New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-19
Company Gets Building at
AID Street and Arranges
Lease to Old Owners.
CAMBRIA, IN 55TH ST.,
IN $1,OOO,OOO TRADE
Bing & Bing Buy Dwellings In
West 18th Street for Site of
Apartment House.

The Oceanic Investing Company. COM
posed Of Albert G.. Milbank. Albert u.
Thorne and George l.. Nicholas, has pur-
chased from Edwin Wolf. of Philadelphia,
and others the seven story building at
the southeast corner OF Fifth avenue and
i2d street II is one Of the most valuable
and prominent corners I'm Manhattan and
has been held at S2.500oo0. 1t has
frontage OF 1874 feet on Fifth avenue, ex-
tending back along 42d street 100 feet, to
within % feet of the new structure to
be erected by Rogers. Peet Company
which will have its main frontage on
Fifth avenue and lst street with an IT,
on 42d street The sale was negotiated
by Felix Isman. Inc.
The Oceanic Company has arranged TO
lease the property back to syndicate.
composed OF certain former owners, on
a net basis. for period OF fifteen years.
This is the second important purchase
on that block made by tho Oceanic COM
pany within a few days. on Monday last
the company bought from Frank V. q
J. II. Burton. through Horace s. Ely 4
Co, the southerly end of the front, being
the SIX story building at the northeast
corner Of Fifth avenue and 4lst street.
o2xl0O feet, which was leased To Rogers
Peet Company, 10 be Incorporated In its
new store site.
The new Rogers. Peet store, which VIII
probably be ten stories high, Will have a
frontage OF 70 feet on Fifth avenue, 100
feet I'm 4lst street and a feet in Nd street,
comprising a total area OF about I'VV
square feet II vii be separated on the
avenue from the latest purchase Of the
Oceanic company by the seven story
buildjng AT No. 46 10 49l Fifth avenue.
81 feet front. held under lease by the
New York Real Estate Security COM
pany.
The corner sold yesterday is assessed at
81. 475coO.
The 7 Ronaine Brown Company sold
for the Brentmore Realty Company Ding
&. Birso the Cambria an eight story fire
proof apartment house at No Si7 TO 800
West 55th street on plot loOxlOb feet 70
Leo II. Hlrsch. client OF Brandler d.
Haas. attorneys
In part payment Bing & Bing take the
northeast corner OF Madison avenue ana
I2Sth street a six story apartment house
with stores. on plot 5ox72.e feet. and Nos.
400 and 3Ol East l0sth street SIX story
tenement house. S9Sxl25 feet NO. IS
gnring street, Ave story loft building
near Broadway. on lot 3InS feet ana
No. 123 Prince street, six story Io"
building. on lot e5x95 feet. The ransac-
ton involves s., COO, 900. The Cambria was
held at $4,000.
Bling g. Bing bought from Amelia q.
Hartman, Herbert VI. McClintock ana
Ermlne NJ. Carruthers the three three ana
four story houses at No. 1876 10 1873 west
18TH street, occupying a plot 62IlC22 feet
William 2. Mangam was the broker Inc
nroperty. which is situated at the crest
Of the hill between the two avenues. VIII
be improved in the near future with
high class twelve story apartment house
Samuel Yacht has sold TO +. {. bau-
man No. 1925 20 1880 First avenue. three
four story tenements, on plot onsi rect
at the northeast corner Of t6th street
The seller acquired the property at auc-
ton last year.
Kurz & Uren have sold for the Ellison
Realty Company a plot, 2l7XS feet at
the northwest corner Of Park avenue anu
18th street.