April r, 1911.
RECORD AND GUIDE
599
i PRiVAIE REALTY SALES |
SOUTH Ob syni .sriiKEr.
BEEKMAN -PL.—Aaron Goodman sold
the 5-sty tenement house 6 Beekman pl,
on a lot 20.\10U, to Mrs. L. Rohrer.
BARROW ST,—Joseph F. Lay sold for
Alfred Chirney to Edward J, Healy, Jr,.
40 Barrow st. a 3-sty dwebing, on lot
22.6x07. The buyer owns the adjoining
house. No. 42,
Big Deal at Key St. and Uroatlway.
DEi'' ST.—lhe southwest corner of
Broadway and Dey st figured this week
in a real estate transaction aggregating
more than $3,000,000. or, in its entirety,
reaching nearly $S,0O0.U0O. The properly
was sold by the Broadway.-Dey Street
Really Co. to an unideiicified buyer, rep¬
resented by the law flrm of Masten &
Nicholas for $1.500,0UO. through the
Doug.as Robinson, Charles S. Brown Co.
This brokerage firm also closed for the
new owners a lease for 21 years, with
Lhree renewals—or a total term of 84
years—at a I'ental said to he on a basis
somewhat higher than 5 per cent. This
would mean an annual rental of $75,000
a year, $1,575,000 for 21 years, and over
$0,000,000 for the entire term. The buyer
is said to be a foreign investor. The new
lessee is a corporation, formed for the
specific purpose of leasing the building.
This lease is subject to existing leases,
the most important of which is that af¬
fecting the corner store and basement
which was recently leased Lo the Riker-
llegeman Corporation at $30.OUO a year,
with a profit-sharing agreement. The Dey
st property was bought in 1906 by the
City Investing Co., of which Robert E.
Dowling is president, for $l,0O0.UOO, The
seller was the Mercantile National Bank,
which had just moved across the street
to leased quarters in the Western Union
Building, Title was taken by the present
holder, a subsidiary corporation of the
City Investing Co. Last year about $50,-
UOO was spent in converting the two old-
fashioned 5-sty buildings into a modern
6-sty structure. The site is 46x100.7. The
selling price in 1900 was at the rate of
$217 a square foot, a record at that time,
GREENWICH ST.—Charles J, Brady
and Harry White resold for I, M. Madden
to Louis Emerich 006 Greenwich st. a 3-
sty building, on lot 20x70. between Chris¬
topher and West 10th sts,
Large Piofit iu Quick Resale.
MANGIN ST,—The Rudolph Wallach
Co. resold, through Charles Buermami Se
Co., to Theodore Connolly, 123 to 135
Mangin st, a 5-sty loft building, on plot
155.7x100, about 70 feet north of Stanton
St. The seller bought the property at
auction on Tuesday for $36,000 at the
stand of Joseph P. Day and now resells
it for $41,000.
ST. MARK'S PL.— Central Trust Co,
bought from Herbert A. Weeks and others
IS St. Mark's pl. a 4-sLy building, on a
iot 20x119,10.
Tv'ATER ST.—The Charles F. Noyes Co.
sold for Henry Leerburger to an investor
235 Water st, a 5-sty loft building with
an elevator, on lot 10,0x75, The building
is under lease to E. E, Androvette.
WHITE ST.—The Lorillard estate sold
134 and 136 White st, northwest corner
of Baxter st, old 3-sty buildings, on plot
44,2x99xl0x irregular. This property has
been in the possession cf the Lorillard
family for over half a century.
7TH ST.—The Seventh Street Methodist
Episcopal Church sold 22 and 24 East
7th St. a brick church and parsonage, on
plot 94x90,10, adjoining the southeast cor¬
ner of Hall pl. The church has been con¬
solidated with the 1-Iedding Methodist
Episcopal Church and will worship at the
latter's edifice at 337 to 341 East 17th st.
