New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-19
100000 Involved in House
To Be Erected in Upper
Riverside Drive.
BRYANT PARK SITE
FOR TALL BUILDING
Sixteen Story Structure Planned
for Plot Near Republican
Club-Other Sales.

The j. Romaine Brown Company has
sold for the Union Dime Savings Bank
to Jacob Axelrod. president of the West
Side Construction Company, the plot
Of eight lots on the northeast side Of
Riverside Drive. about 800 feet north
of l58th st. The plot measures 21l7
feet in front on the Drive by 128x200x
irregular and is unique in the respect
that 1t is the only plot Of its size on
Riverside Drive that faces south.
Mr.. Axelrod has built many apart
ment houses on Riverside Drive. Among
those that he has put up in recent
years are the Wendolyn. at Tooth ST.;
Terrace Court, at 93d st.; st. Denis, at
92d St, Victoria, at 9th St; Clifden,
at goth ST.; Greyton Court, at l4lst St,
and a new one now under construction
at 149th st.
The plot just sold will be improved
at once by one large building, contain
ing many unique architectural feat
ures. and will be the last word in
apartment house planning. The j. Ro-
maine Brown Company has negotiated
a building and permanent loan for Mr..
Metropolitan Life Insurance Company.
The transaction involved In the neigh
borhood of 100000. The property Just
sold adjoins on the south and east the
large holdings formerly of the estate
Of LOYAL /. Smith, the greater part or
which has been sold for improvement
By the same brokers IN the last two
years.
A sixteen story Office structure IS to
rise at 81 to 81 West 40th ST.. opposite
Bryant Park. II is to be put up by
the newly formed Dolma Realty Com
psny. represented by Clifford Won
Schurman. who. as broker. just sold
the westerly parcel at 81, i8.9xlO0 feet,
for George c. Smith. Of Street & Smith.
The purchaser was reported as Anne
Belt. The adjoining houses involved
in the project are owned by the Banks
estate. and il is understood that that
family will carry on the operation. The
combined site measures 14Xyo.y feet,
adjoining the Republican Club. Ienta-
tive plans have been prepared by I'd
ward y. Necarsulmer, architect. Leddy
& Moore have been awarded the general
contract for the erection Of the build
ing. The operation will repre- ent an
outlay Of about 81 100000.
The Mason Realty Company has pur-
chased from the Halcyon Real Estate
Company. representing the bondholders
of the New York Real Estate Security
Company. the Irving Arms apartment
house, at the north corner OF Riverside
Drive and oath ST. IL is seven story
structure, fronting rs feet on the Drive,
1899 feet on the street and having an
easterly line Of 100 feet. The northeriy
dimensions are irregular. The prop
erty was held by the selling company At
S375.OOO VI. Adler was the broker
Other sales follow:
3STH ST.-William 3. Nay & Co..
have sold 81 East 3sth ST., modern
American basement house. 1879 feet
wide. the lot being $50 feet in depth.
The house was rebuilt a few years ago
after plans Of c. P. II. Gilbert and is
now under lease TO Schuyler Warren.
The seller was the Palmer Realty Com
PAW.
FREMONT AV.-Frederick Brown
has purchased from the widow Of Po-
lice CAPTAIN Foody 3lS fremont av.. n
five story new law fathouse. containing
accommodations for four families on
each floor. The property measures
33.6xi14 feet and adioins on the west
the fremont Baptist Church. at the
junction Of fremont av and l76th st.
LEXINGTON AV.-Dr. Charles W.
Bohlfalk has sold 10 II. Cohen 1907
Lexington av.. a five story fathouse, on
plot 32x55 feet, near SD 81.