New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-18


real estate market yesterday was OF
mediocre character. Two long term
leases. representing a total rental oil
nearly 100000. were closed for premises
in prominent localities which arc TO be
used for lunchroom purposes. The base
snent and ub-basement Of the twelve
story office building at the southeast cor
ner of Broadway and 3Sd street was rent
ed for $500, 900 by the Exchange Buftet
Corporation for a period OF twenty-onc
years from the estate of George T. Will
son. of philadelphia.
The lease was negotiated by Van Nor
den & Wilson, and covers space with an
area 97x11s feet. The lessee plans TO make
extensive alterations and open the prem
ises in about two months.
The same corporation also obtained
similar lease through George Il. Read &
Co which will give ii a branch i'll the
rev civic centre. the space contracted for
being the ground floor and basement OF
the Jones Building. at No. 81 to 50
Duane street, southeast corner of Elm
street.
The space has a total area of 10000
square feet, which was held TO rent at
$4,000 per annum. The premises arc
under lease now until May I, 1914. the
Exchange Buffet Corporation having
taken them for twenty-one years from
that date. il being the desire of the com
pany to be ready for business upon the
opening Of the new Municipal Building
A lease of property near the new Grand
Central and adjoining the site selected
for the new home of the Yale Club fur
nished another interesting item. The
transaction has to do with No. Il East
4ith street. a five story apartment house,
c5xlO0 feet, owned by Charles \. Dards
who also owns tho adjoining northeast
corner of Madison avenue and 4ith street
The lessees are Schmitt Brothers. who
own and occupy the four story building
Nos $40 and 34J Madison avenue. The
parcel Just leased forms an "L" with the
present Schmitt store. and will give that
establishment a valuable outlet to 4ith
street Directly opposite No. AZ East 4ith
street will be one of the ramps leading
TO the incoming station of express trains
under the easterly half OF the new Bit
moro Hotel.
\. l.. Mordccai & Son have purchased
from the Brinckerhof estate the two story
stable. No. SO Park avenue on the west
side of Park avenue. &c feet south of 18th
street II is their intention to put new
store front in this building and lease it
for term of wears.
G. G. Edwards president OF the Edwards
Motor Car Company. formerly vice-presi-
dent of the United States Motors Com
hos ab. al "a =
interest in the seven story United States
Motor Company Building. at No. 3 to :
West 6lst street. running through TO No.
to West SD street. plot 7jX2co.l0 feet.
The property was occupied by the de-
funct United States Motor Company as its
general offices, and is valued at $4,000
The new owners will continue the title
under the Columbus Circle Realty Com
pany. and have appointed Fish & Marvin
agents to rent or TO sell the property. The
plot was originally improved by the
Tichenor-Grand Company as horse sales
stables and riding academy.
Other sales announced follow:
Manhattan.
BRoADwAY-John Il. Davidson and tho
McVickar-Gaillard Realty Company have sold
j.
Estate Security Company, Regent Hall. SIX
story elevator apartment house. on plot 1oo1 lx
100 feet az the northeast corner OF Broadway
and l2Sd street. The property was held at
SEQ coo.
1887 sTREET-smon sichel has sold No
go West l31st street. "A five story building,
on plot 57.4x45 ~ irregular between Ola
Broadway ana Amsterdam avenue. The plot
9e.1lXl00 feet, az the southwest corner OF
Ninth avenue and 2lGth street, recently re
ported sold by Samuel A. Hamel. was given
IN part payment. In the original report OF the
sale o. the Ninth avenue corner IL was
change his house, No. H. West 12lst street.
William 4. Darling e. Son were the brokers.
202D STREET.-THE u. \. Cushman Com
pany. bakers. bought from Bertha Bernauer
the plor, l0OXp9. IL feet. the south side Of
202d street. 100 feet west OF Ninth avenue. y
large bakery will be erected on the site
The Bronx.
WILLIS AVENCE-Charlss Kuntze has sold
FOR the Sandrock Realty Company. 40. 12i
Wits avenue a five story hathouse. on lot
o5xSO feet, TO an investor.
WISE ANENCE-Chares kuntze has SOLO
FOR Everett Harrison OF Montcair. y. j., No.
1857 WISE avenue three story two family
house on lot 25x10O feet.
153D STREEr-hurz & Cren Inc, have
sold for Charles Dammeyer No. 3I1 East lJn
street a six story new law house, on plot 3I6X
100 feet. 10 William Harres.
SHERMAN AVENUE-E. d. MacMannus &
Co have sold for the Yorktown Realty Com
psny thirty-siX lots on Sherman and Grant
avenues 100 feet north OF 10th street.