New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-09
House Bought for Light
Professionalism St.
Purchase.
HISTORIC DOWNTOWN
PROPERTY LEASED
Old Tank Landmark at La1aye''e
and Reade SITS. Rented
9th Sales.

Sales in the upper section oil Ia.n
49, a,o;n the feature of the realty
market Yesterday. one paF'el
bomCbt for light protection for seven
80 anartment house, while ano'he'
,,,,rcboso in Goth ST. foreshadowS the
building of an apartment house.
TIE three story Hathouse with stores
81 111O PARK av., on a lot 20.2XSZ.5 lee''
Ias been sold through Leon :. ~
,,a,,or for Frederick W. Marks 10 the
blackstone Realty Company, OF whicn
Fdrar :. Levy is president Inc Dul
INC company owns the Meteor apart
mert house at 100 to llO6 PARK a'''
a. the northwest corner Of S9th 81;
SOM Brothers, composing the Cen
trail Building improvement ana invest
ment Company have sold the three oIu
Aathouses at 1903. l05 and lO' East 9VSh
ST. The property comprises plot o-I
100. adjoining the northeast corner OF
Park av.. covered with TOUR rVe s'oi
Gsts which have probably been sold
long with the SOM holdings. The
combined properties would make plot
fronting zoos feet on Park av. and 1853
feet on goth St, facing the large plot
,sge accumulated last week by the Al
lance Realty Company, William IL.
Cbesebrough, president. The houses
f~ontinc on Park av. are owned by
Mary ii. Maynard. George n. Alters
Charter Realty Company and the Is. II.
Dubois estate.
Much interest was concerned over
the leasing of the landmark at the
northwest corner of Lafayette and
Readc SITS. TO the Frank Won Garret
Company. which will conduct a restau-
rant on the site The property was
rented through the Douglas Robinson,
Charles :. Brown Company for tho
Pank of Manhattan Company.
The transaction marks the passage
of the old water tank which the Man
haitian Company, organized by Aaron
Burr and his associates, built more
than a century ago after II obtained
charter from the state Legislature IN
1879 for the purpose of introducing
water into this city. Burr engratted
in the bill, however, clause provld-
ing that the surplus of the water com
pany could be employed in any trans
actions not inconsistent with the laws
OF the state. This was to circumvent
the opposition of Alexander Hamilton
and the Federalists. who controlled the
banking situation and did not desire to
have any competition. The clause was
not discovered until after the passage
of the bill, and the company estah-
lished the water works. but also set up
a bank. which is now the second oldes.
IN this city.
The old water tank encased within
the building al the corner of Reade and
lafayette SITS, according TO informa-
ton, is TO be razed down TO the level
Of the street floor and maintained as
heretofore in readiness TO put il in use
should there be test Of the cOmpany's
charter as a water company.
The property has been leased for n
period of twenty-one years, and will
be improved with a four story struct e.
IRE having a base area of about 5000
square feet.
Henry r. Stern has sold through J.
B. English the five story building, on a
lot 25Xl00 feet, at 22S West SD 81,
situated 100 feet from Broadway. The
Alland Realty Company owns $50 and
232 and now control a plot 55xl1S feet.
Other sales announced follow:
LEXINGTON AV.-1he United states EN-
PRESS COMPANY has sold 5l9 Lexington av.. a
thee story dwelling house. on lot 20X50N
irregular, adjoining the northeast corner OF
ssh ST. The buyer Is a client Of John y.
Cooling In January 1912. ten dwellings and
a four story fathouse 40 80 20 81 LeXing-
ton sy.. 10 and 10, East Goth 81 and l37 and
10 East 18th - were purchased By James
O.. Mcclure & Co and should they prove TO
be the buyers Of 30 they would have con-
troll Of the block 'front.' with the exception
o. tao dwelling lots
ELEECKEE ST.-Pepe & Bro. sold for the
estate - Mary 4 Allaerc go Blocker ST.. a
flree story and basement building. 10 A.
jordan. who resOld 20 Edward y. Duff
Staten Island Factory Rented.
The Rutland & Whiting Company has