The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-02-05
ACCOUNTANTS BUY
$1,25O,OOO BUILDING
Take Over Pine Street Prop
erty; Mandelbaums Sell
Onion So. Apartment.

The sixteen story office building at
66-5S Pine street through TO 26 Cedar
street has been sold by the United States
Food Products Corporation to Price.
Waterhouse & Co., accountants. The
Charles +. Moves Company negotiated
the deal. The sellers acquired the prop
erty last October from Mrs. Emily b.
Hopkins through William A. White &
Sons. The property had been held at
about s1,250o0o.
The structure, formerly known as the
Wallace Building, covers plot 5oNlSo
and adjoins on the east the downtown
Association Building and on the west
the Sun Insurance Building. 1t is on
the same block with the firm of Kuhn.
Loeb & Co., Harris, Forbes Co., the
New York Life Insurance and Trust
Company and the twenty-six story In
ternational Banking Corporation Build
ing. Alexander & Green were attorneys
for the sellers and Cravath. Henderson,
Leffingwell and De Gersdorff for the
buyers.
Operators Sell Swannanoa.
Harris & Maurice Mandelbaum and
Fisher and Irving l. Levine have pur-
chased from the Dewey Realty Com
pany the Swannanoa, ten story FIRE
proof apartment house, at 1O5-lO7 East
Fifteenth street. on a plot 5Oxl00, adj
joining the Union Square Savings Bank.
at the northeast corner of Union square
The structure is arranged in four five
room suites on a floor and returns an
annual rental of about $4,000. The prop
erty was held at 100000. Harry j.
Sachs was the broker. Negotiations are
said to be we'll advanced for a resale.
Syndicate Buys AID st. Corner.
The six three and four story buildings
at 400 and 4O6 West Forty-second street
and SIT to 5S1 Ninth avenue, compris-
ing the southwest corner of those thor
oughfares, have been sold to a syndi-
cate. which intends to make improve
ments and occupy the property. The
sellers were Nora NJ. McCaffery, Mrs.
John T. Farley and the estate of Theo-
dore Tack. The buildings front 90 feet
on Ninth avenue and have depth OF
100 feet and an Il" to Forty-second
street. Edward J. Hogan and James A.
Farley were the brokers.
In 1870 the late Patrick Treacy. resi-
dent of the section. walked in blind
ing snowstorm from Forty-second street
to an auction room down town in order
TO buy the property just sold. Mr..
Treacy always had faith in the future
of Forty-second street. Some of the
present sellers inherited the parcels
from him. The property was held at
$4,000.
story Building for Madison Ave.
A corporation formed at Albany and
known as TIA Madison Avenue, Inc,
Morris Cohen president, is leasing from
Frederick Bronson for twenty-one years
with a renewal for a similar term, the
two five story buildings at 172-174 Madi-
son avenue. northwest corner of Thirty
third street, on plot fronting 49.4 feet
on Madison avenue and 80 feet on the
street The lessees plan to reimprove the
site with an office structure of probably
eight stories.
A. j. Halprin, attorney, formed the
company, which is capitalized at
100000 A few months ago Mr.. Hal
prin formed the 166 Madison Avenue
Company, which took over the dwelling
at that location and is converting it
into seven story business building.
Realty Board Dinner Tonight.
The annual dinner of the Real Estate
Board of New York will be held at
the Hotel Commodore this evening.
Chairman of the dinner committee, Eli
siia A. Sniffen. announces that he ex-
poets an attendance of between 1900 and
1900 members and guests. The speakers
will be former Gov. Smith, Elon K.
Brown, the Rev. Father Martin and
william f. Knox, vice-president of the
Bowery Savings Bank.
Residential Property Market.
Miss Susan Turner purchased from
Webb & Knapp. 445 East Fifty-seventh
street, a three story dwelling. 196x100.
The house, which is only a short distance
from the new development at Sutton
place and the East River. will be extern
sively altered by the purchaser for her
own occupancy. T. L. Beard and Brown,
wheelock Co. were the brokers in this
sale.
Dwight, Archibald & Perry. Inc, sold
for Carrie L. Lynch the two four story
store and dwellings at 132-134 Ninth
avenue. between Eighteenth and Nine
teenth streets, to Theodore Woerz and
Soloman Saikin. tenants
Victor Freund & Son, Inc, sold for the
estate of Jacob Meyer to Peter Campus
the five four story tenements 100 xs7.
at 2251 to 1853 Second avenue, south
west corner of 116th street.
Frederic II. Allen. of Frederick Zittel
& Sons, sold for John c. Freund. repre-
scented by Robert X. McClea, the north
west corner of West End avenue and
Ninety-seventh street a Ave story
dwelling. 20xS9, to a builder for alter
alton.
Restaurateurs Buy $50 Eighth Az.
Rivoll. Inc. a restaurant at $50 Eighth
avenue, bought that property from Ben
jamln Weiss. 1t is four story building
with store. 20.2x100, located so feet
north OF the northwest corner of Forty
third Street
Deals Revealed I'm Transfers.
Louis Dl Gennaro resold the two five
story tenements at 30S and 31i East
10th street. each 20xrO0.11. to Giovanni
Perruso and Francesca Laporto.
Mary j. de Busy sold to Louis and
Carmela Jeremiah the three story tene-
ment at 1850 Second avenue. 20xS0.
Petersfleld Realty Corporation (Ham-
ilton Fish president) sold to Nishan kri-
korian the five story tenement at 339
East Twenty-flrst street. 25x100.
Bertha Wolf sold TO Sarah Wall the
five story tenement and store at 1856
Lexington avenue. 25xs5. near Ninety
ninth street
Peter p. Stone sold TO Benjamin
Brockman the five story tenement at 521
East Eighty-third street 25x102.2.
william II. Daigneault the tenant
bought from tho Ambrose Realty Com