New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-02
Structure Opposite Ritz
Carlton in Trade for
Broadway Corner.
BUYERS TO IMPROVE
EAST 32D ST. PLOT
Plan Twelve Story Commercial
Building for Site Near Fourth
Avcnue-Other Sales.

One OF the largest real estate trans
actions this year. involving two cen
trally located properties representing
values aegregatine nearly 5000 900 was
announced yesterday by Douglas L.
Gilman & co. Through this firm Liv-
ingston Phelps has purchased the
modern eight story store, loft and Office
building AZ II and II East .6th 81. on
plot 5OxlOo feet. opposite the Ritz
Carlton Hotel between Fifth and Madi-
son avs. This building was recently
completed b. Robert w. Cats. presi-
dent of the Ritz Realty Company, and
said to be nearly 100 per cent rented.
In part payment ,ir. Phelps gave the
southeast corner Of Broadway and 2lst
ST.. the former site OF PurselVs bakery
aud restaurant, comprising plot 96x
73.4 feet This property was owned
By the Pursell family for many years.
Nr. Cats will Immediately improve the
site with a modern building
4 vacant plot. 66.4xgS.9xl0o feet, a.
1: to 80 East sd ST.. directly opposite
the Park Avenue Hotel. valued at 500
600. has been purchased by the Hasco
building Company lLorne A. Scott,
PRESIDENT from the Mesick estate for
the site OF twelve story loft building.
TO cost $4,000. Ilans for the struct-
ure. which Will be ready for tenants
by December. are being prepared By
Walter Raefeli, who recently com
pleted plans for the Hasco company
for d sixteen story loft building a
the northwest corner of Park av, and
18th st. Francis h. Robert was the
broker IN the latest transaction.
Other sales follow:
CROTONA Lowenfeld { Prayer
have sold 2l5! Crotona av.. a i've story
new law fiat. on plot i0Xl0O, between
1Slst and 1921 SIS In exchange tn
new owner gave the plot of fourteen
and one-half lots comprising the block
front on the west side OF sherman
av.. from l65th 10 l66th SITS. The front
aye on the avenue is $50 feet and or
each street 100 feet. Joseph A. Black
ner negotiated the transaction.
SGD ST-Ames & 20. have sold for
William H. Eagleston 1872 West 32d ST..
a four story building. on lot 2OX66.s'
about 1865 feet east Of Seventh ay. Mr.
Eagleston acquired the parcel last No
vember for $4,000. at foreclosure sale
conducted by Henry Brady. Ames
Co. will be the agents.
BECK ST. The Isaac Lowenfeld
Realty Corporation has purchased the
five story new law house at $50 Beck
ST. The property measures 54Xl25 and
-ot+hWosf gnrnar ~ Loo
gett AZ.
WILKINS Az. Frank Starkman has
sold to Henry Greenspan 1868 wilkins
av., a FIVE story fat. on plot 50xl0O.
: near Crotona Park. East. The brokers
were Samuel Grossman, l.. Tarnospo-
lsky and A. Kibsbaum.
list ST. Slawson & Hobbs have
sold for the estate OF Jane Van Clief
2l6 West fist St, a three story high
stoop dwelling, isx55Xl02.2, near
Broadway. The seller acquired tho
property in 1891
i27TH ST. Charles W Smith and
Max Blnu have rcsold for Leopold
Trier 227-229 East Firth St, five
story fourteen-rOom tenement, OF plot
30x99.ll. near Third az. The seller ac-
qured the house in a trade with II. \.
Sandsman last March involving the
property at 5lO-5l2 West 18th st.
173D ST. The Wolf Bread Company,
Lois Wolf president. which now con
trolls a plant on the south side o. East
l73d st.. between Washington and Park
avs. has acquired through Fred Open
hcimer an adjoining plot Of 50xlOO feet
to the west Of its present structure,
which gives the concern plot l00xl0c.
The last parcel will be improved with
two story bakery.
WASHINGTON Az. Paul w. Rines
has sold for client the vacant lot,
25xs9. on tho east side OF Washington
az. % feet south Of ls5th ST. The
buyer will erect a taxpayer