The Archive · 1929

Huge Land Deal in New York

Eleven Acres in Manhattan

Taken Over on Lease New York, Jan. 23.

The greatest real estate deal in the history of New York has been concluded. It involves a sum over $250,000,000 and the razing of nearly eleven aeres of buildings in the heart of Manhattan for the cereetion of new Opera House.

Theee blocks of buildings extercing from 48th Street to Sist Street have been leased, at an annual rental $3,000,000, for 87 years fron columbia' University by Mr. J.

ickefeller, Jr. Over 200 houses IM be razed to the ground and, if an agreement is reached, an Opera House will be built on the site Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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