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New-York Tribune from New York, New York • Page 34

Publication:
New-York Tribunei
Location:
New York, New York
Issue Date:
Page:
34
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News and Comment of City and Suburban Real Estate Market 20-Story Ashland Building May Pass to New Control Deal for Structure at Southeast Corner of Fourth Avenue and 24th Street, Owned by Max Natanson, Indicated by Formation of New Company China? In control of the twenty? rtory Ashland BulWing at the south oast corner of Fourth Avenue and Twenty-fourth Street is indicated by he formation of the 315 Fourth Ave? nue Corporation by Marks Marks, attorneys, and having a capital of The structure, which is owned by the Normar Real Estate Cor? poration, Max N. Natanson president, is on the city vax books at a valuation of $1,660,000, of which $685,000 rep? resents land value. The Ashland Building is one of the pioneers of the commercial invasion of Fourth Avenue, and fronts 98.9 feet on the avenue and 150 feet on Twenty fourth Street. It replaced the Ash? land House, a landmark of the Madison Square section about twelve ago, and is directly opposite the block home of the Metropolitan Ufe Insurance Company. The incor jKirators of the new company are L.

Goldberger, I. Ginsberg and H. M. Marks. Earlier in the week Mr.

Natanson through William S. Sussman, the seventeen-story Knickerbocker Building at Fifth Avenue and Six? teenth Street to Joseph Zeamons. Dyckman Flat Purchased by Old Investor! William E. Keyes Purchases Flatiron Apartment Re? cently Completed; Wind? sor Court Has Been Sold The flatiron apartment recently com-: pleted the intersection of 211th and Isham stieets and Broadway has been sold by M. Just to William E.

Keys, The house was built bv Maypat Build? ers, and has thirty-two suites. It is on a plot 196x136x100. Mr. Just also sold the plot 100x100 at the northeast corner of Isham Street and Vermilyea Avenue to Patrick J. Dwyer, who will erect a five-story apartment; also sold for the Keys estate the two five-story houses at 511 and 513 West Nineteenth Street, 57x 100; also for the Arborview Realty Company the plot 100x115 on the east of Richardson Avenue, 105 feet south of 238th Street, upon which two j'amil.

dwellings will be erectde; also Mary Mullin, of Cambridge, the lot 36x82 on the east side of Plains avenue, 111 fet north of Pen iield Street, upon which a store and dwelling will be erected; also for Max Marx the lot on the west side of White Plains Avenue, 111 feet north of Pen 25x86, to the Arborview Realty Company for a two-story dwelling and Windsor Court, a six-story elevator apartment at the southeast corner of Broadway and 161st Street, has been resold by Joseph Shenk to the Maxroc Realty Corporation, representing Max RoBenfeld. The house occupies a plot 100x100. Other Sales of Flat? Rachel Bereano sold to the Schendler Realty Company the seven-story ele? vator apartment, 40x90, at the north? west corner of 118th Street and Lexing? ton Avenue. The F. S.

B. Construction Company sold to Augusta G. Weinberger the five story flat, with stores, 25x100.11, at the northeast corner of 117th Street and Seventh Avenue. Denis Dugan sold to E. A.

Metzler two five-story flats, 53.4x100.11, at 78 and 80 East 115th Street. Harry Blume sold to Usher Tugend? haft a four-story tenement, 25x87.10, ut 3631 East Eighth Street. The Forest Box and Lumber Company sold to Hyman Strafsky a four-story tenement, 24.11x90.11, at 807 East Sixth Street. Abraham and Fannle Aronstein sold to Luke' Peterson a five-story flot, 26x99.11, at 184 West 130th Street. I The Lawyers' Mortgage Company sold to Frank Dar Conte a five-story tenement, with stores, 33.11x95, at 304 Henry Street.

Joseph F. Day It his job to find for three mile? of home? erected during the war the vicinity of the big shipyards in Phila? delphia and Camden. The Ship? ping Board has 2,000 in these sections, which it to dispose of. Mr. Day has been asked to sell the houses.

