New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-09
Corner Parcel Purchased
by Company Recently
Formed.
LARGE BUILDING
PLANNED FOR SITE
Property in Heart of New De-
partment Store Centre
Other Sales Reported.

The heirs Of the estate of Mary
Lewis have concluded negotiations for
the sale of the vacant plot at the
northeast corner Of Fifth av. and 37th
ST. to the newly formed Murray Hill
Investing COMPANY. represented by
New England capital.
The parcel. which measures 1882
square feet. was sold for a considera-
ton said to be Sl.s00,OOo. This would
bring the square foot price to 1874 30.
The purchasing company has in mind
the erection of am eleven story com
mercial building on the site. costing IN
the neichborhood Of 100000.
The corner is in the heart of the new
department store centre which mas beer
forming along Fifth av. and on ad-
jacent side streets between 34th and
42d SITS. Within a block or two are the
establishments of Franklin Simon q
Co., Tiffany & Co.. Gorham, Lord q
Taylor. Nantine & Co. and Bonwit.
Teller & Co. Rogers, Peet & Co: are
putting up their new home at Flitn
av.. 4lSt and AID SITS. and last week ar
rancemcnts were concluded WHEREBY
Arnold Constable n Co.. the last OF
the older group i'm the POS. are to oc-
cupy "A sin story structure. erected Tor
them by Frederick ". Vanderbilt. on
the site of his mansion. at the south
east corner Of Fifth av. and 10th St.
Comparisons of the amount paid Tor
the Lewis plot with that FOR othet
property in the vicinity reflect the ad-
vantageous purchase just effected. l ne
New York Club property. at the south
west corner Of 35th St. sold m i9Oo,
brought $3.50 a square foot; the Hoy
home. at the northwest corner OF j6th
st. was sold i'm 1912 at the rate o:
s2O6; Ramon & Co.. Of Paris. PAID
5000 a square foot IN 1906 Tor the
southeast corner Of seth St, the high
record being held by Burton Brothers
who paid more than 100000 Tor the
Splitter property little more than ="
lot. at 3Sth 81. and Flith aN.. now III
corporated i'm the Lord d Taylor store
site, which the Burtons own. 49,,
The Lewis family acquired the tlfth
ay. and 37th st. property IN 1889 from
The Morgan estate. The transfer IN
yoIved a site 49.5X12j feet at the I'M
mediate corner and also plot 5l.oN
qS.e feet on the north side Of 3Ith ST,
2134 feet east of Fifth av. Inc stated
consideration for both parcels was
sS85. 600. considerably less than one
quarter of the present selling, price.
The sale was negotiated by Frederick
Southack and Alwyn Ball. in. The buy
ing company was Incorporated at Al
bany last July. with ,capitaal Of SloV:-
600. with Henry Captain, Thomas u
Durkan and William II. Randel as d.,
Yectors. The company is represented
nv Olncy & Comstock. as attorneys.
Other sales announced yesterday fol-
law:
seth ST-Iom u Stmohhc.d h. r..
portcd 10 have Sold his h"m" al 10 WfTI'
sGtb 81 five story brick ard sion" dNcI
ing house with 81 four story extension. ~
rOo2 Tho buyer is said jo nave sl[,H III
mart payment "a property "u Ncsi' nes,''
aV near Prospect aN Mr. Siauo nu'lu a.
o,iircd tho Gou@. about Sis years ago lto"
Inc builcr. william H. Hall. IT,
CEOToNA AN-iiarrN H. Heron" mas
l,ourht from the Joseph S"usiu '"inptn'
inc Not on the west side Of ''oi"na az
% fcct north az 1NHfh ST. measuring l-'
fcet front Dos I%> feet deep 9u "n" -'ue.
with a rcar lime of l@i feet and n"It
line measuring M foot ~ is locate" d
little over 200 fCst ir"n forL.a- E---