New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-07
Building Operators Plan
Sixteen Apartments for
Block Purchased.
DEWEY THEATRE, IN
14TH STREET, SOLD
"Big Tim" Sullivan Heirs Lose
Property in Foreclosure Pro-
ceedings-Other Sales.

A block In the Dyckman section was
purchased by building operators who
will improve the site with apartment
houses representing an eXpediture Of
100000.
The transaction has to do with the
block bounded by Dyckman and Acad-
envy SITS, Post and Maggie avs. having
frontages Of 600 feet on each avenue
and $40 feet on each street. The prop
erty has been sold by Samuel Gins
berg as broker for the Empire Trust
Company. which has been asking $780,
900 for 1t. II contains fifty-seven lots.
The purchasers are Harry and Jo-
seph Falk. who have been identified
with several big apartment and loft
operations in various parts Of the city.
They will begin at once the erection
Of eight apartments, each 100 feet front
and $50 feet deep on part of the block
each house containing fifty suites. This
operation will be followed by the
building of eight more houses. the
whole providing accommodations for
500 families, making it among the larg-
est apartment operations ever carried
on in this city. The suites will comprise
three, four and five rooms.
The financing of the project has also
been arranged and the sixteen houses
are to be completed within two years.
The financing of the deal was nego-
tiated by Frederick Southback d AL
wyn Ball. jr.. in connection with Mr..
Ginsberg. The property is but a short
distance from the Dyckman st. subway
station.
The Dewey Theatre property at 1875
to 100 East 14th St. opposite Tammany
Hall, was sold yesterday to Solomon
Schnasi, the tobacco merchant He OBJ
tanned the realty at a foreclosure auc-
ton conducted by Joseph p. Day for
$4,000, or S72. $50 under the amount
of the encumbrance against the thea
tire, amounting to s222,560. Mr.. Schi-
pasi brought suit against Sarah r. Sui.
livan ct al. representing the estate OF
the late "Big Tim" Sullivan, who with
George Kraus developed the property.
Other sales follow:
EAST BROADWAY-Joseph P. Day
sold for the Bond and Mortgage Guar
hDlct OOHUdIN NiAt AUAA FNNAs
basement building, with store, at 256
East Broadway. 23x56.6 feet. The pur.
chasers are Rabbi Jacob Askolsky and
the Rev. Dr.. Phillip Klein, who will oc-
oupy part OF the premises. This is one
of the properties recently offered at
auction for the sellers by Mr.. Day.
NINTH ST.-H. II. Bernhard is re
ported to have purchased from Daniel
Lord. IT,, East 9th ST.. three story
and basement dwelling, on lot 25x92.3
feet, near 5th av. The abutting house
at s East 10th ST. was recently sold by
the Arthur G. Sedgwick estate. The
new owner is said TO be John Chatter
ton.
DYCKMAN ST.-Nehring Brothers
have sold for Catharine Muller and
others the plot, 100x2OO feet, on the
south side of Dyckman ST., through to
Thayer ST., $50 feet west Of Sherman
av., to a builder, who will erect five
story apartment houses.
nth ST.-Harriett Pickford has
purchased from Louis Alterisi 32l East
117th ST., five story fat, on lot 25X
10011 feet, near I'd av.
MORRIS AV.-Walter E. Brown and
Richard Dickson have sold for the ].
W. Cornish Construction Company the
southeast corner of Morris av. and East
nth St. five story apartment, on a
plot 60x95 feet.
105TH ST.-Lewis NJ Thiery has sold
for Mrs. Susan +. Devin the three story
dwelling at 900 West 105th ST., on lot
1S.9x100.11 feet, to a client for occu-
pancy.
1s2D ST-Frederick Zittel & Sons,
with A. ]. Norman, have sold for the
Reliant Leasing Company, NJ. Retzker,
president, 612 West 1920 ST., a FIVE
story fiat, on a plot 50x70 feet, 100 feet
west of st. Nicholas av.
GID ST.-Pease & Gilman have sold
for Mrs. Charles II. Isham the four
story and basement high stoop brown
stone dwelling. on a lot 21x100 feet, at
80 East Odd St, two doors east of Madi-
son av. The buyer will alter the house
into a modern American basement
dwelling, and will occupy it.