Newspaper Page Text
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Sells 6th Ave.
Realty Between 25th and
26th Sts. Has Been Owned
by Family for Genera
tions; To Be Improved
Hospital Di8po.es of Lots
Land on Avenue A Sold by
Presbyterian Trustees a
Gift From J. S. Kennedy
Dwight. Archibald & Perry, Inc, has :
?old for Vincent Astor to a syndicate j
represented by Louis and Harry Kob- i
ner, the block front on the east side of I
Sixth Avenue, between Twenty-fifth ,
and Twenty-sixth streets, known* as '
414-430 Sixth Avenue, and including
63-57 Wast Twenty-fifth nnd 52-64 West i
Twenty-sixth Street. This plot is 200 j
feet on Sixth Avenue. 125 feet on
Twenty-fifth Street and 127.3 feet on :
Twenty-sixth Street. It has been owned j
by the Astor family for generations.
The purchaser contemplate extensive
alterations to meet the present press
ing demand for space along this part of
Presbyterian Trustees Sell
The trustees of the Presbyterian
Hospital have sold through William A.
White _ Sons and the Brown-Wheelock
Co. the plot consisting of over forty
two lots bounded by Avenue A, Sixty
seventh Street, Sixty-cighth Street and
Exterior Streel. The plot which has
on it only a few old buildings wa*
purchased by John S. Kennedy in 1909,
tfho- made a gift of it to the hospital.
It was expected at that time that the
new hospital buildings would be erect
ed upon this site. Thc three blocks to
the south. from Sixty-fourth to Sixty
seventh streets, are owned by thc
Rockefeler Institute and occupicd by
its group of buildings.
Gt More De Peystcr Street Realty
.William A. White & Sons hnve sold
for James N. Brcnnan to Power's
Weightman-Rosengarten Co., 27, 29 and
31 De Peyater Street, on a plot of ap
proximately 60.3x50.3. The property
imrhediately adjoins thc present build- I
ing of the purchasers and it is their
purpose to erect an addition to their
building on the site acquired.
Sale ln New Needle Workers' Zone
The H. M. Weill Company has sold
fer William Nelson 213 West Thirty
fifth Street, a six story warehouse, on
a plot 24x100; also for the Lindemann
estate the adjoining three tenements
on plot 66x100, making a total of 90x
100. The buyer is a large cloak and
suit concern, which will erect a six
teen-story loft building.
The Weill Company has also sold for
Seamon Brothers to David J. Ut and
Harry Moeller the building at 122 Sev?
enth Avenue on plot 19x60.
Sells Tenth Street Loft
Max N. Natanson has sold to a client
of J. B. Gordon 28 East Tenth Street,
a twelve-story loft on plot 46x92. The
transactlon was for all cash.
More Pearl Street Activity
Pease & Elliman have sold for
Thomas Hall, 27-29 Pearl Street, an
irregular plot, 40.10x100 by irregular,
running through to Bridge Street, im?
proved with a six story buildiig, which
will be altered by the purchased for
his own occupancy.
Resale of Bridge Street Property
William Pierre Jockin, of/Jockin &
de Florez, has resold the building at
??1 Bridge Street which he sold last i
July for Henry Overing Tallmadge to |
h syndicate of #nancial men and title \
to whjch was recorded in August in j
the name of the Connelly Investing
Corporation. It was originally acquired l
by these interests as a key to a plot of |
some 20,000 squarc feet, including part
pf the Broad Street frontage, which
Mr. Jockin had assembled as a site for
an improvement. He recentlyq sold
the syndicate a larger plot in the '
fmancial district and it was decided to
resell the Bridge Street parcel.
Tenants Buy in Crosby Street
Charles F. Noyes Co. has sold for :
Wayland * Bevnard. attorneys, thc six- !
story buildingiat 49 Crosby Street to
George Bioco & Co., thc present ten- I
Sale on Forty-second Street
Joseph F. Feist _ Co. have sold 422
West Forty-second Street for Joseph
Estate Sells in West Broadway
Paniel Birdsall & Co.. Inc, has sold
'he pr-perty at 270 We3t Broadway to
Frederick Fruiesen for the estate of
Their O w n
Hope in This Way to Get
Close to Space Situation
and Discourage Profiteer
-nji; by the Landlords
What promises to reprcsent a bureau
?f ?ital importance functioninjr along
new lines for a trade organization will
be inaugurated by the United Waist
League of America in the near future,
when the league will open a real estate
department for the purpose of taking
over ail real estate problems in the
waist industry, handling of leases and
waging an aggressive campaign in an
effortto eliminate proflteering in leases
and checking the steady rise in rentala
for lofts in the manufacturing districts.
