The New York herald., 1921-02-08
OPERATORS RESELL
NASSAU ST. CORNER
About to Sign Contracts in Ex,
change Deal Involving
Vanderbilt Building.


1t was learned yesterday that the
Vanderbilt Building at the southeast
Icorner of Nassau and Beekman streets,
valued at close to 100000. is being sold
Ito the Dewey Realty Company by
Harris & Maurice Mandelbaum and
IFisher and Irving I. Levine. The buy
hcrs, it Is said, will give in part payment
1.-THE ten story Swannanoa apartment
house at 1O5 and 1o7 East Fifteenth
street. which was reported sold last
week by the Dewey Realty Company
to the Mandelbaum and Levine group
of operators.
That portion of the Vanderbilt Build
ing on the actual corner is eight stories
high and fronts 1916 feet ON Nassau
street This portion extends along
aBeekrnan street for a distance of 6.S
tfeet. Adjoining on Beekman street the
lstructure is fourteen stories on plot
.2x1007. making the combined Beck
man street frontage 116 feet
The property returns annual rental
fof approximately s275,000 and was ac-
tquired by Mandelbaum & Levine about
Ia year ago from the Vanderbilt family
THE sale also involved some parcels in
five story building at 12i Nassau street
Sndjoining the Vanderbilt. This latter
parcel is not included in the present
sale. Harry ]. Sachs was the broker
jim the transaction
Operator Buys West seth street.
The estate of Catherine T. Schieffelin,
christopher r. Carter executor, sold 7
West Thirty-sixth street. a five story
building, 25x100, to Norman S. Riesen-
field. The property is $50 feet from the
corner of Fifth avtnue. and Is occupied
by Arnold Ray Seligman & Co., dealers
ln antiques, whose lease expires in a
few months. William Cruikshank's S
Sons were the brokers.
100000 Lease on Fifth Avenue.
B. Menschel leased from the Farmers
loan and Trust Company for twenty
Ione years the two five story buildings,
with stores, at 17S and $50 Fifth ave-
nue. on a plot 37.4x1Oo between Twenty
second and Twenty-third streets, and
opposite the F'latiron Building. The
rental for the term is about 100000 The
lease was arranged by Rice & Hill as
brokers' The buildings have been oc-
eupied for many years by Dunlap q
Co, hatters, whose new location is at
Fifth avenue and Thirty eighth street.
Mir. Menschel plans to alter the build
sngs and have them ready for occu-
pancy by May. The property had been
In the possession of the present owners
For a number of years.
Bank Buys Heights Home Site.
The Corn Exchange Bank has con-
kracted for the purchase from Edmund
IEeymour of a vacant plot on the east
Ihrly side of st. Nicholas avenue, be-
Tween 167th and 16Sth streets, which 1t
proposes to improve eventually with an
Individual banking building for It's Au-
'hubon branch. The lot which is OPP
posite the 16sth street subway station
| has frontage of 26 feet, with an extra
| hepth of 122 feet. Manning Trunk
iHere the brokers in the deal.
|buyers VIII Improve Harlem Plot.
Benenson Realty Company resold the
IIacant plot at the southwest corner OF
Lexington avenue and l16th streI,
Ilvhich the company purchased a few
IInonths ago from the Consolidated Gas
Il,ompany through Joseph P. Day. The
hew owner is the Wallen Contracting
'ompany. representing Wallensten N
.entin. which will improve the site with
Either a one or two story business build
Ing, having stores on street floor. The
IDIOT was held at s150,O00 and fronts
OO.11 feet on the avenue and so feet
bn the street.
Buys on Cooper Square
Bernard Schneider. upholsterer. through
is attorneys, hmer-Sonnenthal, has
Enlarged his holdings on Cooper Square
by the purchase OF 63 and 50 from the
state of Louisa b. Nelson, which has
wned the property for half century.
,rr. Schneider owns the intervening prop
rty at Go and 81 Cooper Square and
low controls a frontage of 6S feet at
hat point.
ellis Apartment on Lenox Avenue.
George r. Read & Co. sold for the
Tasemann estate the five story apart
nent house, 25xS5, at 41S Lenox avenue,
outheast. corner of l31st street.
100000 Loan on Tontinc Bldg.
The Federal Sugar Refining Company
as borrowed from the New York Title
nd Mortgage Company s400, 900 for five
ears at per cent on the twelve story
'ontlne Building at the northwest cor
er OF Wall and Water streets. which
he sugar concern acquired last year.
% Build Costly Glen Island Hotel.
L IL Sulu lidl TIC 9lsVVUgUuU nOlei
damned for Glen Island will be put up
irectly opposite the lagoon. where ex-
ensive views of the Sound are obtain
BILE. II. J. Hardenberg. who built the
Waldorf Astoria, the Plaza, Manhattan
nd Martinique hotels. has been chosen
rchltect and builder. He will be assist
4 by members of his syndicate. includ-
1g Charles Leigh Taylor. Walter Gilsen
nd Walter Schumm.
Residential Property Deals.
O. Tuoti & Co. sold for II. NJ. Well
ompany to Luigi Melfa the four story
at with store in 353 East 1880 street.
Robert f. Kelly sold for Charles NJ.
evy 351 East Nineteenth street.
iree story dwelling. to Sarah Bramm.
IDEALS Revealed In Transfers.
Simon y. Solomon sold TO Kate s.
.rstein the five-story tenement with
ores at II Broome street, 21x56.
a