New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-07
Residential Park Figures
in Deal for Fifth Ave
nue. Structure.
REVISED PLANS FOR
TALLEST BUILDING
CITY Buys Large Plot on Gerard
Avenue for Subway Use
Other Sales Reported.

\ syndicate is the buyer OF the twenty
story Office building at the northeast cor
nor Of Fifth avenue and 3lst street, the
sale Of which was announced i'm The TITO
me Yesterday. It has given in exchange
its residential park in WESTMINSTER
known as Philipse Manor on-the-Hudson.
Contracts for the closing OF the transac-
ton with the bondholders of the defunct
Improved Property Holding Company, the
sellers of the Fifth avenue building, were
signed yesterday.
TITLE 10 the Westchester property
stands in the name OF the Phiiipse Manor
Company, which is capitalized at Sl'o0o'-
ooo The officers Of the concern are Will
, lam \. Pen. president; Alan de Schweln-
it, secretary. the directorate being made
m Of Holmes V. NJ. Dennis and {. w.
Fish.
The property is twenty miles from the
Grand Central Station and commands eN-
tensiye views OF the Hudson. having a
mile frontage on the Tappanzee Bay.
which is one Of the widest parts OF the
river. IL lies just west Of the big estate
owned by John ID. Rockefeller, and has
been improved along the most modern
Hines. The houses on the property are
large. on plots averaging 100X1JO feet. The
park comprises about 80 acres and was
formerly the Beekman and Kingsland es-
tatcs. The cost Of the homes on the land
range from $4,000 to $4,000, with few
a little more costly.
Francis II. Kmball. who recently nleG
preliminary plans for the proposed Pan
American states Association Building, has
prepared new plans to fit the block bound
ed by Broadway. Eighth avenue, 51th and
5Sth streets.
The rev plans reveal an interesting in
novation in that. TO obviate the acute
angle formed by the intersection of Broad
way and 57th street it is proposed to set
the building back forty feet from the
building line in order to create circular
facade at this point from which the build
ing will be carried in straight front to
5Sth street and 20 Eighth avenue.
Besides erecting a plaza approach for
the proposed structure, the setback VIII
also afford suitable place for subway
station. and it is calculated by the archi-
feet that the actual material. in cubic
aera. that will be saved In this setback
will be sufficient to add five additional
stories to the original plan.
The revised drawings will provide for
much higher structure than originally con-
templated. II will reach a height Of SS9
feet. divided into about SO floors, with
ceiling heights ranging from 10 TO 80
feet. The Woolworth Building has %
stories
Henry Lewis Morris has sold to the
CITY Of New York through the Public
Service Commission a plot fronting 12o
feet on the east side of Gerard avenue and
551S feet on the west side OF Walton
avenue. beginning 1871 feet north OF
146th street. 1t is 234.3 feet deep on its
eoutherly line and irregular on the north.
The price was $4,000. The property was
acquired for the purpose of providing
space for q connection between the pres
mt subway and the Lexington avenue
subway, now under construction.
| Other sales announced yesterday fol-