At a special meeting of the executive
hoard of the United Waist League of
America, held yesterday at its head
?luarters, 29 East Thirty-second Street,
Samuel A. Lemer, president of the na?
tional organization, outlined to hi* as
soeiates the aerions situation prevail
ins? at the present time in the garment
industry as a result of the tremendous
overhead expense confronting the
Mr. Lemer told of proflteering in
leases. and it was said at the meeting
that it would not be surprising if the
proflteering in lfase* in the garment
manufacturing district has run into the
million* of dollar* since the loft. *ear
city came about.
The proposed bureau will investigate
conditions in the manufacturing dis
trict, aseertaining the stat.ua of leases
held by members of the league, issue
fenlletlns on all vacant lofts and fur
niah the waist manufacturers with de
tailed Information on real estate prob?
Brown Exlemin Realty
Aetivities to PhiiadelphSa
Tr.e S. S. White Huiidsng at ?he
sout.heast corner of Crestnat nr.d
Twelfth streets, Philadejphia, hss b<>en
)?*o4 to Fraderick Brown for a term
ef twerty-ons years at an agrragate
ranUl ef 11,600,000.
Bmrrty *. New4n?. Inc, and Hobert
3. Ces?r?sU ?mn ta* *rok?ra> I
Fifth Avenue Residence and Business Building, Many City Dwellings and
Comfortable SuburKan Homes, Plots and Flats Are To Be Sold at Sage Auction
interest in the real property field is
divided somewhat between private and
public selling and will be, perhaps,
until after lthe sale of the extensive
property holdings of the late Mrs. Rus
sell Sage*. The motive for the auction
and the character antf extent of the
offering make it one of the most in
teresting that have been scheduled in
Urs. Sage provided in her will that
the realty be disposed of and the pro
ceeds divided among more than a score
of educational and charitable institu
tions. The auction sale, which Joseph
P. Day will conduct on Tuesday, Jan?
uary 20, will be a step toward a bequest
to education and charity, and the senti
ment attached to -the sale as a conse
quence is expected to bring many to
the sale. Of course, the character of
the property will bring men in all
walks of life to the Vesey street auc?
tion room, as the offering includea
Fifth avenue business property, yalu
able , building sites, tencments, and
many dwellings in the Long Island
Interesting to Speculators
The offering of three Fifth avenue
properties is specially interesting at
this time, because of the restriction
announcements made recently by the
Save New York Committee, which an
nouncement closed the splendid cam?
paign conducted for the sole purpose of
protecting real estate values in the
midrtown business, hotel and' anruse
ment sections of Manhattan; This cam?
paign has not only. gained its objective;
but its final recommehdations,. when
carried out, will.doa great deal to re?
store values in, the lower sectibns of
Fifth avenue, where, at the ndrtheast
corner bf Fifteenth street, is' located
the eleven-story. modern^lpft building
to be sold by the. Sage es.tate. ''\-\
Tbe two other Fifth Avenue proper-1
ties to be sold' by the-Sage est'ate i
consist of the one-time Sage dwelling!
at 604 Fifth Avenue. between Toff.y- i
*ighth and Forty-ninth -street8, and; of j
the Columbia College ,leasehold,,.a five-j
story and baseme'nt building, with' ele
vatbr, on lot 28.9x131, at- 632, ? "Fifth
Avenue, between Fiftieth and Fiffy
first streets, opposite to the Cathedral. !
The Sage ,esidence is one of the few
private d^elUngsin this partlof Fifth.
Avenue remaining unaltered, arid now i
available. for business purposes. ? The i
leasehold pToperty is at the southern
edge of the new art center. '??
