davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-11-16
Battery Park
Block Front
In Realty Deal
Searles Estate Parts With
Long-Held Property in
Battery Place; Building
Improvement Is Likely

The block front on Battery Place,
from Greenwich to Washington Street,
owned for many years by the Searles
estate, has been sold. A man whose
office is in Wall Street Is the buyer, or
represents the buyer Of the realty,
which Ia covered with group Of build
ngs which were there long before
Jenny Lind made her debut at Castle
Garden. They were there when Gen
oral George B. Mcclellan built the sea-
wall around tho Battery inclosing
Castle Garden, which had until then
ocen connected with the shore by q
bridge.
What the future has In store for the
block was not to be learned yesterday.
Purchase Of the property at the price
which the Searles folks were asking
for it would demand the improvement
of the income from the realty which
could be done only by erecting a tall
building on the site. 1t is an ideal
location for an Office building, facing
Battery Park and New York Bay. Extra
height could be claimed, since the
structure would face park.
The blocks on each side Of the site
are improved with business buildings
The Washington Building covers the
block from Broadway to Greenwich
Street and the stretch from Washing
ton to West Street is the site of tna
twenty and thirty two story Whitehall
Building, the first of New Yorks tall
buildings to be seen by ocean voyagers
coming up the bay.
The site sold by the Searles fronts
144.2 feet on Battery Place, 1869 feet
on Greenwich Street and 11O feet or
Washington Street. The property is
covered by ten buildings three and
four stories high.
1t may be interesting to note that
the Washington Building, at Broadway
and Battery Place, was started as ar
apartment house, the opinion being
that Wall Street men would like te
be close to their offices. Before the
construction work had advanced very
Tar the owners had change of mind
and the building was erected for tn.
purpose of housing traders.
New-York tribune., 1919-11-16
Vast Working Space Provided on Twelve
Floors - Three Topmost Will BE DE.
voted to Comfort, Health and Recrea.
ton of $500 Bank Employees i

one time. The restaurant Will fBcc eut
on a logia about i5O feet above N.
stree. level. Within the columns -
'4foot promenade 500 feet long. sur
rounding the entire floor. The four
teenth floor will houae the mems din
ing room. 1t will seat 5000 diners In
three shifts. The ffteenth floor will
be the recreation space FOR tn. men.
The hospital also will he IN this yar<
Of the building
The new Federal Reserve Bank will
be 1921 feet wide on Nassau Street.
365 feet on Liberty Street snd 2s9 feet
on Maiden Lane. Unocr the cornlce ~
tho base Of the third floor y III be cleo
tric lights which viii reflect down or
base of granite and mark the building
as one Of the sights of do~nto~n New
York ~ night In fhe day the roo.
which viii be Of colorcd Tile. viii be
one Of the bright spot in the forest y
tall buildings.
Wouldn't Kill Project
Purchase of tho site Was made b.
the bank through Horace 8. Ely & c.
It was delicate undertaking. "a man.
interests had 20 be dealt with. Th~
contrac. made By the Federal Reserve
Bank was such that a hoid-up would
mean the end of the project. 30 far a.
that block ~ss concerned. Tho bank
made a conditional contract for esch
Niece purchased. The condition being
thai unless It could secure al me prop
erty needed 1t would take none.
One Of INC parcels came up for ssls
in the auction market I. could rot be
otherwise, as certain legal entangls-
ments had TO be cleared sud there var
only one way to do 'his, and that ~ss
by public auction. a professional resi
estate man knew o. tho auction ard
also that the Federal Reserve Rams
wanted il. had he bought 1t ana d.
mandca his price Il would have mcati
.hat tho Federal Reserve Bank would
have toased over tho entire transac-
tion and sought Z block somcwhere
else. But tho trader WINS rot In the
market 20 kin dcnis. so Ne et the eair
20 without Offering bid He IL under
stood 20 De shc ou'y professional vhe
knew Of fhe circumstance sarroand
ing the deal.
Transactions we're opea and shove
board so far as the o1 ncrs n tho hlocx
were corccrned. Evcfv ono knew whas
his neighbor was beng paid for hi~
realty. 1t was tho only way q could
havo been put over.
New-York tribune., 1919-11-16
Chain Store Experts Join
Schultz Organization
Nichols and Barnaby, of ]. p,
Day Office. Elected Vice~Presi-
dents of CHAR COmnany

