New-York tribune., 1912-08-11

some we'll located sites III -.
and The Brorlx were bought or lea'eu
week for Improvement in the near - -,
with large buildings. These p''I'i'"'e,. pDo'',,.
and rentals formed one of the ""''"9
features Of the trading
In the heart Of the Wall Street dis'rlc'
= nlot nm which is TO be erected by the
b,iver n twenty story Office slr'lo
obe,eed hands. In the upper Fifth ave
we section a plot Of ten lots VAS dc-
ouired for building purposes anu u"
washington Heights a plot oil iour 'V''
for similar use.
As regards the number of sales ,ue
sreat West Side north of 42d street ieu
s,i other sections. Most OF It's ope'".
,Ions Of the speculative or investment
TYNE we're high class, too
It's important transactions included ".
sides the Washington Heights pio'' VI.
ssd street one S4th street one wa s"'''
cd one 11Sth street dwelling house aS
, ,,'au ae similar houses in Hamilton Ter
? ace and i'm several other attractive ieSi-
dental streets
Moreover. a fiathouse in upper hlgh'n
venue with a frontage of fifty feet; TWO
! Asthouses a short distance south 'ol 20
| umbus Circle, an apartment houSe o,s
I ,,orthu,es, corner of 129th street and Oiu
! Rroadway. and the Bunerhasset ep'' =
nsnt house, in 1l1th street. were so'u'
The West SD street house j. No. %
! and was bought by the HennessE Con-
! struction Company, of which Joseph fo'-
stain is president, from Mrs Madeline
petts. George Ranger was the proNer !"
the sale. .. ,ost
The Hepnessy Company bought last
...ontb the PREMISES No. Il TO 10. aoJolh-
Eirs ON the combined parcels. which form
. n,ot sxloo feet, a nine story elevator
.nsrtuent house will be built. The mouse
will cost about S4SOV".
. To the holdings Of the New YORK heai
Estate Security Company, Whlch COM
! nri.e high grade apartment and business
properties with valuation approNlina'ihs
! $4,000 900, there was added the bluhe' :
f. basset. a six story elevator apartment
house covering a plot 62Sx1oo feet, al Nos
5o7 boe and 81 West n1th street
The property is $50 feet west of Amster-
dam avenue and was held at slOO'VVO' II
WAS purchased from Paul Worms through
the McVickar- -Gaillard Realty Company
One of the most important TRANSACTIONS
Of the week was the purchase by the NO
20 Broad Street Company, organized IL is
said by interests of the Degnon Con
tracing Company, and the Tube Realty
and Terminal Company of the premises
No. 4S TO 50 Broad street. extending
through TO No. as to so New street.
ton 10 the new skyscraper area but
notable one.
On the site. which will be improved with
q twenty story office building, are ole
four and six story buildings with front
age of S0.4 feet in Broad street and o.
feet in New street, with depth of ltz'4S
irregular.
The amount involved will be about So
10000.
NJ L. Hess, Leopold We'll and Will
lam A. White G. Sons were the brokers III
the transaction.
The seller Of the properties was th'
Empire Realty Corporation, which pur'
chased them about two years ago In
trade for a tall loft structure in Uni
versity Place a transaction also handed
by the same brokers
The NEGOTIATIONS for the leasing of q
plot at the northwest corner Of 42d stree
and Vanderbilt avenue, and extending tC
4Sd street. on which six story store anc
Office building will be erected, were sue
cessfully concluded by the United Cigar
stores Company. The lease is for twenty
one years, with two renewals The tota
sum of the rental is about sSee,oIo Th'
building will cost about 100000.
Plans are being prepared by Warren &
wetmore The building will be OF lime
stone Its design will be in keeping Will