The New York herald., 1920-01-31
CHAIN STORES MAKE
IMPORTANT LEASES
Several Large Sites Acquired for Long
Terms Involving Millions
in Rentals.

! Ottineer a. Brother and T. s s. NJ 8
Kern leased for twenty-one years TO the
Schultz Cigar Stores Company the sevel
story apartment hotel. known rs the Cal
vert. at the northeast corner Of Broad
way and Forty-first street, 46.4x113.4 4N
irregular, and the three story building
adjoining. 55.1xlo7x irregular, Tho prop
critics include Nos. 1,452 to 7,i60 Broad
way, which is tho balance of the Broad.
way block not occupied by the Knicker.
booker Hotel. 1t ADULTS that hostlery in
Fcrty-frst street. Some existing leases
expire May /, 1921. The Schultz com
pany recently leased the Hotel Wallck
property, at Broadway and Forty-third
street, two blocks north.
The buildings just leased are occupied
by prominent firms. some Of the tenants
in the stores being Park & Tilford, the New
York Telephone Company, Brill Brothers
ard the St Regis restaurant. Henry
Shapiro & Co. negotiated the deal and
have been appointed renting agents Whit.
man, Ottinger & Ransom, attorneys, rep
resented the owners. and Jerome EisneI
the Schultz company.
! Another Chain store Lease.
Another interesting lease in Broadway
: to a chain store company was negotiated
by Rice & Hill and Lotion II. Slawsor
Company for the Pullman Holding Com
pany. 1t involves the Saxony, a sever
story apartment. 90.4x102, at 2,273 to 2,2I!
Broadway. southwest corner of S2d St.
and the De Witt, a six story structure, "a,
252 and 25i West SD ST., 55X1o4, adjoining e
The United Cigar Stores Company is thu
lessee and obtains the property tor TWEEN
! ty-one years at rental aggregatire
nearly s1.o00090. 1t will obtain possession
+ in 1921 and ccntemplates making exteusiv,
alterations. The Saxony now contains
nineteen apartments of eight rooms ano
two baths on each floor and five stores
while the De Witt has one apartment anc
three baths on floor. 1t is likely these
apartment Will be remodelled into smaller
suites.
Large Store Leases.
Carstein &. Linnella, Inc, leased fol
! William Iselin & Co. store, basement ant
four lofts in 353 to 361 4th av., southeast
corner 26th St. at an aggregate rental oi
more than 81 100000; also to Ernest a Her
man Levy store, basement and three lofts
in 3f3 to S51 4th av., the south half of the
same block, at an aggregate rental O
about s1,0ov. 900. The leases begin February
4, 1923.
other Recent Leases.
! Geo r. Read & Co. leased for the Herald
Square Holding Company. George Backel
president, tenth floor in 10 and 1S Eas
35th st. TO Emma L. Lee Thayer.
Samuel II. Martin leased to Louisa Frens
store and basement in 40 9th av.
Charles II. Noyes Company leased store
and basement in 20 John st. for IL. B. Esaa'
to William II. Enhaus & Son; building a
122 West 43d ST. for brakes Restaurant tc
the Actors Fidelity League, and eleventh
floor in the Masonic Building, 23d st. anC
9Th av. to the Metropolitan Five and F'iftJ
Cent stores.
Brown. Wheelock Company, Inc, LEASED
! loft in 81 TO % West 18th st. to Levy s
I Goldberg; loft in sos Broadway to Aarol
Richman building. 327 Canal ST.. to Philil
Wedeen: loft in 795 Broadway to |. Crystal
space IN 70S Broadway 10 Shapiro. Bloom
&Garbow. Inc. and to Morris Epstein
loft in 795 Broadway TO Pargment Phillips
/ Ayeroff !& Berowisht; loft in Bond st
to Sun Hay Hat Company and to Sperlini
& Grossman; loft in 402 Broadway t.
Roquette g. Co.. and with Pease e. Eli
man; floor in II William st. TO Hughes
Rounds. Schurman & Dwight, and space
I to the Dwight e Scovillc.
United Cigar stores Company has sub
leased to the Hanover Lunch Compan.
store floor and basement in the old East
! crn Hotel. at the northeast corner
South and Whitehall sts., for twenty-on
years from February !, 1871, at rents
ranging from $4,000 to $4,000.
! Jacob ]. Tabolt leased TO Joseph Camis'
two lofts in lac Bleecker ST.