Charles Nichols jr. and Kenneth T.
Barnaby, for number of years asso-
ciated with Joseph P. Day in his chain
stores department, have been elected
vice presidents of the Schultz Cigar
Company.
They were rendered a banquet by Mr.
Day and his executive staff last night.
Mr.. Day remarked that the Schultz
energetic men, and it was with great
regret that he bade boodby.
The chain stores department Of the
Day organization, will be managed by
Ira A. Lurie, who WAS associated with
the Day organization for ten years.
New-York tribune., 1919-11-16
Quick Resale of Harlem Corner

James II. Cruikshank has resold to
Isaac l.. Bropp the northeast corner Of
l1Sth Street and Second Avenue, a five
story fat, on plot 27x80. Louis Rapa-
port was the broker. Mr.. Cruikshank
bought the property on Friday.
Shaw & Co. have sold for the Iawmor
Realty Company, Inc, to q client Of
Herbert Aldhous, 1873 West 131st Street,
a three-story and basement dwelling, on
lot 16.4x99.11.
Samuel Cowen has sold 63 East 12oth
Street, four story dwelling, on lot
1Sx10O. The new owner expects to oc-
cupy name.
Barnet Greenbere. through Mulvihill
& Co., has sold to Eva Spicr the four
story single fiat at 362 East 121st
Street
New-York tribune., 1919-11-16
Lunch Company
Rents Apartment
To Obtain Store
viii Pa, SfOO.O00 Rent for
House at Broadway and
32d Street: Crouud Floor
L. All Ii Wants

Harvey Woomer and Frederick Z,.el
& Sons have lcnsed for Hsrton Caapin
,he five story apartment. house wlit
stores at tho sonth"ast corncr ~
Broadway and Eighty second street. OF
plot SexlIo. TO the 81. frane.s CorpsF
alton for twenty years The aggre.
gate rental Is s4eoo 600 tsiensiss
alterations will be made 81 oncc or fhs
property. changing 'he uppcr floors nfc
small apartments. I ae ground foos
viii bc occupied by the -. Francis
Lunch.
Mr.. Rloomer has leased tho three
story building at 32e West iet;h
Street TO The Grand Rapids Furniture
Co. for a terra of years AZ an aggregate
rental Of $500 900. Tho building viii
be altered for the occupation OF a
branch of the well known nangfac-
tlrsrs.
New-York tribune., 1919-11-16

nected with the various Liberty Loan
drives which the Federal Bank has
stored in buildings on the block.
The proposed structure is nothing
more than q loft. At least tho bank
directors said loft building was what
they wanted, since the purpose Of the
structure was to be service Of the high
est order. They also explained that
the structure would have to be digni-
fed, as no sensational type Of building
would be entertained by the bank.
The building which will be erected
is Florentine in feeling, adapted to
American ideas and the peculiarlties
of the downtown business district. The
designs submitted by York & Sawyer
were accepted as providing the kind
of servieeable, dignified loft build
ing which the directors wanted, and
now the builders are awaiting the
word to rip and tear away tho old
landmarks which have encumbered the
block for years and years.
Two Years to Build
It is estimated that it will take at
least two years to put up the build
ing. In the mean time real estate men
will have capitalized the advantages
which may be expected to accrue to the
property facing the semi governmental
institution, the bank for banks and the
headquarters Of the greatest financial
department in the country. When the
building has been completed the char
acter Of the surrounding streets will
be materially changed. This is con-
servatlve prediction, as Wall Street is
crowded and financial concerns are
forced to seek other space. It Is only
natural to suppose that the Federal
Reserve institution, the most power
full Of financial institutions, will be
the center Of financial settlement
which will spread south to join with the
long established financial center Of the
city.
Not only will the character of the
tenantry be different, but the dimen-
slons Of the streets surrounding the
building are to be changed. Ten feet
New-York tribune., 1919-11-16
Fulton Street Block Front
Bought for Thealer Site
Show House, With Seating Ga.
pacity of $500, 10 BE Built
Bet. Pine and Crescent Sis.

