New-York tribune., 1912-02-27

The beginning OF tne week WAS H'oi NJ
by the liveliest kind OF activity in the reai
estate market yesterday. large NUMBER
of sales were reported. Chief interest 'l
these centred In the disposal OF fou'
story brownstone dwelling house, .on lCt
267x95 feet. at the northeast corner OF
Fifth avenue and 40th street formerly the
Furniss home and more recently owned oS
the Knoedler art firm. TO A ii. AeKers'
client of the firm of Bowers Sands Inc
property has been held at $lW,Wo ano 'he
price paid is said to be close TO that hguTe'
1t is understood that Mr.. Ackers repre-
sents George l.. Slawson and Frederick IT,
Hobbs. who have acquired the property as
an investment Taylor Brothers and Pau
ID. SAKE were associated as brokers in the
transaction.
Prior TO 1907 the house was owned oy 'he
Bixby estate, and had long been the NOME
Of the Misses Furniss. In that year the
Knoedlers. in order TO have Fifth avenue
site. when their lease OH the northeas'
corner of Fifth avenue and S4th street eX-
pired, bought the property from the blHog
executors for $4,000. When IT came tllhe
for the Knoedlers to move. however many
of the prominent art concerns hdd MI
grated north Of 42d street, so they ooushl
the old Iotos Club site. near 10th street
paying about $4,000 for IT, This they soid
about a year ago to Daniel a. Loring ioI
100000. taking back a ground lease AT
$4,000 a year net. The new Knoedler Gal
leries have since been erected on the Site
After deciding to go north Of 42d street, the
Knoedlers placed the 10th street corner on
fnN
assessed at S4S50Oo, of which total Sh5,Vo
represented the land value.
Mr.. Slawson said yesterday that plans
for an improvement of the Fifth avenue
corner are under consideration but that ne
is not yet in a position to make any den
mite statement concerning the future of The
property.
One of the biggest transactions in recent
years in the wholesale grocery district
has Just been consummated by Willlam a.
! White & Sons 1t involves the large hold
| ings of the William T. Garner estate at the
southeast corner of Hudson and Worth
streets, with an IL" extending through
to No. Il Thomas street A syndicate has
just been organized, with capital OF
! S450O0O, to purchase the property from the
Garner heirs. The property consists OF
seven-story building on the Hudson and
Worth street corner, with 23-foot tour
| story stable adjoining on Hudson street.
| en- the Worth street end there Is one
story building extending to Thomas street
| The property has a frontage of ll62 feet
| in Hudson street, 204.6 feet in Worth street,
| and y feet in Thomas street The entire
property is assessed by the city at S3l6O0.
The same brokers last summer leased
this property to r. G. Williams Co., who
now occupy the entire Hudson street block
front Hudson street at this point is
rapidly being improved with high class
business buildings and this property Is
between the new ten story Franklin
! Hudson Building at Franklin and Hudson
| streets and the new twelve story building
at Hudson and Duane streets, built by
Som Brothers, and leased TO Morse &
Rogers for a long term of years.
James y. Wells's Sons negotiated the
lease for Katharine T. Moore to the Aller-
ton Realty Company of the plot 57xl00 feet
at the southwest corner of Eighth avenue
and 22d street for twenty-one years, with
renewals, recently recorded. The site Is
to be Immediately improved with five
story freproof bachelor apartment house
with stores on first floor. from the plans
by Paul c. Hunter. The structure will
have an elevator, restaurant, billiard and
smoking rooms, etc. The exterior will be
OF tapestry brick. with marble facings, and
designed in colonial effect