The New York herald., 1921-02-19
BIG FLATS FOR PARK
AVENUE AND DRIVE
Latter Will Cost $4,000. 900
and viii Be Biggest Ever
Built in Manhattan.
OTHER ONE COOPERATIVE
Will Go Up at Park Avenue
and Sixty-third Street at
Cost of ST, ,250,000.

With the diminution OF building &C
tivity in the commercial field big
apartment house constructors are re-
entering the lists. The latest and most
conclusive evidence OF this was given
yesterday In the dual announcement of
plans for the erection OF monstrous
| apartment houses on Riverside Drive
and Park avenue.
The Drive project will so up on the
block between 162d and i63d streets a
plot of thirty lots, 204 feet on the Drive,
975 feet on l63d street and 356 feet on
162d street. The land was sold yester-
day by Harris & Maurice Mandelbaum
and Fisher a. Irving I. Levine to a
corporation which announces that 1t
will at once start work on the apart
ment house. The project will cost up
ward of $S.0oo,00o.
The brokers, Charles Griffith & Eu-
gene Moses & Co., who made the sale,
have also procured for the purchasers
building loan of 1,2S00o0 from the
Metropolitan Life Insurance Company,
supplemented by long term amortized
mortgages.
IA story Structure for Park Ave.
The Park avenue project will be CO.
operatively owned. 1t involves the
southeast corner Of Sixty-third street.
75.3 feet on the avenue and 1oO feet on
the street. Samuel Augenblick, who
bought the property last November
| from the Boardman estate and Julia
! T. Il. Kannon, has given an option Tor
q twenty-one year lease TO a company
| represented by Douglas l.. Elliman &
Co.. Inc. which announces that 1t IS
| ready to start work next May on n
! fourteen story structure arranged IN
/ about seventy suites OF three. -FOUR ana
| five rooms, and estimated TO cost ~, 40
| coo The company plans TO retain one
| third of the apartments. and Will dis
\ pose of the remainder either by sale
! or lease. Already number of the
suites have been sold. 1t is understood
that a three room suite VIII rent for
about $500 per aDnum. and can be pur-
| chased outright for five years rental
| or approximately sl2,5oo. Louis b. Brod-
sky. attorney, represented Mr.. Augen-
blick.
Sells Lower West Side Parcels.
Hall ]. How & Co. sold for Charles
Astor Bristed the vacant block front
on the east side of Seventh avenue
extension, between West Houston and
Downing streets, with frontages OF bS.
ia and 1911 feet respectively. The
buyer will improve the plot. The same
brokers also sold for Mr.. Bristed the
three story stable at 3S7 to 3sl West
! Twelfth street, on plot 6oxi4z, De-
tween Washington and West streets.
The new owner will use 1t for his
! business.
In the Dwelling Market.
A. Basil Casey sold to a client of
d. H. Scully & Co. tho six three story
dwellings at 60 to 20 East 130th street,
each l6.Sx100, between Park and Madi-
son avenues.
The residence of the late Willinm
Dean Howells. four story mouse AZ SO
East Seventy-thlrd street, 17xS2.2, is
reported to have been purchased by
Milton Dreyfoos.
James III. Cruikshank purchased
from Julia A. Sayre Of California
139-141 West 129th street. near Sey-
enth avenue. two three story residences.
each 16.8xl00. and also 140 West 1S1st
street near Seventh avenue. four story
dwelling, 16.sx100. Harry Sugarman
was the troker.
George Debevoise sold the five story
and basement dwelling. 1852 East Thirty
eighth street to client of Frank j.
Cassidy.
MuItifamiIy House Sales.
Samuel II. Martin sold 44-46 West
Sixty fifth street. a Ave story fiat, for
the estate of Jessie 3. Wright Prop
erty has been held by the Wright fam
lily since 1869.
VIM. A. White & Sons sold for the
| Morse estate to an investing client Of
Albert b. Ashforth. Inc. the five story
apartment building, with store, 20x100.
at us Madison avenue. east side, 40
feet north OF Sixty-third stree.
The Dormond Realty Company, ST.
mon Myers president, bought from FL
sic Boyd 1881 to 1886 Third avenue
/ ha+ OJota 10oH ofra nj
East 1920 street four 1ve story fats,
each with two stores and four three
room suites on n floor, on lots 25x100.
The property has been owned by the
selling family for several years and has
ten year first mortgages.
Jacob j. Tabolt sold the four story
tenement at 55S West Forty fourth
street 15xs0. adjoining the corner of
Eleventh avenue.
Harry Sugar1nan sold for the Harsug
Realty Company 127 Eost 112th street.
adjoining Lexington avenue a six story
new law fiat. 26x100.
Lewis H. May Company sold for Bar
ton II. cabin promises 1863 Clinton street,
adjoining the corner OF Grand street. a
i've story tenement with stores. 25x5O.
to 100 East Broadway Corporation.
Deals Revealed In Transfers,
The two four story houses at $50
East Sixty-first street, 20 and 1exi0O.5
respectively. have been acquired by n
purchaser under the title of the Cedar
Rivers Corporation. The houses are
west OF Park avenue. No. As was re-
Gently conveyed by Percival Wilds. az
trustee. and No. 80 was conveyed by
the No 80 East Sixty-first Street Com
psny. The latter parcel is scheduled
TO be offered in foreclosure next
Wednesday by Joseph p. Day.
The 42s West Nineteenth Street Cor
poration sold to u. n. Berry the four
story garage at i2S-4So West Nineteenth
street. 50x92.
Metropolitan Trust Company sold 10
Charles Brancati the six story tene-
ment i94i-laf3 First avenue, 40xl00.
pnrtho Mayar sold 10 Taidor a bra ha m