New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-14
tie Nlsy Reaifyeo NatsyNJ

Marks, the sellers being represented by
Stoddard G. Marks. DR.. Palermo bought
the site on which the apartment stands
In June, 1912. from Franklin Petit.
Clarence Payne, OF California, pur-
chased as an investment from the Mon
tana Realty Company, OF which f. CHI
ford Potter. William II. Chesbrough and
Benjamin Mordecai are members, the
twelve story apartment house 1873 10 3SI
Park ay The house is 25 feet north or
SD St
This high class house was erected by
the sellers in 1912 from plans by Albert
]. Booker. 1t is fully tenanted, the rent
roll being about $4,000 yearly. The prop
erty was held at s65OOO0. In part pay
ment for the premises Mr.. Payne gave e5
and s. West 36th St, four and five story
buildings, on a plot 5GX9S.9 feet The
brokers in the transaction were r. K. l..
Mordecai and Robert c. Knapp.
One of the most important changes in
ownership to business properties In the
month was the result of the sale by NJ.
g. l.. Hess. Inc, for the Twentieth Street
Realty Company John L Spinna, presi-
denD, of the new twelve story mercantile
building lis TO 125 West 10Th st. The
property has a frontage of 81 feet. The
new owner is the Vulcan Realty Com
pany. Of which Aaron Coleman is the
president
The building was erected last year, and
was fully rented from the plans. In part
payment the buyers gave the six story
elevator apartment house 240 and 2i2 West
10Th St, the entire transaction aggregat-
ing about 100000 In 1912 William P.
Dixon sold the 10Th st. plot through the
same brokers TO the Realty Holding Com
pany, which resold it to the Twentieth
Street Realty Company. The property
formerly formed a part Of the famous
"Old Rope Walk" Stoddard G. Marks
represented the sellers in the transaction.
A. L. Mordecai & Son negotiated a
transaction involving about $4,000 in this
section last month. The firm sold through
Johnson, Adams & Grecan, to Ewald
Monner, l21 and 123 East 24th ST.. twelve
story business building. or a plot 5OxsS9
feet between Fourth and Lexington avs.
The building was erected in 1912 by the
sellers from plans by Mulliken G. Moeller.
In part payment the buyer gave the nine
story loft building 40 and ~ East 18th ST.,
adjoining the southwest corner OF Fourth
ay. The 2ith st. building was held at
$4,000.
A deal showing the high favor in which
central Fifth av. property is held was that
by when the Investors Estates Corpora
ton acquired title TO the site at the north
east corner of SD st. and Fifth av. from
the Oceanic Investing Company, which is
a syndicate OF English capitalists. The
Investors corporation held an eighty-four-
wear lease on the site. On the premises
Is an eight story building fronting so feet
I'm SD st. and 115 feet on the avenue. The
sellers bought the property from Robert
e. Bowling about three years ago at the
reported price Of s1.100,000. The Hotel
Langham occupied the premises for many
years.
William g. May Co. sold in the dis
trict last week for the Biltmore- Blenheim
Company two Of the seven story apart
mont buildings. Sc TO So West 5sth St.
having a frontage OF 100 feet in the
street and a depth OF 1905 feet The buy
ers bought the property as an investment.
The houses were held at $4,000.
Frederick Fox & Co sold last week for
Marie Kuhn. Hattie NJ. Markowitz ana
Simon Meyer the building No. ITO West
4sth st. The buyer was Charles Geoly'
doing business as the Eayes Costume Com
pany. at present at os6 West 4lst st.
The d. II. Jackson Company resold 10
the Holland Holding Company, Judson 5.
Todd. president 2S9 West seth St. four
story dwelling house. on lot 1S.6xss.s
feet. The buyer also owns 2S3 to 2J7
West seth ST. and now controls plot
fronting "a feet. with depth OF 100 feet.
On the site the buyer intends TO build
twelve story mercantile structure The
sellers bought the property several weeks
ago from Miss Mary L. whlthead. Good
ale, Perry White were the brokers In
the sale.
Pease 4 Gilman scld for the estate oil
Samuel Sloan the four story dwelling
house i27 East seth St, on lot 2ox14
feet. The property Is between Park and
Lexington ayes.