While the^^fhterest ot "the more
promin-ent investors will center prob
ably in thtesVvtbree" "properties, othei
i offerings that should arouse competi
tive -- bidding; are the block 'front in
Riverside Drive', from 109th to: 110th
! Street, the plot, 100.5x110, at the
; northeast corner of Madison Avenue
l and Sixty-fourth Street, several corner
i.and ihside properties in upper, Park
and Lexington Avenues, the two ele
j vat.or apartment houses at Central Park
| West and 102d Street, and the garage
l.atS 117 West .Thirty-fourth Street.
ippeal to the
These properties hold
tentialities, av.d will
For the operator in city and subur
ban dwellings, and for the horriesee'ker,
the sale holrls an equal amount of
interest. This is due to tho offering
of^ six five-story dwellings in West
117th Street, between Lonox and
Seventh avenue:-, and sixty-seven
houses, averaging six'rooms each and
leased to monthly tenants, with posses?
sion if desired, at. Cedarhurst; L. I.
In addition, there will be sold several
fine building sites in and adjacent to :
Central Avenue, which is the best resi- ;
rlential seetion of Far Rockaway.
Other interesting offerings aro sev
oral ?ide street apartment houses and
tcnements in Manhattan, and a large
iilot in Long Island City, at the corner
of Prospect Street and Hunter Avenue,
impraved with two-story frame build?
ings, comprising six dwellings and one
two-family house with a store.
In speaking of the forthcoming sale,
Mr. Day said:
"The late Russell Sage was not only
a captain of finance, but he also pos
sessed an excellent knowledge of renl
estate vaiues and the trend of popu
lation. During his lifetime he loaned
large amounts on real estate and it
was one of his peculiarities that he
would never entertain a loan on other
than a highly standardized building. He
liked square rooms and had no use for a.
house that contained rooms, of irregu?
lar shape. /
"In the making of loans on vacant
or partially improved property, Mr.
Sage took good care to lend only on
centrally located parcels in active sec
""The love Mrs. Sage bore to human
ity at large was expressed in her will,
under terms of which the residue of
her estate is to be divided among thir
ty-six prominent and deservijig insti
tutions. These bequests must now be
paid and the cash necessary to their
payment will be procured in part from
the absolute auction sale o*f the valu
able New York City real estate ac?
quired by her husband. No more sig
nificant or timely sale of real estate
has been held in the City of New York
in the last decade."
Labor Is Charged With
Hope for price reduction in any com
modity, and particularly in the con?
struction field, has been based on sur
plus production. Economists have
maintained that prices will remain high
just so long as supplies are limited.
Government heads through public ap
pcal have urged upon the nation the
necessity of utilizing to the utmost the
greatly increased efficiency of business
and manufacturinjr machinery of-the
: country, developed by the war, in the
| hope of hringing about a condition of
| full production instead of limited out
For the purpose of getting an au
thentic basis for prognosticating the
; future in the construction field S. W.
; Straus & Co. sent queBtionnaries to
every large building material manu?
facturer in the country asking for spe
cific information. The replies indicate
; very heavy underproduction in all lines.
aud the opinion oxpressed by these men
: or interests is that building material
prices will move upward.
"In our opinion the demand for
butlding material* at the present time
i exceeds the available supply, at least
in the eastern half of the United States.
.This is particularly true as regards
steel products, such as reenforcing
steel expanding metal, lath and steel
wmdows. We are not. producing as
much as in normal years.
"We believe the upward trend in
jreneral costs of building materials will
continue and that there will be no
reression during 1920. We are antici
pat|ng unusual activity in building and
construction work, providing the build
mg trade unions agree to produce in?
stead of striking."
The president of a terra cotta com?
. V.1" m-v opinion the demand for
building materials at the present time
is greater^than the suppjy, and we are
producinjr only about 60 per cent of
what we produce in normal years. The
; main cause of underproduction in the
! buildinjr material industry is the labor
situation. The present upward trend
in general costs in building materials
w;ll continue until there is greater pro?
duction. which must be brousrht about
by a very considerable increase in the
available constartt supply of lubor"
The secretary of one of the leadinir
quarrymen's association* said:
"Lnquestionably, at the present time
? the demand for building materials is
| greater than the supply. In the lime
j stone industry no more than 60 per
l c?>nt of normal lg being produced at
! the present time). This is due to sev
jeral factore. Wa are short of labor,
| what labor we have ia distinctly in
| < fficient, and the tendency is constant
ly toward the eurtailment of working
hour*. The labor situation i? d'stinct
? the mafn cause <-f underproduction
"' : I US.