15TH ST.—Mary L. Kanning, of St.
James. L, I,, sold 152 West i5th st, a :!-
sty and basement dwelling on lot 20x103,3.
The buyer is said to be an adjoining own¬
er. John B. Quintin owns 151, which he
acquired about a month ago. He also
owns 150. On the other side Morris Wein¬
stein recently acquired 150, J. Romaine
Brown & Co. were the broker's.
19TH ST.—P. L. Curry sold for M. V.
Ferris & Co, to Patrick Kirk 411 West
10th st, a 3-sty dwelling.
2_1ST ST.—The Realty Holding Co.
bought from Mrs. Louisa C. Schaefer
through A, M, Cudner 40 East 21st st, a
4-sty dwelling, on plot 26x98,0. The buy¬
ers recently acquired tlie adjoining prop¬
erty at 51 and 53, and now control a plot
74x08,9 within 75 feet of 4th av.
23(1 Street Coiuer Eesold.
23D ST.—The property at the corner of
Lexington av and 23d st, at one time
owned by the American Ice Co. and pur¬
chased several months ago by the Fifth
National Bank, has been sold by the bank
to Charles Kaye. Frederick Zittel & Sons
were the brokers in tlie transaction. The
plot, now occupied by old 2 and 3-sty
buildings, fronts 100 feet on Lexington
av and 50 feet on 23d st, and was held at
ijloOO.OOO, Mr. Kaye will erect on the site
immediately from plans by Buchman Se
Fox a IC-sty loft and oflice building.
Through the Zittel firm, the Fifth National
Bank, which is now at the southwest cor¬
ner of 3d av and 23d st, has already ar¬
ranged to take back a 21 year lease of the
ground fioor, basement and mezzanine
floor in the new structure, which wil! be
ready for occupancy early next year,
Frederick Zittel & Sons will also be agents
for the building. This property was sold
under foreclosure last October and was
bought in by the plaintiff. A lew days
later it was resold to William H, Seich,
by whom it was turned over to the Fifth
National.
Sale in 23d Stieet.
23d st,—Horace S, Ely sold for Cor¬
nelia Prine 128 and 130 East 23d st, two
old 4-sty buildings, on plot 50x98,9. ad¬
joining the southwest corner of Lexing¬
ton av and 23d st.
24TH ST-S. M. Bier has sold for Mrs,
Hedwig Glass 157 West 24th st, a 4-sty
and basement dwelling, on lot 20.10x9S.9.
The building will be altered for business.
Mrs. Glass owns the property abutting at
158 to 162 West 25th st. negotiations for
the sale of which is now well under way.
This property is being bought for im¬
provement with a 12-sty loft building.
Investor Buys Loft Building.
25TH ST.—M. L. Hess sold for the A. &
S. Construction Co., in conjunction with
Webster B. Mabie & Co., the" new 12-sty
and basement building recently completed
,at 28-30 West 25th st, size 50x93,9, This
land, together with the adjoining 50 feel
at 24-26. was purchased about a year ago
by the Realty Holding Co., who resold
to the A, Se S, Construction Co. and the
25th Street Construction Co. Both build¬
ings have been recently completed, and
are almost entirely tenanted. This prop¬
erty was held at $425,000, and was sold
subject to a mortgage of $250,000, held
by the Brooklyn Savings Bank, and also
one of $85,000, held by the Realty Hold¬
ing Co. This makes the fourth sale with¬
in the past four weeks in which the
Realty Holding Co, has been interested,
and aggregates a total of ,$2,000,000; the
others being 40-42 West 27th ,st. 22-24
West 27th st, and 15-17 West 26th st, all
having been purchased for investment,
and Webster B. Mabie also representing
the buyer for the last.
27th Street Loft Bnilding Sold.
27TH ST.—The Realty Holding Co. sold
through M. & L. Hess the new 12-sty and
basement building 22-4 West 27th st, on
plot 50x98.9, to a client for investment.
