New-York tribune., 1913-11-09
Fifth Avenue Property Given
in Part Payment for Mer-
camille Building-$225,-
900 Dwelling Sold.

In old Greenwich Village the ST Johns
Park Realty Company (James II Cruik-
shank and william n. Kilpatrick) has
sold through Goodale. Perry & Dwight the
new nine story and basement fireproof
mercantile building. occupying the entire
block front. ls5x100 feet, on the west side
of West 4th street between and facing
on West 18th. Ganseyoort and Horatio
streets, and known as the Riker G. Hege-
man Building The sellers have just com
pleted this structure for the Riker
Hegeman Company, which company leased
the building from the plans year ago,
and will occupy II for general ofhces.
laboratories and warehouse. The lease IL
for ten years, with renewal. AT an an
nual net rental OF s37. 900. The property
was held at $4,000.
The purchaser is Elmer 4. Darling. who
gives in part payment to Cruikshank &
Fitzpatrick the property Nos. zoo and 2OS
Fifth avenue. extending through 10 Nos.
1l26 and 1925 Broadway. on a plot COX
123x irregular, and is improved with a
five story mercantile building at No. 200
Fifth avenue, formerly occupied by Black,
Starr & Frost, jewellers. and seven
story bank and Office building al No. POS
Fifth avenue, occupied by and leased 70
the Lincoln Trust Company. The Riker
e. Hegeman Building is one Of the newest
and best types OF modern fireproof con
struction. This condition OF safety is at
taIned by three smokeproof, lameproof
fire towers. and, I'm addition. apart from
an automatic sprinkler system, five ele-
yators and freproof stairway. a spiral
goods chute and gravity elevator, with
platforms seven feet apart both OF which,
while installed primarily for service and
economy, are invaluable as auxiliary
means of escape. The Riker e. Hegeman
Building displaced In part a group of old
dwelling houses which In the palmy days
OF Greenwich Village. formed what was
known and admired as Wistaria Row.
The houses were set well back from the
street and the front gardens were sepa
rated by fences. on which wistaria vines
grew in great profusion and beauty. The
entire transaction by which a modern. low
rent building in old Greenwich Village is
exchanged for Fifth avenue and Broad
way property in the very heart OF the
city involves almost S1,500,000.
Douglas l.. Gilman & Co. have sold for
Joseph Ulman, of Ulman r Co. bankers,
the house at No. 22 East SGD street, a
magnificent Ave story brownstone front.
freproof, American basement house, on a
lot 30x1022 feet. This house was built
several years ago by the we'll known
builders McCafferty & Buckley, and was
purchased by Ulman, who further I'm
proved and handsomely decorated II under
the direction OF c. II. p. Gilbert, the
architect, at a cost of nearly 100000.
The house is one of the finest Of its
size In the neighborhood, and contains
modern improvements including electric
elevators and numerous baths and con-
servatory. The property has been held
at s225,Ooo and is one Of the most ex-
pensive sold In this neighborhood In many
months The buyer is we'll known New
| Yorker, who will take care OF It.
A s4O0. 900 boarding house is contem-
plated by the Young Women's Christian
Association. It is planned to erect the
structure somewhere north of 23d street
on the East Side Mrs. Clarence r. Beebe
is president Miss Sarah c. Wells. secre-
tary. and Miss f. V. P. Moore. treasurer.
Of the association. They are busily en-
Gagged in raising funds for the enterprise.
The Young Women's Christian Associ-
alton is also about ready TO begin the
erection OF a central building at the south
west corner Of Lexington avenue and SD
street. which is estimated 10 cost 100000.
A nine story structure OF the association
occupies the adjoining SD street corner
Thomas a. Howell is the purchaser OF
the two dwelling houses Nos 1873 and 1875
West 4sth street. the sale OF which by
Slawson e. Hobbs for Elizabeth browns
of ST. Johnsbury. Vt, was reported the
latter part Of october. The building at
No l03 Front street. recently reported
sold was given in exchange.
| Mr. Howell owns Nos 12s and 131 West
4sth street, adjoining. as we'll as the
| eleven story Hotel Bristol at Nos 122 and