The New York herald., 1921-06-04
WILL BUILD FLATS
AROUND THEATRE
Max j. Kramer Buys B'way
Block Formerly Owned by
MOntefiOre Home.


Col Michael j. Friedsam president Of
b. Altman & Co, has sold the block
bounded by Broadway. 1Ssth and 1Ssth
streets and Hamilton place to Max J..
Kramer, who has plans prepared for its
Improvement with apartment houses, a
large theatre and office buildings with
stores on the Broadway frontage. George
R. Read & Co. were the brokers
The plot fronts about 200 feet on
Broadway, 217 feet on Hamilton place,
l40 feet on 13sth street and 225 feet on
139th street. Mr. Kramer, ii is said, in
tends to put up theatre with an en-
trance on Broadway. which will seat
$500 persons The theatre will be sit
uated in the interior of the block. and
the remainder of the plot will be later
developed with apartment houses
1t is said the price paid by Mr..
Kramer was 100000. This. together
with the cost of improvements, which
the buyer plans to begin Immediately,
will represent an outlay of more than
sl,000,000. Less than year ago the
plot was reported sold. but the contract
was not signed because the buyer de-
sired to improve the site with buildings
the nature of which was finally disap-
proved by the Board of Standards and
Appeals
The site was once part Of the old
Montefiore Home. Last January it was
reported that the New York Yankees had
purchased the MonteffoSe Home site. to
the southeast of this plot, for a stadium.
The deal was never consummated, as the
baseball club later purchased the Bronx
site on the Harlem River between East
l57th and 161st streets and Macombs
Dam Bridge.
Buyer TO Improve Heights Plot.
The vacant plot, S0x1S2xS0x172, at
the northeast corner of Broadway and
West 1S2d street has been sold by the
heirs of the late Edward Schell The
purchaser. client of David Stewart.
will improve the site, which has not
changed hands since 1874.
Two Bronx Flats Planned.
Plans have been filed for a six story
apartment house, 129.2x117.9. at the
northeast corner of Kingsbridge road
and Webb avenue for the Harding Con-
structon Company. Isaac Silverman
president Charles Krymborg, architect.
estimates the cost at S220,000.
Plans have also been filed for a FIVE
story apartment house, 107.5xS1,3, at the
southeast corner of Walton avenue and
Realty Company, Rheinwald Kroester
president Charles Krymborg. architect.
estimates the cost at s175,000.
MuItifamiIy House Sales.
Ennis & Sinnott, Inc. resold their con-
tract to purchase 70 Sherman avenue,
southeast corner of Dyckman street, a
five story apartment house, 5Oxl0o feet,
containing suites of three and four
rooms and stores. renting for $4,000 per
annum and held at $4,000. to an invest
ing client OF Charles s. Kohler. Inc,
who sold the property to them about a
week ago.
The six story elevator apartment
house. with stores, known as Dallas
Court. at the southwest corner OF
Broadway and 14ith street, has been
transferred by the George A. Fisher
Company TO Bessie Wartels and Annie
Mirken. The structure fronts l0J feet
on Broadway and 80 feet on l4ith street.
The property carries mortgage for
$780, 900, and the sellers allow second
loan of $4,000 TO remain.
Lusonray Holding Company sold to
William +. Sheridan the Bordeau, a six
story elevator apartment house at the
southeast corner of Riverside Drive aAd
i27th street. on plot 116x96. There is a
for $3.50 900 on the property
lat Iuh pf ri
East Fourteenth street. has purchased
from Bette Muller the adjoining four
story building at 233, 26x10S.3, near Sec
ond avenue.
Browr- Wheelock Company, Inc, and
Frank Sullivan sold for the oronodue
Realty Corporation 20 and 207 East 1llth
street. a six story new law tenement
housz, 35xlO0, held at $4,000.
JCjnn H. Lawrence sold i12 Amsterdam
avsnue. an apartment house containing
thirteen suites of four rooms and bath
apd two stores. 25xl0o. William J.
smiley was the seller and Jay LASER
the purchaser.
Henry l.. Bloch OF Arthur Cutler &
Co. sold for Philip Wattenberg. 2i9 to
253 West 112th street. three five story new
law houses. 112.6xloo. and renting Cor
$40. 900. The property was held at slI6,-
OoO
Julius Bash sold to Charles Miller
1i05 Fifth avenue. a five story apart
ment house, 25.3x100.
Augusta Larson sold TO Rose G.. Sell
linger 519 and 521 West 152d street, a
five story apartment house. 50xlO0
Hotel BelIecIaire In New Hands.
The ten story Hotel Beleclaire, at
2i71 to 2177 Broadway. southwest cor
ner OF Seventy-seventh street. has passed
10 the control of r. w. Guzzardi. who
las secured lease of the property for
the remainder OF tile term which Rob-
ert D. Blackman. former proprietor. had
from Herbert DuPuy
Loaus 100000 for Apartments.
The Metropolitan Life Insurance Com
pany has loaned 100000 to the Klein
Improvement Company for construction
of five story apartments on the north
side OF 1881 street. 12S feet west OF