The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-06-09
SCHRAFFT'S TOPAY
$2,26O,OOO RENTAL
Candy Co. Leases $4,000 So.
Feet in National City
Annex Building.

Schrafft's (the Frank G.. Shattuck
Company has taken a twenty-five year
lease on the store, basement and second
and third floors of the National City<
Annex at - East Forty-second street
through to 1913 East Forty-third street
The space has frontage of % feet ON
Forty-second street and IS feet on
Forty-third street. Each of the floors
has gross area of 1000 square fest,
giving the lessees 2S.000 square feet. 70
which will be added mezzanine with T.
an additional area OF 5000 square feet.
The deal was negotiated through An
ton l.. Trunk. The annual rental Is APP
proximateIy $4,000 and the aggregats
rental will be s2.25000o.
The lessees have retained the services
of Charles e. Birge, architect. and the
alterations will be completed by Christ
mas. The tea room will accommodate
about 1000 patrons. A special lunch
club room will be installed for men on
the third floor. The National City Bank
which, through its holding company
owns the National City Annex. occupies
the old Manhattan Hotel building. adj
joining at the northwest corner of Mad
ison avenue and Forty-second street.
The lease is the latest OF series OF rem
tails aggregating $4,000. 900 on Forty
second street between Fifth avenue and
the Grand Central Terminal building
negotiated by this broker during the
past year. es
other Leasing Deals Closed.
For a rental aggregating $4,000, Peter
Axelrad leased for twenty-one years for
Morris Chaser to La Louise Waist COM
pany. represented by Rutland g. Benja-
min. the store in the proposed new
structure at 143 West Thirty-fourth
street. On Wednesday there was re-
ported forty-two year lease OF the en-
tire property for total rental OF over
sf.l00oO0. for the Mott estate. through
Mr.. Axelrad, who has been appointed
agent of the building.
Brett e. Goode Company leased floor
containing approximately 10000 square
feet in the former Simpson-Crawford
Building at southwest corner of TWEEN
tieth street and Sixth avenue. to i. Els
ner e Co. mems clothing: also, a floor
In 40 Lafayette street to the Simplex
Ticket Company with the Durose Com
pany., and subleased space in 40 West
Forty-second street to Fischer & Del &.
mel. lawyers.
Childress Company leased the four
story dwelling at 1s2 West Seventy
seventh street for Margaret Doll to
Ella Warren.
J. =. e L.. A. kissing leased to
Marks e. Co. store and second floor loft
in 252 West Fifty-fifth street. The same
brokers leased to the Atlantic and Pa
cific Tea Company store In 473 Lenox
avenue.
J. NJ. Silver leased the building. c5x
100. 1891 Broadway, between Sixty
seventh and Sixty-eighth streets for
Jacob Granat to Sol S. Silver for twenty
years for more than 100000 total rent.
and subleased the store IN the building
to a large restaurant concern. which VIII
occupy it after extensive alterations.
Ames &c Co. have leased loft in West
Twenty-ninth street to Miss Ester. Inc:
loft In 20 East Thirty-first street to s.
FRESHMAN & J. Itzkowitz; also loft In
- West Thirty-first street to Carl Lenin
and Arthur Mehr.
West Thirty-ninth st. Loft Rented.C
Pease & Gilman have leased for VIII
lam de Lancey Cunningham and Miss
Elizabeth de Lancey Cunningham to AL
bert Malsin, president of Lane Bryant.
Inc. the five story loft building at 30
West Thirty-ninth street. The lease Is
for twenty-one years With renewals.
and the aggregate net rental for the
first twenty-one years Is about 100000.
The same tenant recently acquired
through Pease & Gilman 2s West Thir-
ty-ninth street. which will be improved
with a new building TO harmonic with
the adjoining property. The lease of
this plot gives Lane Bryant control of
an area of about 5000 square feet.
facing SIS feet on Thirty-ninth street
and 20 feet on Thirty-eighth street.
Franklin Hall Flat Leased.
Sharp & Co. leased for the Grandeur
Holding Company the six story elevator
apartment house known as Franklin
Hall. occupying the block front on the
wesf side NJ 81 Nicholas avenue ba-
tween 15sth and 15sth streets. for ten
years TO ]. Levitt for an aggregate rem
tai OF $350.ooo 1t contains ten suites on
floor laid out In four. five and six
rooms.