Chauncey G. Cozne, Brooklyn build
er. has purchased the block on Fulton
Street, from Crescent to Pine Street,
on which he will erect theatcr hay
inc a seating capacity Of about 500.
The front viii be Of an elaborate, at
tractive design Of limestone and tap
rs " brick. Tho entrance will be at
Fulton and Crescent streets. The house
VIII be arranged with one balcony
with loggias across the front.
Tho cost of the operation is csti-
mated at 100000, and it is expected
The house viii DC finished and ready
for opening by September next year.
Plans arc now being prepared by r.
Thomas Short, architect.
New-York tribune., 1919-11-16
eatest Banking House in the World Planned for New York Federal
Reserve Bank, Occupy Nearly Whole Block Financial Di
Plans of York & Sawyer, Selected in
Competition, Call for Fifteen Story
Structure, Which Will Cost Upward of
$lO,OO0,OOO to Build

The building which the directors of
the Federal Reserve Bank plan to build
on the Nassau Street block which they
purchased will be the largest exclusive
banking quarters in the world. Great
as the National City Bank Building is,
the old Custom House, with few
stories added to the top, perhaps the
largest banking building in the coun-
try, 1t will not compare with the lofty
and spacious structure which is to be
the headquarters Of the Federal Re-
serve institution for this district.
The structure is to be fifteen stories
high and will cover the block between
Nassau and William Streets, Maiden
Lane and Liberty Street. with the ex-
ception of small parcel at the Will
lam Street end Of the site, which
is held by a group Of real estate opera
tors at g price which would give them
perhaps 100000 profit on their invest
ment, good deal moro than the bank
directors are willing to pay for the
realty.
Plans accepted By the Federal Re-
serve Board call for a building con-
tanning 462,o79 square feet Of space,
which is equivalent to about twelve
acres, an area one and half times
that Of City Hall Park.
Cost Hard to Figure
What 1t will cost cannot be said
definitely, since building costs and labor
conditions are so changeable that esti-
matters can estimate only for the mo-
ment. It. is known that the site has
cost the bank more than s4,740,850.
In the absence Of definite cost figures
estimates are good for little. Some
builders believe 1t will cost 100000
10 erect the building exclusive Of the
money put into the purchase of the
site. There are many who say that this
estimate is low and would add another
S5,000,000 to the figure. 1t will be an
other year perhaps before construction
work will be started. 1t may be longer,
for the bank will have to get rid of
leases and remove a lot of records con-
New-York tribune., 1919-11-16
Broker Buys $4,000
Home in Nlonsclai,

Frederick Lovejoy has sold the rev
residence on South Mountain Avenue
and Union Street, Montclair, n. j., the
purchaser being member of Il New
York brokerage firm. The residence is
Of Colonial architecture, designed by
W. Leslie Walker, and is Of brick con-
structlon with limestone trimmings 1t
contains fourteen rooms, five bath
rooms, billiard room and solarium. and
is surrounded by plot Of about one
acre in extent
The property. which was held at
$4,000, was sold through the Offices Of
f. NJ. Crawley e. Bros, of Montclair
New-York tribune., 1919-11-16
Aihelcroft, Hyde Country
Place at Greenwich. Is Sold

Douglas L. Gilman & Co., through
their country department, have sold for
Mrs. Clarence Nj. Hyde her country es-
tate at Greenwich, Conn, known as
Athelcroft. 1t is on Old Church Road
and Fairfield Avenue, and opposite the
grounds of the Greenwich Country
Cub. The residence is large build
ing of Colonial style suited to the
oroa! lawns surrounding it. There are
garage, large stable, gardeners cot
toge, greenhouse and COW stable The
grounds cover approximately twelve
acres. The property was held at Sl5o,-
600. The purchaser withhoids his
name for the present.
New-York tribune., 1919-11-16
New Jersey Family Buys
House ON Murray Hill
Takes Miller Dwelling ON Park
Avenue, Near 36th Street,
For City Home