Prlre Peaks Have Been Reachcd
"After labor voridition* have beconie
. utabilized we judge it will require the
bettar part of a year before produc?
tion raaches the level of demand. Po
far as the preient upqrtrd trend of
r^neral eogts of btjilrjlnr materials is
eoncernad, w* ?*? eonvfoeaeV 4a>avs? Ja
the item of limestone the peak
haj* been reached. There comes a
point ultimately where cost is pro
hibitive, and that point, in our judg
ment, is about at hand. We anticipate
unusual activity in building and con?
struction in 1920, because in all eities,
large and small, we know from iirst
hand information that housing facili
ties of every kind are woefully in
The president of one of the Iargest
'j'neet and tuhe companies said:
"I am of the opinion that there is
sufficlent material for present demand.
(%r production this year will be about
6." to 70 per cent of normal, due to a
sladkened demand the first half of the
year and to the strike in the steel
irfaustry. I think that the cost of
labor in most lines has reached its
peak, and for that reason I do- not
beljeve that there will be any further
increase in the cost of building ma
terials. I rather look for slightly lower
costs in some lines the latter part of
T^he vice-preaident of a large concern
engaged in the manufacture of building
"There is no doubt that the' main
caupe of underproduction in the build?
ing material industry is the labor sit?
uation. There probably will be a
shortage of common labor even after
these labor disputes are settled. I be?
lieve that tho costs of building materials
have reached the peak, but that they
will stay up several years. 1 look for
unusual building activity in 1920, but
it will be limited by the shortage of
"To bring about the return of nor?
mal conditions in the building mate?
rials industriee I recommend a stand
ardization of products, materials, de?
signs, etc. This seems to me tb otrer
th* nearest help in overconiing the
labor shortage and cutting the high
The sales manager of a cement cor?
"During the early part of 1918 our
production was below normal, but for
the last several months it has been
nearly normal. Considering the build
ng materials industry as a whole the
labor and coal questions appear tobe
the ehief reason for any underpro?
duction that may exist. So long as
labor costs continue to advance there
will be an upward trend in general cost
of-building materials. One difflculty
confronting the building material man
ufacturer is the shortage of railroad
equipment. Prompt steps should be
taken to increase the present railroad
equipment of tha country."
Mrs. H. S. Ford to Spend
9350,000 on New Home
The Babbltt-Lakons Construction
Company has started the erection of a
hveljing at. N'yack-on-the-Hiulson for
Mrs". H. S. Ford, of Grand View. The
fyuldmg will be ereeted on the old
neoper estnte, one of the most beauti
ful of the Hudson River sltes. H T
Child i? the architect. He has de
Jigned a pure Colonial residence, of
Wreproof constroetipn throughont The
building will be completed l>y Novem
$350,000.*' *n aWr0*,m?* ?????? *'
Bank to Ptvy $1,000,000
Rental for New Home
Union Exchange National to
Loeate at Fiffch Avenue
am! 30th Street
The Union Exchange National Bank
/yesterday figured in a $1,000,000 real
i estatc deal, when a lease was signed
? for a terni of years for a new Komo at
; the northeast corner of Fifth Avenue
; and Thirticth Street.
It will occupy a space of 80x150 feet
j on the ground floor of the proposed
i new Textile Building, work on which
| will shortly he begun and Which will
j house several of the largest concorns
' in the textile industry. The basement
Lof the building will be used by the
bank for its safe deposit vaults.
In 1903 the Union Exchange National
j Bank took possession of its first. quav
: ters, at the northeast corner of Fifth
| Avenue aiul Twentieth Street, remain
l ing there for two" years, and in the lat
I ter part of 1905 rnoving lo its present
j home, at the corner of Twenty-first
Street and Fifth Avenue.
$200,000 34th Street Lease
Henry Shapiro & Co. have leased
for Schulte Cigar Stores Co., to the
218-20 West 34th Street Corporation,
Ithe two five-story buildings at 218
,20 West. Thirty-fourth Street, for a
I term of twenty-one years at an aggre
I gate rental of $200,000.
I This property aujoins the altered
I buildings recently leased to the C. & L.
I Lunch Company for a !onp term. The
buildings will be extensively altered
into stores and showrooms. Henry
Shapiro & Co. have been appointed
: renting agents.
