Daily News from New York, New York • 299

6, Brand 57 TM Bern's tower raoiuer By OWEN MORITZ Urban A flairs Eolor Parks Commissioner Henry Stern is sitting on a bombshell that could reshape the skyline of New York and he isn't sure he wants it The bombshell is a 112-year-old law that seems to give the parks commissioner the power to veto any construction within 350 feet of a city park. And Stern right now is under strong pressure from a Brooklyn citizens group to exercise that law and block construction of a 13-story condo complex overlooking Prospect Park. Led by Monica Frizell of the Citizens for the Preservation of Windsor Terrace, a delegation met with iiern at ms Arsenal Tower for $500,000 to $5.5 million each and his building is 714 feet high while Trump Tower is a mere 664 feet high. Macklowe is the builder who coughed up $2 million to settle a civil suit with the city growing out of the illegal demolition of four buildings along W. 44th St one night last January.

He had also advertised the 65-story Metropolitan Tower as a 78-story job until the Department of Consumer Affairs intervened. But what's $2 million when you figure to make $100 million that's pretty much what Macklowe boasted to Forbes magazine. His math: He paid $40 million for land and air rights; construction will cost $110 million. Macklowe figures to gross $200 million from sale of the condos. That leaves 300,000 square feet of office space that should generate a "net cash flow of about $10 million" a year.

And the bottom line, according to Macklowe: "Valuing the commercial space at 10 times cash flow, I expect to make $100 million." Hotel inns and outs Real estate kingpin Harry Helmsley still owns three of the city's biggest hotels the Harley, the Helmsley Palace and the Park Lane and a half-dozen smaller hotels. Although he sold off the St Moritz earlier this year to Trump, Helmsley is still holding on to the others, despite rumors to the contrary. But something is brewing. There'll be a name change and maybe more next Thursday. One rumor has the Harley (named for Harry and his offices in Central Park on Tuesday to urge him to block a developer from building the high rise on Prospect Park Southwest Henry Stern A genuine leather! everyday lo price! variety of styles! I A A 4 1 I -A wife, Leona, who runs the chain) changing its.

name. Another has all the Helmsley hotels changing their Stern agrees the development would break with the "tree line" of Prospect Park, "blight the vista" and in general "injure" the area. And he has fired off a letter to Herbert Stun, chairman of the City Planning Commission, urging a reconsideration of the high-rise job. But Stern also thinks the law is "obsolete" and wants the Corporation Counsel to advise him on its constitutionality. "My understanding is it applies to curb cuts," says Stern.

Attorney Philip Damashek, representing the Windsor Terrace group, says the law is quite clear and was intended that way when passed by the Legislature in 1873 and included in all charter revisions. "You," Damashek told Stern, "have the power and duty to authorize and regulate the use of all streets and avenues lying within 350 feet from the outer boundaries of any park lands under your jurisdiction." "If that's legal," counters Stern, "the parks commissioner would be like the mayor" a reference to the fact the commissioner would be able to regulate what goes up on Fifth Central Park South and Central Park West. millions Well, Harry Macklowe has broken his silence long enough to announce he expects to make $100 million when his controversial Metropolitan Tower opens next year on W. 57th St next door to the Russian Tea Room. Indeed, Macklowe figures Donald Trump will look like a piker when he gets done.

That's because he's marketing 248 condo units in Metropolitan Helmsley. at age 75, pull- Leona Helmsley ing out? Is all this part of a bigger deal? No one is ready to say, just yet City slickers They topped out a 52-story office building at 346 W. 49th St last night with Gov. Cuomo presiding and pianist Bobby Short performing. The idea of show biz folks giving performances at real estate events is one of the new phenomena in town.

If Mayor Koch seemed a bit unreal yesterday after his slam-bang victory in Tuesday's primary, imagine how he'll act tomorrow when he meets a life-sized cutout of himself to open, the Big Apple Fix-Up at the New York Coliseum. Former Giants defensive end Andy Robustelli has been named to head a company to promote light industry in Nevis in the Brand 57 exciting new fall footwear fashions in a variety of styles! Choose from a beautiful selection of pumps, sling3 and open-toe looks! In genuine leather or suede on stacked or covered heels! And only 2 Cfasiion Shoe Shop tl 3 a yfttrfL. Daily: 315 Lotto: 05,37, Vgt 0 Win-4: 1637 07, 31. 26, 01 TrAs.Sr Supplementary: 32 New Jersey 7f A Pick it: 900 Pick 4: 9219 Payoff: $253.50 Payoff: $2,638.50 Connecticut Ewry Tuesday and Daiy. 369 piay-4: 2163 Friday In the DaWy New 1 tateie oolite is aUaatfS in fczdAian lE3TO AVE eD sa: CENTE FO0M RO 3to AVE 6 FLUSHING KINGS Pl2 JEES Bt.vO BOCStvEi.T tElO VALEV S'E ONES WfMiTE PlAiNS PARAMOS MOhE-Cm V.Q paok 01 Sv-NCao iPramus or3n La TC closed Suncay) No mad gyxy nn noror MasiarCara Va 4 cs at a ot our.