The New York herald., 1920-01-15
REAL ESTATE NEWS
Twelve Story Building for
Vacant Plot in Dey Street
Property Sold Three Times Within Few Weeks To Be I'm
proved-Other Deals Reported in Manhattan Involve
Many Mllons-Sales in Other Boroughs.

s'HserS, InoHaS ii. GilleSpio PRESIDENT,
purchased from the Seitz Realty COM
pany, William E. Seitz president, 5 and
Dey ST.. vacant plot. 52x93 located 100
feet west of Broadway The new owners
purpose improving the site with a twelve
story business building, part Of which will
De occupied by the concern. The Brown,
Wheelock Company was the broker. This
is the third sale of the property within
the last few weeks. The Searles estate
sold 1t TO Elias A. Cohen. who last week
rcsold 1t to the sellers in the present deal.
The old home of the Globe occupied the
site Tor many years.
Herald Square Hotel Finally Sold.
Though negotiations have been pending
Tor several months. contracts were signed
yesterday for the purchase of the Herald
square Hotel. at 1lS West 34th ST. Robert
". Simon has bought the we'll known hotel
property from Dudley Olcott, 3D. and other
members of the family of the late S. +.
Olcott, who was at one time president of
the Central Trust Company. The building
is twelve stories high and stands on a
plot S0xl00. There is also an eight story
building, 25x100. making a combined plot
lo5x10O. The buyer announces that pos
session of the entire building can be OBJ
. tained in six months. T.. Bass and l.. j.
Phillips & Co. were the brokers. The
hotel is one of the landmarks of the Her.
aid square section. having been erected
Apout twenty years ago.
Fourth Avenue Corner Sold.
Peter FRESHMAN and Henry Jaffe bought
through Cross & Brown the three story
and two four story buildings, about 6SxS0,
at 423 to 427 4th av., northeast corner of
18th ST. Charles II. Fiske, Jr, of Boston,
Mass, is the owner of record.
New Golf Club Started.
Details of the purchase of liz acres in
the Boston Post road. at Pelham Manor,
n. Y. through Major Harris B. Fisher, for
conversion into an eighteen hole golf
course, are printed in another column.
The deal involves the absorption of the
Pelham Country Club.
Olympic Ball Field Leased.
Shaw & Co. leased the block square
bounded by 5th and Madison avs, 136th
and 18th sts., 200x3s5, containing about
T,cOo square feet of ground area, for the
estate of Henry A. Cram to Theodore
Klein, builder, who will improve the prop
erty for industrial purposes The property
was known as the Olympic Ball Field.
The lease, according to the brokers' repre-
sents about s1,OO0oO0 In rentals.
New s1,OOO,OOO Hospital Building.
Hospital for Deformities and Joint
Diseases has rounded out it's plottage
assembled in 1916. through the purchase
of 1913 Madison av., 20xS1 from DR.. Adolph
A. Himowich: 1925 from Annie Marks,
HXS0 ana l,Szi, ZUxS1, from Lucia M
Duysters and others. The institution also
bought 4S East 124th St, 2OxloO. from Flor
ence Blasdell. The site will be improved
with hospital building to cost about
s1.000.000. Buchanan x Kahn are the
architects. Benjamin Bernstein was the
broker.
Century Building Sold.
The Century Building, at 1 West S4th
Il. has been sold by the Equitable Trust
located in the 5th av. section. The build
ng was erected about fifteen years ago
~ the late William III. Chesebrough. as
president Of the Century Realty Company.
II Is a twelve story structure and occupies
a plot 50x111, which was formerly part
of the site of the A. T. Stewart mansion
at the 9Th av corner The reported sale
price is Sl.c00,000. The corner adjoining.
occupied by the Columbia Trust Company.
was recently purchased by Max y. Natan-
son who purposes to increase the height
of the building, as already announced in
the HERALD.
Lease In Pennsylvania Zone.
Narkuu Realty Corporation leased for
twenty-one years 13f West SD ST. from
the Sidem Building Company The tenants
contemplate erecting a now building and
will occupy the store and basement for
their business and sub-lease the remaining
portion. The rent aggregates S210.000.
Lewis l.. Rosenthal Company were the |
brokers'
Suffers Park Now Film Studio.
Hubcrth X Huberth leased for Judge |
George L. Ingraham and Phoenix In
graham Suffers Harlem River Park prop |
erty comprising the block front of 200
feet in I'd av.. ATS feet in 126th st. and
Zoo feet in 127th st. with buildings, for
eighteen years from January !, at rentals
totalling $3.50. 900. The lessee Is the Inter- |
national Film Company. which will occupy
the premises for studies and production |
purposes.
Purchase Quickly RcsoId.
Herbert Hecht and Samuel Kronsky,
Inc, sold for Robert j. Dula, formerly
vice president OF the American Tobacco
Company. to Charles Newmark and Gl
West 37th St. two six story business
buildings 43x9S.9, located l41.6 feet west
of 5th av Mr.. Newmark Immediately re-
gold the property.
Large Lense In Sixth Avenue.
Big Store Realty Corporation leased to
william Brett the northeast corner OF 9Th
nv. and 18th St. 6':6 feet IN the avenue
by 10 feet in the street. This is part OF
the old Greenhut-S Segel Cooper Building. I
Spear & Co. we're the brokers.
demand for Business Parcels.
Charles +. Noyes Company sold for Miss
=. Ferris. OF the San Reno Hotel, 10
Walker st., five story building, 25xloo.
Thomas j. O'Reilly sold for the Emil
grant Industrial Savings Bank the three
story loft at l9l Spring St, l7x1oo. to the
Manick Hardware Company.
Charles wynne and Louis III. Low sold
Greene St, n six story mercantile build
ing. to The United Interests Inc, repre-
sented by NeIlrugge and Maxfield. through
Gilbert Elliot. Jr., and John A. Clarke, for
their own occupancy.
SPOTS & starr. Inc. resold for the Man
port Realty Company to A. H. Levy the
AK story loft. 25x100, at Sc Thomas St,
under lease TO RI. u. Claflin & Co until
September.
Frederick Brown sold to Brooks & Por-
Ter. printers tho six story loft. 5o7 Hudson
st.. 30x100.
Max Marx purchased through Geo. II.
Read Il Co the two five story Buildings,
60 to 50 Dey ST., 574x50.
Richard IL Calling and Samuel Benson /
sold for the Regnal Realty Company to
the Broadway-John Street Corporation,
Elias A. Cohen president. So and 90
Walker ST., seven story loft 4sxs2.
The Broadway-John street Corporation.
p-lias a. Cohen president, bought from the
Ntw York Curb Market 81 Bridge St, a
three story building, letox716x irregular.
ps bag rceoid tho propprtv n Thomas - l.