The New York herald., 1921-05-18
HEARST COMPLETES
SITE FOR BUILDING
Will Put Up % Story Struc-
ture in Columbus Circle;
Also Leases Downtown.

William r. Hearst has completed the
Ave story building which he plans to
put mp on Fsfty-eizhth and F'ifty-nnth
streets. just west OF Columbus Circle. to
house his various enterprises In the
East. The publisher also leased the six
story building. 70xl90, at ~ to 96 Gold
street and the two story building In the
rear, at and IT Jacob street. which
he will combine and use for an auxiliary
downtown printing plant for his news
papers in this city.
The Columbus Circle skyscraper site
was completed by the purchase Of the
Eve story tenement. 125xl0o.5 at $40 to
3SS West Flfty-rinth street: the five
story tenement, 25xl00. at s2s West
Fifty-ninth street, and the tenements at
343, 345 and BAT West Fifty eighth
street The owners OF the properties
were the Pacific Realty Company, the
Brownstone Realty Company, Salo Cohn,
Stuart Hirschman and Walter Thomp-
son, respectively. The various proper
ties will be transferred to the Veronica
Realty Corporation, Mr.. Hearsts hold
ing company Huberth & Huberth and
NJ & l.. Hess were the brokers.
The work OF assembling the site was
more than 10000 square feet and fronts
325 feet on Fifty-ninth street and 1896
on Flfty-eighth street, and has depth
OF 2oO10 feet. The new building will
have nine stories covering the entire
ground plot, with several setbacks and a.
tower in the centre Altogether it will
be at least twenty-five stories high.
The downtown leases for Mr. Hearst
were negotiated by the Charles F. Noyes
Company for Louis Goldstein and NJ.
Dworetzky JIuberth & Huberth repre-
sented Mr. Hearst. The Gold street
building occupies a plot 70x100 and the
Jacob street plot contains 10000 square
feet Both leases are for ten years.
The aggregate rental OF Mr.. Goldstein's
Gold street site is about 100000 and
that of Nj Dworetzky's site is about
S25O,0oo.
Investors Eager for Apartments.
William Cannon sold for Sophdor
Realty Company 70 Perry Sperling 566-
5eS West 162d street, southeast corner
OF Broadway. a six story apartment
house with seven stores. known as the
BriarcliR. on q plot 100X1oo. II rents
for about $50,000 and was held at
100000
George Steinman. Inc, sold for Rock
street, a five story apartment house, ioS
100. arranged for thirty families, to a
client for investment. The property was
held at $4,000.
Philip Leschnik and wife purchased
from Aiphos Realty Company 243 Fort
Washington avenue. southwest corner Of
I70th street an elevator apartment
house, 125y10U The seller was repre-
sented by Sopel & Brand and the pur-
chasers by kantrowitz & Esberg.
George Steinmar. Inc, sold for the
Rockville Holding Company ESQ West
l73d street, five story apartment, con-
sisting of thirty suites. 75xl00. The
property was held at $4,000.
The estate OF Lampert S. Quacken-
bush sold 123-i25 East Ninety seventh
street. two five story tenements. each
35x1C0 held at $4,000. Nathan
Schwartz represented the seller.
The five story apartment at $ ST.
Nicholas Terrace, 3Sxl00. has been sold.
Church Buys for Parish House.
ST. Andrews r. T.. Church, at the
northeast corner OF Fifth avenue and
fc7th street has bought. presumably
for A parish house. the three story
dwelling at East 128th street. 2ox100.
The seller was George Il. Leach.