He will offer them for the govern ment at auction next month, will be, perhaps, the largest deal of kind in part of the. country Private Homeseekers Ont On East and West Sides Karoline Adler Sells House in 78th Street; Upper River? side Drive Corner Sold Karoline Adler sold to Marcus Scheibner a three-story dwelling at 43 East Seventy-eighth Street, 16.8x102.2. The three-story house, 73.7x98.1x ir? regular, at the northwest corner of 158th Street and Riverside Drive, has been purchased by Emma L. Crawford from Alice McC. Livingston.

The Matons Realty Corporation sold to Helga Hoving a three-story dwelling at 125 West 122d Street, 18.9x100.11. Alfredo and Hortense Fasano sold to Nicola and Emilia Liguori a three story dwelling at 255 East 122d Street, 14x70. Mary 0. Phillips sold to Elizabeth Calvert a three-story dwelling at 234 West 127th Street, 12.6x99.11. Francesco Fiore sold to Fiorentia Cardona a two-and-one-half-story dwelling at 61 East 128th Street, 16x 99.11.

Maria Stokes sold to Eva Gold farb a three-story dwelling at 534 West 148th Street, 17x99.11. The Duross Company sold 219 West Tenth Street, a three-story dwelling, 1 21.3x51. J. Irving Walsh has sold for Pauline H. Drew the three-story dwelling at 1 Van Nest Place, 20x79.3.

Antoinette Rescigno sold to Pasquale Mucciolo a three-story dwelling at 355 Pleasant Avenue, 16.8x75. Upper West Side Sites Sold The F. S. B. Construction Company sold to Israel E.

Kobre a vacant lot at 158 West 118th Street, 25x100.11. The vacant plot, 75x99.11, on the south side of 155th Street, 100 feet west of Eighth Avenue, has been sold by George Ehret to Annie 36 Families Will Pay Upward Of $51,000 for These Flats 34 East Fifty-first Street This is the first small suite apart? ment house to be started in the Park Avenue and fty-first Street section. The house will accommodate thirty families. There will be four on floor. Each apartment will have three rooms.

The rentals to be paid will the 84 East Fifty-first Streot Baalta-i Company a profit of $6,1, 000 a year, according to the owners of the property. The building will be nine stories and the architecture of the Italian period. The Fred F. French Company, which de? signed it and will build it, estimates the cost of land and building at 000. S.

W. Straus Co. recently loaned the owners $325,000 to build the bouse. More Large Sites In Bronx Bought For Improvement Demand Continues for Va? cant Property in North? erly Borough Several Store Buildings Planned i Samuel Shapiro purchased from the Pershing Realty Company the plot, at the northeast corner of 183d Street and Morris Avenue, and will im? prove the site with eight stores and bakery. Mr.

Shapiro also purchased from Joseph Sager the plot on the west side of Avenue St. John, 105 feet north of Southern Boulevard, 75x100. The purchaser intends to erect a one-story store building from plans by George Kibitz. McLernon Brothers, with John H. Krehbiel, sold to Hyman Berman and Herman Pasloff the plot 73x120 at the southeast corner of Third Avenue and 168th Street, which had been owned by he same family, who lived on the prem? ises, for five generations.

The new owners will improve the pite with stores. McLernon Brothers also sold to Mr. Berman a plot, 50x100. on the south side of 183d Street, west of Grand Avenue, and plot 100x100 on the east side of Andrews Avenue, south of Ford ham Road. Apartments will be erected on this property.

Charles Siegel Levy purchased from the Rowlan Realty Company the block front 200x105 on the north side of 170th Street, between Walton and Townsend avenues. It is located be? tween the Grand Concourse and Jerome Avenue, and Mr. Levy plans improving it wath stores. The George Goldblatt Company wa3 the broker. Shaw," Rockwell Sanford sold for the Rycroft Realty Corporation the1 plot, 239xll8xl02x irregular, with three-story dwelling, at the southeast corner of Anthony and East Buraeide avenues, to an operator.

