New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-08

\ transaction involving 100000, which
will result in the erection of twelve
story loft building by Raymond Il Rails
man. was announced by George Neiman
YESTERDAY The proposed structure will be
built at Nos. 1i5 and IA West 2Sth street.
II has been leased for twenty-One years
from plans to a tenant whose name IS
withheld. The new building and the lease
involve the sum already mentioned
Nicholas +. Walsh and William H.
Whiting d Co. brokers. concluded neso-
tiations yesterday for transaction an
nounced i'm The Tribune several weeks
ago by which the city will get new
school site. consisting of part of the ola
Catholic cemetery plot on 1lth and l2th
streets between First avenue and Avenue
4. In exchange the city gives to Sol.
Bloom old School 81. on a plot 100 by 100
feet. No 223 to 90 West 4lst street be-
tween Seventh and Eighth avenues.
The new East Side school site Is the
casterly part of the old cemetery prop
erty-a plot of fourteen lots-eXtcnding
through from nth TO 18th street beginning
16S feet west of Avenue \. plot 40 by
2o6 feet. Last November the entire ceme-
terry plot was sold, through Bryan l.. Ken
nelly. by the trustees of st. Patricks
Cathedral TO Mr. Bloom and his associ-
atcS.
Pease & Gilman have sold for Mrs.
Johanna F1eischmann No. 6 East 18th
street. a four story high-stoop private
dwelling house. with "a frontage of 266
feet and a depth of 1922 feet with rear
mi ,.of,e. f,I,
be altered into an American basement
dwelling by the new owner for his own
occupancy. Richard III. ScObc was assO-
ciated as broker. The property faces the
Cook block. on which many prominent
people have their residences. They in
clude John Ryan. who recently bought
the former Roger home. No. 8; J. Il.
Duke and Mrs. Stuyvesant Fish
An investment of more than $4,000 IN
cash has been made 10y a woman, Mrs.
Ellie r. Williams. whose husband is secre-
tary TO Public Service Commissioner }.
Sergeant Cram, affecting two large apart
ment houses on Washington Heights.
Mrs Williams bought the two five story
structures. each on plot 5OxlOo feet at
Nos 554 to 500 West llSth street from
Friedman x Feinberg They adjoin the
southeast corner Of broadway, and were
completed about two years ago, now being
fully occupied The transaction was ne
gctiated 10y the new brokerage firm of
Nelson, Thompson & Williams.
Slawson & Hobbs have sold for John
Forsythe and others No go West End
avenue. a three and a half story high
stoop house on a plot 19X5JXl00 feet 10
client for occupancy.
w & ]. AXelrod have sold for the ALI
ance Realty Company, William Ii. CHEESE
brough. president, No 162 TO ~ West
S7th street. six three story dwelling
houses. on plot 1OSxlo0.S feet, located $40
feet east of Amsterdam avenue. The pur-
chaser is the West Side Construction
Company, Jacob AXelrod, president "hich
plans 10 esect on the site a nine story
apartment house. The operation will in
Volve about $4,000. The brokers were
Henry J. Cooper and W. & I. Axelrod.
The dwellings are the westerly seven of
a row of fifteen houses at that point. to-
gether with seven abutting on S6th street.
secured a little over year ago by the
Alliance Realty Company from the ID.
Willis James estate in an exchange. This
is the first resale Of any Of the property,
and the operation will be the initial apart
jnent house enterprise undertaken on S1th
street. between Columbus and Amster-
dam avenues, with the exception of those
at the four corners and adjoining Amster-
dam avenue The Alliance Company viii
dispose of the rest of the house 10 build