7‐STORY BUILDING ON FIFTH AVE. SOLD; Transportation Corp. Buys Parcel From Winston

The Transportation Corporation of America, 375 Park Avenue, has purchased the sevenstory building at 714 Fifth Avenue, between 55th and 56th Streets.

After extensive alterations, the building will be occupied by four subsidiaries of the company, Trans Caribbean Airways, Inc., D. C. Transit System, Inc., International Railways of Central America, and Transportation Communications of America, publisher of the Spanish language newspapers, El Diario and La Prensa.

The building was bought from Harry Winston, Inc., jewelry concern, which had occupied it before moving to its present quarters at 718 Fifth Avenue, at the corner of 56th Street.

The remofleling willbe done from plans by Hooks & Wax, architects.

The Penn Mutual Life Insurance Company has sold the fivestory commercial building at 141 West 42d Street, near Broadway, to a client of George Ross, lawyer. The building is under a long‐term lease to the Adler Shoe Company. The property is assessed at $265,000. It was sold subject to a first mortgage of $150,000 through William A. White & Sons, brokers.

The 10‐story industrial building at 524‐32 West 23d Street, between 10th and 11th Avenues, has been purchased by Itkin Brothers, Inc., office furniture concern. The seller was the Emerson Radio and Phonograph Corporation. Boris Feinberg was the broker in the sale. The law firm of Sugarman, Kuttner & Fuss represented the buyer. Raymond Herzog and Morton P. Rome were the seller's lawyers. Title was insured by the Title Guarantee Company.

The 12‐story loft building at 10‐14 East 12th Street, between Fifth Avenue and University Place, has been purchased by a client of George Ross, lawyer, from the Drew Operating Corporation, which had owned it 12 years. The building was recently modernized. The sale was subject to a first mortgage of $300,000, according to O'Gara & Co., brokers in the transaction.

The four‐story commercial structure containing stores at 362‐64 Eighth Avenue, at 28th Street, has been purchased by Seymour Bernstein, who owns adjoining property. The seller was the estate of Edward A. Brennan. The property had been owned by the Brennan family for 120 years.

The two adjoining four‐story corner buildings containing 12 apartments at 96‐98 Grove Street and at 168‐70 Waverly Place in Grenewich Village have been purchased by Manny E. Duell, realty investor. Louise Passarelli, the seller, was represented by Leo Sandlar, lawyer. Green & Ettinger were the buyer's lawyers. BernardCharles, Inc., was the broker in the transaction.