New-York tribune., 1921-03-03
Tax Exemption
Starts Home
Building Here
Fifteen Large and Small
Apartment Buildings Will
Be Erected Immediately
on Sites Bought Yesterday

Atcs were purchased yesterday fer
s.seeu small and large apartment
houses. the hrst reported for Man
haitian since the passing Of the tax
...enption. One Of these, a nine-story
s.v,eture. will be erected in West
riftv-ffth Street. Fourteen will so up
in the Dyckman section.
julius Tishman & Sons, Inc, pur-
chased ll0-120 West Fifty-hfth Street,
10OxlO0, on the south side OF the
street. 10 feet west Of Sixth Avenue,
and plan the immediate construction Of
8 nine-story apartment, laid out IN
small suites. Ii is intended TO COM
plete the building for occupancy by
October I. The estimated cost Of the
operation will be 100000 The Brown,
Wheelock Company. Inc, negotiated the
ssie and has procured for the buyers
.org-term building and pernlane 1T loans.
Flats for Dyckman Section
Twelve lots on the east side of Yer
uilvea Avenue. 100 feet north Of Dyck-
xaan Street, have been bought from
robert <. Dowing, president CT the
City Investing Company. by the newly
formed Mohawk Holding Company, in
which are Lorne A. Scott, builder. and
Walter Haefeli. architect. The deal
was negotiated by Electus T. Backus
and Frank L. Smith, who have also
procured from the Metropolitan Life
Insurance Company four building loans
Of $4,000 each for eth improvement of
the site, with four 50-foot apartments
work on which will start immediately.
I il hoped to have the fats ready
:Or occupancy by July !. The opera
Ton VII involve about S600,Q00 The
ste measures 200Xl50, so that each
house WI. stand on q plot 50xl50.
All the suites will be OF four rooms.
This is the second recent instance
OF the Metropolitan Life Insurance
Company agreeing to finance large
apartment shortage IN Manhattan Ten
days ago there was announced the
sale o. the thirty lots comprising the
block front on the east side of River
side Drive, between 162d and 1881
Streets, 10 builders, who plan to erect
I'VE S.x-story elevator apartments For
this operation the Metropolitan will
advance building loan OF Sl,250,00o.
Hillside Avenue New Homes
A. y. Gitternlan sold for De Witt c.
Cohen and others the blot at the north
east corner OF Hillside Avenue and
Bosardus Place, IN the Dyckman sec
ton. The property fronts 80 feet on
Hillside Avenue and 2s2 feet on Bo-
eardus Place. and has been purchased
by the Bogardus Building Corporation.
which plans 10 erect ten tvo-family
houses on the site.
Plans hare been fled for the cree
ton O. three two-story and basement
brick ana stone two-family houses, with
three-car garages. on the corner Of Hill
side Avenue ard Bogardus Place, from
plans by Edward J. Hamel, architect.
Trading in Flats
Henry 5. krischner and the Sherman
Brokerage Company sold the leasehold
6. tie northeast corner of Madison
Avenue and l0Sth Street TO L. II. Sheln-
at FOR Improvement, with a three
s,ory building
Isaac Goldstein sold to Samuel Op-
penneimer and Herman Feldman the
aVs-story fat 1867 Madison Avenue.
hate Angelo sold TO Susan V. Nc
Farland the two i've story fats $50 and
S52 West T fty-sixth Street, 60x10O.
Ferdinand H. Stellhorn sold to Jacob
Vogel tine fve-story fat and stores 7O5
Amsterdam Avenue at Ninety-fourth
Street 25x32
he Re7. James a. McAleesc sold 10
Jacob Sparrow the three-story house
and store 2sl West Fourth Street,
l72x50
Rose Kingston cold to Edward E.
Doraa the four-story fiat 524 West 1924
Street, 176x99.11.
Louis Rivzin sold TO Mendel Silver
man the iiYe-story fat 50 East 11eth
Street, Z0x1001l
Jacob Gottleio sold TO Solomon
Simon the six-story fat So and 10 East
18th Street, 5Ox10O.
TIE Lewis H. May Company sold for
the Marine Corporation 233 Eas. 127th
street, rnree-story tenement, to An
tluln l1rarL-n