The New York herald., 1921-08-06
SS,OOO,OOO RENTAL
FOR 4TH AVE. PLOT
Operators Lease Old Packard
School Site Across From
Metropolitan Tower.

Rentals agsrsgating s3,0a0,000 will be
paid BY Louis b. Brodsky and Samuel
Augenollc'S sov the old Packard School
avenue and Twenty-lhirl street. which
the operators have leased for a period
Of forty-two years. The ease. which Is
one OF the la;ses. closed along Fourth
Horace S, Ely a Co. from the Office
Realities. Inc. representing clients OF
Masten & Nichols attorneys.
The property is opposite the Metro
scraper. 1t fronts 100 feet on the ave-
nue. and 156 feet on the street On the
corner IS four story building. which
the lessees plan to mode-rjze with stores
and offices. The casterly end OF the site
is a vacant plot measuring SiNl1ox ir-
regular. Here the lcssees will erect
store and Office building, on which work
will be started within few weeks. The
height of this building has not been
decided on.
interests. who purchased the property
about fifteen years ago from the Horton
family. The ely company win manage
the property and act as agents for the
buildings.
The lessees have figured as principals
In some of the most sensational deals
closed within the last year. Only re-
Gently they leased for s5.o00.o00, with
an option Of purchase. the Navarro fats,
occupying the block fror' on the east
side OF Seventh avenue. between Fifty
eighth and Fifty-ninth streets. They
also purchased the Liberty and Julian
Eltinge theatres for price said to be
about $2.000,000, and bought 500 lots in
the Riverdale section OF The Bronx.
Sam Mondschein New York's youngest
operator. has sold 964 Simpson street, a
five story apartment house. 40x1O0.
showing q rent roll Of $1,000, and 631
East 13Sth street a Ave story apartment
house. 40x100. He has also purchased
two building plots on Terrace View ave-
nue.. Marble Hill The transactions in
volve over 100000. julie, Nehring was
the broker. The boy opel ator has Just
passed hts twenty-frst birthday.
Tenants Buy 81 Bcekman street.
Booth & CO.. dealers IN sheepskins
who have occuped the FIVE story store
building at 81 Beekman street for SOW
erel years, have purchased the property
from Eddy Palmer, ~ trustee, for
$4,000. The building, which extends
through thu block 10 81 Ann street
covers a plot 23.1x11S.5x irregular 1t
Is about AZ feet north Of Gold street.
Among the Dwelling Buyers.
John II. Pierce sold for Virginia Pat
terson 207 West 130th street. three
story dwelling. 16.sx100. This is the first
sale of the property in forty-three years
VI. "A. Gaillard 4 Co. sold for Abraham
Lufger to Mrs. Emily Koke the four
story dwelling at 1873 West Eighty-first
street. The purchaser will occupy the
house, which sold for s2S.500. David
Friedman represented the purchaser as
attorney.
Crist & Herrick sold for Carl F. G..
kleinschmid. the dwelling at 81 Perry
street. and for Emma Guerber and Clara
A. Feste the store and dwelling at 347
Bleeckcr street to Marie c. Graziano
HaggstromCall Company sold for
Howard A. Raymond the four story
dwelling at 11o West Sixty-first street
20xl0o.
John j. Hoeckh. Inc. sold for Philip
Goldberg $40 West Forty sixth street.
three story dwelling. 20x100. This Is the
last of nine dwellings in this block which
Mr. Goldberg bought at the Astor auc-
ton.
VIM. A. White & Sons sold SO West
Fifty-fourth street, a five story dwelling,
13x65x125. held at $4,000.
James II. Crukshank resold to Lena
Holder ESQ West 131st street, three story
dwelling, 17.6x100. held at s14,50o. j.
A. Durant was the broker.