John J. Tully purchased the south? east corner of Tremont and Walton avenues, irregular, and will erect stores and apartments immedi? ately. Alexander Selkin and David Mintz were the brokers. The Hesu Realty Company, M. Hel? ler, president, bought the northeast corner of 151st Street and Melrose Ave? nue, plot 70X115.

This W83 the first time it had changed hands in fifty years. John C. Heintz and Jacob Siegel sold to August Harnischfeger, a client of Richard Dickson, a plot on the north side of McLean Avenue at the city line, which will be improved. Neckwear Manufacturers Get Space in Fifth Ave. Take Floor in Building in Lower Section; Leases in Grand Central Section Cross Brown Company leased the entire ninth floor at 105-107 Fifth Ave? nue to Stanton Brothers, manufactur? ers of women's neckwear.

J. Arthur Fischer leased the store at 102 West Forty-second Street, corner of Sixth Avenue, to M. Biblo, tioner. Berlowitz Caine leased the store at 126 West Thirty-second Street to Penn Retail Stores, a newly formed chain cigar store corporation! the westerly store in the South Building, Thirty-sixth Street side, to R. S.

K. Lunch, Inc. The Brown-Wheelock Company, leased with the Presbrey-Lcland Com? pany a floor at 681 Fifth Avenue, F. G. Pflomm leased the store at 148 West Sixty-eighth Street to the Sherman Square Auto Supply Corpora t'on, the first loft at 32 and 34 West Twenty-ninth Street to Sol Sachs, fur? rier; at 11 West Thirty-first Street, the first loft to the Original Hand Embroid? ery Company and the fourth loft to Heid Brothers, dresses; at 738 Broad? way, the first loft to the Klencke Nov? elty Company and the fourth loft to L.

Rosenbaum, and at 10 West Twenty ninth Street, the first loft to Livingston costumes, and the fifth loft to Ira Greene, dresses. The Duross Company leased the store and basement 152 West Four? teenth Street to William Chaikin and Max Schiff; tho store at 235 and 237 West Fourteenth Street to David Hothersall, and the store at 700 Green? wich Street, southwest corner of Tenth Street, to Alexander Deus. W. J. Russell leased to Reinhard Brothers, tobacconists, a store at 29 Maiden Lane for ten years at a rental of $85,000.

Ryan and Louis Marks leased the store and basement at 72 West 125th Street to the London Fur Shop for over fivo vcars, at an aggre? gate rental of $35,000. Trading in Brooklyn Realty Bulkley Horton Co. sold 1182 Dean Street, a three-story dwelling, for Miss Florence Blasdell. William Liss, sold for the Crox Construction Company a new two-fam? ily, semi-detached, stucco house, with garage, 25x100, on the east side of East Tenth Street, about 300 feet south of Kin's Highway, to Mr. Bolton.

The property was held at $15,000. The pur? chaser paid all cash above a first mort? gage. 'lhe Mclnerney-Klinck Realty Com? pany sold the three-story apartment store building at 1212 Nostrand Avenue, Brooklyn, 20x100, for Charles C. Pal liser. A.

Mishkin sold through the Wood Harmon Company to H. Canton a plot, 40x100, on the south side of Avenue 60 feet east of East Eighth Street. Pf Stuyvesant Pillot Rents Home in 56th Street Worthtngton Whitehouse, rent? ed, furnished, for P. Stuyvesant Pillot his residence, 18 East Fifty-sixth Street, to Frederick H. Prince jr.

The Duross Company leased to Wil? liam Brandkamn 60 Perry Street, a dwelling; to Whitford Kane and Elmer E. Spang'er the three-story dwelling at 223 West Twelfth Street, and to Helen G. Spain 335 West Twen? ty-eighth Street, a three-story dwelling. J. B.

English leased for Margaret J. Brown to Louisa Gard the four-story dwelling at 129 West Sixty-first Street. Samuel H. Martin leased the three story dwelling at 134 West Sixty-fifth Street. Buying in Westehester Prince Ripley sold for Thomas K.

