New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-04

Frank n. WELLER has leased TO Theo-
dore Hofstett & Co, interior decorators,
the six story building to be erected by
Michael Dreicer on the southerly half of
the former Gallatin homestead property,
at the southwest corner Of Fifth avenue
and 53d street The proposed building
will cover lot 25Xl0O feet and has been
leased for a period of twentyone years
at q rental approXimating 100000.
The property figuring in this transaction
was acquired by Mr.. Dreicor three weeks
ago from Mrs. Amy G. Gallatin. The
building to be erected will be designed
by Henry Otis Chapman, who has pre-
pared preliminary sketches showing a
magnificent structure with a facade in
pure French Gothic, the character OF
which was influenced by the adjoining
home Of William X Vanderbilt. jr.
The building which Mr.. Dreicer Will
eventually build on the corner lot will be
of the same architecture, thus completing
a block which will stand out perhaps as
the finest appearing block on Fifth ave-
nue.. and as such is destined TO become
Il landmark.
From the point OF view of business
intrusion, the Vanderbilt dwelling houses
Will not suffer. since the proposed struct-
lures will be a distinct Improvement over
the old Gallatin house: In fact, the
rough sketches show a building that has
"A FACADE more like private dweiihg
house than a business structure.
Payment of S5.5oJ.oOO in cash was made
Yesterday when, the loan of S,5C0@o re-
Gently arranged by J. II. and f. V. Bur
ton with the Prudential Insurance COM
pany for the Improvement of their prop
erty with new store for Lord Il ray
Tor was completed AT the offices OF the
Title Guarantee and Trust Company. For
the first year the Burtons will pay per
cent interest. and thereafter during the
life of the mortgage the rate OF interest
is : per cent. The money Will he applied
10 the erection Of n ten story bullding'
which will cover the largest property IN
one single ownership on Fifth avenue,
being known as No. 4c4 10 434 Fifth ave-
nue.. No. l to II West 3Sth street and No.
. 70 u West 39th street. The plans for
the structure have been completed, the
architects being Goodwin Starrett * Van
Week and Hazard. Erskine e Blagden.
other sales announced ycStciudS UNIV" :
?3D STREET.-THE Ave story dwelling
house No. 9j2 West $50 street has been soid'
a Iavton McIlhorn is the owner OF record
Tho house occupies n lot 1Sx1ops ieet, sno
sdjolns the two apartment structures on piot
rs Sx1OO feet at the southwest corner OF
broadway purchased recently by the coe estate
from Walter Donovan nut. -,
CONVENT AVENUE-James Il. Giliie has
sold tho three story and basement dwelling
house AT the southwest corner or lam street
and Convent avenue. on lot 29x9I ieet
l27TH STREET.-THE Brown-Weiss Realities
bought from Martha Traubner Nos. $50 ana
147 West 127th street, six story elevator
apartment house known as the Rosenere' on
a Mot 5Ox1OO feet IL is located about 100
feet east OF Seventh avenue.
THIRD AVENUE-E. Loewenthal son
have bought from Peter A. H. Jac6sons Sons.
No 1855 Third avenue. hve story tenement
house with stores on a lot 25xs3.9 feet, ad-
Joining the southeast corner OF 9sth street
nth STREET-lsaac Hattenbach has eold
fo~ The Reliant Leasing Company No. 800
West 1iIth street q I'VE story hathouse, on
plot 80 4xlOO feet. 10 an investor
I6STH STREET-Robert Levers has SOLO icr
Gustav Levinson 10 J Ftsshel the iNe stofy
double fiathouse, No. 5l3 West 1bsth street. on
d lot 25x96 feet.