New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-29
Theatre Planned for Site
Bought in the Melrose
Section of Bronx.
BUYERS TO IMPROVE
WEST 18TH ST. PLOT
Will Replace Twelve Dwellings
Between Sixth and Seventh Avs.
with Apartment Houses.

Another theatre for The Bronx, with
a seating capacity OF $500 persons,
will result from three-sded deal an
nounced yesterday.
The transaction started with the sale
BY Charles F. Conover and Edith c.
Necroth Of the eight lots, fronting 100
feet on both l6lst and 1921 SITS, To-
Gated III feet east Of Melrose av., and
having a depth Of l65 feet; also OF the
plot, 100xl00, on the south side Of
1920 st, 164 feet west Of Elton av.
The purchaser is the Hsrborn Realty
Company, which gave in exchange the
two five story tventy-family apart
ments at 244O-2444 Valentine av., 100
feet south of lsSth St, on plot l06xl00.
The Harborn Realty Company re-
sold the eight-lot plot extending
through from l6lst 20 1921 st. 70 the
newly formed S37 Washington Avenue
Realty Company for cash. The COM
pany will erect on the site a theatre
and stores. estimated 70 cost sl25,00O.
Ii will have a Venetian roof garden.
The place will be utilized for mo-
ton pictures and will be conducted BY
Ascher's l61st Street Theatre Cor
poration, incorporated at Albany on
Monday, with Sidney Ascher president
and Joseph A. Jacobs treasurer. II
will be run along the lines OF the other
Ascher theatres in the city. The above
transactions we're negotiated by Lau-
ter-Lodes, Inc, and involved totalcof
about 100000.
William Lustgarten & Co., Inc, are
the buyers of the twelve three story
dwellings. each on a lot 25X92, at ll5
20 1877 West 10th St, having a com
bined frontage of 300 feet, reported
recently as having been sold by the
Longstreet estate. IL is the intention
of the purchasers 70 improve the plot
with six story elevator apartment
houses.
This neighborhood peculiarly lends
itself TO the construction OF modern
apartments. West 18th ST., from Fifth
to Seventh av. is fortunately free from
loft and factory buildings. The time
has passed when i, would be advisable
or profitable 10 spoil the residential
character of this street By the cree
ton OF commercial buildings. There
has been a demand for adequate hous-
ing In the Chelsea district, assuring
the success Of this improvement.
Myron W. Robinson, president of the
CreX Carpet Company, represented By
James +. Barry, of KNAPP & Wasson,
purchased from Frederick Brown,
through Charles W. Smith and Max
Blau. 433 TO 439 West 2l2th st. two
five story twenty-five family apartment
houses, on a plot s5xl00 feet, near 10th
av. In part payment Mr. Robinson
gives an estate of twelve acres. with
mansion and outbuildings, on Tesneck
Road and Robinson av., Englewood,
y. j., valued at $4,000 The 2l2th Sc.
houses were held az $4,000.
Other sa.es follow:
BRYANT AY. Daniel H. Jackson has
bought from the Turpod Realty Com
pany, Robert Podgur, president, 1921
to 1929 Bryant av., between Westches-
ter sv. and Aldus ST., three five story
new law houses, on plot l36xlOO feet.
The houses were completed by the SELL
ing company in October, and are rented
at $4,000 per annum. They were held
st $4,000. II was a cash transaction
made by Robert Altman.
BEAUMONT AV.-Kurz G. Uren have
sold for the Isaac Lowenfeld Realty
Corporation 1921 Beaumont av., north
of lS3d St, two story dwelling, on a
plot 50xl00 feet
ST. AIMS AV.-Sharrott & Thorn
have sold for Frederick Tench, Of Terry
& Tench, the plot, l00xl00 feet, at the
southwest corner Of St. AIMS av. and