New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-04-12
44th St. Landmark Site for
Large Business
Building.
TELEPHONE co. BUYER
OF BROAD ST. PLOT
Improvement Planned Will Cost
81 100000 - Purchaser for
WadsWorth Az. Block Front.

The Berkeley Lyceum. at 10 70 %
West 44th ST.. on plo; 75xI005. just
west OF 9th sv.. one door east Of the
Harvard Club. has been purchased by
the newly formed Forty-fourth Street
Company. headed by william LETTERS, as
president, from Al Hayman and Henry
Dagian. The purchase also includes
the three dwellings at IS 10 % West
45th st.. 62xlOO.5.
The combined plot will be improved
with a sixteen-story store and Office
building, complying with all the pro-
visions Of the city's zoning plan and in
accordance with the civic movement 10
preserve 5th av. The properties were
bought for about 100000. and with
the proposed building will represent an
investment of about 100000. The
Lvceum. ever since il was built in 1883.
was associated with dramatic arts. It
has also been the headquarters Of the
Political Economy League and the
meeting place Of other economic So
cieties.
The New York Telephone Company
is the buyer Of the block front on the
ives. side Of Broad ST.. between Water
and Pearl SITS, reported sold recently.
At the expiration OF leases on the prop
er,v. which expire May l. 1917, the site
will be improved with ten or twelve
story building to be used for offices
70 relieve the Broad Exchange. The
total operation will involve about
81 900 900 Mckenzie, VOORHEES,
Gmelin have been commissioned 10
draw the plans for the new structure;
r. W. Stemmler, ir., Inc, purchased
from Gertie A. German the BLOCK 'front.'
on the east side OF Wadsworth az, be
tween lsgth and l90th -ts., loOXlOO, for
Improvement with ive-story apartment
houses 10 accommodate seventy-hVe
families. They will contain apartments
Of three. four and I'VE rooms and are
from plans by George Keister. arcnitect'
who tas estimated the cost at 81 to,OOo.
The new operation will represent an IN
yestment o. S225,O00. The financing
OF il has been arranged by William a.
White & Sons.
Commodore A. c. James has made
another protective purchase across
from his residence az PARK av. and
seth St. II involves the four-story
dwelling at 81 East seth st, loro j.
located IS feet west Of Park sv., which
was secured from Maude r. Carr. Com
modore James recently acquired the
Garner house and some months ago the
intervening house at So. He now con-
trolls a corner site, 61.llx63, whicn WI!
most likely be sold to suitable neigh
Dor for a new residence. The adJolh-
ing site at 5O-52 was recently sold BY
Commodore James TO o. L. Dommerieh
for dwelling.
Other sales follow:
lslST ST.-Charles c. Marshall pur-
chased through l.. J. Philips & Co.
from the Wad.worth Building Company
(the estate OF Edward Eafterl, the
northeast corner Of lslst s.. and " ads
worth av.. 25xlO0. which was bought IN
1891 at the Morton Bliss sale with
this purchase Mr.. Marshall owns 10
feet on lsist st. and 100 feet on me
avenue, adjoining the Clark noIdlhgs'
The balance of Mr.. Marshalls properly
is occupied by the department store o.
l. Wertheimer & Co. and me Naege!l
Furniture Company
$3.50 ST. Henry Morgerthau Com
many has sold the Loren, q SIX story
elevator apartment with stores az tAe
southwest corner OF l63d AID Fox sts.'
on plot l00xlO8. in the Hunts Point
section The buyer is Henri r. {. Wat
son, who gave IN part payment the your
four storv American basement dwellings
- nj a
Mo. 77xiOOs. Warren & Skillin and
Harry Aronson were the brokers in
the transaction, which involved over
$500, 900
18TH DR.. George ". Swift has sold
% West 55th ST.. a four story dwelling,
on lot 2OxfO0.5. near Fifth av.
9STH ST.-The Phelan Estates, ". L.
Pbelan. president. sold 20' Fast 9Stn
st. a four story fat, on lot 25xlo0.ll,
near Third az.
MORRIS William l.. Mehyich
ma sold for the Alotto Realities, A. j.
Schwarzler. president. 10 an investo.
the northeast corner Of Morris av. and
l6Sth ST.. six story new law nat, on
plot 40xlOO. one OF d row recently butt
by the selling company. The same
broker leased the structure for the new
owner for a term OF three years.
THIRD AV.-The Benen1on Realty
Company has bought from Julia Moore
7lO Third av., a FIVE story tenement, on
lot 25xs5. about IS fee; south OF +5th 81:
25TH ST.-The julius Friend, Edward
". Levi Company sold fo- Catharine
". Sanford 1870 East 25th ST., three
story dwelling. on lot l5.6xis, near Lex
ingt0n az. .,
I'D ST. Frederick Winant has sold
for the estate Of Marion Cutting 1873
and 435 Yves. 42d St, old bl ldings' on
plot 5Ox1OO.5.
BLEECKER sT.-Crist Herrick
have sold for George Doyle 70 John Il.
Cooper the four story building al 3IO
Blocker ST., on lot PINTO.
9TH ST.-Isaac Hattenbach has sold
for Mrs J. Guillot IA Eas. g7th s.,
five story double fiat. OF lot 27xlOo.
l05TH ST.-DGniel II. Jackson has
bought from Herman Baer l52 West
l05th St. five story and basement nat
on plot 25xl0O.ll. Mrs. L. Covert was
the broker.