New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-09-29
.S3,OOO,oOO FIFTH
AVE. PURCHASE
Clarence Payne Now
Owner of Former
Wilson Property.
CALIFORNIAN'S THIRD
INVESTMENT HERE
Traders Continue Prominent in
Many Promising Sections
of the CITY.

Clarence Payne, Of California, who
has in the last year become a prominent
figure in the local realty world. for
about $4,000 900 bought yesterday the
southeast corner of 43d ST. and Fifth
av.
On the site there was up 10 few
weeks ago a house, which was once
owned, it is said, .by Boss" William NJ.
Tweed. Later it was the residence Of
the late K. T. Wilson. A sixteen story
building is being erected on the plot.
1t will be called the Guaranty Building,
after the Guaranty Trust Company,
which has a twenty-one year lease of
the store, basement and first floor and
which will pay rental of $4,000 a
year.
The purchase was made from the 5ll
Fifth Avenue Corporation, comprising
Harris and Maurice Mandelbaum and
associates.
Mr.. Payne owns the Brixton apart
ments on West 10th st. and the prop
erty 363 Park av.
The and story houses at 2i0-246
West 43d st., 76.Sxl005, owned by the
Forty-third Street Associates, Inc, have
been turned over to the newly formed
Scheldna Realty Corporation. Stoddard
& Mark, attorneys, represent both COM
panies.
The Brixton Construction Company,
Edwin s. BricAner, president, has
bought the residence of Mrs. Anna +.
Simpson, at 952 Lexington av.. a 8 story
and basement house on lot 20x7S. The
sale was negotiated by Pease & Eli
man and George K. Read & Co., the lat
ter representing J. B. Williams, attor-
ney for the seller. With this purchase
the buyer now has a plot 100x7S feet.
The Metropolitan Life Insurance
Company has sold the six-story non
elevator apartment house, on plot 4Ox
10l, at the southeast corner of Seventh
av. and l46th st. The buyer is the
McMorrow Engineering & Construction
Company, which was represented IN the
deal by Slawson & Hobbs.
Samuel A. Herzog, who recently COM
pleted and sold high-grade apartment
buildings in the Park av. section, has
enlarged the site of 13 story apart
ment structure he is preparing to build
at the southwest corner OF 5Sth ST. and
Park az. He has bought, through
Slawson & Hobbs, who accumulated the
/ site which includes the stable of the
late Henry II. Rogers, the private house
at 81 East 56rh st. from Charles I.
Terry, of the law firm of Merrill Rog-
ers & Terry
The Costing Building Company,
which recently completed seven story
apartment buildings on Andrews av.,
in the West Bronx section, near the
grounds of the New York University,
have sold in cash deals five of the
houses TO four investors. Each of the
houses cover plot 40Xl00, near l79th
ST., and are fully rented. The respective
sales are 1905 and 1915 Andrews ay.
t. Kete Ley, 1917 and 1921 Andrews av.
to William Dauth, and 1925 Andrews
av. to May C. Melich.
The sellers acquired the land over a
year ago at the auction held by Joseph
P. Day of the Hennessey estate, and
are now erecting five similar houses in
the rear, fronting on Loring Place. The
brokers were William II. Melich and
John p Dauth. The principals were
represented by Adolph & Henry Bloch,
attorneys.
The newly formed Arden Construc-
3 NlOl AOIpulN mas bOHhHb AlOth
hardt a. Podgur the plot, l00xl05, on
the west side Of Tiebout av., 102 feet
south of Fordham road. Two high
class, story apartment houses will
be erected on the plot. The sellers re-
Gently completed two apartment houses,
abutting on Valentine av., which are
fully tenanted.
The Becker-Building Corporation has
purchased from Carrie S. Weiss the
plot 50xl00, on the west side of Haven
av., opposite 180th ST. Ground will be
broken Immediately for the erection Of
a 5 story apartment house, for which
the seller agrees TO advance a building
loan of $4,000. Weschler & Kohn, at
torneys, represented the Becker Com
pany in the transaction.
Smith G. Phelps have sold for the
Level Realty Company, Maurice Miller,
president, the 8 story apartment known
as 1920 Creston av., near Fordham road.
Size, 43x70. This is one of five apart
ment houses recently completed by the
Level Realty Company.
Calm < Pittman have purchased
from the Sirrom Realty Company, the
vacant plot known as the southwest
corner of fremont and Morris avs, 64
X104, irregular. on which they will i'm
mediately erect seven stores as tax
payer. McLernon Bros. were the
brokers.