New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-26
Structure Former Home OF
Famous Clubs Held at
$i,250,0OO.
SITE AT MADISON AVE.
AND 45TH STREET
August Hcckscher, New Owner
of Hotel Manhattan, Is the
Reported Buyer.

Tiffany Studios, at the southeast cor
rer Of Madison ay. and I0th st., origi-
nally the home Of the Manhattan Atm
lotto Club. was sold yesterday. IL lS
believed that August Heckscher IS the
buver. Mr.. Hcckschcr on the previous
day became the owner OF the Mammal
tan Hotel, two blocks below. Ilhany
Studios is SIX story structure, on q
Mot l25xl00.10. II was built IN 1850 IN
the Renaissance style. with touch OF
famboyant Gothic. The property was
held at $3.50 900, and the selling price
was close 10 this figure. II was the
home Of the Manhattan Athletic Ciuo
until 1892 or 1893, when the CLUB be
came financially embarrassed. II was
eventually rcorganized as the hnlcKet-
booker Athletic Club. That organiza-
ton after few years went out OF eN-
istence. and the property was pur-
chased by the Century Realty Com
nam headed by william II. Chose
brough. 1t sold the property IN 1903
10 the Tiffany Studios, makers OF ART
glass. bronze. tapestry and other nous
iug decorations, who have occupied the
building ever since as their sales ana
show rooms.
II is understood that the sellers have
arranged a short lease with the pur-
chaser for the occupancy OF the oulld,
ing. but eventually II may be expected
that the site will be improved with
tall commercial structure, probably TOT
Office purposes. Frank ID. WELLER, with
lanes l.. Robertson as associate, nego-
tiated the transaction.
The sale price paid for the Hotel
Manhattan is understood to be IN the
oeighborhood Of S3,S50,00O 1t was
Gisposed Of by the heirs Of the j. ).
Rclden estate of Syracuse, \. - ana
client of John W De Saulles, OF the
brokerage firm Of Heckscher DE
Saulles. the estate being represented
in the transaction by the Douglas ROD
inson. Charles s. Brown Company
Mr. Heckscher is completing
twenty-five story Office building on inc
opposite southeast corner OF Madlsoh
av. and i2d ST.. the contract calling tor
all cash and the passing OF tue "lthlh
thirty days. 49, o.,o+o
in 1895 from plans by >; II. hatuen-
bergh. and is a substantial stone S'LuD
ture fifteen stories IN height ana co5
crinq the block front on the west sac
- xad;son ay.. with frontages OF III
loot ON 43d ST. and l2l feet on 4zd 81.
In addition TO this. the sale 70 Mr.
i{ocLscber includes the two four-story
b,,iIdirqe on plot 4SXl00.5 at 10 ana Is
Faet 49d st. giving the hotel properly
a frontace Of 165 feet o. that street
IT. ontiro property is held under
Loo nv the Hawks & Weatnerpee
Cornanv. which expires next Nooein-
49, a. an annual rental OF S239,Ooo.
Other sales follow: ,.,.. ~
10TH ST. The five story mouse ~
los East 10th 81. has been SOFA py 'u I
dotsto of Walter W Adams. :. II.
Ada,,e executor. The house IS on a a
iot i6ylo0.5 and adjoins the ROBERT .
Rrawster home. at the southeast coz
- 81 PARK av. II was acquired oy
tbe sellers in 1902 from the late
Charles r. Barney. 1911 . bo
ran ST. Louis v. Josephthal IS tne
buver of tho dwelling at East o9tn -
ronorted disposed Of IN YESTERDAY
Tribune for the Barney estate. IN par
navment Mr.. Josephthal gave MS resi-
dence AZ 26 East 73d ST., iive story
dwelling on lot 211x797, adjoining o.
Tamos's Lutheran Church, at the south,
ves, corner Of Madison av. lie MAJ
owned this house since 1907.
UNIVERSITY PLACE. The Seamen
Rank for Savings has disposed OF TWO
nroncrties taken over last year OF
mortgage judgments. The three story
brildirg al 90-92 University Place has
hem sold 10 the 90 University Place
Cornoration. formed at Albany on
Wednesday with a capital OF S5,OOO ana
tho following directors: Frank A. Gar
lin Walter f. Schiel and Edward ).
Griffin. The property measures oo'4H
6s6 and adioirs the southwest corner
of 10Th 81 The other sale involves -
AIbany St. three story lott building
on Iot Is sx5S. between Washington and
We, ste Another recent deal by the
ssn,o institution affected the damaged
building = 6S-72 Wooster St. sold TO
an unnamed buyer for improvement
fO4TW ST. SlaWson & Hobbs nave
sold for Clara Brown 3l5 West lO4th
81. four story high stoop dwelling on
lot 2OxiOO1t feet. TO client for oc-
FIFTY FIRST ST.--The estate of Lii
liam < GILLESPIE has sold the two story
nrivate stable at ll9 West DIST St, on
a lot 2Oxl00.5 feet. between 9th and ith
avs. The Gillespies had owned the
property since 1891.
10th ST. The J. ". Cornish Con-
struction Company has resold the four
story fiat al $50 East 18TH ST., on
Mot 32xS5 feet. 20 Antonio Borelll.
Rrooker & Schneider were the brokers.
This house and 24ll Bathgate ay were
taken i'm part payment by the Cornish
company for the apartment house AT
1sq2 Morris av.. reported sold recently.
MATILDA ST-Julius Levine solo
70 a client Of F. ". Eggegt 1899 Matilda
- roo starry dwelling.