New-York tribune., 1922-05-26
rhree.Cornered
Deal Involves
s4,25O,O0O
6 Realty Company Sells
usrcantile and Partola
Buildings: Acquires Fifth
Ave. House III Exchange

.. Charles F. Noyes Company has
series Of transactions involv-
'''. '.,nroxime,ely $425o,ooo, affecting
-. ,roper,ies, including the Mer-
pu,lding. the Psrtoja 3u ding.
ass., as.nss Avenue dwelling and twelve
To- 'r~-operties IN Manhattan, Bronx
ssln ni.ssrs. It IS tire most spectacu-
81 ~ ~ in many ways that has been
!, some time. AS consequence
;ssfe ..,,,ed States Realty and improve
Company iiquidates two large
ss.s many-sided transaction in
-. T.. the purchase by William f.
" ii the eieven-s story Mercantile
s.,,e s's., at the southwest corner OF
s...y.,hird Street and Fourth Ave
'N'" .,vering plot of 1880 square
tN, ;,,Iuding IL TO so East Twenty
'ssr S,rset. SEA to 90S Fourth Avenue
..';" ~; q Esst Twenty~second Street.
"a. sa4 snilding. valued at s2,0f0.100 is
Ia ne finest investment properties
%. =. mercsntlle district. 1t carries
-e-. IL rcn o: $4,000 per annum, and
.s. & frontage Of 175 feet in Twenty
..s-5 Street. S3 feet on Fourth Avenue
80; feet IN Twenty-so ond Street.
:. the same deal a client of Boards
~ Hemmens & Taylor, attorneys, be
..res the owner Of the former Adams
mel property. occupying the entire
tots front on the west side of Sixth
ivsnue from Twentieth to Twenty first
street.. property costing the sellers
sys- s2.3o0000, and leased three years
so to the partola Manufacturing Com
,ssy Nj partos; when he obtained
10 lease. spent about $3.50 O0F on i'm
,yyements. renamed the building after
.s COMPANY, Partola Building, and
,ableased the premises for about $3.50
40 per annum. This building covers
5000 square feet. II is leased to the
Ysr.ola Manufacturing Company on a
u. rental basis, with an income Of
100000 per annum net during the last
;f,een years Of the twenty year
ssse.
The United States Realty and I'M
rovement Company by the exchange
cquired 4 Fifth Avenue corner in the
.ghties. the exact identity OF which
not announced. The United States
ealty Company also acquired valua bic
nprQved and unimproved properties in
!anhsttAu, Brooklyn and Jamaica, in
hiding SIX lots on Southern Boule-
arc, between 147th and 149th streets;
x lots on Timpson Place, between
Eth and l47th streets; five and a half
It's al Castle Hill and Railroad ave
1es two lots at the corner of Gleason
I'd Leland avenues, two lots on the
uth SIDE Of l49th Street, near limp
N Place; two lots in Ninety first
rect, Brooklyn. between Third and
lurth avenues: two lots in Ninetieth
rect. two lots in Ninety third Street,
% lots in Ninety-fourth Street, all in
e same general vicinity; twelve lots
Tenth Avenue and Forty eighth
reet, Brooklyn, and a large plot at
ualca.
The United States Realty Company
10 acquired residence Of sixteen
'us and four baths, with garage and
lar buildings. at Ninety fourth
.eet and Shore Road. Brooklyn. with
frontage of 1870 feet on the Shore
,ad 21s feet in Ninety fourth Street
ID 200-foot frontage in Ninety third
lleet. This residence, the first home
i Willlam F. Kenny, was 1ecently
altered and renovated. All of tie prop
ats; being taken by the rea y com
's.y are on practically free and clear
asis
Clarke G. Daley vas one of the ad-
Hrs of the United States Realty and
iprovement Company in connection
IN the transaction. Babbage e.
nders were the attorneys for the
llted States Realty, and R. G.. Redlef-
T. Of Beardsley. Hemmens & Taylor
presented Mr. Kenny's interests.
sgotiations are pending through the
Dyes company for the resale of the
'operties taken by the United States
ealty and Improvement Company
he Mercantile Building has been
laced in the care of the Noyes com