New-York tribune., 1920-02-10
Guaranty Trust
Admits Owning
Broadway Plot
Property at Liberty Street
To Be Improved by Insti.
tuition With Tall Banking
Building in Near Future

The Guaranty Trust Company ad-
mitted yesterday that the group Of
buildings at the northeast corner Of
broadway and Liberty Street is the
property Of the institution. The trans
fer in the ownership Of The pron>rtv.
which includes the Wendell property at
the immediate corner, Ibl bro.uway
and the Haight Building at 15e Broad
way and 80 Liberty Street, was an
nounced nearly two months ago. At
the time it was said powerful financial
interests we're behind the lawyers who
signed the contracts as the buyers. Soon
utter it was reported that the real
owner was the Guaranty Trust Com
pany, which owns and occupies the
southeast coner of Broadway and Lib
had nothing to say about the stories
when called to their attention. The
reports gained credence despite the
silence Of the institutions officers and
Tor some time the market has accepted
as true the reports linking the Guaran-
ty Trust Company with the ownership
of the property directly across Liberty
Street from it.
Old Buildings to Give Way to New One
According to the statement issued
yesterday by the company the buildings
on the site will be removed Nothing
was said about when this would be
done, but Judging from the notice re-
ceived by some tenants May or short
ly after will sec the start of the de-
structfon of the business structures.
tall building is to take their place.
Plans for this structure is now being
prepared.
The institution has been hard pressed
for Office space for some time, even
though two large buildings have been
taken by the company for its clerical
force since the completion Of the head
quarters building at the Broadway cor
ner several years ago.
The structure being planned for the
northeast corner of Broadway and Lib
erty Street will be at least twenty
stories high and will be for the most
part occupied by the Trust Company.
The Broadway-John Street Corpora
ton. Elias A. Cohen president, has
stock broker, for occupancy the Ave
story building at 'S1 Broad Street
northeast corner of South William
Street. julius Kline was the broker
Mr.. Cohens company bought through
Cammann, Voorhees, e. Floyd from
julius Lichtenstein, 7 and Burling
! Slip, near Water Street, two five story
buildings, on plot 40.2x56.S. He also
bought through Pease & Gilman the
| northwest corner of Water and Fulton
streets, five-story building, on lot
l4x2O.
Frederick Brown has sold to j. D.
Sugarman & Co., members Of the Con
solidated Exchange, the four-story
building. 19 Beaver Street, with an
IL to New Street. Lawrence, Blake &
Jewell were the brokers.
Harrison Street Lofts Sold
Frederick Brown has bought from
Daniel V. Harrison through Robert r
Bonsall the two four-story buildings at
Al and 40 Harrison Street on plot
45x87.
Horace S. Ely & Co. have sold for
Louis Gordon Hamersley, 90 Crosby
Street, a six-story building on lot
25.10x69. to the Merit Holding Company
Lofts for Furniture Dealers
Joseph j. Berkowitz, furniture dealer
has purchased from Herman Woog 281
Grand Street and SO Forsyth Street
two loft buildings, each five stories
William F. Furst was the broker.
Simon Myers and David Lion have
sold the four-story loft at 32 West
Houston Street to Samuel Schcid for
occupancy. Julius Friend was the
broker in the transaction.
Tenants Buy Twenty-flfth St. Building
I. S. Wolf e. Co. have bought from
the Regain Realty Company the mod
ern seven-story building at 13o-1s4
East Twenty-tifth Street, which they
now occupy. Bastine & Co.. Inc, and
Eugene e. Sperry represented the SELL
ers. Abraham l.. Gut,nan acted for the
purchasers.
Garage In Sixty-sixth Street Sold