Albert B. Ashworth has sold for Miss
Adele Miller, 80 Park Avenue, adjoin-
ing the southeast corner of Thirty
sixth Street, tive-story American
basement dwelling, 1876 feet midc. to
a prominent New Jersey family. The
same brokers recently disposed Of ia
East Thirty-sixth Street for the w
K. II. Martin estate.
New-York tribune., 1919-11-16
Building Needs
Of the Nation

The United States needs 1000 900
homes, 128,000 factories, costing
100000 or over; $4,000 factories.
costing less than 100000 each;
5000 hotels, 5000 schools and public
institutions, $4,000 apartments, 12o
major freight terminals, $4,000 rail-
road stations and freight sheds, and
10000 theaters and churches.
Except for theaters and churches
these needs are imperative. Early
settlement Of building disturbances
is the hope of the country, since
continuation of the pickering be.
tween builder, worker and material
dealer holds up the housing require
ments Of the nation, which means
higher rentals, greater discomfort
and a possible lowering of moral
standards.
New-York tribune., 1919-11-16

Improvement S. w. Straus & Co. have
arranged to underwritc two per cent
serial bond issues amounting in all to
$4,000 600, secured by q first mortgage
on aN the properties involved in the
transaction.
The addition to the Ambassador will
give that hotel a capacity of 500
rooms.
New-York tribune., 1919-11-16
More Space i'm Fur Center

Manheimer Brothers have sold for
Mrs. Anna Malcolm the two four-story
buildings ut 236-23S West Twenty
seventh Street, being on lot so $50.
The buildings Will be remodeled into
stores and lofts, The new owner occu-
business
New-York tribune., 1919-11-16
BrookIynites Buy in Ridgewood

S. s. Walstrum, Gordon & Forman
have sold at Ridgewood, N. j., for Mrs.
Emma A. d. Wade, the dwelling at
122 Hillcrest Road to Mrs. Ada Rem-
son Lawrence, of Brooklyno; for Mrs.
Frances r. Pense to Mrs. Stella Kane,
the dwelling at 81 South Maple Ave
nue., and for DR.. John b.. Hopper to
Gustave A. Bergstrom, oN Brooklyn,
3 residential lot on Home Street,
New-York tribune., 1919-11-16
l.. l. City Corner for Garage

lhe Cross & Brown Company har
SOLD to the Greater City Construction
and Finance Corporation. Louis cola
president. for the Interstate Land
holding. Company. the southwest cor
ner of Crescent. and Thirteenth
streets, Long Island City: for the ea-
tate Of James r. Knapp, lot adjoin-
ing, and for the Schey Realty Corpo-
ration. the two adjoining lots, on which
i.reproof garage and service station
is to be erected
New-York tribune., 1919-11-16
Bronx Dwelling Deals

D. A. Trotta has old for the Baisley
e. Watson Company 1850 Crotona Ave
nuc, a three story brick three family
dwelling, on lot 20x100.
Calm e. Pittman have sold to S. j..
Schwartz the three-story dwelling at
695 East 165th Street. on lot 16.9X71.
Samuel Cowcn was the broker who ne
gOtiated the sale.
New-York tribune., 1919-11-16
Commodore Josephthal Buys
Former Iselin Place ON Sound

All View. Premium, Point, New Eo-
chelle, the residence Of Edward Schae-
fer, of New York, formerly the c.
Oliver Iselin property, has been sold
to Commodore Louis NJ. Josephthal,
chief of the Bureau Naval Militia. The
property was held at 100000 and has
been sold by Charles Field Griffen &
Co., with W.. G.. Buxton.
New-York tribune., 1919-11-16

overlooking the ocean, submarine
grill with sunken dance floor, a mez-
canine roof garden overlooking ar
Italian garden and special dressing
rooms for guests which vii! enable
them to so direct from the hotel tc
the surf.
To make way for the new section OF
New-York tribune., 1919-11-16
Richmond Stephens to
Build Home at Malba

4 The Malba Estates Corporation has
sold at Malba- the sound /. l.. 10
Richard StoThens, of Manhattan. tha
corner Of mmit Place and Fourth
Avenue. He Will improve the site with
residence for his occupancy.
New-York tribune., 1919-11-16
Enlarged Hotel Ambassador First Port of Great
800 900, 600 improvement Planned for Atlantic Civ

Construction has begun on the 400
room addition to the Hotel Ambassador
in Atlantic City, which is part OF a
series of improvements that involves d
total expenditure of approximately
$20,00O,000. Among the features of the
new addition will be g swimming pool
sixty-three feet long, great ballroom
New-York tribune., 1919-11-16
Physician BUYS i'm lO5ih st.

