New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-31
Will Pay 100000 Rental
for Structure at seth
st. Corner.
SPACE FOR MAKERS
OF MILITARY GOODS
Army and Navy Cooperative
Company To Be Housed
in ADD ST.

The Studebaker Corporation has
leased the five story and basement
building at the northwest corner OF
56th st. and Broadway, 50Xl2O feet'
from the O. b. Potter Properties. IN
corporated The structure will be used
by the lessee for the sale or service OF
its automobiles. Cross & Brown nego-
tiated this lease. which is for tenn
of years at an aggregate rental OF
100000.
"This lease is unusually interest
ing" said a we'll known broker yester-
day. "ln spite of dulness in many
lines Of trade. this company finds It
necessary to get additional space here
in order TO meet the demands Of IS
business"
Another interesting lease was an
nounced yesterday by Horace 5. Ely
& Co. This firm has rented the ninth
floor of the 42d ST. section Of the Rog-
ers-Peet Building. now IN process OF
construction, 10 the Army and Navy
Cooperative Company. This company
was organized a few years ago with
Rear Admiral Mark as president. !:
is called the department store OF the
service and the space leased will be
occupied for the sale and exhibition
of military goods and wearing apparel
for the officers OF the army and nav.
This company is modelled on tho
plan Of the Army and Navy Co-ope ra-
tive Society of England. and. like the
British society it has stores in New
York, Boston and Texas City. and cm-
ploys statesmen all over the United
States Colonel William G. Ham, for-
merly Of the United States General
staff. is the present president of The
company. and Admiral SIMPSONS SOL
in-law, Captain Henry II. Scott. is vice
president mad general manager.
The Ray estate has sold the tene-
ment house parcel 532 West 29th -,
one block south Of the freight station
Of the New York Central Railroad.
Hugh Getty. builder, who owns tho
property at 526 to $50, adjoining, IS
the buyer. and now controls a plot
l00X1O0 feet. The parcel sold yester
day has been in the possession of the
same family for more than one hun
drsd years. William II. Archibald was
the broker.
Other sales announced yesterday
follow:
HONEYWELL AV.-A g. Bschman las
sold Cor the Cross Avenue Company. Iau-
rence Davies. president the southeast cor
ner OF HONEYWELL az. and lSOth st. a i've
story new iaN mouse. with stores, on nlof
50X1O0 The purchaser is an investor, who
gives iu part payment the plot 15xllS. at
he southwest corner Of Michigan az and
1S0th St The latter parcel will be inn
DrONed in tn near future. The Honeywell
-sv house was erected about TWO years ago.
being one Of three erected by the sellers
and has been fully rented.
56TH ST-Harry ". Perelman and Jacob
Moersfeloer have sold TO an investor for
cash the FIVE story tenement house. with
stores al 23i East 56th ST The house Oc-
cupies a lot 25XlO0J, and is located 27j
Feet west Of Second aV. The sellers &C
CURED the property last February in an
exchange with Alfred MixSell for the six
story apart ment house 81 504 West l35th St
66TH ST--The Thompson Fabre Com
pany report the sale OF 443 West 5s'h St.
five story 6athouse. on lot 2JXlO0 200
feet east Of Tenth az. The property il
owned by the United Boros Real Estate
company.
FRANKLIN AV.-Jsmes T Barry pur-
chased he two fNo story fsthOuses al
1870 and 1894 Franklin az. about - Zee
north Of Jefferson Place. Each house
covers plot - Xl00.