Smith of Norwalk, his residence on Summit Avenue, in the Chester Hill section of Mount) Vernon, to O. Dolge, of this city. R. Franklin Hull sold for Courtney D. Whittemorc his residence at 13 "Valley Road, White Plains, to the Reliable Se? curities Corporation.

Stilwell Realty Offices sold a va? cant plot on Bonnett Avenue, Larch mont, for the Larchmont Holding Company to Leonard Larsen, who will erect a dwelling. Village Corner Sale J. Irving Walsh sold for the Wil? liams-Dexter Company the four three story and basement buildings at the northeast corner of Bleecker Street and Perry Street, Madison avenue Will Meet New Year With 80 F. of Width From 42d Street North to 61st Street 4 Father Knickerbocker will have re? claimed by the first of the year all land belonging to him on Madison Avenue from Forty-aecond to Sixty-first streets. Later he intends to recover that which is his on Madison Avenue north of Sixty-first Street.

Just now he is par? ticularly in need of the extra space on the avenue between Forty-second and Sixty-first streets because it is his aim to make this street an auxiliary of Fifth Avenen and widening of the road? way and sidewalk are necessary to do this. Years ago when New York had not so many people nor vehicles property owners on Madison Avenue, and other avenues as well, were not prevented from infringing on city land. It was a common practice to build stoops, area ways, store windows and other struc? tural features beyond the private prop? erty line or building line. Had New York remained a city such as it was thirty years ago the trespassing -would not have been noticed. But New York grew so rapidly that more space had to be found to relieve the jam in the highways of the city.

In his perplexity Father Knickerbocker discovered that a lot of his land was being used for private purposes and it occurred to him that if he had this property he could widen his sidewalks and roadways and make public travel less congested and irksome. Investigation Showed Many Offenders Investigation disclosed many offend? ers along Fifth Avenue and Broadway. As these were the great traffic lanes of the city the trimming of buildings on theBe highways was ordered first. Finishing with these streets it was decided that all obstructions on city property- should be removed. Protests were made, but the fruit of the cleav? ing of Fifth Avenue and building frontages to conform with the property line convinced all that it was a good thing for the city.

The war halted the cutting away of Madison Avenue's clumsy old brown stone stoops, areaways, extending win? dows and other parts of buildings on public property. Shortly after the armistice was signed the proposal for the widening of Madison Avenue was revived. It was one of the first, if not the first, of the back to peace time projects undertaken by the city. Madison Ave? nue had in the intervening years blossomed out as an important shop district. Traffic in an endeavor to escape the congestion on Fifth Avenue, had taken to Madison Avenue with the result that it was soon a slow moving jam.

The narrowness of the roadway and tho fact that half of the width of the street was used by trolley cars made the situation on Madison Avenue a serious one both for the city and the property the property own? ers becauso the highway conditions would have a reacting effect on the upward movement of store values and property fees. Some owners, realizing the value of a wider highway, began to cut away the obstructions which the city had condemned before the war. Several months ago the official order was given to proceed with the improve? ment. Father Knickerbocker told own? ers that he wanted eighty feet of un? interrupted highway from Forty-second to Sixty-first streets, and to do this everything that extended beyond the property line would have to be re? moved, and without delay, because he proposed to widen the roadway twelve feet, which would make room for two additional lines of traffic, one on each side of the street. Most of Clearing Completed Property owners are making every effort to have the new face of Madison Avenue completed by the first of the year.

In other words, it is the aim to greet the.new year with a new Madison Avenue. This is well nigh a certainty, for practically all of the most impor? tant work has been completed. The city has finished, at a cost of about $200,000, the widening and paving of the roadway for the nineteen blocks north from Forty-second Street, the Ritz-Carlton steps have been pushed within the building and the high iron railing and the narrow court have been removed and a sixfoot strip clipped off the terrace of St. Patrick's Cathedral block. The changes on Madison Avenue were not as far reaching as those on Broadway and Fifth Avenue, where millions of dollars was spent in carry six feet of its vault under the side? walk.

