The New York herald., 1920-01-14

81 TO 81 John st., northeast corner of
Dutch ST.; the Commercial Union, at 4 and
g Dutch ST., and the adjoining plot at s
and 10 Dutch st. have been LEASED for
twenty-one years by the Travellers Insur-
ance Company through the Charles +.
Noyes Company. According to the brokers
the aggregate rental, including taxes,
ground rent and operation, will involve
about $S,0Oo,0O0 The Underwriters
Building Company is the lessor. The lease
is made subject to all existing leases in
the building, many of which have num-
ber CT years to run. The property meas
ures $50 feet in Dutch St, 81 feet in John
ST.. and is considered one of the finest
corners in the insurance district. Eyeatu-
ally the insurance company will move
from 76 William ST. to the building just
leased.
1O5 Year Lease Involves $J,OOO,OO0.
George A. Bowman leased for Mrs. Mary
A. Walter 14l West 42d ST. and for the
Sites estate 1873 to 142 West 43d St. con-
Meeting through the blcck, consisting of
$3.50 square feet, to Ralph A. Gushee
proprietor Of Ciaremont and Tongue Vue
for term OF los years. Mr.. Gushee, after
extensive improvements. plans to have an
innovation in the restaurant line for New
York city, being cafeteria, on the lines
of some of those developed by the leading
hotels in the larger Western cities. The
broker reports that the rental for the term
will exceed $5.0C0,000.
*3,OOO,0O0 Downtown Project.
NJ. & l. Hess, Inc, sold for the Com
munity West Houston street Garage. Inc.
5Ss to $50 Greenwich St and 200 West
Houston St, northeast corner, 7s5x113. to
the No. s.6 Hudson Street Corporation,
which now controls the entire block
bounded by Greenwich, Hudson, West
Houston and Clarkson SITS. The buyers
are affiliated with the Western Electric
Company and the New York Telephone
Company. The entire plot will be i'm
proved with an elght-story warehouse and
office building for the use OF the two com
pauies. The entire deal involves about
So 000, ,00O.
Buyer OF MarbrIdge building.
Morton Stein is the buyer of the Mar
bridge building, at the northeast corner of
broadway and 34th ST., facing Herald
square. The buyer is an attorney. but has
purchased several other Manhattan prop
critics. including the twelve story apart
ment at 157 West 18th ST., which he re-
Gently resold to the Romer Realty Com
pany. Horace s. Ely & Co. and Samuel
ISronsl<y were the brokers in the sale. Mr..
Stein saio yesterday:-''I have been watch
ing the Herald square section for some
time. ] consider the Marbridge Building
corner the finest retail spct in Man
haitian" The purchase price, the buyer
stated, was in excess of $5,5OC,0o0.
Craftsman Building Sold.
The Craftsman Building, twelve struc-
ture 37.6xl97.6.at5 East 3Sth ST., through to
6 and East 39th St. has been sold by the
(r,-n, ~ Y -;
dent. 1t was erected about ten years ago on
leasehod owned by j. Sergeant Cram, and
housed the Craftsman Magazine and allied
interests for several years. The top floor
was designed for restaurant purposes and
the other floors club and show rooms.
When the Craftsman moved alterations
were made and the building was leased to
various tenants. 1t is assessed at 500. coo.
Daniel II. jackson is the buyer. James
Boyd and Horace S. Ely G. Co. were the
brokers.
Builders Buy In Drive.
Paterno Brothers, Joseph Paterno presi-
dent. purchased from William Randolph
Hearst the vacant plot. s0x100, at the
south corner of Riverside Drive and 105th
st. for Improvement with fourteen
story apartment. Earle & Calhoun and
Huberth e. Huberth were the brokers.
snIe Near Herald Square.
William Sittenham purchased from Mrs
Alice Clarkson, of Tiyoli, n. Y, the four
story building. 2l.6x9S9. at 5s West 3'th
st. Mr.. Sittenham owns the fee OF sew
eral properties in this block and also con-
trolls several leaseholds.
Graphic Building Sold.
/. Randolph and Everett Jacobs sold
the eight story Graphic Building. at SO and
ls2 4th av., 5Ox92 to Arthur Greenbaum,
through Harry B. Cutner.
M. G. ID. Borden sons Buy.
M. C. d. Borden Sons, who have oc-
cupied the lower part of the five story
loft building at 329 and 3S1 Broadway,
southwest corner of Worth ST., 42xlOo. for
nearly ten years, have purchased the
property from Gertrude o. Ulman and
others through Wright Barclay, Inc, and
intend to occupy the entire structure.
Downtown Transactions.
| James II. Cruikshank purchased from
the No. 2Si Pearl Street Company. Inc.
the seven story building at the southeast
corner of Pearl and Beekman SITS, 53.10
in Beekman st. and 4o.2 in Pearl ST.,
through Charles II. Moore.
Cr,iikshank Company and Cammann,
Voorhees, & Floyd sold for the Almy
Realty Corporation the two four story
to Elias Cohen.
Charles l.. Moves Company sold for the
estate of James Il. Brevoort 80 and 81
Warren ST., two five story buildings, 46x72.
Charles w. knight purchased from Mrs
Agnes v. O'Sullivan the four story house,
17xH, at 85 Perry st.
Daniel Birdsall & Co., Inc, sold for the
United States Trust Company, as trustee
for the =. Roberts estate, to the Fruiesen
Realty Company 276 West Broadway.
The Public National Bank of New York
bought for $4,000 the block front in De-
llancey ST. from Ludlow to Orchard SITS.
on which will be erected six story build
ing. S.x62, to conform to its present bank
| ing building at Delaney and Ludlow sts
Niebrugge e. Maxwell purchased the six
story loft at 81 Walker st, ls.1xs2s; also
the six story loft at Greene ST., 2f.1xl0O
Buyers for Apartments.
Louis Israelson sold the Stratford- Avon
a six story elevator apartment. 100x100. at
the southeast corner OF st. Nicholas av
and 17ith st.