New-York tribune., 1916-06-02
Automobile Firm to Erect
Building on Big Site at
54th Street Corner.
UPPER PART MAY BE
USED FOR A HOTEL
Deal Pending for Leasing Floors
Above SaleSroom for Such
Use-Other Sales.

The Ford Motor Company has pur-
chased the property at the northwest
corner Of Broadway and 54th Street
with q frontage Of 129.6& feet on
Broadway and 54.7 feet in 54th Street.
The deal was closed yesterday through
Frank l.. Klingensmith. vice-presi-
dent. treasurer and general manager,
who arrived earlier in the day from
Detroit Joseph P. Day was the broker
in the transaction. Crisp, Randall &
Crisp. attorneys. represented the Ford
Company.
Mr.. Klingensmith said that the
Ford Company bought the property for
an automobile salesroom and origi-
nally intended to erect a three or five
story building for the company's own
use. Negotiations are pending, he
said, between CASTOR Plaintiff. the
Eastern representative of the Ford
Company, who sailed for Sweden two
days AGO. and Thomas d. Green, pro-
prietor Of the Hotel Woodward. at
the 55th Street corner of Broadway,
for erecting a much taller building,
the upper part of which Mr.. Green
wants TO rent as an annex to the hotel.
With the taller building the deal
will represent an investment Of over
$4,000, 600. il is said. The Ford site
was Purchased from the Tyee Realty
Company, who sold the corner prop
ertv. and the McGovern estate. which
disposed Of the adjoining parcel on
Broadway.
Other sales follow:
AUDUBON AV--Frederick Brown
has purchased from Jules J. Peugnet,
executor Of the estate of Elizabeth
Peugnet. the 5-story apartment house
at 1S5 Audubon av., northeast corner OF
I74th street. having frOntages of 63
feet and 100 feet respectively. Inc
structure contains thirty apartments,
with four and five room suites. 1t
is fully rented, and was held at $780,
600.
i22D ST.-Thc Martenbert Realty
CORPORATION (Herbert r. Snyder, presi-
dent), has purchased p West l22d
street, q five-stOry double fat on plot
34x1OO11. from the estate OF Gilbert
Bamberger. through Porter & Co. The
property was held at $4,000 The
BUYERS were represented by Ilmms q
Knoepke. attorneys.
GREENWICH ST4The Duross Com
many has sold for David and Harry
iippman the northwest corner OF
Greenwich and 18th sts., vacant plot
42x65. The purchaser is PhlLlp heho'
manufacturer of bankbOoks, whose fac
tory adjoins. An addition VIII De
erected on the corner site.
2NrL-sTVL' CT IQUpubaum
Strauss & Co. have sold for the Bond
and Mortgage Company the six story
loft building at 3l6 Lafayette ST.
through TO 81 Crosby ST., on lot 25XI9
ELEVENTH AV-L. Tanenbaum
Strauss G. Co. have sold for Mrs. The.
resa Metzger the northeast corner OF
Eleventh av. and 42d ST., five story
tenement. with store, on lot 25.5x7S, TO
Patrick and Peter McManus, tenants.
AUDUBON AV.-The Aldus Con-
struction Company, Jacob ). Kahn,
president, has sold to an investor the
newly completed six story apartment
/. house, with stores, at the southwest
N corner Of 179th ST. and Audubon av
N John n Golding was the broker.
COLUMBUS AV.-Wnston Paul has
bought from Johanna Gunther 10 Co.
lumbus av, three story tenement on
lot 25xlOO The sOutherly half OF the
block was recently purchased by the
Cadillac Motor Company.
MANHATTAN AN.-The Provlden,
Development Company has acquired
from Mary T. Walter lao Manhattan
av.. a three story dwelling, on lot 17x7O
l41ST ST.-The Bond and Mortgage
Company has sold TO Louis Bloch 2O8-
2lO West 14lst ST., a six story apart
ment house known as the lvanhoe, on
plot 5Ox9911. This is one of the prop
critics bid in by the sellers at the recent
auction sale of its holdings.
38TH ST-John J. Meenan sold fol
the Lyman estate 519 TO 523 West 38tt
St, a five story building partly de-
stroyed by fire, on plot 75x100. TO Will
lam II. Callahan, who will erect a fire
proof building.
132D ST.-Alexander Selkin and Da
vid Mintz sold for the p. & W. Holding
Company the four story double fiat,
East 1920 ST.. on lot 25x9911.
WASHINGTON AN.-Kurz < Urer
sold for a client Of L. J. Greenberger tt
Barkin g. Weiss, 217O Washington av.
near 1S2d St, five story fiat, on plo
37.5x129. The purchasers give IN par
payment twenty acres Of land on Bale
Hill, Wilton. Conn.