The property, which is fully tenanted at
an annual rental of $42,000, was held at
$450,000. This is the third. 12-sty build¬
ing sold by the Realty Holding Co. with¬
in the last three weeks, the others being
40-2 West 27th st. on plot 45,6x98.9. to O,
D. Gray, and 15-17 West 26th st, on plot
44x98,9, to Mrs, Katherine I. D. Harnett;
all three investors purchasing for cash.
Resale in 20tli Street.
20TH ST.-A, M. Johnson & Co. sold
for the Holland Holding Co., Judson S.
Todd, president, to the East Thirtieth St.
Construction Co. 129 to 135 West 29th st,
old buih3ings. on a plot 75x08.9. The buy¬
ers will erect a 12-sty loft, building on the
site, being the third loft building pro¬
jected side by side in this block within
the last month. The parcel, together
with the adjoining plot on the west, was
acquired by the sellers last month from
William P. Dixon and Mary R. Heather.
The property includes a portion of old
Pacific place and an old lane formerly
known as "Rope walk."
SSTH ST.—J. Arthur Fischer sold for
Christian Kuster, of Peekskill. the 4-sty
tenement house 337 West 3Sth st, on lot
25x98.9.
39TH ST.-J. Romaine Brown & Co.
and Thomas Se Eckerson sold for Flora
M. Graves to Mary A. Early the south¬
west corner of 39th st and 7th av, which
was to have been sold at auction on
March 2S. Mrs, Early owns the adjoin¬
ing property 528 and 530 7th av, and now
has a frontage of 107 feet on the avenue.
The property was held at $250,000.
West Presbyterian Church Sold.
42D ST. — The West Presbyterian
Church, on 42d st, opposite Bryant Park,
has been sold for $1,100,000 to Frederick
G. Bourne, a director of the Aeolian Co.
A 16-sty building is to take its place, at
a cost of .*i;i.500.000. The new structure
will be the headquartei's of the Aeolian
Co,, and will include a large concert hall.
Rooms will also be rented as studios and
offices. The sale of the property was
negotiated by Pease & Elliman, The West
Presbyterian Church, which was founded
in IS29, and whose present site was dedi¬
cated in 1S65, obtained great popularity,
especially during the ministry of Dr. John
R. Paxton, 1881-1S93. In fact, because
of the great number of wealthy members
of the congregation, it was known as fhe
"Millionaire's Gate to Heaven," and was
considered the richest cliurch in America.
The wealth of its members was said to
total about $750,000,000. Tlie West Pres¬
byterian Church will he consolidated with
the Park Presbyterian Church, at Am¬
sterdam av and SOth st, and the combin¬
ation will be called the West-Park Pres¬
byterian Church.
43D ST.-Dr. W. Gill Wylie sold his
private hospital at 221 West 43d st, a 5-
sty building, on lot 20x100.5, between
Broadway and Sth av, to a client of John
P. Kirwan,
The Times Buys Site for Anne.\.
43D ST.—The New York Times bought
from Lee Shubert the fee of the property
at 221 to 229 West 43d st. and from the
same owner the Astor leasehold, at 217
and 210. This makes a plot 143x100.3,
The 100-ft, plot will be improved with a
12-sty building to be known as the Times
Annex, and on the leasehold plot will be
a smaller building to protect the light of
tho larger structure. Mr. Shubert owns
the leasehold of the property directly in
the rear, at 216 to 232 West 44th st, on
which he will erect a theatre. An agree¬
ment has been made whereby there is to
be a 25-ft. lobby through the Times
Building to connect with the new theatre
building, on 44th st. The M. Morgenthau.
Jr., Co., negotiated the transaction.
43D ST,—A syndicate composed of A. L,
Mordecai & Co., Heilner & Wolf and Dan¬
iel B. Freedman purchased 240 to 246
West 43d st from Jefferson M. Levy, S.