New-York tribune., 1916-02-11
Ink to First Contract Is
Hardly Dry When Loft
Is Again Sold.
VIM. ZIEGLER BUYS
40TH ST. APARTMENT
Fourth House He Has Bought
Within Year, Representing
S5,000,000 Investment.

Tho upper Fifth av. retail section,
which has been the centre Of sensa-
tional trading for some months, fur
nished another interesting transaction
yesterday. Hardly had the ink become
dry on contract making c. Grayson
Martin the owner Of the six story store
and loft building at so Fifth av. than
another deal was completed for the
sale Of the property TO a client Of
Albert b. Ashforth for investment The
property is reported to have been re-
sold for many thousands Of dollars
more than Mr Martin paid for ~.
The building is located between 4oth
and 47th sts., I'm close proximity 20 the
Delmonico realty at the northeast cor
ncr of Fifth av. and 44th ST., which was
sold earlier in the week 10 interests
with which Michael Dreicer is identi-
fed. The property was sold by Clark
r. Chambers to Mr. Martin for the
United States Trust Company, as
trustee for the estate OF Byram X.
Stevens, for q reported figure IN the
neighborhood of 100000 Mr. Ash
forth represented the buyer of the
parcel from Mr Martin.
The building covers lot 20.SXlO0
feet. and is directly opposite the
Windsor Arcade and the ". g. J.
Sloane building, and adJoins the
former Euclid Building, now entirely
occupied by J. NJ. Giddings Co.
William Xiegler yesterday made his
/. an "a r
within q year. These houses represent
"a value Of between S4000000 and s5,-
100000. His three other purchases are
corner houses in upper Park av. The
latest parcel bought by him is new
nine story apartment at lO4 to llU
East 10th st., occupying plot lOOXlOO
feet and valued at 100000. The sale
was made by Jesse c. Bennett and ).
Curry Watson. IN conjunction with
Arnold. Byrnc & Baumann. The house
is fully rented and was built b. Fergu-
SON Bros. g. Folshay, builders, from
whom Z.cgler bought the property.
Tho four story dwelling at II West
51th ST., on q lot 25XlO0 feet, has been
sold by Edward Allen WicKs 20 Henri
Bcndel The property has Deen heId
?. S250,000. Frank ID. heiiier was the
broker The purchaser, who la az tne
head u one of the largest speciality
houses iu this country dealing IN
womeu's wear and novelties, occupies
tho ten story adjoining structure
ssh ch was leased by him through the
same broker In 1912 from Michael
Dreicer, who recently sold the realty
Is an investment 20 AdOiph Lcwisohn.
The Iux0nia, q twelve story apart
mcnt house az BOB 20 3O7 West I'D ST.,
between Riverside Drive and West End
ay.. one block south Of the {. NJ.
Schwab home. has been sold By Pater-
no Bros. and \. Campagna 20 an IN
vestor, who viii in all probability take
title M the name Of realty company.
The property, which covers plot
sOxs42, was held at S550000. 1t was
improved about two years ago from
plans hy Gaetauo Ajcllo, and contains
thirty-six suites, all Of which are oc-
cupied.
other sales follow:
162D ST L. J. Phillips & Co have
sold 10 a client Of Henry VI. Moeller
for James +. Hopkins the three story
and basement dwelling at 562 West
1G2d ST.. on lot l9x99.ll. adjoining the
southeast corner Of Broadway. The
purchaser viii occupy after alterations
are made
BROOME ST The Lawyers Mort
gage Company has sold 20 a client OF
Jacob Finkelstcin 3lS Broome St., a
four story loft and store building, on
lot 22.7xlGO. The buyer Will occupy
for his business.
CLINTON AV.-The Lawyers Mort
gage Company has sold through Clen-
ent II Smith 1870 Clinton ay., twc
story frame house. on lot l6.SXl0O.
u4TH ST. -O'Reilly q Dahn have
rcsold Tor Agne. Farrell 237 East ll4th
st.. "a five story flat. on lot 25XlOO. The
seller acquired the property last De-
cenbcr from Ennis & Sirnott
CRONTONA Az. Kurz & Oren have
sold for client 20 Lowenfeld < Pra-
ger 2l5i Crotoua av., five story ne"
law house, on plot f0xlOO. between
lslst and 1S2d sts.; also l3O Garden
ST.. five story fiat, on plot oOXloO'
near the Southern Boulevard. In part
payment the buyers gave 436 East
I47th st.. five story fiat. on lot 25slOO'
near st. AIMS av., and the plot, 5OXlOO,
on the south side Of l4lst St, 225 feet
east Of Lcnox av.
SEAMAN AV.- Frederick Brown IS
the buyer of 72 and 81 Seaman av., two
new five story apartment houses, the
sale of which By the Seaman Construc-
tion Company IT. G.. GalardI and Max
Jus) was recently reported. In ex-
change Mr.. Brown gave the plot
26sxlO0. on the west side Of Valentine
av.. 100 feet north Of 196th st. The
new owner will improve the site with
APARTMENTS. s. Osgood Pell & Co. we're
.bc hrokers in the deal