The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-01
II STORY LOFT FOR
MILLINERY ZONE
To Be Erected at 1 West 39th
st. by Tenants Who Own
Stock in Corporation.


An eleven story building that has
practically been rented in advance to
high grade millinery concerns is to be
erected at l and II West Thirty-ninth
street in the rear of the old John d.
Wendell property at the northwest cor
ner or Fifth avenue. The structure will
have frontage of III feet on the street
and depth OF 30 feet. 1t will be erected
by a corporation headed by George
Rawak, president of the Rawak Corr
poration. women's hatters. which will
occupy two floors in the structure.
$. w. Straus q co. have placed 4
first mortgage loan of 81 10000 OH the
land and building which is valued
at approximately Sf,.00,000. Starrct &
Van Week, architects. have designed
the structure in harmony with the store
Of Lord & Taylor across the street and
with the West Fortieth street building
abutting in the rear.
The site for the operation was orig
inally owned by the late f. " Burton
and his brother. John Howes Burton of
Burton Brothers, cotton converters. 1t
was recently transferred to the Guard
ian Mortgage Company. which has just
Corporation. Tho owners estimate that
the gross income of the structure will
be IN excess OF 1925, 900. Rheinstein &
Haas. Inc. are the builders. pcase IL
Gilman were the brokers in the sale OF
the land, and have been appointed
gents of the building.
The occupants arc for the greater
part owners of stock in tho corporation
which is putting up the structure, and
the operation was therefore practically
underwritten from a rental standpoint
before the contract for the work was
awarded The old buildings on tho site
will be torn down III 4 few weeks
Brown RcseIIs Yorkville Parcel.
Frederick Brown has resold to Will
lam A. Kaufman the southwest corner
of East End avenue and Eighty-ninth
street, five story apartment. with
three stores, on lot 25xe6. This COM
p,etes the resale by Mr.. Brown of
three corner houses in this section.
ACQUIRED by him a few months ago.
Operator In Many Deals.
Edward s. Schwartz. formerly as
sociated with Isaac Portman in realty
GENERATING, has bought from Dora Dia-
mond the four story cold water rat at
351 East Twenty-fifth street, held at
$4,000 In Brooklyn Mr. schwartz
bought from Dora Diamond 100
| Eiehty-fourth street. a three story
three family house with two car garage.
6ox1O0. held at $1,000: also 1859 Eighty
firth street. a three family house with
earage. 1o0xlO0. held at $32,5oo. and 2sb
East Thirty-fourth street. two FAMILY
house. 20x10o, held at sl2,5oO, and sold
1897 Nostrand avenue, two STORY
store property, held at $1,000, TO Anna
Iildebrandt.
100000 Lonn on barnard Home.
William A. White & Sons have placed
a mortgage of $500, 600 on the block front
on Riverside Drive. between Eighty-
ninth and Ninetieth streets. Tor VIII
lam H. Barnard, who bought TINS prop
ertv several years ago from the clark
estate. which purchased 1t from the
late Bishop Potter. The plot Is inn
nroved with one of the finest residences
On the Drive The loan was taken by
the Title Guarantee and Trust COM
pany.
Plan Five New Heights Flats.
Plans have been prepared for four
four story apartment houses at the
southeast corner of st. Nicholas ave-
nue. and 156th s5trect for Alexander
Potruch. builder. Each house VIII ac-
conlmodate about twenty families ana
will have stores on the ground moor.
John McMann Is the architect.
Plans have been filed for a five story
apartment. asxs4. at Il to 1s Wadswortn
Terrace for the Loring Construction
Company. Inc. r. Roth, architect. esti-
mates the cost at $4,000
rJau Ensf 33d street Factory.
Plans have boen filed for four story
factory. ssxt35, at 40t TO 400 East
rbirty-third street for the Gotham Hos
ierv Company, Inc. William Steele <
SONS Go. OF Philadelphia. architects. es-
innate the cost at $4,000.
East side Corner Leased.
Day & Day, Inc. leased for the
Adrian estate for twenty-one years the
northwest corner OF Delaney and Ed
ridge streets, 50x100. to Wolff & Yavno.
who contemplate extensive improve
ments. The plot Is a short distance
from the proposed Libby Hotel and
baths.
westchcster Board Dimes Tonight.
Samuel IIntermyer will be the guest
Of honor AT tho annual dinner OF the
Wcstchestcr Realty Board 10 be held
IN the Hotel Commodore this evening
AZ o'clock Covers will be laid for
100 members and guests.
Euy Brooklyn Homes mt Sale.
Four tax exempt houses and fifty
ALL Isan0x