The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-20
SITE FOR FINEST
APARTMENT BOUGHT
Corner of 18th Avenue and I'D
street TO Have Twelve
story Building.
s1.5OO.OO0 TO BE COST

N, worlds finest apartment house. n
,.s,ye story building that will cost
.,ou, ,i.500,o00 to erect and In which
.rusn,s will he rented at $4,000
war. is 10 be put up at the south cor
4, ~ Fifth avenue and ~Seventy-second
,,,se,. IN the heart OF New Sork's most
e,.,Iv and most fashionable residential
.,r,on. The land was sold yesterday
,,,oush the brokerage firm OF Pease X
,qBman fo- the estate of James ~.
burden and Cornelius Vanderbilt to
,,,,dor. whose names the brokers aid
,,s, nigh, they were not permitted TO
divulgc.
"details Of the new structure have not
-, entirely worked out, but II has
is.n determined that the apartments
ali I've vi fourteen and fifteen Dom
.sc, and that the buildings will he
,a..iy for ~ccuuauc 10y October. 1916.
IN. building with its site will repre-
sen, an investment Of about $4,000. 0Oo,
making 10 by far the most costly build
,ng Of It's kind ever erected. There Will
le Two apartments on each Moor rep
,.seutiug the last word in apartment
ious, construction.
The site of the new apartment IL
composed Of two holdings which have
had Notable histories. The immediate
conner OF Firth avenue and seventy
.ao,ud street. 4 plot 3jNl25. is covered
by the former Burden residence, which
was occupied during last winter by the
late Senator Nelson W. Aldrich OF
noode Island. Adjoining this property
"a the south is a plot S0xi2j. with no
buildings on H.. which Cornelius Van
terbilt purchased two years ago from
Seth Barton French at a cost OF about
t.OOO.o0o. MIR. Vanderbilt at the time
contemplated erecting a splendid resi-
Asnce FOR himself on the plot. The
sasth OF his uncle Frederick w. Van
dsrbll, changed his plans. however. for
-, Vanderbilt house at the corner OF
Fifth avenue and Fffty-irst street then
raised 10 Cornelius Vanderbilt and he
IL now having that house remodelled
and renovated for his use.
The new building at Seventy-second
street will have a site fronting us feet
on Fnh avenue and l2j feet on the
street.
Up 10 this time the laurels for apart
'nent houses have gone to the building
1t the corner OF Fifth avenue and
Elghty-nrs, street. which Lee & Fleisch-
mann erected and later sold TO Com
modore Arthur Curtiss James. II Is a
twelve story building with one or we
apartments Oh a floor. renting for from
$4,000 10 $4,000 a year. 1t was be-
lieyed when this house was built thai
the last word In apartment construction
had been said. B!ng & Bing also erected
a notable house. one OF seventeen stories
a; the corner of Park avenue and Sew
enty-uinth street. which they sold &c
Ms. Morris Jesup.
TIE new apartment at Se-venty-second
street will have some well known neigh
bors. Henry A.. g. Taylor owns thu
three dwellings, adjoining on Seventy
second street, and w. Bayard cutting,
house Is at the southerly Madison ave
nue. corner of the block. ust across
the street. On the n~ortherly Madison
avenue corner. 10 the home of Louls G
Tiffany. while the homes OF Oliver GoulC
Jennings. at : last Seventy-seconc
street. and James St,llmau. at No. 9
will be faced 10y the big apartment
Nathalie L. Baylies's home occupies III
corner OF Fifth avenue and Seventy-tirs
street, and the $1,000, 900 home Of H.. {
Frick, completed only last fall. occupIe
the whole block front just south OF tn
site Of the big apartment.