The New York herald., 1921-03-09
RENTS SITE FOR BIG
57TH ST. BUILDING
Fred. Brown Sees Opportunity
in New Retail Trade Zone
West Of Fifth Avenue.

Frederick Brown. the operator, leased
three old apartment houses on West
Fifty-seventh and Fifty-eighth streets,
near Sixth avenue, and announced yes
terday that as soon as building condi-
tions are more settled he would i'm
prove the site, which contains 1900
square feet with ten or fifteen story
store and Office building Mr. Brown
said he was influenced IN ertering into
the deal by the rapid extension of the
retail business section along Fifty
seventh street west Of Fifth avenue.
The lease involves the old fashioned
Soncy apartments at 40 and 50 West
Fifty-sevonth street. having frontage
Of 200 feet, and the Blerheim ard Bilt-
more apartments In the rear having
frontage of 100 feet on Fifty-eighth
street. All are seven story structures
owned by the estate OF John w. Siplp-
son, from which Mr. Brown acquired
lease for twenty-one years, with two re-
newal privileges. making total term
of sixty-three years For this lease
Mr.. Brown announced yesterday he will
pay an aggregate rental of S5,00O,OO0.
The site is the largest available one
in the entire section. 1t is west OF the
graceful Cathedral of Commerce" which
George Backer is building for August
Heckscher at the southwest corner Of
Fifth avenue and Fifty-seventh street
and is about equidistant between the
Fifty-seventh and Fifth avenue sta
tions of the Broadway-Seventh avenue
subway. 1t is but few steps from the
Sixth avenue Il" station at Fifty
eighth street
Mr.. Brown was represented in the
transaction by julius II. Ziesser. and
the executors of the Simpson estate
Philip G.. Bartlett. Dwight w. Morrow
n p
ed by Hamilton c. Rickaby Of Simpson,
Thatcher & Bartlett. attorneys. Ber-
rard Smith & Sons were the brokers.
Big Garage Leased From Plans.
The Chelsea-Moore Corporation, which
plans to erect a four story garage
fronting EOS feet on the north side Of
West Twenty-third street and 101 feet
on the east side Of Thirteenth avenue
has leased the proposed building for
twenty-one years at an aggregate rental
of s1,400.00o.
The lessees OF the building, which will
cover a plot containing 10000 square
feet, are Silkovitz. Levi 4 Simkovitz
The new structure will accommodate
400 cars and is to be erected by the
Standard Concrete Steel CoHpany.
Plans have been drawn by w. w. Far
rar, architect. James n. Wells's Sons
arranged the transaction.
Sells Small Wall street Parcel.
In tho vesey street auction sales
room yesterday Bryan Z. Kennedy sold
in partition for $1,000 the small interior
parcel, 1o.7x231x12.7x in tho rear
OF lie and 11S Wall street and 81 and
62 South street. Particular interest
attached to this offering because it was
reported that more than 100 persons
We're defendants in the partition action,
which was brought by the Lawyers
Realty Company on behalf Of a large
sugar concern, TO clear title. The plain
tiff acquired the property on a single
bid.
other Deals In Manhattan.
Daniel Is. Freedman resold to the
tenant the four story business building
at S12 Eighth avenue. adjoining the
northeast corner of Forty-ninth street,
25x100 purchased last week by Mr..
Freedman from the estate OF Frances
Adelaide Lawrance. Harold l.. Lewis
was the broker in both transactions.
James L. Van SAINT resold through
David Pheiffer 10 Philip Silverman 125
and 127 East 129th street, four story
stable, 50x100. which the seller recently
purchased from tho Payne estate. The
building will be used for furniture
warehouse.
Joseph NJ. May sold for S. Liebmanns
Sons Brewing Company to Beck q
Fleischer, tenants, the four story brick
building at 272 East Third street
Tankoos, Smith & Co. leased for the
305 Broadway Company. represented By
n. S. Ely & Co. agents, the northerly
store at 800 Broadway in the Langdon
Building, at the northwest corner Broad
way and Duane street 10 the Robey Hat
Stores, Inc, operating a chain of stores.
Apartment and Flat sales.
W. II. Ebbltt Company sold for Ed
mund Baylies the FIVE story apartment
house at the southeast corner OF Am
sterdam ~re and N179th street to
y. H. Jackson.
a. 9. Thompson Company sold 125
West 1854 street. a five story apartment
house, 27x100 for Frances s. Braun, IN
Fannie L. Wood
Everett NJ. Seixas Company sold for
William = Taylor his apartment in tx
West Slxty-seventh street 10 Mrs. Mabel
4. Mordhurst, Albert 3. Ashforth rnc
were associate brokers
In the Dwelling Market.
Mulvihill & Co. resold for lula Diuor
the three story dwelling at as East 12stb
street. 2ox100. to Mary A. Brosnan.
Fitz Howell sold for Mary r. Brouner
represented by De Witt. Lockman & De
WIT, the three story dwelling. 15xse.lr.
at 51a West i31th street to James n
Goodwin. The same broker also regold
for Thomas H. Marsh the three story
dwelling, 19.GxS9.11. at col West fsoth
street 70 julia Birmingham for occu-
pancy.
Sidney l. Warsawer sold FOR the sine
vail Realities CORPORATION the three story