The sun., 1919-06-07
PENN. ZONE DEALS
INVOLVE MILLIONS
Krim Realty Co. Acquires
Many Properties in Vicinity
of Terminal.
WILL CONSTRUCT ARCADE
Garage Builders Buy Houston
Street Corner. Plot From
Trinity Corp.

Renewal of activities in the vicinity
OF the Pennsylvania Terminal was re-
yealsd yesterday In the announcement Of
a series of leasing and buying trans
actions involving several million dollars.
These transactions, which will pave the
way for important building operations,
revived the hopes of those who for
many years have maintained that the
section surrounding the huge terminal
building would some day become the
scene OF an unprecedented realty boom.
One immediate result OF the recent
deals will be the erection of an arcade
building running through from Thirty
third to Thirty-fourth street Just oppo-
site the Hotel Pennsylvania. This
project will be undertaken by the Krim
Realty Company, which controls the
Hanover Lunch Company. AS the site
for this structure Morris Krim. presi-
dent of the Krim Realty Company,
leased from the Smith estate through
Henry Brady the group of old tene-
ments at 143 to 1853 West Thirty-thlrd
street, 100x100, and 146 to $50 West
Thirty-fourth street, 51x1o0, with an
option to purchase at $685., 900; also
through Henry M. WE'LL the adjoining
house at 141 West Thirty-third street.
The aggregate rental for the properties
Is to be about 100000.
The new building will be a three story
store and office structure conforming in
its general appearance with the exte-
rlor of the Pennsylvania Terminal. The
building will have an arcade lined with
stores running from street to street.
Eventually this Improvement will give
way to big hotel II the present plans
OF Mr. krim materialize.
Other important activities are re-
ported by Henry M. WE'LL who esti-
mates that the transactions he has COM.
plcted In the vicinity recently aggregate
more than $1,000, 600. Adjoining the
above properties on Thirty-fourth Street,
the krim Realty Company has obtained
through this broker an option on the
seven story loft building at 152 and 1854,
which will be included ip the plan of
improvements
Mr.. WE'LL also has leased for the
County Holding Company TO the Krim
interests 205 and 207 West Thirty-third
street and the AUDITING parcel at 422
Seventh avenue. The Krim Company
owns 420 Seventh avenue and viii i'm
prove the combined parcels with a bust
ness building. plans for which now are
being prepared
To the same firm Mr.. WE'LL leased for
the Diamond estate the business build
ing at 2o9 and 211 West Thirty
third street. 4oxl00. 1t Is understood
that the abutting plot at 202 and 21s
West Thirty-fourth street has been taken
under option through Crosby & Biimly
and the combined properties are to be
improved with theatre. e+.
The same broker has also arranged
the following transactions in the same
vicinity: -
For the Schultz Realty Company to
Joseph Stern and Louis Brigham the
northwest corner OF Seventh avenue and
Thirty fourth street, four story build
ing which the lessees will alter for their
business; to William Lynn of Philadel-
phia. for Mrs. William Hurss of Pasa-
dena. Cal, the four story building at
ass Seventh avenue, near Thirty-fourth
street; for NJ. and l.. Ernst the six
story hotel at 159 West Thirty-fourth
street to Robert Mantel, and for the
Pullman Lunch 10 Robert Mantei the
upper part of 431 Seventh avenue.
Further south Mr.. Weiit has leased the
two five story buildings, -5Ox1Oo, at 44s
and 451 West Sixteenth street, for a
term of twenty-one years with renewals.
TO Vincent MCGUIRE, who will make ex-
tensiVe altRrdtiDns