New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-09-15
WILLIAM STREET
AGAIN ATTRACTS
Subway Cause of Realty
Activity in This Old
Part of Town.
PLAN NEW HOME FOR
THURSTON & BRAIDICH
Brixton Company to Build
Apartment House in Lex
ington Avenue.

The William st. subway, now in
course of construction, has already
stimulated renewed interest in the old
wholesale district through which it will
run. Landlords are very happy over
the situation. Quite a number OF old
familiar landmarks are doomed to be
levelled before this present trade ex-
pansion, and many more will be razed,
it is thought, before trains are in op..
Grafton over this important route of
the subway. Coincident with the in
crease in improvements, rentals and
fee values in the district are bound 70
rise, so concerns contemplating home
in the section will have to buy or lease
quickly if they would avail themselves
Of present sale prices or rentals for
land.
The premises 81 Cliff St, extending
through to Ryder's Alley, two very i'm
portant trade thoroughfares in the
early days of old New York, were sold
Yesterday by the Charles F. Noyes
Company and leased for the buyer to
Thurston & Braidich, one Of the lead
ing crude drug houses in this city.
The property comprises a plot Of
1880 square feet. A freproof store
and loft building will be erected for
Thurston & Braidich from plans Of
il is said, the best of its type east Of
William st. Construction will be fire.
proof. with a minimum carrying capac-
ity of $50 pounds to the square foot.
There will be two electric elevators,
automatic sprinkler system, steam heat
and other improvements.
The investment will be approximately
$4,000. The Noyes Company leased
the building for fifteen years from May
!, 1916, at $4,000, plus taxes, insurance
and all repairs. With these items
added the total rental is about $780,
900. The lessees have long been iden-
titled with the William ST. section. The
firm consists of James G.. Shaw, J. Ed
ward Young, jr., and Charles R. Rose
wear.
This sale and improvement" says a
well known broker, "is the most note.
worthy transaction reported for long
time in the William st. district, al
though there have recently been num-
Der of sales of property reported just
east OF this section, three in Front st.
and sale and resale in Gold st. by
William D. Fitzpatrick"
There will be stations in the district
on the William st. subway at Fulton
and Wall SITS.
The Brixton Construction Company
Edwin S. Brickner, president) has
purchased from the George B. Post es-
tate the four private houses on the
northwest corner of 69th st. and Lex
ington av., comprising a plot 7sxS0 feet,
upon which will be erected an apart
ment house of the highest type. The
property was held at 5000, 900.
/ In the last six months rumor has fire.
/ quently connected the name of other
/ prominent builders with this corner, for
| il is recognized as one of the finest
locations in the immediate Park av. Sec
ton available for high class apart
ments.
1t is opposite the new Normal Col
lege, which insures permanent south
light, and will help maintain the pri-
vacy and exclusiveness of the block.
On the corner of Park av. Is the man.
sion of Percy R. Pyne. From this point
to the plot just purchased is an I'M
broken row of private houses, most of
them extensively altered and all of
them owned by their occupants. The
Brixton Construction Company will
erect two apartments on q floor, one
nine rooms and three baths and the
other six rooms and three baths.
The company recently sold its large
apartment house in West 10th st. to
Clarence Payne, of California.
Stoddard & Mark, as attorneys, rep
resent the buyers. The purchase was
parcopailv po0otiataI nv EIl;n,an
of Pease & Gilman.
S. ]. II. Albert has sold for the
Haven Construction Company, Charles
Flaum, president, to Ambrose F. Becker
the two fve-story apartment houses
known as Drake Court and Isham Park
Court, fronting 1875 feet on the south
and Tenth ave.
The sellers acquired the site for
these buildings last March from the
Lawyers Title Insurance Company and
Immediately commenced work on the
erection OF the structures. They are
now completed and nearly fully ten
anted, and were held at $225,000
Hillquit & Levene acted as attorneys
for the buyer. Weschler & Kohn rep
resented the seller.
TIeucIlCh DIOWH mas SOU 70 CndrlcS
Bakal the six-story fiat, on plot 40xl0C.
at % and "a West Tooth ST., 205 feet
west of Central Park West. Mr.. Brown
bought this property last April from
Harriet Cohn.
Louis N. Hartog analytical chemist,
has bought from the NJ. Reichman cs-
tate the fye-story factory building,
on plot 112.9x100, at 1862 to S72 Second
ave. and 301 and 303 East 2ist st., COM
prising the northeast corner Of those
thoroughfares. The property is q
Hamilton Fish leasehold and has fifty
three years more to run. One Of the
stpulations in the lease is that the
Fish estate guarantees to purchase the
building at the termination Of the
term.
The Sterling Realty Company, Inc,
has bought through Duff & Brown AL
East 18th ST., fve-story tenement, on
lot 25x92, near Avenue A.
John J. Sullivan sold to Sadie L.
Horowitz 311 East 136th ST., a four
story dwelling, lot 25xl00, near Alex