The New York herald., 1921-07-23
OPERATORS ACQUIRE
TIMES So. THEATRES
Buy Liberty and Eltinge, Also
Big Tract Of Riverdale Lots
From Goodridge Estate.

The Liberty and Julian Eltinge the
atres on West Forty second street and
a tract of 500 lots in the Riverdale sec
tion owned for many years by the heirs
OF Charlotte NJ. Goodridge and held at
$2.000.000 were purchased yesterday by
Samuel Augenblick and Louis B. Brod-
sky. real estate operators who few
weeks ago headed syndicate which
leased the Navarro flats on the westerly
half of the block bounded by Seventh
and Eighth avenues and Fifty-eighth
and Fifty-ninth streets, at an aggregate
rental of S5.000.000. The theatre and
Riverdale transactions were negotiated
by Horace S. Ely & Co. The sellers
were Charlotte j. Williams. Caroline l..
Iselin and Frederick G. Kernochan.
The theatre property comprises 2S6 to
242 West Forty-second street. and 239
West Forty-first street. abutting The
playhouses occupy combined site 'front.'
ing 100 feet on each street and 200 feet
in depth. The Julian Eltinge IS on the
Forty-second street end of the site. while
the main part of the Liberty is on Forty
first street, with a twenty foot entrance
on Forty-second street. adjoining Muir
rays restaurant.
The sale will effect no change in the
control of the theatres as both are under
leases running for a period of ten years.
The Riverdale property, probably the
largest tract in single ownership in that
exclusive section, comprises practically
all of the land bounded by Riverdale and
Delafield avenues, 250th and 253d
streets. and extending easterly to Field
1xxf.x
The property surrounds the Delafield
estate and Fieldston, the artistic home
development on the Delafield holdings.
1t is intersected by several thorough
fares, along which costly homes have
been erected in the past few years. The
new owners have no plans for the future
of the property, which is at present
reached by trolley connection with the
242d street station Of the subway.
Grace Church Sells Holdings.
Grace Church sold to the New Hold
ing Company for $4,000 the following
properties, acquired few years ago IN
foreclosure proceedings: The five story
tenement with stores, 24.2x10o.1. at 46
East First street: the five story store
tenement. 25x100.11, at II East 113th
street and the four story store tene-
ment, 25x1022, at S61 East Seventy
sixth street. The buying company Is
represented by Charles Pechner as at
torney.
To Build Flat on Sth Ave. Corner.
Clement G. Moore estate will improve
the northwest corner of Twenty-fourth
street and Eighth avenue. 44x100, a six
story apartment, from plans by Paul c.
Hunter. 1t will house thirty-eight fa.ni-
lies in suites of two rooms and bath
The construction contract has been let
to the Gebler Construction Company.
The building will cost s15o000 and will
contain four stores.
Estate May Lease 57th st. Parcels.
Negotiations are in progress for the
leasing by the Metcalfe estate to the
newly organized 147 and 1i9 West Fifty
seventh Street Corporation of the four
and five story buildings, 37x100.5, at
14T 149 West Fifty-seventh street,
west of the Calvary Baptist Church.
Iht .cquisition of twenty-one year
leeas of the realty Is being considered
~ he new company. which has for its
DIR ors j. II. Hughes. A. Lowenhaupt
end =. e. Bates. If the deal is closed
20 grade floors of both buildings will
De altered into stores and the upper
stories converted into apartments.
$25O,OOO to Remodel Herald Bldg.
Plans have been filed with the Man
haitian Bureau of Buildings for entirely
making over the former three story
Herald Building. occupying the block
bounded by Thirty-fifth and Thirty
sixth streets. Broadway. and Sixth
avenue. into offices with stores for the
Manice Estate. owner. Frank Good
willie Is the architect and has estimated
the cost of the changes at $2J0.0O0.
". NJ. c. A. Sells Bronx Site.
The New York City Y. n c. A. has
sold its building site in East 149th street
to the l13d Street Realty Company. Inc.
This property. which has n frontage
on East 18th street of 124iz feet, while
now vacant, was formerly occupied
by the old Bronx Union Branch struc-
ture.