New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-01
A S1,5OO,0O0 UPTOWN INVESTMENT
Amos E. R. Pnchot Buys Locomobe Companys Plot and Will
Erect Structure on Site for Sellers


Realty trading was enlivened yesterday
by s1.5OOoOO sale and lease made by
Augustus II. WINS.
Mr.. WINS sold for the Locomobile Com
pany Of America the property No. 16 to "a
West 61st street and No. GO West 60th
street, which IL bought over year ago
for Its New York City showrooms and SER
vice station. 10 Amos II. Z. Pinchot. Mr..
Pinchot Will build on the plot a twelve
story structure, which has been leased for
twenty-one years TO the Locomobile COM
pany.
1t Is understood the land sold for $780,
600. The building is estimated to cost
s4Oe. 900. The land, building and rental
represent an investment Of S1,500,000.
The lack of any feature of a trade in
this transaction is considered an ind,ca-
ton Of a better market. The building is
to be an elaborate one. IL is to have
several novel features. 1t will be de-
signed by Walter Haefeli, and the general
contractor will be the Hasco Building
Company. Lorne A. Scott. president.
The attorneys for Mr.. Pinchot were
Messrs. Gerard & Smythe and for the Lo-
comobile company Messrs. Niles John
ston.
ported yesterday.
Otto j. Schwarzler, who is improving
the block front on the westerly side OF
Teller avenue. between 166th and 18th
streets, with eleven apartment houses, dis
posed Of nine inside houses to an investor
who lives in New Jersey. The transac-
ton involves close to 100000.
The houses are five stories high and each
occupies a plot 3S.ix100 feet. Construc-
tion work on them has only advanced as
far as the foundations. The seller has
been identified with r.., large building
operations In that s..'.. . The Bronx
The structures Just g.. of are from
plans by the Charles ~. Jr.. Com
pany.
The seller still retains the two corner
houses, each Of which occupies plot 4oX
100 feet The property is located on the
block TO the south of the parcel Of thirty
six lots recently acquired by the Home OF
the Daughters of Jacob. upon which II
intend 10 erect a large structure.
Other sales reported yesterday are a,
follows:
Manhattan.
S5rH STREET-Pease e. Gilman and J. j
Caravan sold for Arson W Hard three story
garage No. 81 East s4th street, on a lot 25S
zoos feet 20 client.
GOTH STREET-A. l. & S. Wolfson have
sold for RistoIi Leerburger No. A. West 6e,f
street, a four story and basement dweline
house. ON lot 2OxIOO.5 feet
Cpd STREET-The Bradkin Realty Company
CDrody. Adler & Kock and lsidor Mishknd
bought from the estate OF Maria Louisa Dehor
and Maria II. Dehon. respectively Nos anc
West 32d street, two four story dwellinl
houses on plot 50N9s.9 feet The property wa
held at $3.50 600 and the selling price Is sale
10 have been close to that figure The buyer
owns Nos 6 and s. adjoining. and on the com
bined properties will erect an eighteen story
business building similar 10 the Putnam Build
ing on 18Th street.
The Bronx.
10TH STREET.-Heller & Sussman hav,
sold for a Mr.. Sarnoff 70 Abraham Hapfn
Nos GO and ga East l6eth street, Ave
story new law house, on plot 55X1Oo feet.
1ssTH STREET.---Caroline Fluerfle sole
No 452 East 1ssth street. two story dwelling
and stable. on lot 25xl00 feet between Third
and Park avenues.
164TH STREET.-Kurz < Co, Inc, hav.
sold for Adelia Lankenau. the northeast cor
ner OF 164th street and Morris avenue, plot
1OoxlI4 feet, 20 a builder for immediate i'm
provement.
PARK ANENCE.-Smith & Phelps have SOLD
!or cash the four story fiat. size 37.6x10C fee
Nd known 47O2 park