When the scars have been patched up, leaving a clearly defined building boundary line, Madison Avenue will be a straight away lane 80 feet wide. Each sidewalk will be 13 feet wide, which is six feet less than before the street was trimmed straight. Though a six foot strip, forty blocks long, has been taken away, reducing the width of the sidewalks from 19 feet to 13 feet, the walking space remains the same, be? cause the property taken by the city was used for private purposes, being occupied by stoops and other struc? tural obstructions. The six feet taken from property owners has been added to the roadway, which is now 54 feet wide. It was 42 feet, which was not wide enough for vehicle traffic and trolley car3 to move with facility.

Count made by the Department of Highways in 1916 showed 6,137 vehicles moved north and south on Madison Avenuo between Forty-second and What a difference a few years will make! Maditon Avenue looking north from Forty-first Street, Reproduction above shows the avenue about twenty years ago? The one on the right is the avenue as it is to-day ing cut the alterations demanded by the city. Not more than $1,000,000 will be the total bill for the repaving, widening and setting back of the build? ing obstructions on Madison Avenue. St. Patrick's Cathedral and the hotels on the avenues were the hardest hit by the improvement. The for instance, had to remove not only its steps and court, but also cut away Forty-third streets in a period of twelve hours.

Tabulations made re? cently in the SMrne block and for a twelve-hour stretch showed 1,637 vtmcles tnan five yt-ars ago. The clock registered 8,014 vehicles. Of this number 3.799 were northbound and 4,215 southbound. Five years ago 2,665 vehicles were counted bound north and 3,652 bound south. State-Wide Drive To Be Launched for License Law Realty Men to Meet Here Next Month to Perfect Campaign for New Legislation The first meeting of the executive committee of the New York State As? sociation of Real Estate Boards will be held at the Hotel Commodore in this city on December 2 and 3.

In addition to business of immediate interest, there will 'be a dinner on December 2, with addressee on realty subjects, and a luncheon conference on the following day to adopt a definite method of precedure in the -campaign for a license law. The Long Island and Westchester County boards are making the dinner arrangements. The subjects for discussion aro: "The License Law Campaign," "Ways and Means for 1922," "Uniform Mem? bership Classifications," "Publication of an Official Monthly Magazine," "Adoption of the National Coda of Ethics," "Authorizing Individual Mem? bership Campaign," "Definite Action to Forestall the Introduction of a Bill in the Next Legislature to Prohibit Realtors From Drawing Contracts, Deeds and Mortgages," and "Action on Boards Which have not Paid Dues The drive for a license law is in the hands of a committee, of which James Frank is chairman. The committee will co'lect and prepare evidence to be presented to the Governor, in sup? port of a license law. Governor Miller vetoed the measure passed by the last legislature.

Holy Name R. C. Church Plan? Clubhouse in 97th St. The Holy Name Roman Catholic i Church Society has awarded the con? tract for the erection of a clubhouse it is to build at 214 West Ninety-seventh Street to Walter T. Murphy, ac cording to Brown's Letters, Inc.

It will be a four-story building, on plot 42x100, from plans by Raphael Hume. Old Bronx Borough Casino To Be Altered for Market The Frederick Morton Company has been awarded the contract for the renovation of the old Bronx Borough Casino into a public market, arcade, stores and meeting rooms. The plans were prepared by Horace Ginsberg and H. I. Feldman, architects, and ect will involve an expenditure Suites in Apartments Rented Albert B.

Ashford, leased apart? ments at 15 West Sixty-seventh Street to Norvin R. Lindheim and at 42 West Fifty-seventh Street to Ralph R. Sin? clair. J. Arthur Fischer leased two apart? ments at 66 West Thirty-ninth Street to Miss Jessamine Allen and to Mar? garet George a studio apartment at 63 West Thirty-seventh Street.

Noyes and White Forces Even in Sport Battle Former Team Wins at Tennis, but Loses at Golf; Harry Hall Demonstrates He Is Master of Gang at Ancient Game Charles F. Noyes has decided to com? plete the interior of his offices, at 118 William Street, a work that was Bus pended last year because certain deco? rations which he sought with which to embellish his office space could not be had. Up to this time Mr. Noyes has been able to obtain only one-half of the decorative features he desires, but he will have his offices completed in anticipation of eventually landing the entire display. These decorations consist of two silver vases, one representative of supremacy at golf and the other stand? ing for superiority at tennis.

