The New York herald., 1921-04-01
BUYS BLOCK FRONT
IN HERALD SQUARE
Greenwich Savings Bank Will
Build New Home on Site of
Sheridan Building.

On the site Of the old Sheridan Build
ing, landmark in Herald Square, the
Greenwich Savings Bank will erect
handsome new home costing between
So. 900, 900 and $3.0O0.000 Charles Nj.
butcher. president Of the bank. sigped
the contracts yesterday for tho purchase
OF the property from the heirs OF Ed
ward Van Ingen. who was large holder
of realty in that section. TAe Sheridan
Building occupies plot of ~, 900 square
feet, covering the entire block front
on the north side of Thirty-sixth street,
between Broadway and Sixth avenue II
is opposite the rear of the old Herald
Building
Work on the banks new home will no.
be started until the expiration of the
leases on the Sheridan Building In May.
1922. No definite plans have been drawn
up for the new banking structure as yet.
They may take the form of an office
building, partly occupied by the bank
and the remainder of the space leased
to business concerns, or the main build
ing may be built for the exclusive use df
the bank. with stores on the Broadway
and Sixth avenue frontages. The bank
is now located at Sixth avenue and Six
teenth street, in a building which 1t
erected in 1892.
The Sheridan Building Is n two story
and basement. taxpayer fronting 100 feet
on Thirty-sixth street, 9s.9 feet on Sixth
avenue and 1859 feet on Broadway.
The adjoining parcels at 625 and 627
Sixth avenue, also owned by the Van
Ingen estate. are not included in the
sale, which was negotiated by Horace s.
Ely q Co. in conjuction with Brown.
Wheelock & Co. Middlebrook & Borland
were the attorneys for the bank and
Simpson, Thatcher g. Bartlett for the
Van Ingen estate.
While the price of the land was not
divuiged, 1t is known that the estate
valued it at between s1.50o.o00 and
81. 100000. 1t Is the second bit of prop
erty sold by the heirs since Mr.. Van
Ingen's death last December.
AS far back as 1887 MIR. Van Ingen
appreciated the possibilities of the
Broadway districe between the Herald
Square section and Forty-second street
and began the accumulation Of property
there. He acquired a plot at Broadway
and Forty-first street, which he finally
increased to $1,000 square feet, for the
purchase OF which active negotiations are
now under way. He bought the Sheri-
dan Building in 1895.
During the last year or two the Her
aid Square section has seen it's share of
big deals. Horace S. Ely & Co alone
negotiated the sale of the Marbridge
Building. tbe Martinique Hotel and the
Martin Building.
MuItifamiIy Properties Sold.
Arthur Cutler 6 Co sold for jeanette
No. G..A -. -
25x100.11, at 800 West 119th street.
Goodwin & Goodwin sold for Theresa
Goldsmith the five story double fiat, 36.e
MOO. at 1875 Seventh avenue, adjoining
the corner Of 10th street.
Maxwell Moser sold for Oscar Green
stein the six story fiat at 135-137 East
i14th street, 44x100, held at $4,000.
Charles kimmelman sold TO Solomon
Dolger the five story apartment at 644
West Hist street. 75xl0O. between
Broadway and Fort Washington avenue
Cammann, Voorhees, & Floyd sold for
w. r. Brown the six story tenement at
90 Goerck street, 25x100.
Frederick w. Kroehle bought from Sa-
rah Ressler 365 East Seventy-sixth
street. a four story flat, 25x102.2.
Porter & Co. sold for Clinton Gilbert
the five story fiat, with stores. at 419
West 125th street.
Post Office for Dyckman Section.
After five year battle by business
concerns and residents the Dyckman
and Inwood sections will have their own
post office. Arrangements have been
completed for leasing the store at 1850
Tenth avenue. In tho building at the
southwest corner of 2eIth street. at the
foot OF the subway stairs. The lease
dates from May 1.
Tn the Dwelling Market.
Douglas l.. Gilman & Co. sold for Mrs.
Gerso Mayer the four story dwelling.
17x102.2. at ~ East Seventy ninth
street. to Harry Fischel, who will alter
the house and present 1t to his daughter
as a wedding gift.
Clarence G. Rothschild sold to a clienl
Of Fernando Wood the four story dwell
ing at East Sixty-seventh street, 81
MODS. near Fifth avenue.
The Drive Holding Company resold TO
Lillian Miller the five story dwelling at
259 West Eighty-cighth street, 16x102.2.
The CusaclS Company sold the three
story dwelling, 13l West Ninety-second
street, for Cora G. McQuade to J. Hoff-
man.
other Sales In Manhattan.
Abraham Saffir sold for the estate OF
Morris Blum the four story building at
s74 Second avenue. 20x125. 70 l. Dank-
owitz. This is the first sale OF the prop
trty in thirty years. The same broker
stld for Judge Henry w. Unger the ad-
joining house. at 972 Second avenue, a
four story building. 2oxso.
T. & M. Schaefer Brewing Company
sold TO I. Montefiore Levy. as attorney.
the premises, 26xt00. at S12 West 112th
street. This Is the first sale OF the
property since IL was built, about fif
tten years ago.
Joseph z. Day sold for Mrs. Anna II.
Winchester the northeast corner OF
Grand and Lewis streets. three story
building. 20x5S, to tho Maiden Realty
Corporation.
PIayv right 10 Build own Theatre.
Earl Carroll, playwright has leased
Tie southeast corner OF Seventh avenue
and Fiftieth street az a site for the
atre and four story building. from tho
Joseph Grafton estate. The corner
property. f0ox100. which was controlled
IL J. Arthur Fischer under lease. was
purchased by the Grafton estate. TIVE
DAYS ago the owners purchased tho adj
Joining houses at 160 and 163 West
Fffticth street from Adna and James
q. Miller. through Harris. Vought a Co.
George Kcister, architect, is drawing
plans for the structure and tho theatre.
with seating capacity OF 1000, with
stores costing about $500. 600. The lease
To- tgrxtN 40 ,saar~ at "a