James II. Cruikshank has res,ld 90
Or. Ruben Rivera SO West l05tn
Street. Il three-story dwelling on 10.
ls.1oXl9o. Thomas Leonard & Co. we're
the brokers'
New-York tribune., 1919-11-16
New Owner i'm ooh Street

Siawsoa & Hobbs have sold FOR VII
lam Bradshaw 81 Wet Nineteenth
Street, four story dwelling on ls.s.
100.
New-York tribune., 1919-11-16
Two Houses in 37th St. Sold

A. A. Hageman has sold for the
Miases Fanny a. Smith, Alice Smith
and Martha Theresa Smith the four
story building at 80 West Thirty
seventh Street, to the Unionall Realty
Horporatica. He has also sold the
four-story building at 45 West Thirty
seventh Street to John Mcguire.
New-York tribune., 1919-11-16
Local Broker to Build at Ramsey

howard II. Bellows. manager Of the
o,hces or Goodwin & Goodwin. has pur-
chased from VI. S. Daniels. OF Newark
the plot l0ox296, on island Road Ran
sey. n. j. He will start immediately
the erection O slX-roon moaern bun
salow for occupancy next spring.
New-York tribune., 1919-11-16

the Ambassador and the other improve
ments, which include the construction
OF an IS 900 600 Ritz Carlton Hotel. a
series OF California bungalows, a the
nter. Apartments s,d arr Ans. several
hotels have been demolished and sew
enteen residences moved to various
parts of Atlantic CITY.
In connection with this $4,000 900
New-York tribune., 1919-11-16
Ziegler Home to Cost $500, 900

Plans of the Ziegler house to be
erected at 2 to East Sixty-third
Street have been filed. The house will
cost 100000 to build, according to the
estimates made by the architects.
Sterner & Wolfe have designed the
house, which will be four stories high
and cover site T5XS5.
New-York tribune., 1919-11-16
all Loft Near
Union Square Is
Sold by Trust Co.

Horace 8. Ely & Co. have sold for the
Farmers Loan e. Trust Co., trustee, the
property at 81 East Seventeenth
Street. running through to SO East
Eighteenth Stret, on lot 28x18A, on
which there is an eleven story build
inr
New-York tribune., 1919-11-16
To Build Homes on
CrOtOna Park North

J. Clarence Davies has sold for
George G. Guiges to Weinrub Broth
ers the plot 75x93, on Crotona Park
North, 10 feet east of Marmion Ave-
nue.. The purchasers will erect two
brick dwellings for their own occu-
pancy.
New-York tribune., 1919-11-16
Building Project for City Island

Mulvihill & Co. have sold for Robert
Free stone, of Brooklyn, plot 137xl00
in Rochelle Street, City Island, directly
in rear of plot in Horton Street solo
recently by the same broker TO Frank
f. Gearon, who is the buyer of the
Freestone parcel. He will improve.
New-York tribune., 1919-11-16

Street side Of the second floor will be
conference room. There will be
more private Offices along the Maiden
Lane frontage OF this floor with the
working space at The William Street
end of tho structure. The great work
shop Of the institution will be the
floors from the third TO the twelfth,
where will be housed, in business
sense, several thousand clerks. men
and women. These floors will be great
open spaces for the most part. with the
service features, elevators, halls, locker
and wash rooms grouped about midway
in the length Of the building and
toward Maiden Lane
There will be little less than 90 600
square feet OF space on each floor As
there are 10000 square feet in an acre
it may be seen that there will he four
hfths Of an acre OF Office room on each
floor. II is estimated that between the
fourth and the eleventh floors. which
aro typical in detail, there will be 273,-
738 square feet Of working space and
68,5l2 square feet given over TO the
service features.
New-York tribune., 1919-11-16
Astoria Dwelling Buver

