Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 110, no. 17: [Articles]: October 21, 1922

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October 21, 1922 RECORD AND GUIDE 529 av, a 3-sty brick double apartment house with stores, ou a lot 18.\100. THIRD AV.—lOilward C. Curny sold for the Christiau estate to .Mrs. G- Klein the 4-81.V bricli apartment house with store at 5322 Third av. president, leased the entire 4-sty briclj build¬ ing i;i,s Kast 42d st, through Henry Hof, to tile (.)hio Chemical & Mfg. Co., tor a term of years. .Viso, ieused siiaee iu the building at the northeast coruer o£ 12th st and Third av to the .Virliue I'ress. Inc., and Atlas Lino¬ typing Co., Inc. being altered by Edgar and Charles Appleby and is part of a large plot owned by the Appleby estate, which inclijdes the Jolson The¬ atre and also plottage on SSth and D'.ith sts. Cross & Brown Co. was the broker. QUEENS SALES EL..\lilL u.M .— lue Cummunily uarage at Baxter and Fairbanks av, Elmhurst, has been purchased liy Gilbert .Murtha through Peter Harper. The structure oc( upies a plot lOO.xlSO and contains 13.300 square feet. Robert G. Lake was the seller. LONG ISLAND CITY—Louis Gold & Co. sold to an investor the property known as the Jackson Heights (.araRe, on Jackson av, from 21st to 22d st, Jackson Heights section of LoHf; Island City. It was sold subject to a 'JO-year lease held by the tenant. .\, V, .\iny & Co. leased for the Benjirv Corp. tho 4-sty and liasement dwelling, 630 West End av, lo Edward .K. Beech, for a term of 5 years; and leased for -Mrs. Grabrielle B. Kennedy the ij-sty .American basement dwell¬ ing, 4."'.;: \\'est Knd av, to Hugo Cassel, for a term of 5 years. Maurice Wertheim leased for Gustave B. Walter, for a term of 21 years, with renewal for a similar period, the 4-sty business build¬ ing 155 East 44th st, on lot 25x100, together with a rear building, size 25x25, on the ad¬ joining lot 15:1 East 44th st, at an aggregate rental of ab(nit $250,000. The lessee is 155 East Forty-fourth Street, Inc.. a corporation recently formed to take over this lease. The premises will be used for offices aud show¬ rooms after completion of extensive altera¬ tions. RECENT LEASES. 21 Year Lease of Tribune Building The 20-sty Tribune Building at the north¬ east corner of Nassau and Spruce sts has beeu leased from S. Morrill Bauer and Herbert E. Miller by Victor Weichman and associates under the title of the Tribune Building Cor¬ poration for a term of 21 years at an aggre¬ gate net rental of $5,000,000. The lease be¬ gins next May. when the Tribune expects to move to its uew home on West 40th st. The Tribune Building, fronting 90 feet on Nassau st. 98 feet on Spruce st and 8G feet on Frankfort st. was purchased by tho Messrs. Banner and Miller last year when the paper decided to move uptown. Louis Wetzler and Laurence J. Borchard negotiated the lease, Stoddard & Mark, attorneys, rperesenting both lessors and lessees. The newly formed Boston Road Holding Corp..r.-ition, having R. R. Reid, F. C. Ott and L. C. Ferguson as directors, leased 20s4 Bos- con rd, Bronx, a 2i^-sty and basement brick dwelling, on a plot ^^01x170.9, through to Bronx st and near Brenx river. Seaman & Pendergast leased for a term of years an apartment unfurnished, at 0'2b Fifth av for T. 10. R. Carpenter to Mrs. Vernon M. Peabody. Daniel Birdsall & Co., Inc., leased for Mar¬ guerite Schaefer the entire 6-sty building 29 Leonard St. eontaining about 20,000 square feet, to Kidley Watts & Co., for a term of years. Daniel Birdsall & Co., Inc., leased for clients the entire .".-sty brick building, 2oS West 69th St. to William Davidson, for a term of years. It is 2.-1x100.5. Leases of Entire Buildings Brown, Wheelock-Harris, Vought & Co. leased, for a term of years, the entire 4-sty brick building, ."O ClifE st, to Hans Hiurichs & Co., Inc.. for Henry L. ^'on .Meyer, repre¬ sented by Cammann, Voorhees & Floyd. M. & L. Hess; Inc., leased for the American Carbonate Co., Emil Rueff president, the 1-sty building, 437 East l.sth st, running through to 432-436 East 19th st, to the Associated Linen Suppliers Co., Inc., a syndicate com¬ posed of several of the largest linen supply houses In the metropolitan zone. The lessee has arranged to install equipment for use In its business and tb make extensive alterations throughout the building, which will cost in excess of $150,000. The lease covers a term of years at an aggregate rental ot approxi¬ mately $150,000, The Broad-Exchange Co. leased