The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-11-03
TRADE CLIPS OFF
Big BIT OF CHELSEA
Business Buildings to Replace
20 Leased Houses in Old
Residential Area.

old residential Chelsea section which
may portead It's eventual obliteration by
business was fcreshadowed yesterday
In the announcement that Meister Build
crz, Inc, have leased twenty of the
old four-story dwellings at PAS TO 263
TO 256 West Twenty-fourth street. be-
tween Seventh and Eighth avenues. The
lessons are Lawrence and Francis Santos
Suarez OF Paris, France. The lease u
for two twenty terms, and It
is said that the developers will pay the
owners an aggregate rental OF s1.5oo.ooo
for the entire term.
Isaac Meister. president Of Meister
Builders, Inc. said yesterday that his
company has instructed its architects
to prepare plans for several eight story
office buildings to be erected on the
Twenty-third street frontage. At least
one of these buildings. 1oox1oo, viii be
built at once. he said. This will go UP
west of the seven story Benezet Build
ing, at 241 and 24s West Twenty-third
street.
are ut present nearly all used as room
Ing houses They cover n plot 200 by
500 fsos, or 10000 square feet OF ground
area. There has been considerable &C.
tivity recently niong tho line Of convert
ing these old dxellings into business
buildings. Meistcr Builders, Ipo. re-
Gently bought from the Cusnrnan estate
tho aDur story dwellings At 84S and BAT
West rwenty-third street, which they
leased 20 the Athena Realty Corpora
tion for ten years.
Austin Meegan OF Leonard ]. Car
penter Co. was the broker in the lease
Of the suarez properties. William II.
won Bergen, attorney, represented the
owners.
xease Dwellings, in THE Village
n. Morgenthau Jr. Company closed
leases FOR long term on "a. IS and SO
West Twelfth street, three four story
dwellings. to the West Twelfth Street
Corporation at a total rental Of more
than 100000. Tho leasing corporation
will alter the houses into studios and
apartments. Frank Parker stocirbridge
u president and Mrs. c. c. Marshall
treasurer of the corporation.
Other Deals I'm Mann attan.
James II. Cruikshanl purchased from
Isabel Anderson of Washington, ID. c..
the i've story loft at so White street.
23.6x110. Daniel Birdsall & Co. and
u. H. Ludlow & Co. were the brokers.
This Is the first sale of the property in
thirteen years.
Bernard Cohen. who recently pur-
chased the northeast corner OF Second
avenue and Fourth street and II Second
avenue, has acquired the adjoining prop
erty at 7S Second avenue. a six story
nat, 25x77.11, from Jacob Abeles. from
whom Mr.. Cohen bought the corner
With these purchases and as Second
avenue. previously acquired. Mr.. Cohen
has q frontage of 100 feet on Second
avenue and z7.ll on the street.
d. II. Scully & Co. sold for the Misses
8. & f. Arnott the four story dwelling
at 20o2 Fifth avenue. 1Sx100. to the
Rev. Kalle Mackinen.
Two companies have been formed for
the purpose of taking over West Sid
dwellings. The four story house at SO
West Sixty-eighth street, 1Sx100.5. is
to be talsn by the 35 West Sixty-eighth
Street Realty Corporation. with J. E.
Hopkins. M. b. Doing and !. Alzamora
~ incorporators
The four story house at 362 West
Twenty-second street, on lot 21.6x
eS.8. adjoining the southeast corner of
Ninth av'nue. Is to be taken over by
the $50 West Twenty-second Street Cor
poration. z. j. L. Baldiris, c. S. and
A. E. Rolph.
M. & L. Hess, mo. leased for the
Trinity Corporation the second floor in
334 Fourth avenue to the Phoenix SILK
Company. store and basement In 1876