The New York herald., 1922-05-06
OPERATORS ACQUIRE
7HE COLONY ARCADE
Brooklyn Buyers Take Over IL
Story Structure in the
Millinery Zone.

Byrne & Bowman have sold for the
Colony Construction Company. Robert
r. zobel president, to Levy Brothers,
Brooklyn builders and operators. the
Colony Arcade, a twelve story mercan-
tile building. 6f.9xi97 6x46, at GO to g.
West Thirty-eighth stree;, extending
through to 62 West Thirty ninth street.
The building is devoted entirely to the
millinery trade. Among the tenants
are Morris Goldzier. Rosen Bros. &
Sussman, l.. & l.. Bandeau Company,
Inc, and others. The property pro-
duces a rental of about S150.000 year.
1t was held at $l,2jo,0o0 and was sold
on a cash basis.
The sellers assembled the plot in 1919
and subsequently, erected the present
building o. the lot and have held IL as
an investment since that time. This is
the first large operation by the pur-
chasers in the midtown section. they
having been previously engaged in eN-
tensive b2.lding and lot operations in
Brooklyn. They have erected four large
theaters in that borough, which they
still control.
This sale makes the fourth large
building in this vicinity sold by Byrne
a. Bowman this year, the others being
the fourteen story Columbia Trust
Building at the northwest corner of
Fifth avenue and Thirty-fourth street,
which they sold for Max Natanson to
Joseph FurSt; the sixteen story build
ing at 90 to SO West Thirty-eiGhth
street. sold for J. c. & NJ. G. Mayer
10 a syndicate headed by Cornelius
Hearn. and the sixteen story building
at Is and Is West Thirty-sixth street,
which they sold for Julius Tishman &
Sons to the Lesonhart Realty Corpora
tion The aggregate value of these four
buildings is close to s6,00o.0oo.
Fitzgerald Parcel Sold.
The Fitzgerald estate has sold an
other parcel on West Twenty-third
street. Lewis Phillips has purchased
the four story and basement dwelling
at No 3l2, 2O7x9s9, through Dwight
Archibald & Perry and John w.
Browne. The property is jast west OF
Eighth avenue and opposite the old
Grand Opera House recently sold by
the Jay Gould heirs. and is rented for
business purposes. Recently the Fitz-
gerald estate sold the building at 33i
West Twenty-third street. 25x100. to the
Leo Housc for German Catholic immi-
grants.
Louis Gold & Co. have purchased the
block front on Columbus avenue. be-
tween 204th and a05th streets, consist
ing OF eight lots. upon which they will
erect a one story garage covering the
entire plot.
Estnte Sells Third Avenue Corner.
Henry Iof with Stephen s. Johnson
has sold the southwest corner OF Thir-
ty-seventh street and Third avenue.
known as 164 East Thrty-seventh
street and sos Third avenue, to Lillian
Hof The former owners. the Johnson
and Bayles estate. held title to the
premises for forty-nine years.
Transfer ON Second Avenue.
Shc 43 Second Avenue Corporation.
with NJ. X. Orbach. j. M. Kane and
f. Polaretzky as directors. has been
formed to take over the seven story
building. with stores. 22x1O0. at that
address, adjoining the entrance to the
Marble Cemetery.
Adventfsts Buy in Harlem.
The Seventh Day Adventists pur-
chased from Viola T.. Humphrey 141
West 13ist street. three story dwell
ing, 16x99.11.
Brokers in New York.
McKecver & Goss, real estate brokers
of Washington, ID. c., have opened an
office in 2 Rector street. in charge of
Arthur S. Wolpc. The members OF the
firm are i. l.. McKeever and Earle
C,oss