to the International Telephone and Telegraph Cor¬ poration, Colonel Sosthenes Behn, president, the parent company of the Cuban Telephone Co., Porto Rico Telephone'Co.. and Uruguayan Telephone Co. and Radio Corporations of Cuba and Porto Rico, the entire B-sty fire¬ proof offlce building at 41 Broad st, covering a plot 31x138, for a term of 21 years. The tenant will take possession at once. This lease is especially interesting as this section has become the center for companies of rapid communication. In the immediate section and vicinity are already located the homes of the Western Union Telegraph Co.. the French Telegraph Cable Co., the Commercial Cable Co., the All America Cables, Radio Corporation of Amer¬ ica and a branch of the New York Telephone Co. The property which the Broad-Exchange Co. has leased is part of a plot of over 50.000 square feet owned by the Broad-Exchange Co. and the Alliance Realty Co. Brown, Wheel¬ ock-Harris, Vought & Co.. Inc., were the brokers In the transaction. The building will be known as the International Telephone Building. Maurice Wertheim leased for Gustave E. Walter for 21 years with renewal for a similar period the 4-sfy business building 155 East 41th st, 25x100, together with a rear building, 25x25. on the adjoining lot, 153 East 44th st, at an aggregate rental ot about $250,000. The lessee is 155 East Forty-fourth Street, Inc., a corporation receutly formed. The premises will be used for offlces aud showrooms. B. Mftz & Co. leased the 5-sty building at 108 West 31st st for Mrs. Elena B. Goodnle and .Mrs. Pauline H. Drew to Max Schacht for a term of 21 years. Adams & Co. and P. M. Clear & Co. leased for Michael and George Coleman the garage at 2ir, 218 West 30th st to M. Danielson, for a long term of years, at an aggregate rental of about $100,000, Lease of the building at 101 Chambers st has been extended by the Almy Realty Cor¬ poration to Kreutgers, Inc., from February 1, 1925, to June 1, 1033. The rental will be $12,- 500 per annum net. The Cruikshank Co. rep¬ resented the landlord and Lesser & Lesser the tenant. J. Arthur Fischer leased for the estate of H. T. Gratacap to David Sobel, 143 Grand at, a 4-sty brick building, 17 11x80, for a term of years. The 323 Fourth Avenue Corporation, which recently leased the 3-sty building at that lo¬ cation, has also an option to purchase the property for $110 000. The lease is for 21 years at $6,000 to $7,000 net per annum. Hup Eealty Co., Inc. J. Chr. G. Hupfel, The Chevrolet Motor Co. leased the 1-sty stone building. 50x100.5, at 217 West 58th st for a sales building for used cars. This is The 3-sty Northwestern Hotel property at the southeast corner of Chambers and West sts and the adjoining 3-sty buildings at 182 and 183 West st have been leased by Caroline Truax from May 1, 1927, for 10 years to Naze- reno Gazzale at an annual net rental of $17,- 000. MANHATTAN BROKERS ORVILLE R. ACKERLY & SON Brokers and Appraisers LONG ISLAND REAL ESTATE Phone; Longacre 2280 243 West 34th St.. New York City G. MALVIN DAVIS Real Estate—Insurance Torkvllle Section 1276 Lexington Ave. at 86th at. Lenox 897« FRED. OPPENHEIMER Real Estate—Mortgage Loana 540 Bergen At., at I49th St. Phone- MELRORB 5007 J. & E. REALTY CORPORATION SELLING—LEASING—MANAGEMENT Gotham Bank Building 1819 BROADWAY Phone Columbui; T094 - 4(81 ABRAHAM SAFFIR REAL ESTATE 1472 BROADWAY. LONGACRE BLDG. PtMne BrrsDt 6944 ERNEST N. ADLER Upper East Side Property a Specialty ISOS FIRST AVE., at 79th St. ■•tablished 1903 Fbone: Btilnelander UK WM. B. MERRALL Industrial Real Eatate 342 MADISON AVE. Vanderbilt 4699 ARTHUR L. SHAW Washington Heighta Specialist 4032 BROADWAY. ABOVE 169TH STREET Wadsworth 4150-4151 ARMSTRONG & ARMSTRONG Real Estate A(ent» and Brokers Zi2 ST. NICHOLAS AVE.— New BBhtb Atb. und laist Btreet Phone: Momiogside 1376 JOHN CONSTABLE MOORE REAL ESTATE 15 EAST 40th ST. Vanderbilt 8189 SHERMAN & KIRSCHNER Real Estate and Insurance 1641 Madison Ave. NEW YORK Tel. ITniversity 3237-7404 LEONARD MORGAN CO. Real Estate—Insurance—Estates Managed Gotham Bank Building, Columbus Circle Suite 504-5 Phone: Columbus 1646 JAMES B. SPEYERS & CO., Inc. Real Estate CANADIAN PACIFIC BUILDING 342 Madison Ave. Suite S14-81» JAMES A. DOWD Real Estate—Insurance Renting—Management 874 SIXTH AVENUE, above 49th Street ARTHUR G. MUHLKER Rea! Estate^Insurance 1112 PARK A^'K VFAR 90TH ST Leno'? 9435 WILLIAMS-DEXTER CO.. INC. Greenwich Village Real Estate Insurance Seventh Avenue and Perry Street Chelsea 8096