1901-06-09 SF Chronicle -c1

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1901-06-09 SF Chronicle  -c1 - ttMHKMMMt4MUtMM 1 - - - - - - Priee Paid a...
ttMHKMMMt4MUtMM 1 - - - - - - Priee Paid a Seeret but Fig - ure Probably in Excess of Two Millions V mHE REPORT that a portion of the Blythe block had been Durchased by - I W Hellman broadened out L yetterduy into the act that the entire property had been sold by Mrs Florence Blythe - Mooe to Mr BTellman Antoine Borel and others whoae names are not given out This is undoubtedly the most extensive realty4 transaction from a financial view that has ever taken place in San Francisco The amountisnot stated n fact U Is known only to the seller and the buyers some of the other perr sdns connected with the negotiations beln as much in Ignorance Ignorance as is the general publlvXtcan be estimated however however from the comparative facts that In the Baldwin - Flood transaction the nex In Importance to the Moore - Hellman deal 34000 square feet of Market - street realty were Involved and the consideration was 514J5WW while there are 64854 square feet in the Blythe bloclf including the recently acquired Sawyer lot and the condemned Brooks street The property thus disposed of comprises all of the block bounded by Market street Grant avenue and Geary street excepting three pieces They fire the Adams Klbbe parcel at the gore 6f Market Kearny and Geary street 37 on Market 20lH on Kearny and 306i on Geary street the Mutual Savings Banksite adjoining 53 feet on Market and 74 feet on Geary stret sold In January of last year by Mrs Hoore for 290000 and an irregular lot on the cornet of Grantvehue and Geary street partly covered by the former City of Paris building with 40 feet on Geary street 0 on Grant avenue and with a twenty - foot I In the rear The frontages of the property sold to the Hellman sjTidlcate are 35Hi feet on Grant avenue 225 feet on Geary street and 23s feet on Market street At present present the Blythe block produces an income of about 3140000 per annum which is 316000 a year more than twel e months ago when in Wood building was leased for ten years at an increase from the former rental of 318000 to f 23000 or nearly 2 per cent This lease might be supposed supposed to stand in the way of improvements of a general character but it Is Intimated that it is not an obstacle which cannot be overcome

Clipped from San Francisco Chronicle09 Jun 1901, SunPage 12

San Francisco Chronicle (San Francisco, California)09 Jun 1901, SunPage 12
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