New-York tribune., 1919-01-11
T federal and
Private Banks
Add to Sites
Government Institution BUYS
on Liberty Street-Brown
Bros. on Beaver Street
New Buildings to Follow
Lcwisohn Buys Again OH
57th St.-High Rentals
attract Realty Buyers

Government and private financial in
tcrests entered the real estate field
yesterday, buying properties to permit
development in the Wall Street district
The Federal Reserve Bank, which
bought last May the entire western
half OF the block bct~ cen Nassau and
William Streets, Maiden Lane and Lib
cr:y Street as site for great big
aNking building, added another parcel
20 that site yesterday, increasing its
control over the block, which seems to
be the ultimate intention of the Fed
eral Bank directors.
bankers. arc forced to make another adj
dition to their building, at the south
cast corner Of Wall and Hanover
Streets. an increase which reflects the
wonderful position of America, and
especially New York, in the finan-
cial world, since the second ad-
dition to the Brown Brothers build
ing. which is in the rear of the
rarcnt structure and on the adjoining
Beaver and Hanover Streets corner,
Has been completed only few months.
The property purchased is on Beaver
Street and next to the new building of
The firm. The property, which is
known as 81 and SO Beaver Street, con-
sists OF two fve-storv business build
ings erected originally for dwelling
purposes back in the days when Wall
Street was more a residential street
than the business place of financial
concerns.
The property was purchased from the
Fmigrant Industrial Savings Bank,
which had to take it over some time
ago to protect it's investment in the
property. The old buildings have no
value to the new owners. They want
only the site. which is 44 feet wide
and 60 feet deep. This will be i'm
proved with building similar to the
one completed for the bankers on the
corner eighteen months ago. This is
three stories high and architecturally
beautiful 1t has been constructed to
permit the lifting of the height of the
building several floors more. The
Douglas Robinson Charles S. Brown
Company represented the buyers, and
Thomas j. O'Reily the sellers. Brown
brothers have now one Of the largest
sites in the Wall Street district. Their
quarters extend from Wall to Beaver
street along the cast side of Han
over Street.
Federal Bank Purchase
he purchase by the Federal Bank
directors was indeed tho big deal of
the day. The transaction affects the
fahys Building. at 20 and 81 Liberty
street, extending through the Block
to % and "a Maiden Lane. It is twelve
stories high and covers site of $3.50
square feet, fronting about so feet on
each street and being about tO5 feet
long. With this purchase the bank has
building plot of $4,000 square feet,
now covered by twenty buildings, only
one besides the Fahys Building being
modern.
There is little more of the block
winch the bank has to buy, as its COM
the. intention of the directors.
Horace S. Ely e. Co. and the Charles
/. Noyes Company negotiated the deal.
Lewisohn Still Buying
Adolph Lcwisohn, who on Tuesday
purchased the properties at 27 and %
Nest Fifty-seventh Street, yesterday
added the adjoining property, the four
tor and basement residence at 81
West Fifty-seventh Street, to his plot
iage, hch now comprises 75xlOO feet.
= site which likely will be improved
"i'h d commercial structure in keeping
with the high grade character of the
business done in this block. The latest
purchase was made through l.. J. Phil
~ W. ii'lit W imam H.. Rose, VINO
T".ucd the property at $500 900 The
building was previously occupied bv
Dunstan S, but is now vacant
elailins Get Control of Block
tlailins. Inc, has secured the owner
snip Of the only property not owned
oy 1t IN the block bounded by Worth,
thomas and Church Streets and West
broadway. 1t comprises the five story
loft building at PIG Church Street,
northwest corner OF Thomas Street,
nd was secured in the Vesey Street
S..lesroom, at the stand Of Joseph P.
"ay. who sold the property for the
state Of Oscar +. Hawley George f.
'ornweH secured it for Claflins. Inc.
for $4,000.
Dwelling Sold Again
Fisher 4 Irving |. Levine have re-
xoid the sour-story dwelling at 1870
west SeNcnty-frst Street, on lot
-fHlo0. making the fifth sale of the
property within q few weeks. The
ne" owner is client Of Brooks e.
Momand.
Tucker Estate Sells House
The j. ". Tucker Estate has sold
i';o East Fifty-ffth Street, three.
tory dwelling, on lot 16x100.8. near
lexington Avenue
Results at Auction