave-
/ nue. and l4sth street, and are still largely
interested in II. They are also the ouilders
and owners OF the Eighty-sixth Street The
atre, in seth street near Third avenue
Excavation preparatory 20 construction
will begin this morning.
The Charles F. Noyes Company has 500
70 an investor for Arthur P. Browning NO.
eos Front street, a store and loft building
covering a plot Of about l45o square rect
located between Beekman and Fulton
streets and opposite the present hsh mar
ket. The same brokers recently leased the
property TO John Applegate & Co. for a
! long term Of years on a net rental OASIS.
Mr.. Browning has held the property Tor
less than one month. Several sales ana re-
sales have recently been reported IN THIS
neighborhood. The possible abandonment
/ of the Fulton Market, with the result thai
the tenants located on the city property
will need other premises in the section is
attributed as a cause leading 10 some OF
/ the recent activity.
/ Plans were filed yesterday for an eighteen
! story loft building to be erected on Tlot
5ox9S9 feet at No 10 TO l6 West 9th street
adjoining the southwest corner OF Broad
way. Charles Karge is the owner. The
architects, Buchanan & Fox, estimate the
cost at $35O.0OO.