The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-16
FLATS TO JOSTLE
ASTOR MANSION
Superlative Apartments in
MilliOnaires' Row Will Cost
Over S2,OOO,OOO.
TWO FLOORS LEASED
Nineteenth Street Building
Sold; Many Other Deals
Negotiated.

The Astor family mansion at sixty
fifth street and Fifth avenue Is TO have
as Its next door neighbor a twelve story
apartment house of the approximations
type. which will be erected on the prop
erty owned by the estate OF the late
Grant B. Schley at the southeast corner
of the avenue and Sixty-sixth street
Within the next few days agreements
will probably be signed closing the deal,
which will involve an outlay Of over
100000. The cost Of building alone
will be something over 100000.
II the parties to the operation carry
out their plan in detail this new multi
family structure, In the heart of Mill
ionaires Row." will outstrip anything Of
its kind ever erected In this city, both
in point OF artistic effect and con-
veniences offered to tenants. Several
features heretofore unknown in apart
ment house construction will be included
in the building which is expected 10 be
re rdy for occupancy In the early sum
MGR OF 1920.
The site for the projected structure Is
now occupied by the old Schley family
mansion and the three smaller dwellings
at s45 and SAC Fifth avenue and from
. to East Sixty-sixth street All but
entire property has a frontage OF BOG
feet on the avenue and 100 feet on Sixty
sixth street. For purposes OF construc-
ton II will be turned over to a newly
formed corporation. but the Schley
estate will continue to be the chief factor
in the operation.
The other principals In the deal are
William Henry Barnum & Co. who have
agreed to furnish the building loan; j.
Z. r. Carpenter. who is drawing up the
architectural details OF the new house,
and Cross & Cross. who have been
brought in "a associate architects. Pre-
lminary agreements have already been
drawn UP between these parties. The
legal details OF the agreement were ar
ranged by the law firm OF Simpson
Thatcher & Bartlett. Pease g. Gilman
were the brokers in the transaction, and
William A. White & Sons were also In
terested as brokers.
The apartment house will have bu'
one suite to floor. the idea being tr
| make each suite as much like sepa'
ratio dwelling as possible. In this re-
spect the structure will be moro In tho
nature OF twelve superimposed dwellings
than a mere apartment house. Each
suite will have floor area OF about
1900 square feet and a main living
room extending across the entire front
age OF Fifth avenue. This feature alone
1t is said. has already brought applica
lions for the renting OF several Of Tho
floors. There will be twenty rooms to q
suite.
The apartment house will be the sixth
| largest OF Its type to be built between
Sixty-third and Eghty-eighth streets
the others being at the north corner o,
Sixty-third street the south corner oil
Seventy-second street, south corner Of
Seventy-tourth street, the north corner
OF E'ghty-first street and a nine story
building adjoining the mansion of Henry
Phlpps. at the north corner OF Eighty
seventh street. In addition TO the Asto!
mansion 1t will have distinguished neigh
( bors. for other properties in the immc
date vicinity are owned by Thomas 7
/ RYAN, Mrs. II. Q. Havcmeyer, Frederick
| Lewiston. Mrs. James Il. Hagg!n. Will
! lam Guggenhelm. Henry {. Frick ant
Mrs l.. II. Hartman.
Tho invasion OF "MiilionaireS ROW
| hv apartment houses has made some in
teresting history. 1t precipitated a cru
. SADIE by the Fifth Avenue Association II
which the Real Estate Board OF Ne"
York participated. The amendment c
the coming resolution 10 prevent the con
! struction OF any building over 100 zee
in height on the avenue. between Sin
tieth and Ninety-slxth streets, was pro
| Dosed hut failed Of adoption.