The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-11-21
in Grand
Central Palace Deal

Tho Grand Central Palace. between
prty-slxth and Forty-seventh streets, is
be converted into an Office building
I'D linked up with proposed hotel or
bartment house that IL to be erected on
vacant plot. 75x200. on Park ave-
le, In the rear Of the Palace. The
beration will be conducted by Robert
Cats. a realty operator, who has
ought the stock of the Merchants and
anufacturrs Exchange, which owns
lease of the Palace. Mr.. Cats has
so leased from the New York Central
abroad the vacant site adjoining for
rty-two years.
Mr.. Cats and his associates who have
,ught out the Nemiours Trading Cor
,ration and Alfred l. Dupont stock IN
Merchants and Manufacturers Elk
ange. propose 70 run an arcade from
centre OF the proposed hotel or apart
ent on Park avenue through this build
and through the Palace to Lexington
venue. A north and south arcade from
brty-seventh to Forty-sixth street will
so be arranged.
Tho main floor of the remodelled
rand Central Palace. which will be on
Park avenue level. will contain hand
me banking and trust company quar-
RS. and the floor below. which viii be
tho Lexington avenue level. viii be
ilized for retail shops. An additional
Ink OF six passenger elevators will also
added. The name OF the building
III be changed to the Central Square
uilding, as IL will face on the Park
,enue plaza, extending north Of Grand
entral Terminal. The deal involves
ward OF s15.000.000. The Brown
heelock Co. represented Mr.. Cats and
Ill manage the properties
Plans "Drive" Apartment.
Pcase & Gilman sold for the es-
10 of Marie l.. and william Degener
Victor Cerebone the three four story
vellings at 316 to 320 West Eighty
nth street between West End avenue
I'd Riverside Drive. on this site the
w owner contemplates the erection
high class apartment house at
me future time. Mr.. Cerebone. who
Is been Identified with the construc-
On of many high class buildings on
West Side. does not contemplate
dertaking the project until conditions
the building field are more favorable
"a the rent laws have been modified.
In the Dwelling m0rket.
George Ranger sold for william B.
iaIntance to Joseph S. Ward "A five
ory dwelling, 20x90, of Gothic design.
91S West End avenue, southeast cor
of 105th street. and including garage
the rear This house was formerly
yncd by Brazilian. who converted
of the rooms into chapel Since
r. Quaintance's ownership about s20.-
has been spent on the interior
James H. Cruikshank purchased
trough Harry Sugarman from Henry
Frederlcks 244 West 130th street,
,ar Seventh avenue. three story resi-
snce. 1s.9x100.
Frank Sullivan and Alexander Hen
hel sold for the Farmers Loan and
rust Company 20 East 129th street. a
rec story dwelling, 17xl00. to a client
A. Kane q Co.
Apartment and Flat sales.
Home Guardian Company sold 10
bhn Fitzpatrick the Ave story fat at
8 St Nicholas avenue. northeast cor
br Of 134th street. 2t.1x1O1.3 n irrogu-
William u. Fitzpatrick purchased from
10 estate OF Mary $. Towlo the four
DRY single nat 25x100. at 241 East
ifty-eighth street. between Third and
econd avenues.
Freldus & Co. sold for the VI. G. Hold
q Company 1899 Lexington avenue, n
story apartment, 51.2x75. TO a client
Harry J. Schum.
William Schacht sold for James III.
ruilSahauk tS23-1S25 First avenue, n
story apartment. 37.6xi00.
other Deals I'm Manhattan.
Norman Denzer sold for Joseph Cohen
three story remodelled building, on
25x10o. OF $50 West 159th street.
tween Broadway and Amsterdam ave-
IA.
John y. Locke sold TO Thomas s.
eatlngs the four story dwelling at IL
est Fifty-second street. 20xi00.4.
Henry A. Wise Wood sold to Abra-
am Rotltin. the two three story dwell