The Ricscrt- Brown Realty Company
has sold to Edna C. ard T. MNwcod
Mather two-story and basement
tapestry brick dwelling, To-
Gated on Ditmars Avenue, bctweecn
Lawrence and Chauncey streets.
New-York tribune., 1919-11-16
Louis El'Iing. Brewer.
Sells Haven Ave. Corner

Charles s. konler and Julius Scott
have sold tor Louis Fbiiug. Of the Ell
i'ng Brr"ery Company, - an investor,
IN, fiNc-S'Ory npa rtrnent mouse. on pl0.
,4yie3.3 fect, at lof lc Haven Avenue.
New-York tribune., 1919-11-16
2 psabody ''Villase" Apartment
Bought bv Realty Compan,

ANel A. Olsen has sold for the Eaui-
table Life Assurance Society to the
Mar olin Really Company the Peabody,
the seven-story apartment house at
lo2-l0l Waverly Place. Cass & APPEL
were the attornevs
New-York tribune., 1919-11-16
Woman Buys 18Th Street Loft

The Marjoiia Realty Cor pany has
sold the nine-story ioft building A. 10
" est Eighteenth Street to Mary A.
Merritt. ANol A. Olsen was the broker.
New-York tribune., 1919-11-16
New Nepperllan Owner

The Robert f. Farley Organization
has sold for Fred. e. Borel his house
on Linden Avenue. in the Nepperhan
Heights section Of Yonkers, to William
Tennant, Of this city.
New-York tribune., 1919-11-16
Tenants Cared For

Above the twelfth floor arr 70 be To-
Gated restaurants, promenades, hospi-
tai, gymnasium and other recreation
features. There will be three rcs.av-
rants, or, rather, three dining rooms,
one for officers OF the bank, one fo-
the men employees and ono for The
women folks. The women's restaurant
New-York tribune., 1919-11-16
W Arlington St. Buyer

The Charles F. Moves Company has
sold 431 Washington Street, two
story building, on lot 2O5xS3. for
Florence Spear to Rosa Tringalli.
New-York tribune., 1919-11-16
Agramonte Is Back in Really

Edward Agramontc has returned to
the real estate brokerage field after an
absence OF five years. He is now asso-
ciated with Henry Shapiro & Co.
New-York tribune., 1919-11-16
eng Island City Plot BUYERS

c. E. Clay has sold to Zimma e.
Stanis plot so 100 on the east side
Of Boulevard, 100 feet south of Har-
ris Avenue, Long Island City.
New-York tribune., 1919-11-16
Street Tho service entrances to the
building, therefore, were placed on the

building, therefore, were placed on the
Maiden Lane side because the lower
street level would permit Of easy &C
cess to the money vaults and tho coal
bunkcrs. Nassau Street is too crowded
to have the main entrance and the dip
from Liberty Street to Maiden Lane is
too prominent to allow a good solution
Of the entrance feature.
The Liberty Street entrance will be
about two stories high and will lead
to n great lobby that will run at right
angles to it. Toward Nassau Street
the lobby, or corridor will open out
into general reception room, as it
will be at this end of the floor that
the executives Of the institution will
have their Offices. This reception space
will be thirty-four. feet wide and
seventy-one feet long and, OF course,
will reach through two floors Of the
building. 1t will De magnificent
room
New-York tribune., 1919-11-16
Spacious Ground Floor

Off of it toward Nassau Stree; VIII
be nine Offices, the workshops Of the
directors of the bank and their secrc-
taries. Stretching along the Maiden
Lane side Of the floor will be seven
Offices and an immense conference
New-York tribune., 1919-11-16

will be on the thirteenth floor. 1t will
be large enough 10 scat 700 diners Mt
New-York tribune., 1919-11-16

room. At the William Street end of
the first floor about 1,47O square feet
New-York tribune., 1919-11-16

will be working space TO be used as the
directors see fit. The entire Nassau