New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-10
CORNER PLOT
NEAR PIERS SOLD
Lustgarten Company, the
Purchaser, to Hold Site
for Development.
$50 FEET CLEARWAY
BETWEEN THE DOCKS
Vast Commercial Expansion
Expected in the
Region.

A big purchase in the section where
the city is building record piers was
reported yesterday. The property
which changed hands is the northeast
corner Of 4sth st. and Eleventh av., 100
x100 feet, the buyer being the William
Lustgarten Company (lnc.), which Will
hold the premises for future develop
ment. William A. White & Sons and
A. N Getteman (Inc.) were the brokers
who negotiated the transaction.
The property was under two owner
ships. The two four story fathouses
at 666 and SOS Eleventh av., the corner
parcel, 5OOx10O feet. were owned by I.
Marks and Morris Weinstein, Of Wash
ington, and the two four story fat
houses adjoining at $40 and 672
Eleventh av., also 5Ox1OO feet, were
owned by Mrs. Julia Bachrach. Will
lam A. White & Sons represented Mrs.
Bachrach and A. n. Gettman Nnc.)
Messrs. Wenstein.
The section of which the property
Just sold is a part Is one Of the most
promising as a commercial and fat
house centre in the entire city. The
past, present and probable realty con-
ditions in the district were recently
discussed at length in these columns.
II was then pointed out that there is
now and will be for some years to
come in the section bounded by AID
and 59th SITS, Eighth av. and the North
River an ideal place for the building
Of an extensive factory and iathouse
centre or centres. The section has
every qualification to make it one Of
the greatest and one Of the most val
liable wholesale and shipping zones In
the country, it was further said.
Along its waterfront the city is
building piers 1000 feet long and with
a width between slips Of $50 feet. At
the present time the widest pier slips
on the Manhattan waterfront are 300
feet. These thousand foot long piers
will extend into the North River at
45th and 10th SITS
The 46th st. pier will be $50 feet
wide, or % feet wider than the Chelsea
piers. The pier shed is TO be POO feet
long. being constructed from the pier
proper back over the land for a dis
lance of 200 feet. The shed over the
street part will be used for storage
purposes until there is a demand for
slip longer than 1000 feet This space
will produce revenue 20 the city either
from the steamship companies occupy
ing the piers or from commercial en-
terprises.
Back Of the present bulkhead line is
to be a street 80 feet wide. Easterly
of this marginal street will be new
street over the New York Central
tracks with access TO the second deck of
the piers.
The lower deck Of the piers will be
used for general cargo and the upper
deck for passengers, baggage and such
other uses as the steamship companies
desire TO make of it." says the Dock
Department. THE space below will not
only permit of the four main tracks of
the New York Central, but provision is
made for two additional tracks 10 be
used BY any railroads desiring access
to the new steamship terminal. The
purpose of the Dock Department is that
the territory with the exception of the
through tracks and such access as the
New York Central shall have to the
piers shall be enjoyed by every other
railroad entering New York, entirely If
necessary of the New York Central
lines"
James McCreery e. Co. have acquired
title to the ten story building at IS to
% West 35th St, adjoining on the west
the Both ST. end or their store. Con-
tracts for the purchase of the property
were signed by the drygoods company
two years ago. II was bought from
Louis Steward, who secured it in 1905.
1t fronts IS feet on the street and is
II feet deep. A driveway runs round
the west side and rear of the building.
The property is bought subject to a
mortgage of 100000.
Other sales reported yesterday:
l32D ST.. j. Greenberger has sold FOR J.
W Miller jJi West 1921 st.. a five story triple
nat on lot 2jx99.ll. between Amsterdam az. aud
Old Broadway. The new owner Is az out-0f-toNu
investor. who IS said 10 have paid all cash for
the property.
HOE AV-The Galveston Building Company.
Philip HerschowsH president. has bought from
various owners four lots on The east side Of Hoe
ay between Jennings and lf2d sts. The plot
measures lOOxlO0. and viii 10 improved with
two I've sto-y apartment houses
The site is directly opposite the two twenty ave
family apartments recently completed BY the Gal
weston Company. on the west side Of Hoe az.
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