The New York herald., 1921-01-15
INSURANCE GO. BUYS
THE ROYAL BUILDING
London Firm Takes 16 Story
Structure at William and
Fulton Streets.

The sixteen story Royal Building at
the southwest corner of William and
Fulton streets has been purchased by
the Northern Assurance Company. Ltd,
OF London, from Bing & Bng. who ac-
qsired II last June from the Royal
Baking Powder Company. the builders.
This deal. which was negotiated by the
Charles z. Noyes Company. brings the
insurance district right up to Fulton
street. in which direction il has been
rapidly creeping for the last four years
The Royal Building has a frontage OF
lo.lo on Fulton street and Sl.l0 feet on
William street. /; was valued at close
10 Sl.OOOoO0. 1t sdjoins the Underwriters
Building at l23 TO 133 William street in
which the New York Fire Insurance
Exchange is housed. The buyers are
now doing business in the Hiliard
building. 30 John street. under lease
which expires in 1927. Three floors in
the Royal Building are now availa BILE
and at least five move floors will be
vacant when the Royal Baking Powder
Companys lease expires.
Arthur III Waterman represented the
buyers and Frederick B. Campbell was
their attorney Stoddard & Mark were
attorneys for the sellers
Another deal involving a property op-
poSitc the Royal Building is announced
by the Broadway-John Street Corpora
uon. Elias n. Cohen, president. which
has leased for nineteen years five upper
floors at the northwest corner of Full
ton and William streets. which they
have just finished altering, to the
Massachusetts Bonding and Insurance
Company, which will sublet one floor
The lease involves more than $500, 600.
The transformation of the block from
John to Fulton street occurred within
the last two years. and was started by
the Broadway-John Street Corporation
erecting at 122 to l26 William street a
four story building. now occupied by
the Caledonian Insurance Company, the
North River Insurance Company and
the Remington Arms.
Takes II Year Lease mt S2SO,OOO.
Frank Nolz leased for twenty-one
years the building containing 10000
square feet at l6S-170 Dyckman street.
for NJ. A. Holman. at an aggregate
rental of $2S0,000. The building was
leased by the Speedway Garage. Inc, of
which Thomas Jeffrey is president.
Stands on lot 100xl5O
Auction Buyer Plans Improvements
Benjamin w. Godberger. president of
the Goldberger Manufacturing Corpora,
tion. who purchased at a recent auction
held by Bryan L. Kennedy four story
tenement at l3l West Fourteenth street,
Will improve the property with "a six
story loft building to cost S7500 The
property is west of Sixth avenue and
adjoins the Ninth Regiment Armory on
the west.
Another purchase of the Goldberger
Manufacturing Corporation was 1890 to
1886 Longwood avenue, southeast corner
of Southern Boulevard, a one story
building, with stores. This property is
to be improved by the corporation with
building TO cost in the neighborhood
of $4,000 to be used as an automobile
showroom.
school for Ex-Service Men Leases.
Lincoln Institute for Vocational Edu-
cation. which is cooperating with the
Federal Board for Vocational Educa-
tion in the training of disabled ex-
service men. has leased space in 6e2
and 6@ Broadway. corner OF Fourth
street through Fredk Fox q Co. The
school plans extensive expansion OF it's
educational activities.
Other Deals I'm Manhattan.
McCotter Davis sold for Alice "
Cady the vacant lot at i6 Charles street
which also fronts on Seventh avenue as
extended The purchaser Will erect a
taxpayer
Samuel Braunstein sold FOR Henry
talk the six story building at the north
west corner Of Bond and Lafayette
streets, 16XlG0 Joseph Kozman repre-
sented the purchaser.
Esther Handel sold to the Hise
Realty Company the seven story build
ing 50 Pike street, 1gllx50x irregular.
Jonas & Naumburg sold TO Benjamin
). Mendelson the two story garage at
511 and 5l5 West 1SJth street 75xgs9.
Cruikshank Company sold for the Zim-
norman estate to a client of Pepe