The New York herald., 1921-06-14
HEARST BUYER OF
SHER WOOD STUDIOS
Publisher Said to Have Taken
Over S1,OOO,000 Property
as an Investment.

II was learned yesterday ue: Will
fam Randolph Hearst is the buyer or
the Sherwood Studio Building at the
southeast corner of Fifty-seventh street
and Sixth avenue, which was sold re-
Gently by Stafford Brothers, lnc' for
a price In the neighborhood of slOoO.ooO.
Final contracts have not yet been
signed. but probably will be in the next
few days. The purchaser of the prop
erty has been shrouded in mystery
since the announcement of the deal on
June 2, when it was said that the latter
was a client OF Stoddard & Mark.
The deal was negotiated by Harris.
vought & Co. The property is seven
stories high, contains stores and high
class studio apartments and covers
plot fronting % feet on Fifty-seventh
street and 100 feet on Sixth avenue. 1t
has not changed ownership since 1913.
when 1t was purchased by Mrs. Jennie
* stafford from Harry j. Luce or
Acker. Merrall & Condit
Mr.. Hearst is said to have purchased
IHe DullQlnS lOI INV tsSiiciiNt " 49, N''~
leases with the present tenants expire
he Will remodel the property extern
sively The publishers operations in
the neighborhood of Columbus Circle
have been a matter OF interest in the
real estate world ever since he pur-
chased the triangular plot at Broad
way. Central Park West and Columbus
Circle. Since then he has been buying
steadily in that vicinity Ony recently
1t was announced that he had COM
pleted the assembling of a site for
twenty-five story building to house all
his publishing enterprises on Fifty
eighth and FIfty-ninth streets, just
west of the Circle.
MuItifamiIy House Sales.
The six story structure. 75X100. at COS
West l1ith street adjoining the Cliff
I-aven apartments at the southeast
garner of Riverside Drive. is to be taken
over by the newly formed 62s West
i-ett Street Corporation, having for di-
rattors w. II. Flandereau. p. Z. Jacobs
and Fl. NJ. Fulton. The new company
has a capitalization of $4,000.
Charles GaIeAski has resod at sub
stantial profit TO the Amer Realty
Company 1435 Madison avenue. north
east corner Of Ninety-ninth street,
five story apartment house, on plot
2sx100. The property was held at 100000
and shows an annual rental OF $4,000.
7. Silyerman was the broker. Mr..
Galewski recently purchased it from
the North Jersey Title Insurance Com
pany.
Daniel II. Jackson bought. through
George r. Read & Co. from Ada L.
Harris 14s and $50 Essex street. between
Stanton and Rivington. two six story
front and rear tenements. with four
stores. 50x10o. This property was held
in the sellers family since 1858.
Leonard WE'LL bought. through NJ
Cohen e. Co. and Henry I. Cooper
~ West 12Sth street, and resold the
three five story flats. near Eighth ave-
nue.. and the five story flat. 27x10o, at
l54 East Ninety-seventh street
Womcn's Home to Sell Property.
St Luke's Home for Aged Women has
been granted permission by the Supreme
Court to sell 20 West Ninety-fourth
street. 1s.9x11.S. TO Nellie Fitzgerald for
S21.50o.
In the Dwelling Market.
Ralph Russo sold the three story
dwelling at lis East 12sth street for
Mr.. Reilly to Francesca Fiore.
Porter & Co. sold for Mary Reichert
" leOndTu wen the tHree story dWel1nR
with store at 40 West 12sth street,
25x1oo.
A client OF Warrencamp & Snyder
purchased from Mr.. Well a three story
dwelling. 12.6x9s.11. at 127 East 126th
street.
Business Properties Sold.
The Congregation Home Missionary
Society Old Pilgrim Church sold the
property at the northeast corner OF
Madison avenue and 121st street to a
client OF Wollsey Watkins G. Jordan. II
has frontage of rs feet on the avenue
and 1876 feet in 12fst street. and was
held at 100000 and faces Mount Morris
Park
J. Jonas. r. Levy and NJ. l. Murzin
have formed the % West Forty-sixth
Street Corporation to take over the FIVE
story building with stores. 2o.1x1oo.5,
at that address.
DenIs Revealed In Transfers.
Lebertan Corporation resold to WILL
lam ]. Hauser and Jacob Barnett the
two-story garage, 4O.1x9s.9. at 236-23s
East Thirty-seventh street.
The seven story elevator apartment.
50x1O0. at 2049-2051 Fifth avenue, ad-
joining the southwest corner OF 18TH
street. has been sold by George Rawak
20 HillSiah Craig.
l.. Walter Biting sold 10 the Bayside
Improvement Company the five story
apartment. 50x79.11 at 556-55s West
185th street.
vivien ". Mooney sold to Adella
Bloomenfeld the three story store flat.
1S6xs7. at 347 Lexington avenue.
Giovanni Guglelmetti sold to Sebas-
tiana Mule and Anna Caruso 300 East
109th street, six story tenement. 2s.6x
100io.