New-York tribune., 1919-10-23
Two Twelve-Story
Pine St. Buildings
Figure in Trading
Good Products Corporation
Gets Wallace Structure,
Extending to Cedar St.;.
Bankers Sell Old Home

The financial section Of the city,
winch has been n center Of consi der
able realty activity for months. fur
nished two interesting transactions in
twelve story buildings in Pine Street
yesterday
The Good Products Corporation (Ju-
nus kessler PRESIDENT has purchased,
through William A. White & Sons, the
twelve-story Wallace building, 56-53
Pine Street, running through to 1928
Cedar Street, with frontage of 46
feet on Pine Street and 52 feet on
Cedar Street and depth Of 1885 feet.
The building is within 1875 feet of
William Street and the subway station,
and has as neighbor on the east the
low structure of the Downtown Asso-
citation. The seller, Mrs. Emily B.
Hopkins, who is represented in the
transaction by her attorney. Rufus B.
Cowing. ir., has owned the property
since 1901, when she acquired it from
the Metropolitan Life Insurance Com
pany.
The Food Products Corporation will
house all of its companies in it's new
building and give the building its
name. The subsidiary companies-Sugar r
Products Company, Liberty Yeast Cor
Trans Oceanic Commercial Corporation,
American-Lloyd Transport Company,
Atlas Feed Company, Pure Cane Mo-
asses Corporation and others--now oc-
cupy quarters in various Office build
ings at AZ Broadway, 15A Nassau Street,
16 Exchange Place and 27 William
Street.
Other Pine Street Building Sold
The other sale concerned the twelve
story building at 80 Pine Street, on
plot 57.9x71.2, in which a syndicate Of
well-known operators figured as the
buyers. The property was disposed of
by the Kean, Van Cortlandt Realty
Company to Harris & Maurice Mandel-
Ihe sale was negotiated by the Brown.
Wheelock Company, Inc.
The building was erected several
years ago for occupancy by Kean, Van
Cortlandt Company, bankers, and has
been held at $3.50 ,000 1t is <fully
tenanted by banking concerns and is
located on the north side of Pine
Street between Nassau and William
Streets. 1t adjoins on the ives: the
banking building of Speyer Co.
Kean, Van Cortlandt Company occu-
pied the building for several years, and
later, requiring more space, located in
the Hanover National Bank building, at
the southwest corner of Nassau and
Pine Streets, where the firm is now
located, having been renamed Kean,
Taylor & Co. following the death OF
Mr.. Van Cortlandt
Quick Resale in Broadway
Norman S. Riesenfeld made hand
some profit yesterday in the resale Of
the five-story business building at. 49l
Broadway, on plot 262x20b, extend
ing to 50 Mercer Street. Mr. Riesen-
field sold the property to |. Abraham
for investment. The former purchased
it last week from the estate OF William
Bruce Brown. Several years ago II
was sold at auction for $i11000.
Operators Buy in Thirty-frst Street
The Stebbins Realty & Construction
Company. j. Malino president, has pur-
chased from the Lawyers Mortgage
Company tho four-story building at
155 West Thirty first Street, on lot
20x70 near Seventh Avenue and close
to the Pennsylvania Station. 1t is one
Of the few properties on the block not
owned by the Pennsylvania Railroad.
Take Over Stable Property
The three story stable at 10 West
Fiftyffth Street, 25x100, title to which
is held by the Daniel s. Lamont es-
tate. is to be taken over by the 19
West 55th Street Realty Company,
formed at Albany on Wednesday, with
F. l.. Robbins, jr., G. Roberts and W.
\ DF4rt 4