New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-07-13
JEWELLERS COURT
In $SOO,OOO DEAL
Maiden Lane Parcel Sold
by Duke Moro de Moro,
of Essex, England.
LARGE LEASES TO
TOBACCO CONCERNS
Coupon Corporation Gets Fifth
Ay. Structure-Bronx Block
Front for Another.

Jewellers Court. a twelve story
building in Maiden Lane, figured IN a
trade involving $500. 900 yesterday. The
property. which is at 81 and 50 Maiden
Lane on a plot 39.2xl39 feet. was sold
by the Duke Moro de Moro Of Essex,
England, to Samuel p. Tull through
Charles b. Van Nalen. II is valued oy
the city's appraisers at S53O,OOO.
The Duke de Moro several months
ago took over the downtown structure
in an exchange for his Nillanova,
Philadelphia, properties. Mr. Tull gave
in part payment the six story business
building at IL and 43 West l1th St,
extending back 20 3S West 18th St, on
a plot 25xl84 feet, assessed az S2ZZ'-
600. The legal part Of the transaction
was looked after by Senator Slmonds.
of Vermont, through Thomas j. Nee
han. Mr.. Van Valen will continue 70
act as agent of the newly acquired
properties Of the duke.
Through John y. Golding, the Nut
ual Profit Coupon Corporation has
rented from the Mark Cross Company
the entire eleven story building 2t 20
Fifth av.. and extending through 20
1892 Broadway. The tenant Will oc-
cupy a major part Of the building,
using the store. basement and second
floor as a premium redemption psrlor
and other floors in the building for
executive offices.
The Mutual Profit Coupon Corpora
ton. Of which D. A. Schultz. the well
known head Of the Schultz cigar stores
is president. is new corporation
whose service is widely patronized BY
independent tobacco concerns. IL in
tends in the near future TO enter other
business fields. The lease is for q
term of years.
The Crossways Realty Corporation
(Elkan Holman, PRESIDENT has leased
to the United Merchants Realty and
Improvement Company, which is a
subsidiary of the United Cigar Stores
Company, for a period Of twenty-nine
years from May l. 1917. at which time
the present leases on the property eX-
pire, the block front with the two
story building on the south side of
149th ST., extending from Third 20 Ber-
gen avs. and comprising about FIVE and
one-half lots, at an aggregate rental
of Sl,200,000 for the term.
In connection with this lease the
Crossways Realty Corporation has also
procured from Arthur Aston Carey, OF
Boston, a twenty-One-year renewal OF
its ground lease. from May /. 1925.
at an aggregate rental Of about $500,
/ 600. Mr.. Carey. it is said, is no. alone
receiving more than double the rental
that was originally paid when the
lease was made in 1904, but that the
! Crossways Realty Corporation is also
receiving a handsome return on its
| building. The Crossways Realty Cor
/ poration, in both transactions, and the
| United Merchants Realty and Improve
ment Company were represented by
Arthur H. Lewis as broker and Mr..
| Carey by the Douglas Robinson,
Charles S. Brown Company.
Other sales follow:
7TH sT-L j. Phillips & Co. have sold f9r the
Dorahal Realty Co the southeast corner o. Sffeuil
ST. and Hall place. 7jJ6s.2 feet six story modem
apartment house. 10 a client for investment This
house was built few years ago and Is considered
the finest house n Sc Bind m the se,tiol. Tho
building has exceptional light and air. as 70 ftrel
/ the Hewitt Memorial building. a two story build
/ 18TH ST-Fiorace Els & 60. have sold Tor
the New York Trust Company West ll2th g.. a
/ four story and basement dwelling on 4 lot litK
iOOll John G. Mccarthy. the buyer. owns the
adjoining premises 10 The east aud by this pur-
chase now controls plot n 25Nl00ll
} 46TH Sr-Accordtng 20 reports yesterday. the I'VE
story stable at IL % ll9 West Forts sixth s. has
[ been sold. The property IS owned hy John J. an1
/ Edward p Teaney The site measures 50rl00 3
and Is located Just Wes' Of sixth Az. Directly op-
poslte IL public school g.
| GREENWICH ST-Pathck Mccarthy Is me pur-
chaser of 90 Greenwich ST.. sold recently By Joseph
out Mr. McCarthy's holdings. giving him frontage
on Greenwich 81 Of 81 feet ard 90 feet Rector s.