New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-22
FEWER VACANCIES
IN SIXTH AVENUE
Manufacturing and Whole
sale Trade Houses Nov
ing Into Centre


I the local market like TO call Manhattan,
is ever changing its realty appearance.
Trade and residential needs create new
building demands, and away go. in q
multiplicity Of cases, rows of compare
lively new buildings, TO be replaced by
larger and moro substantial structures.
This is one phase Of realty advance
ment Of the city tina: is usually pleas
ing to the market leaders and many
other persons.
Often, however, the drift Of bust
ness or homes from one part Of the
town to another leaves a vast number
of vacancies in various old centres, and
then values in those old places tumble,
and agents and owners are confronted
with the difficult task of rehlling the
| vacancies and putting properties on
good earning basis again. This is a
feature of realty progress that Is any
thing but pleasing while the process OF
reiuvenation is in effect. Just at pres
ent a score Of realty doctors, or ex-
working as hard as they can TO put the
old Sixth av. department store district
on a higher income basis. They do not
expect to come within even hailing dis
lance of the income power which these
properties had about ten years ago, but
they feel certain they will largely add
TO the productiveness Of the various
parcels. according to the measurements
Of the investor. Last week Manning q
Trunk leased 100000 square feet OF
space to the Duparquet, Huot & Mon
cure Company, the French range con-
Germ, for the last sixty years at as
/ Wooster st.
This was one of the most important
leases negotiated in the week IL IN
volyed the six story, basement and SUB
| basement building at l08 to ia west
22d 81. through to 113 and ll5 west
2lst St, covering a plot of 1880 square
feet. being the westerly end OF the
| former O'Neill- Adams drygoods build
/ ing. occupying the west side OF sixth
ay7. between 21st and 22d SITS. Title
TO the property is held by the onaco
/ Realty Corporation, representing the
Scottish Provident Institution, or SCOT
! land. The terms of the lease IS TWEEN
ty-ore years from February l next, AT
an aggregate rental OF about 92Uv,ooV'
! This is the second lease involving a
! large amount Of space made IN the o,d
| retail centre within the last rn0nlh'
the other being the lease TO the b,Jou
/ Waist Company of the building III 10
I3l West 10Th St.
A Chain of 2S Restaurants
A. the twenty-eighth link in its chain
| Of restaurants, the Exchange bunet
/ CORPORATION secured, through Manning
| a. Trunk. a lease Of the entire ground
/ door and basement OF the twelve story
/ building being erected by the Bruins
wick Realty Company, Robert +. LoDei,
president, on the Gerry leasehold. az
/ the northwest corner OF Madison ave
nue. and Twenty-ninth Street. Inc
! space rented, containing an approx
| mate area Of $4,000 square ieet, VIZ
+ held at $4,000 year. The lease IS lor
a term Of nineteen years, from feoru-
/ ary | next, when the building is sched-
/ uled TO be completed.
/ Still another big transaction las;
/ week was the renting by Marshatl ieI9
( e. Co. OF over 100000 square feet or
/ snace in the Albemarle Building, AT the
northwest corner Of oath st. and Broad
/ way. o
MANY other important rentals were
o,so renorted in the week. Pease &
Gilman leased for the Ritz Realty
| Cornoration, Of which Robert NJ. Catt,,
ia president. the store, basement ana
second floor at 1920 Broadway, the
Southeast corner of Twenty-frst Street.
/ for a term of years TO NJ. II: Rogers
dealer in upholstery goods. The lessee
will take possession on FEBRUARY -
,oi7 Jacob NJ. Schoenfeld represent
cd the lessee as attorney. The Bradlsh
I Johnson Estate is about TO erect a
/ building at the northwest corner OF
/ Twantv.frst Street and Broadway
"The entire neighborhood is erperi
encing a great revival in business pres
,ige." saws q realty expert.
Other leases made last week include :
Store at 954 Park Avenue TO Leon
Weinstock and store al $50 PARK ave
rue 10 Jacob Snyder, both by Pease &
EIIiman: store at 101st Street and CO.
Iumbus Avenue for H. Markowitz TO
the Bright Store and Sunshine Laundry
COMPANY for six years, and store AT
S36 Columbus Avenue for the same
owner to NJ. Wood, Inc, FOR hve years
both by Charles 5. Kohler; large space
on the fourteenth floor IN the ouliulhs
being erected at the northwest corher
of Twenty-eighth Street and fourth
Avenue, to Grossman Goldsteini az
1875 Fifth Avenue, half the thlrteeneen
floor to Oscar Fribourg, space at oii
Broadway to Cohen & Hitler, ana at
81 West Twenty-ninth Street 10 tne
Pickman Company, Inc, all MADE by
Carstein & Linnekin, Inc; ouilol1s a.
Ss5 West Fifty-second Street and the
store at 60 Church Street, to be USED
for hardware business, through Rlce q
Uill and store st the southeast corner
of broadway and Sixty-third Street 70
Tho Peerless Motor Car Company Tor a
term of wears through +. ?. Hume and
Osgood Pell e. Co. -.
Still other leases negotiated last
week were as follows:
Building at 449 Broadway, running
through to % Mercer st, for iohg
term of years, at a total rental Oh
sac 600. to Frank & Bauer by Hell q
Stern. rora
AGRA building, to ". Gelula Co. TOT
term of six years at an aggregate ren'ai
of approximately S6O,OOO.
store and basement at Az 9TH av. 70
George Aronof for term or years oy
tho H. Rosenthal Company Tor the
Wendell estate.
Frat aoor store at SCI 6th ay: to T.
]. Gordon. tailor, by j: Arthur lse"e n
Store, basement and hrst iSto a.
r;srenard st. 70 McElwain. Morse
Pagers for a long term Of years Dy 'he
charles +. Noyes Company.
score az 52I Water st. for Lawrence
l. w" VEL TO Atlantic Fruit Company
and a store in the Masonic BuIiding'
or ~. ord q3d St. 10 the Auto lrucA-
inC Company, both by 'he """'-''
Moves Company. -. ooa To
AI1OuUu Ai'OA 8 n