New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
Owners Of Skyscraper on
Western Union Site
the Buyers.
PLANNED
FOR PARK AV. PLOT
New England Investors Get
Parcel at 55th Street Cor
ner-Other Sales.

The Mail and Express b"lln'"b' ~
203 Broadway and the small building
adjoining at POI Broadway ~ 20 D.
taken over by the 1876 Broadway Coo
poration, representing interest iaen-
tifed with the American Telephone ana
Telegraph Company.
+. H. Bethel, first yico-president OF
the corporation, announced yestera"f
that the corporation had decided 20
purchase the property now, wnen the
price asked was considered satisfac-
tory. The buildings are owned oy
Colonel Shepard, who has been holding
them for sum between $2.O00,00O and
s2.5OO,OOO. The Evening Mall oc-
cupies several floors under lease IN the
Mail and Express Building. Il is not
tho intention Of the buyers az this
time to make any changes or altefd-
tons IN the buildings. The purchase
was made TO provide protecton' espe
cially in the matter Of light and AR,
for the rev building now nearing COM
nletion on the site Of the old western
Union Building at Broadway and Dey
Street and for an addition 20 the new
structure at any future time. Douglas
Robinson, Charles S Brown Company
represented the corporation IN obtain
ing the option, which 10 expected 70
be exercised in a few days.
Foreclosure proceedings affecting me
large property at the southeast corner
of Park az. and 55th ST., known as 49,
10 Alb Park az. and 100 to los East 55ti
St against the Park Avenue and 30tn
Street Corporation, Irving Swan Brown
president. have been settled. George h.
Cloughlan announced yesterday tha-
the property has been sold az private
contract. for cash, 20 syndicate OF
New England investors, who intend 90
erect a thirteen story apartment house.
to be ready for occupancy October /.
1917. The property was 20 have been
auctioned yesterday by Joseph +. Day.
subject 20 a first mortgage OF S265,oDO,
plus S2.477 Of interest and taxes.
Charles T. Noyes Company has solf
for Aldus Construction Company 20
James J. Riordan. 357-359 West ODD g.
between Eighth and Ninth avs. plot
5Ox9s.e. Mr.. Riordan will Immediately
demolish the old buildings on the p.ot
and from plans Of James 5. Maher con
struct a modern six story apartment
house. Mclaughlin & Stern repre-
scented the sellers, and Whaley. Walker
G. Fay represented Mr.. Riordan IN the
purchase.
Other sales follow:
18TH ST.-The Mason Realty Com
pany bought from the 557 Fifth Ave
rue Corporation Benjamin Mordecai.
PRESIDENT the twelve story Office and
salesroom building at 100 East 18th ST.,
on LOT 25x92 feet. adjoining on the
east the low addition OF the Pocomo
Building at Fourth av. Leopold Veil
was the broker. and Stoddard Marx
as attorneys represented the sellers.
The property was held at $4,000 and
was taken over by The selling inter-
csts last month from Charles +. john
son in part payment for the business
building at $50 Fifth av
HOOVER AV. Thomas Ward is re-
ported 10 have sold the plot Of four
lots M the southeast corner Of Haven
ay and 10th st. The property fronts
1898 feet on the avenue and ll0ll
feet on the street, with easterly and
southerly lines of 100 and S4.2 feet.
respectively.
75TH Sf.-Slawson 6 Hobbs have
sold for Nrs. T. T. Sanford 30 West
10Th St.. n three story dwelling, on lot
2Oxl022 fect. to a client for occupancy.
bath ST.-Cahn & Pittman have
sold the four story tiathouse. on lot
25xlOO feet. az 623 East l34th 81. %
Frederick Demmler who gave in part
payment farm Of nineteen and one
half acres. with dwelling and outbuild-
ings, at Crawford. y. J.
10TH ST.-Cahn & Pittman have
purchased from Timothy +. Sullivan
40 and Az East 10th St. two three
story frame houses, on plot 32.6XlOO2
feet. near Webster az. A. J. Madden
was the broker.
18TH ST. Freidus & Co. have sold
for +. l. Ferris 400 East 18th ST.,
five story single lathouse. on lot lexlOO
feet. TO the Maple Construction Com
pany. The property was taken IN part
payment for the two SIX story apart
ment houses at SOP 10 5l2 West l3Oth
ST.. l00xlO0 feet, recorded yesterday.
u5TH ST.-Sharp e. Co. have resoid
for the Gem Realty Company 70 East
i15th ST., five story hathouse. on lot
25xl00ll feet. TO +. l.. Saywoot, rep
resented by r. RI. Kramer. attorney
aud have resold IL to an investor.
CRESTON Az. Charles Friz has
bought from the Henry f. A. WOLF
Building Company 23Si Creston av.,
five story new law hathouse, on plot
42x12s feet.
FIFTH Az Louis Young has sold
q 10 Fifth av.. a five story hathouso, on
lot 2411x99 feet, 10 Thomas Concannon.
The property was given in part pay
ment for 1865 Southern Boulevard. re-
ported sold Tuesday. The brokers
we're Arnold. Byrne & Baumann and
Eugene J. Busher.
TINPSON PLACE. Robert A. Cheese
brough has sold two parcels in the East
Bronx TO the Richard Cervel Company
Edward Freedman. treasurer. one
property comprises a plot Of 695e2
square feet. with - frontage Of 800
ieet on Timpscn Place. opposite A..
St John, and extending eastwardly 200
feet to Austin Place. where II fronts
29,5l0 feet Il also measures 5.ill feet
on Whitlock av The other parcel has
4 frontage of 30,6ll feet on the cast
side of Whtlock av.. extending ga feet
20 the property of the New York, New
Haven & Hartford Railroad. The
properties we're owned by the seller
for about thirt.' years. and this deaf
completes the sale Of tract or '..
ocroa ,-L oh ~ eoliors formtr.r