New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-15

The dozen old structures that now
occupy the northeast corner of Broadway
and 9th street are soon TO be taken down
and in their places erected a twelve story
office building and a theatre structure.
The operation will involve about $4,000
The property, which has frontage Of
1893 feet on Broadway. 1910 feet in 87th
street and % feet in 3Sth street, has been
leased by Horace s. Ely & Co.. agents
for the owner, the Hobart estate. to
holding concern. acting for principals,
whose names have not been divulged.
The lease is for a period Of twenty-one
years, with renewal privileges, the rental
FOR the first period being about sl7o0o
One OF the conditions OF the lease IS that
the Hobart estate will make building
loan Of $4,000 toward the improvements
planned for the SITE which will be erected
under the supervision Of Hill & Stout
representing the owners OF the land.
Harry Fischel is 10 be principal director
an the holding company, which is TO De
formed for the carrying out OF the enter
Prise He has been identified with East
side operations for many years and is
director Of half score Jewish educa-
sional end charitable organizations. FINAL
papers in the transaction have not yet
been signed
Abraham Harris Is the purchaser or the
FIVE Ave story apartment houses occupy
ing the block front on the north side or
$500 street. between Kelly and TIFFANY
streets, 2o0x125 feet. the sale OF which oy
Max J. Klein and Ignatz Roth was re-
ported in yesterdays Tribune.
In part payment Mr.. Harris gave two
apartment houses on the upper West
SIDE. They comprise the Hoffman. six
story structure. on plot 4esxs9n feet
Nos. es9 and 24l West list street. near
Eighth avenue, and Nos. 10 and q West
18th street. a six story house on plot
t0xpsfi feet. between Fifth and Lenox
avenues The transaction was negotiated
by Grossman & Phillips and Adolph Quit
man and involved about 100000
sharp & Co have sold for Valentine
Hattener the three five story fathouses,
Nos 22l. 923 and 225 West 105th street, on
Mot 75x1Oo1i feet, located 10 feet east Of
BROADWAY The buyer Will hold II as an
investment.
Mary Schieffer, owner Of the three story
dwelling house at No. 577 Lexington ave-
nue.. directly north OF the Nursery and
Chnd's Hospital property. auctioned of TO
SPECTATORS a few days ago, IS said TO
have sold her parcel at price which
chalks up a new record for Lexington
avenue values.
The property consists of lot 1sioxs7
feet. adjoining the northeast corner Of
DIST street. 1t contains 1,262 square feet,
and a. the reported price-s35, 0c0-the rate
would be about s27 Il square foot. John
w. Ambrose. who owns the adjoining
house, No 575, at the corner, is eaid 10
be the purchaser.
other sales announced follow:
MADISON AvENCE-Nilliarns & Grodsin-
Fkv have SOLD No. 1872 Madison avenue,
northwest corner Of 1i1th street. n I'VE story
building on lot 2o1ix50 feet. The buyer Is
an adjoining owner.
nth STREET.-THE Douglas Robinson
charles S. Brown Company has sold 70 Low
.nfeld q Prayer the four dwelling houses
nos. III, 113. 115 and 10 West lllth street
10. III 20 115 occupy plot 4JxlOO II feet
and 40. 10. lot 14Nl0ol II feet. The seller
was David Sears
10th sTREET-A. j.. Madden has sold
for Louis Bauer the southwest corner or
17O,h street and Charlotte avenue, lot
DAYTON feet