New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-05

the Charles F. Noyes Company. from Al
bert IL Frankel and Morris Cooper.
Mr.. Halsted controls. under a lons-term
leasehold. the Centennial Building, occu-
pying the block front in Broad street from
Water TO Front street, and with the pur-
chase OF No 7 &c IL Water street controls
practically tho entire block
The Noyes company recently sold for
Frederick y. Forster Nos lo2 and lG Broad
| street and Nos a and IS Pearl street to
q largo corporation. which acquired the re-
mainder OF the block front Nos. los and los
Broad street and No. Is Water street
total plot OF 100 square feet. which at
| some later date Is to be covered with
| high Office building
| Brody, Adler Koch also recently bought
the old buildings No 81 New street and
| Nos 2 and IS Beaver street from the New
and Beaver Street Corporation, Of which
George Resented is president. The site.
which has a frontage OF 60 feet In New
street. 4s5 feet in Beaver street and with
an east line OF 3lO feet and an irregular
! rear line. will be improved by the buyer
! with q sixteen story office structure
Opposite the property is the Produce tx
change.
Among other downtown properties recent
! Is sold were Nos q and - Murray street,
| the southeast corner OF Washington street:
! Nos Isl ana 49, Pearl street. adjoining che
premises At IN. southeast corner or city
Hall Place and Pearl street. So. u, 10 ic6
Pearl street. 40. to l. old Slip and 40.
~ Water street besides Nos $. and 81 Park
Place and 40. rs Greenwich street, being
two four story business buildings at the
I a o.
section oil Park Place ana Greenwich street.
The upper Pcan street site faces the new
civic centre IN the heart OF which is to be
the proposed courthouse. II was bought hy
the Rudolph Walldch Company. when
therefore has one Of the test speculative
properties IN this old part OF the downtown
district. where many millions for construc-
ton work viii be spent within few years.
Civic Centre a Factor.
The proposed civic centre just north Of
the new Municipal Building has been big
factor in broadening the market FOR down
town properties.
New owners were lately found for the
following West Side apartment houses:
The Illiers. Nos. 227 and 229 West i4lst
street.
The Harriet. No. GI7 Wert l43d street.
The Hudson outlook, at the southeast cor
ner or lsOth street and Pinehurst avenue.
Grant Court, at the northwest corner or |
18th street and Amsterdam avenue.
The Chancellor. No. 12O West 1Slst street |
The Alta Crest at the northeast corner
OF l5sth street and Broadway.
The Elmwood. at the northeast corner OF
93d street and Columbus avenue.
Of 53d street and Broadway.
The sale OF the five story apartment house |
No. PA West 10lst street. OF the six story !
elevator apartment house at the northwest |
corner OF 18th street and Amsterdam ave
nue and some other Al investment proper
ties Of this class was also lately reported.
The Chancellor was given In part pay |
ment for the block front on the west side |
OF Macombs Place, between 1881 and l54th |
streets The Alta Crest was bought by the |
Hoguet estate which gave in part pay |
ment the four story dwelling house No. 81 |
West 18th street, on lot 25x92 feet. be-
tween Fifth and Sixth avenues.
Attention OF investors and Spectators
was lately directed to the central Broad |
way drygoods district by the sale OF the |
Hotel Marlborough. at the northwest cor !
Leopold We'll and Adolph Mayer TO the Cross |
Town Realty Company. controlled by Sam !
ue Snellcnbcrg. :. NJ. Bloch and Harry NJ |
Nathanson, of Philadelphia The buyer of !
the fee to the premises also took over a !
lease which will expire in thirty-seven |
years and which was held by tho Sweeney
Tierney Hotel Company
The entire plot will eventually be occu- !
pied by the Philadelphia drygoods firm of
Snellenberg g. Co, which for several years
has been considering a plan for opening a
store here
II may be ten years before the firm re-
places the famous Broadway landmark |
with an eight or ten story store structure. |
because It's present plans for altering the
building provide for stores on the Broad |
way side, q new entrance for the hotel In |
ssth street and some improvements to the
hosiery. The store. 1t Ii said, will be
leased for ten years.
This transaction wildly recalled some
recent views Of experts as to the future |
building characteristics OF this part of
Broadway They have loudly said that |
every block front In Broadway from 18Th |
to cd street excepting, Of course. those
wholly or partly improved with modern |