New-York tribune., 1920-02-20
Record Rental for
fitM Ace. Property
$4,000 a Year offered
Smathers for Thorley
Corner, Which He Has
Leased Back From, TiMn

The Thorley Building, at the north
west corner of Fifth Avenue and Forty
sixth Street, and the building adjoin-
ing, at West Forty~sixth Street, occu-
pied by Larimore & Co., chemists, arc
again in the control Of E. E. Smathers.
who leased the property to Tifin Prod
ucts Inc, du Pont corporation. sew
eral months ago. The Tiffin Tease be-
comes operative in May.
Through Brett & Goode and the
Brown Wheelock Company the property
was leased back to Mr.. Smathers at
Soo,00O year net. Brett G. Goode and
George Gascone are arranging a lease
OF the two properties for Mr. Smathers
at rental of $4,000 year net, which
IS profit of $4,000 year to him. If
the deal is closed on this basis the
rental will figure $4,000 front foot,
which is the highest rental ever paid
ior the use of ground in Fifth Avenue.
mr.. Smathers may erect twelve story
building on the site for the prospective
tenants, and in this case the rental
would be more.
Tiffin Products Inc. surrendered it's
lease because Of change in the cor
poration's plan. The belief is that an
other location on Fifth Avenue is be-
ing considered, if it has not been Sc
cured already. The Brown Wheelock
Company, it IS understood, is attend
ing to the wants of Tiffin.
J. Sterling, London, Sells Realty Here
E. A. Turner has sold for John w.
Sterling, of London, England. through
the Office Of George W. Church, the
property at East Thirtieth Street, on
lot 2lx82, to client for improvement.
vesey Street Building Buyer
Bryan L. Kennedy has sold for the
estate of John H. Eur Lage to the
barthold Michaels Sons Company, Inc,
i08 Vesey Street, a four-story build
ing, on lot 22X75, adjoining the north
corner of West Street.
Brown Buys in Twenty-third Street
Frederick Brown has bought from
Borden and William Fl. Owen the six
story building at IS East Twenty-third
Street, on lot 25x1OO Ashforth e. Co.
were the brokers.
Sale in Syrian District
The Charles T. Noyes Company has
sold for Stuart Cooper and Sarah l..
Merrel to Christian II. Dieckman. for
occupancy, 18S Washington Street, a
four-story building, on lot 1Sx45, be-
tween Dey and Fulton streets. The
purchasers paid all cash and will hold
the property free of mortgage.
Astors Sell Bowcry Property
The Farmers Loan and Trust COM
pany, acting for the late William Wal
dorf Astor, has sold through Hiram
Rinaldo and Charles H. Schulman the
two four and one five story buildings
at "a Bowery, northwest corner Of
Hester Street, on plot 75x100.
The Witty Realty and Construction
Company has sold to client of
Charles s.. Rosenthal 1o51o7 Eldridge
Street, a four story loft and store on
plot 5Ox1O0. The building up to about
eight years ago was occupied as the
Ninth Precinct police station. The
seller purchased it from the city about
three years ago. Louis Friedel was the
broker.
Furrier Buys in 29th Street
I. Portman has resold the three
story building at 210 West Twenty
ninth Street, on lot 25x1O0, to Samuel
Greenstein, furrier who will remodel
the property. Harvey B. Newins, Inc,
was the broker.
Trade Takes 22d Street House
Charles Wynne and Louis H. Low
have sold to the West Beach Realty
Company 215 West Twenty
Street, three-story dwelling, on lot
16x80. The purchaser will use the
building after altering it. Dwight,
Archibald G. Perry were the brokers.
Change in 21st Street Expected
The four-story building at 81 East
Twenty Street, 25x100, is to be
taken over by the "a East Twenty first
Street Company, formed at Albany
yesterday with W. Barnes, M. Vein
stein and H. Goldman as directors.
Joseph W. Stern & Co. hold title