I Old South Church Sold
For Apartment Sile
Property at the Southwest Cor?
ner of Madison Avenue
and 38th Street
I Thc old South Church property at
the southeast corner of Madison Ave
; nuo and Thirty-eighth Street, near the
1 J. P. Morgan residence, lias again been
I sold, and is now to be reimproved with
?an apartment hotel by a newly formed
corporation. Tho sale was negotiated
by S. Osgood Pell & Co. for'August
: Heckscher. The site measures OK.o feet
on tho avenue and 125 feet in Thirty
Mr. Heckscher purchased it in 1017
' from tho Rcformed Uutch Church.
i When the church first, decided to sell a
sale was entered into with the consent
I of the. Supreme Court to two different
i firms "of operators, with thc under
j standing that the church would deliver
the> property free from restriclions
against an apartment house, but this
it was unable to do.
After the church began litigation to
break the Musray Hill restriction so
i that a multi-family structure could be
: erected and subsequently it was pur
i chased by Mr. Heckscher. As a result
| of this and subsequent litigation the
| plot was made available for apartment
Brooklyn Loft Sold
Tho Realty Associatos have sold the
seven-story relnforced concretc Idft
building at the northwest corner of
Berry and South Fifth Streets. William
burgh, to Robort S. Caisford. The'
property fronts 148 feet on Berry
street and 75 feet on South Fifth
Street and contains 70,000 square
feet of floor nrea. Nassoit & Lanning
were the brokers. The sellers ac?
quired the property three months ago.
House for Auslin H. Hart
Bankers See Faults in New
Realty Financing Plans
j Three distinct plans for the total or J
partial removal of real cstate finance
j from the losing struggie against tax
| exempt securities are now before Con
! gress. First, a chain of Federal home '
; loan banks to rediseount the mortgages
: of building and loan associatron:?, the
i funds to be provided by an issue of tax
| exempt. Federal "instrumentalities"; ;
second, specific exemption of interest. on
mortgages amount ing to $40,000; third,
i-a Federal urban mortgage bank to redis
j count the mortgages of member corpora
tions by issues of tax exempt bonds.
Referring to these various schemes,
the Savings Bank Seetion of the Ameri?
can Bankers' Association says:
"The proposed Federal home loan
banks are provided for in the Calder
N'olau bill at the request of certain
building and loan association officials
acting through the Department of Labor.
lt, now seems possible that the majority
of those most interested in the future
growth of such associations see the evil
results of a plan which was proposed
with much enthusiasm.
"The second resulted from methods
of real estate finance which are pe
culiar to New York City, and no very
pronounced support is evident else
| where. While there would be an un
i doubted advantage to those offering
mortgage securities in competition
with government bonds and instru- I
mentalities, the principal arguments
as set forth by the Merchants' Associa- i
tion of New York are that the housing i
! shortage is nation-wide, seriousiy
Chreatens the industrial efficiency,
i peace and prosperity of this country'
; and the health and contentment of its
people; .that Congress has already es- '
tablished the principle of assisting in !
the financing of urgently needed proj- '.
i ects by the elimination of income tax?i
from securities as in the case of the !
government loans, the Federal farm
l"an banks. War Finance Corporation
and rruinicipalities, and that the pres?
ent housing situation is due in large
degree to curtailment of construction
by the "government during the war.
Urban Mortgage Bank Plan Has Faults
"An urban mortgage bank is the most
, recent proposal. Although it has re
: ceived no extensive discussion, it is
well to note that it proposes to form
ja co-operatively owned but politically
managed corporation of Sl.000,000 or
more eapital under Federal auspices
lt would use Federal credit to redis
count at not over 1 per cent the real
estate mortgages for terms of from
ten to fifty years held by banks or by
trust, title, mortgage and insurance
companies, which .yvould invest 5 per
cent of .their rediscounts in the stock
of the bank. That stock would be en
titled to a 7 per cent cumulative divi
dend as earned.
"I.ike the proposed home loan bank
it would obtain 'instrumentality' ex?
emption s by the mere grant of author?
ity to deal in Federal securities and
to accepl govcrnmonl deposits -if. as
und when so doaignatod by the Sec
rvtnry of the Treasury -but provided
that no HUCh government funds can he i
used in its regular mortgage buving I
i "In tho last nnalysis the same end
I would ba aeeomplished by authoriz
I mg the purchnse by the United States
(Iioasury of real estate mortgagei
which would qualify with the arbitrary
specincations and unusually long terms
named in the bill. It. is not required
that the underlying mortgages shall be
amortized, although it is specified that
a higher rate of amortization than 2
per cent a year shall render the mort
gage ineligible for such discount.
