New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-12
Brooklyn Parcels Given in
Part Payment for West
Street Building.
WEST END AVENUE
CORNER PLOT SOLD
Investor Pays All Cash for Two
Apartment Houses on Upper
Broadway.

! Thomas i. Graham and ). y. Nali''
& Son have sold the West Street Build
ing. situated on West street, extending
from Albany to Cedar street. II Is one
of the most attractive and well arranged
sllvscrapers in the city. It was planned
and built under the supervision OF 'aSs
Gilbert. The buyer is the American
Sugar Refining Company, Of New YORK
The total Involved i'm the transaction
amounts to about s5,oo1.ooo.
The West street property has been pur-
chased for investment. thereby showing
faith IN the soundnoss Of real estate
where properly located and Adequately
improved.
The building is twcnty-throe stories IN
height with abundance Of light. and Is
over 90 per cent rented. Among the
larger tenants are the executive offices Oh
thu. Delaware, LaCkawanna & western
! Railroad. T.. T. du Pont dc Ncmours
| Powder Company. the lntcrocean on
Company. the Neptune Meter Company
the Lehigh Valley Coal Sales Company.
the Central Foundry Company. the NJ
|
the New York Steam Company, the Ma
tional Surety Company, etc. 1t has pc
come more or less OF home for tho
machinery trade. and OH the top hoor is
a bieb class restaurant. large part
Of the twenty-sccond floor IS occupied 10y
the Meridian club.
The building was sold by the West
street Improvement Company. OF when
| General Howard Carroll is president.
John Pierce. Of the John Pierce COMPANY
which constructed the building, is prin-
cinal stakeholder. The Cruikshank COM
pany represented the owners OF the build
ing since its construction and viii con-
tnue the management agency for the
new owners.
The refining company gives In ehchane'
property in Brooklyn, which is free ana
clear and which is valued at over $3.50
Oo1 Il consists OF two large waterfront
properties formerly occupied by the
sugar cOmpanys rcfnertes and large
interior plot The largest OF the water
front properties. 4siXS7O feet, Is situated
practically adjoining the new Barge Canal
Terminal. and will be developed by tho
| new owners by the construction OF -FOUR
/ first class warehouses similar 10 the BUSH
/ Terminal
The West Street Building was com
Meter in the latter part Of 1901. II Is
pure Gothic structure. with frontage
of 1bss feet on West street, 1l9 feet on
/ Cedar street and lO2 feet on Albany
street
/ Samuel Mcmillan. former Park Com
missioner through Thomas i. Reynolds
Inc. has sold the vacant property at tho
northwest corner of West End avenue
and 9th street so the Seventy-tourth
Street Holding Company Isaac Polsteln,
president.
/ This property fronts l26 feet on West
/ End avenue. with a depth Of 100 feet on
the street. and is 20 be Immediately I'M
! uroyed by the new owners with high
class twelve story apartment building.
4 loan for its construction has been OBJ
tanned for the builders by the Reynolds
| company.
! In part payment for this property
which figures in the trade at S25,c', Mr.
! Mcmillan takes the fine private house
on plot 30xS0 feet, at No. 3& West
7rh street adjoining Riverside Drive
and facing the mansion, In Touraine
architecture. Of Charles NJ. Schwab
which occupies the entire block to the
north.
The dwelling was the former residence
of Robert +. Tod. and was put in the
trade at $500. thus making the con-
siderations i'm the exchange total $4,000
The Polstein interests acquired this house
| hu TpIt I
| Parish last July for Breton Court. an
eight story apartment house at Nos. 100
to 80 West Tooth street.
! The McVickar. Gaillard Realty Com
pany. represented by John s. Heep. sold
for Philip Livingston 10 an out of town
investor the property at No. 2iGJ TO 2i7l
Broadway, two seven story elevator
apartments. with stores, on plot approx
mately lOOx15O feet.
The property adioins what was formerly
an old road known as ApthOrpe Lane.
and the purchase includes an additional
plot extending to the centre line OF the
! lane. about thirteen feet wide and flfty
feet In depth, which insures permanent
southerly exposure. This property was
purchased by the seller In 1899 from
! Thomas J. Mcclure, the builder.
! An unusual feature of this transaction
is the fact that the sale was made on
AN all cash basis and without any ele-
ment Of trade, which is another indica-
ton. Notwithstanding the present finan-
cial stress, that there is money available
| for investment in high class New York
real estate.
Other sales announced follow:
| WALKER STREET-Henry Solomon has sold
| No. lG Walker street. a five story building on
! a lot 25xl003 feet between West Broadway and
/ Church street. The property adjoins ON the
west the seventeen story structure recently
erected by the New York Telephone Company
! ATH STREET--Nictor Freuud & Son QncD
/ have resold for Joseph f. a. o. Donnell TO an
| investor No. 2l9 10 223 East 44th street three
| five story tenement houses. on a plot 75NlOO )
! feet. between Second and Third avenues The
! seller acquired the property a few months ago
/ from the Folsom estate.
| FOREST AVENUE-Ernst & Calm have sold
| 20 Louis Janon and X. Goldreyer the two
story and basement dwelling house No 7sg
| street.
10TH STREET-The Lewis II. May Companv
! has resOld for T.. Il. Corey No. % East lG9th
street. a five story hathouse 10 Leopold Neu-
| gass for investment. The property was held
| less than ten days and was sold at a SUBJ
| stsntIal profit.
| BASSFORD AVENUE-A j. Madden has sold
, family house at No 22i9 Bassford avenue,
northwest corner OF Fletcher street
WASHINGTON ANENUE-W. f. AZ W I
Brown unc.J have sold for Emily Bradbury the