The New York herald., 1921-01-29
100000 LEASE
CLOSED ON 9Th AVE.
Leather Dealers Rent New
Peck & Peck Building for
81 Year Period.


terday from Peck & Peek hosiery deal
crs Of $50 Fifth avenue, for a period OF
twenty-one years. The building sronts
thirty feet on tho cast side OF Fifth ave-
nue.. between Forty-seventh and Forty
eighth streets, and has a depth Of l25
feet.
Peck & Peck bought the property in
December, 1919, from the estate Of j. b.
Haggin and employed G. A. & II. Boehm,
architects, TO erect a ten story business
building on the site for their own occu-
pancy. These plans were changed re-
Gently and the owners decided to lease
the building. Crouch & Fitzgerald will
obtain possession of the property as soon
as the building is finished Frank ID.
WELLER and J. l. Robertson were the
brokers in the transaction.
Insurance Co. Sells the Monterey.
The Monterey apartments at II Morn
ingside avenue. occupying the lower half
Of the block bounded by 1lith and 1l5th
streets, Morningsidc and Manhattan
avenues. have been sold by the Manhat-
tan Life Insurance Company 10 the 30
West 114th Street Realty Company,
formed recently at Albany The struc-
ture was valued at 100000 and was ac-
quired by the insurance company last
October on a bid of $500, 900. II stands
on a plot fronting 11S.9 feet on Morning
side avenue, 100.11 feet on Manhattan
avenue mad 6S.3 feet on 114th street,
with a northerly line of 1901 feet. The
directors of the new company are
Lazarus Reit, lawyer L. Lain and D. S.
Simson.
story Flat for West 10th st.
L. ]. Phillips & Co. sold to Herman
Axelrod, of ]. Axelrod 6 Son, builders,
125 to 129 West Seventy sixth street, for
Abby T. Briggs. Susan r. Iawton and
the William c. Flanagan estate. IL.
Nelson F'lannigaa executor. respectively.
The houses are an four story and base
nent high stoop dwciirgs and form
u plot 63x102.2 The buj'diug VIII be
demolished and tho site improved with
an apartment house o, n'ne stories
Plans are being prepared and the opera
tion will be commenced so that the Snuc-
ture will be ready for occupancy In the
spring of 1922
Among the Dwelling Buyers.
Slawson & Hobbs sold for Peter w.
Foy 311 West Nineteth street, three
story dwelling. 20x55xi00.
Samuel A. Kelsey sold for Albert II.
Stout 2S4 West 18th street, a four story
dwelling. 15x99.11. to a client from
Peekskill, y. Y, who will occupy next
October; also sold for James l.. Van
SAINT 223 West 10th street, three story
dwelling, 16.Sx100, to William Z. Austin.
Ernest r. Bower sold for Mrs. Emma
J. Mead the three story dwelling at 9
West 122d street. ls.7x100.
Meister Builders. Inc. purchased from
3. J. Bonime a three and half story
dwelling at 81 West 15ith street, 16Sx
99.11.
Option TO Buy In Hotel Lease.
The lease of the Athens Hotel prop
erty, on Forty-second street, Madison
avenue and Forty-first street, to the st.
Cloud Hotel Company. reported yester-
day, carries an option of purchase within
five years at S1,75O.O00. The lease just
recorded calls for net annual rental of
from $780, 600 to. 100000. Demetri Poly
nero, owner of the property. is said to
have lately refused an offer of 1900 900.
He bought the main portion twenty
years ago. and in 1909 added the Mad
ison avenue parcel. The whole property
is said to have cost him less than half
what he has been offered George d.
Matthews was the broker in the recent
lease OF the property.
Other Deal. i'm Manhattan.
W. ]. Huston & Son sold for the
Pinkney estate a vacant lot. 25x99.11. on
the south side of 1f4th street, $50 feet
east of Lenox avenue. to Mary Mullin.
who recently acquired the adjoining
twenty-five foot plot to the west for
garage site.
Hiram Rinaldo sold for Henry A.
Goldman 70 Barnet oliedman the five
story business building at 217 Bowery,
on a lot 2Sxe6.
Henry Shapiro & Co. sold for Abraham
Goldberg the three story business build
ing at Norfolk street.
J. S. Maxwell sold for Nathan FEEDER
green 347s Broadway. southeast corner
Of 142d street. a remodelled four story
building with six stores and apartments,
on lot 20x70. The sale carries imme-
diate possession.
Operator Buys Harlem Theatres.
Kelth's Harlem opera House and the
adjoining Apollo Theatre. on West 125th
street, through to ZIG and 22S West l26th
street. have been sold BY the Lichten-
stein estate. which valued them at more
than $4,000 to Paul VI. Herzog, lawyer
and realty operator The Apollo is a
five story structure. with the lobby
to the opera house having n frontage
OF 20 feet on 10th street The property
extends through 200 feet. rs feet west
OF Seventh avenue. TO 126th street.
where the main section OF the Harlem
Opera House stands on a frontage OF
$50 feet. Adjoining is Keith's Alhambra
Theatre. The theatre properties have
been owned by the Lichtensteln estate
since 1897 NJ. Morgenthau. Jr. Com
pany were the brokers.
Deals Revealed I'm Transfers.
Karl Hildenbrand sold to katherine
Begley the three story garage at 60
East Nlnetieth street. 1s.6XlO0.S.
Thomas A. McGoldrlck sold to Pat
rick Lenihan for $1,000 the four story
tenement at 51i West Fifty-first street,
25x1005.
Peter Rohrs sold 10 German Schmon-
sees the four story tenement at 500
West Forty-ninth street. 25XiO05.
julia u. Randolph sold 20 Nathan
Talpein the four story tenement at 2l3
East Twenty-ninth street, 15xeS.9
Nelson 7. Aslel. tenant. bought from
Irma a. Bloomingdalc tho five story
America basement dwelling at 10 East
Sixty-third street 25XiOo5.
Frederick Lcwisohu and others. ex-
ecutors, sold for $4,000 i01 Riverside
HOTELS AND RESTAURANTS.