The sun., 1919-03-28
SALE OF JEWELLERS
COURT ANNOUNCED
Maiden Lane Building Goes to
II. L. Blanchard; Price
About S75O,OOO.
sTRATFORD AVON SOLD
Frederick Brown Now Owner
Of Riverside House Worth
S85O,OOO.

Negotiations long pending for the sale
or Jewellers Court. a twelve story office
building at 81 and 50 Maiden lane, came
TO head yesterday. when Harry La
mont Blanchard took possession OF the
property from the former owner, 81 and
SO Maiden Lane, Inc. OF which Reuben
B. Smith IN president Mr.. Blanchard
Is said to have paid about s750,00O for
the property, which he secured through
Charles r. Van Valen. Inc.
Rumors of the probable sale of this
building were heard two months ago,
but for some reason the closing of the
deal was delayed. The purchase by the
Federal Reserve Bank Of a site for a
new home directly opposite, In the block
bounded by Maiden lane, Nassau, Lib
erty and William streets. unquestionab bly,
Influenced the desrability OF jewelers.
Court from an investment point OF view.
The building occupies a plot 4Ox1S9x
Irregular. has a complete tenantry and
Yields yearly income Of about 500, 900
from rentals.
The new owner has figured in num-
her OF big downtown deals. One of the
most recent OF these was the sale by Mr..
Blanchard OF the northeast corner Of
John and William streets to the 10
William Street Company. which plans to
convert the two story building now on
the site into a tall building for tine hous-
ing of fire insurance interests. That
sale Is said to have involved close to
100000.
Thomas J. Meehan represented Mr..
Blanchard as attorney In yesterdays
transaction. Samuel z. Tull arranged
the legal details for the seller.
BROWN IN TWO BIG DEALS.
Frederick Brown bought and sold
properties worth s1,000.000 or more yes
terday. Chief among his deals was the
purchase of the twelve story freproof
apartment house known as the Stratford
Avon at 210 Riverside Drive. northeast
corner of Ninety-third street. This
house, which was held at $S50.00o, was
acquired by the operator through Ryrne
q Bowman from the Ninety-third Street
and Riverside Drive Company. OF which
J. J. Slender Is resdent 1t was built
by Ferguson Bros. & Forshav in 1911
on a plot l14.5H3T.1l ). purchased by them
from Samuel G. B~yne through Byrne &
Bowman.
The building contains forty-eis ht
apartments OF eight. nine and ten rooms,
with three baths, and Is fully rented at
about 100000. 1t Is the second big pur-
chase of it's kind made by Mr. Brown
through the same brokers In the past
week, the first being that of the Dor
chester. twelve story apartment house
on Riverside Drive at Eighty-fifth street.
Julius H. Sieser acted as attorney for
Mr.. Brown in the latest transaction and
Horwitz G. Rosston represented the
seller.
To the Joseph p. Bender Company Mr..
Brown sold the four five story apart
mcnt houses on plot 2i5xss. comprising
the entire block front on the west side OF
Prospect avenue. between 1ssth and
Freeman streets. These houses accom-
modate eighty families and contain ten
stores.
sHENK IN A SERIES OF DEALS.
Joseph shenk figured yesterday in a
series of transactions involving more
than sl,000,000 and affecting apart
ment house properties on Washington
Heights and in The Bronx, housing in
excess of two hundred families. From the
Purdy estate through Kaplan. Blackner
& Greenberg. he purchased the four fve
story apartment houses at 2526, 1880,
224e: and 1850 Grand Boulevard and
Concourse. rented at $4,000 and valued
at $500. 900. These houses occupy two
plots 100x1o0 each and accommodate
eighty families. Mr.. Shenk resold 10
Lowenfeld & Prayer the two apartments
at 22ls and 1850 Grand Concourse.
From Morris Polsky. Mr. shenk
bought the four apartment houses at
1884. 1863. 1772 and 1776 Weeks ave-
nue.. one block east of the Concourse
These buildings. which occupy plot
2o0xl0o, rent for $4,000 a year and
were held at s275.O00. Phelps & Brady
were the brokers in this sale. From the
Mason Realty Company, Max y. Natan-
son, president. Mr.. Shenk purchased the
two fve story apartment houses at S0i
and 306 and 3l2 and 314 Haven avenue
1b0x130, housing eighty families. rent
ing for $4,000 and held at $4,000