The New York herald., 1922-05-19
PHIPPS ESTATE, INC,
IN RUMORED DEAL
Said to Have Purchased Burn
side Bldg. ..at COS Fifth Av.-
Other Deals Reported.

The Henry Phipps Estate, Inc. is re-
ported to have purchased the six story
building with stores at 605 Fifth avenue.
from Frederic Burnside. jeweler. who
valued it at about s550,000. The struc-
ture stands on n lot 25x100, on the east
side Of the avenue, forty-three feet south
of Forty y-ninth street, on the block be-
low the proposed new home of Saks &
Co. Mr. Burnside bought the property
a couple of years ago from j. Frederick
Kernochan.
Horizons Sell Harlem Holdings.
The Horton estate holdings at 14S and
$50 West 125th street consisting of two
five story buildings with stores. on a
plot 50x1O011, situated 125 feet east of
the southeast corner of Seventh avenue
and 125th street, have been sold. The
identity of the new owner is not dis
closed, but there are intimations that
the purchasers were P. Baron. cloak
and suit dealer. and other tenants of
the structure. The, property adjoins the
Harlem home of Ludwig Baumann &
Co. on the east and Is Immediately in
the rear of Loews Seventh Avenue
Theater at Seventh avenue and 124th
street. The property was held at
$500, 900.
To Erect Another 15 story Hotel.
H. c. MacCully of E. S. Willard &
Co. sold for I. Randolph and Everett
Jacobs, the property at41-49West Eighty
first street, 100 feet east of Columbus
avenue opposite Manhattan Park, on
plot 125x102, held at 100000, to Joseph
G. Siegel. Inc, who plans to erect a
fifteen story apartment hotel on the
site. Mr.. Siegel is at present erecting
fifteen story hotel on the northeast
corner of Broadway and Seventy-fourth
street
Other Business Property Sales.
A prominent speculator in Greenwich
Village realty has purchased the four
story building with stores at the south
west corner of Sixth avenue and Wash
ington place from Harris and Maurice
Mandelbaum and Fisher and Irving L.
Levine, operators. who bought it on
May 6 from the Lemon estate. 1t is
understood that the buyer Is negotiating
a resale to large business interests. He
is client Of f. II. Ludlow & Co. L. J.
Crawford & co. were the brokers. The
building covers a plot 23.4xS9. 1t was
held by the Lemon estate for thirty five
years.
Charles M. de Rosa Co. sold for
Koppel Cohen the northwest corner of
Twenty-fourth street and First avenue.
2yy100. five story building at All First
avenue, and 345 East Twenty-fourth
street, to A. F. c. Foreign Money Ex-
change.
William A. White & Sons have sold to
an investing client 1876 Greenwich street
| the five story store and loft building
24x69x irregular. The property is under
lease to the MacNiff Horticultural Com.
pany. The Duross Company represented
| the seller.
The newly formed IL Moylan Place
Realty Corporation, with Ed Critz. w
G.. Bullock, +. Henriques as directors. /.
purchasing the business property at tha
address.
Samuel Brener bought from the Co
lumbia Trust Company, as trustee under
a deed of trust of Mabel c.. Tuttle. the
two story private garage with studios
at 10S West Fifty-fourth street. 25x1O0
| The Brown. Wheelock Company, Inc.
was the broker.
The so Sheriff Street Corporation (J
Leibner, j. III. Lang and II. Goodwin
has been formed to take over the three
story stable. 25x10o, at that address.