"ln replying to a request from the
introducer for comment on this bill,
the secretary of ihe savings bank spc
tion of the American Bankers' Associa
tion noted that in his opinion the bill
could serve no other purpose than to:
"1. Supply tax exempt funds to the
urban mortgage market, thereby has
tening the day when the entire tax
burden of the country will rest upon
real property and service incomes.
"2. Establish certain requirements as
to ihe cost of obtaining and perfect
ing mortgage loans, which may be fair
in the mind of the one who drafted
this bill, but which may be entirely
inadequate at other times and in other
"3. Eatablish a system of red tape
and new positions, whereas the entire
function could be performed by an
officer of the Treasury Department.
"4. While the bill extends the ad
vantages first conferred by the Federal
i'arm loan act, it still fails to extend
the benefits of tax exemption to all real
estate loans, but creates a new and
further discrimination which at some
time must be removed. Further, the
subsidy sought to be conferred by this
bill must sooner or later be extended
tf ther classes of loans and eventually
to all industrial securities, although it
may first be required for our hard
pressed railroads and other utilities.
Tax Exemptions Not Cood.
"As to the principle of general tax
exemption which underlies all of these
bills, we will quote the recent (Decem?
ber 8, 1919) report from the United
States Senate Committee on Banking
and Curreney approving the Smout bill
"This bill removes the tax exemp?
tion from the bonds issued by tho
joint stock land banks. It is the opin?
ion of your committee that the tax
exemption privilege should never have
been extended to these bonds The
accumulation of large aggregations of
capital, wholly exempt from any and
all forms of taxation. is wrong in prin?
ciple and should be discontinued. The
arge taxpayers will graduallv absorb
these bonds which will contribute
nothing to the support of the govern.
"And as to the' disturbing effects of
tax exemption, not merely for real
i\8,ate, ,but 'oi' all securities, witness
!i .?>,1?.winK e->'to?'ial statement i?
15 1?19- Get Journa1'' December
"'The severc decline in prices of
corporation bonds this vear is larcelv
""-?'buted by. New York bankers to,
the high supertax on iircome and the'
excess proflts tax on corporation:-.
'?Bankers who mako n speclalty of
noaung in corporation securities "?ii?
oloso thai wealthy Investors have been
gradually divesting themselves of
bonds which are subject to income
taxes nnd thnt few of this class of in- I
vestors can be Induced to reinvest in '
corporntlon issues crcn nt present,
pHeos, which are the towest In Vls
To Show Likhigf0
Lawrenee McGuire Sell.
Nine-Story Apartment i?
58th Street; Strand Vi**
in 99th Street, U SolJ
Douglas L. Elliman 4 Co ?n^ \r ?
Gaillard have sold the nine-stoSal*
ment at 152 West Fiftv-eighth c? n*
for the Marcaro Corporation .Uwi?*
McGa.re president), on plotjffif
The purchasers are Irvin^ i?j- iw?
Joseph Silverson. who hav? i"*^*
property for investment. ,h*
Sale nf Strand View
Isidor Zimmer and Samud RMnirW
have purchased from Irving Jud,", .'5
Joseph Silverson. through Micha.lv
Rosenberg. the Strand v"*?l
West Ninety-ninth Street *? Ll?
story apartment house. on plot T^inrT
Zimmer & Rev-nick have rosold ??'
Lipschite U06 College Avenue a fiV?
story apartment. on plot 38.6x100
Corporation Sclls 9.1d St. HoaM
William S. Baker has sold for th'?
3157 Broadway Corporation i Morri, v
Fichtcr, president) to the Riger Resli
Company (Ellis Rigcr, president) thi
six-story elevator apartment, on'?uI
50x143.2, at 316 Wes, N?,e?uS?
160th Street House for lnrMtor
Charles Berlin has sold for J. Spi?CPl
and tho A. Z. Realty Cnmpanv to> H>r
man Boland, of Syracuse. for invevl
ment tho live story apartment at Kl i
West 160th Street, 0n plot 3Sxl00.lt
was a cash doal. *
Dyckman and Bronx Deals
S. Wigdor has so'd for ? Mr. Rm.
jamin 25 VermUyea Avenue. on plot
50x137x150, a five story apartment!
