The New York herald., 1921-03-19
REALESTATE NEWS,
NOTES AND GOSSIP
Frederick Brown Trades Fifth
Avenue Building for Estate
at Ridgefield, Conn.

The ten story business building at rs
Fifth avenue, 30x107. adjoining the
southwest corner of Fourteenth street.
was sold yesterday by Frederick Brown.
the operator. to an investing client OF
Osgood Pell & Co. The property was
held at 100000 and has a rental re-
turn of S35.0e0. III part payment Mr..
Brown takes ninety acre estate in
Ridgefield Conn. containing a modern
fourteen room residence with three
baths The property has three acre
frontage on Lake Mananasco and Is sit
uated near the top OF Barrack Hill.
Van Ingen Estate Sells 4 Parcels.
The estate of the late Edward H. Van
Ingen has sold four altered dwellings
at to 10 West Twenty first street 10
Ray Hoffman. represented by Mclean
& Co, brokers. Horace s. Ely 4 Co.
negotiated the deal. This is the first sale
OF any OF the extensive realty holdings
Of Mr.. Van Ingen. Negotiations. II is
reported. are under way for the pur-
chase of other holdings, including the
Sheridan Building, at Broadway and
Thirty-sixth street: the Holland Build
ing. at Broadway and Fortieth street,
and Fifth avenue corner opposite the
residence of Senator Clark. The West
Twenty-first street properties occupy
plot 102.6x92. The houses are occupied
by business firms.
Playground VIII BE "A Garage.
The Business Exchange leased for the
Wendell estate TO the Community Ga
RACES. George l.. Stivers president, the
plot, 120x70, on the west side of West
Broadway. sixty feet north OF Grand
street. for twenty-one years. at a net
rental. The plot has been used for
years by the estate as a playground for
children The lessees will improve with
a garage for the use of the bondholders.
Plans have been prepared BY S. A. Mont
gomery and building contract has been
given to Thomas ]. Tanning. Thompson,
Koss & Warren represented the Wendell
estate.
Buys Lease on Hooven Building.
William S. Suesman. Inc. sold for the
Hooven Service Corporation their lease
hold on the seven story Hooven Build
ing, 117-119 West Forty-sixth street. TO
Otto Braunworth. The transaction In
volved about s250oo0. William S. Suss-
man. Inc. as appointed agent of the
building.
100000 Lease on the Heights.
The National Drug Stores Corpora
ton, r. S. Wattley president-treasurer.
HAS ledSeQ lne Two story OullulnB WIN
stores at the southeast corner OF St
Nicholas avenue and 1S1st street. near
the subway station. from Melville H.
Bearns for twenty-one years at an ag-
gregate rental of between 100000 and
100000. The lessees will use tho cor
ncr store for branch establishment
and rent the remainder of the space
The company now has fifteen stores in
New York city.
More Chop suey for Broadway.
c. William Lynch of Dwight, Archi-
bald & Perry. Inc. leased the second
floor in 1904 Broadway and 732 Seventh
avenue to Chin Lee of Providence, r. l.,
for a restaurant. at an aggregate rental
of about s5o0,000,
Loan 100000 on "Co-op', Flat.
Lawrence, Blake & Jewell have ar
ranged a first mortgage of 100000 at
per cent. for ten years. on the ten
story fireproof apartment house, 75x
100. at 40 East Sixty-second street,
which was recently sold TO a tenant
group by Douglas l.. Elliman & Co.
Business Properties Sold.
Through the purchase OF lot on