Also sold for the G. * C. Realtv Com
pany 1632 University Avenue, 67xfe?,
a five story new apartment. Sold fn'r
S. Finklcstein 905 St. John's Avemia
on plot 20.2x90. a four story Hngle ???'
Mr. Wigdor boughl through Schwab j,'
Co. 41 Buchanan Place, n cornr- buiM
ing. on plot 55x100, and 12240 Grtnj
Avenue. adjoining, on plot 4.ixl00 hrS
at $17.r>00. ' ' *
Sale in 179th Street
Harry Godstein has sold th? Cole.
nial at 714 West 179th Street. betwrei
Broadway and Fort Washington A\r.
nue. a five story 50-foot new-lnw
apartment. to" A. Fordan. Harry Bhi,
theiser was the broker.
Buy House in Eighteenth Street
The DuroBS Co. and George H Bed
have sold for Anna Brandt the fiv?
story and basement quadmnle tene.
ment at 215 West Eighteenth street on
lot 25x92. Kinnie C. McDonald is 'tha
Sales on East Side
James H. Cruikshank has sold to
George H. Walker 218-220 East ;.Md
Street. two four-story flats, with storw i
50x100, taking in part payment elewn
lots on East. Twenty-ninth Street and
Avenue Z, Flatbush. William C. Hvde
was the broker.
John .1. Cody and (ieorge S. Runk
have sold to the Ming Toy Holriitij
Company the four-story tenement. on
lot 20.\fi7.2. at 1252 Lexington Avenu*.
Otterbourg, Steindler & Hou?ton,
representing A. Barlin, have purchaM
from Abraham Liebman the five-storv
double flat, with store, at 1730 Madisoit
Avenue, or. lot 25x100.
Other West Side Sales
William Oppenheim has bought 5S0
West 144th Street, a six-story elevitor
apartment on plot 87.6x100.
M. M, Hayward <?? Co. have sold for
the Weisgreen Realty Co. to a ellent,
the five-story apartment at 2fi0 Weit
Ninety-ninth Street and West End Ava.
Barclay Estate Sells
Holdings of 300 Years |
Buyers Will tmprove Broadway
Site Now Orrupirrl by Two
Wright Barclay, Inc, has *old fnf
Dr. Harold Barclay et a! to Criitel & K
Cristal 321-23 Broadway, two old build- J
ings with stores, on p'.<">; 50x100. Thi?
property has been in the Baiday fam
ily for over three hundred years and
has been in the Barclay name for over
two hundred years,
The buildings now erected on fia
property were originally old private
dwellings and about eight; live ftstt
ago were alterrrl into lofts and stered
The two stores have h''"!i occapied f"f
the last twenty-three years hy John J.
Dowd's Restaurant. well known tn th?
merchants of this sccl on.
Plans are now home prep*red br
George & Edward Blum, architects,
for a modcrn si^ story store and lofl
building, which will be ready for ofr
cupancy about May 1. 1920. It is th" ^
intention. of the purc'tiHsers tn m?k(
this building a textile luiiiding isp?
cially adapted to the requirements n
the cotton trade.
Mr. Barclay reports thal r.cgo: *?
tions are w>>il under way with a w
known cotton firm foi the leasing ?'
lhe stores and sornc- of the upper parts
of the proposed building.
Realty Aetivity Along
Lexington Av. Keeps lf
The Mct'abe property has been P?
chased bv the James C. McGuire to
pany for investment. No PlR,n* ...
as yet been made for its fleveloi?m*" ?
The asking price for lhe PW^'j
$200,000. In the immedlate vlC'm7 ,,]
tho pronerty sold yesterday 'ry
other interesting transactir.es ^ *~
been made and othera sre Pen""*'-?>
tails of which have not yet oefn
with their late associat*. (,for?forC?
nenfeld, under tho name of the it ?^
Rosenfcld Company. Inc. '',',> "^ ?k 4
will be known as Bnticr. l?nt?n*
M?ll?.. I.... _
Other Real Estate j
JSetvs and AdveriisintU
ln Main Sedi*?\