Mr. Noyes tried to obtain them a year ago, but certain young men from the estab? lishment of William A. White Sons foiled his plans, with the result that both vases have decorated the office of Frederick M. Hilton, president of the White organization, for the last twelvemonth. Noyes ahd his trusties made another bid for them last Thursday, with the result that one of them will rest in a specially built niche in the Noyes of? fices during the next year, and another niche will be prepared for the compan? ion cup in case it is won next summer.

Competition for the trophies was held at the Woodway Country Club, Stamford, Conn. While A. B. Himmel man and George E. Major, of the Noyes force, were vanquishing the tennis ex? perts of the White firm, Mottley and JFrank Tukey, of the White golf team, composed of Harry Hall and John L.

Tonnele survived the fierce at tack of Mr. Noyes and Charles Heller. Mr. Hall and Mr. Noyes had a most interesting battle.

Hall, 1 up after the morning round, started the afternoon by winning five successive holes. Then Noyes hit his stride, and, playing the next ten holes in 47, had Hall 1 down, On the Ia3t green Hall dropped a put. winning the trophy for his side for an? other year. Tarpon, Beware! Wilbur Spear will be out of York before the end of the week, ant on his way to new fishing grounds. is going to try his kick in the Floridi waters.

He wants, to get a hook inte a tarpon, a awordfish, a shark or somi other of the big fellows that loaf abou in warm currents of the South Spear knows the sea up this way Fluke, flounders, bass and others the finny family in and around Nev York waters rarely get away from hin when he starts after them in his Iittl launch. He is now going to get ae quainted with the big fellows off th Florida seaboard. It Is not likely tha he will give a whoop about appraisal and property values while there. 'A will return to his maps, figures, ap? praisals in the office of the Brown-Wheelock Company in about ten days. Byrns Elected Bank Trastee Chester Byrns of the office of Joseph P.

Day is the latest Teal estate man to be asked to have a say in the con? duct of financial institutions of this city. It was learned the other day that Mr. Byrns has been elected a trustee of the Broadway Savings Insti? tution in Park Place. Mr. Byrns is manager of the auction department of the Day organization, in which capacity he has been brought close not only to the financial business of the city, but to investors and bank depositors both large and small.

Louis J. Batzle, who has spent some timo in the offices of the Brown, Wheelcok Company has transfered his efforts to S. W. Straus Co. Mr.

Batsle has been asked by the later firm to join its loan department. Maine Loses Two Bucks and Doe The Maine woods have lost two bucks, a doe and perhaps some fowl as a result of a visit from Sidney E. Brewster, J. Carlisle Peets and Charles C. Delmonico.

The three men, two real estatcrs and an advertising man, an? swered the call of the wilds a few weeks ago. They left the blazed trail, or Fifth Avenue, -on October 19, and headed off in. a northeasterly direction, coming up twenty-four hours later at Burlington, after a trip of 671 miles. That was the starting-point of the hunt in the Maine woods. Some time after getting in Brewster met a big buck.

The big fellow decided that he was to pass and Brewster was equally as determined he would not. After the dispute, which ended in favor of Brewster and his gun, it was found that the buck weighed 180 pounds and had eleven points on his antlers. Peet brought down a doe and Delmonico shot a spiked-horn buck. On October 29 the trio, with their catches, got back to Burlington and started for the blazing city where every trail is lined with lights. Twenty three hours later they were back, and the following day the real estaters were again at their old tasks and the advertising expert at his desk filling newspaper space with words and fig? ures to bring trade to clients.

Invests in Madison Building The Nelll Building, at 17 Waverly Place, Madison, N. 24x110, has been sold to George Perlaw by Susan Neill. It was held at $16,000. Joseph V. Keating was the broker.

Lawrence Elliman to Lead Economy Drive National Movement Against Gov? ernment Spending To Be Sup? ported by Realty Men Lawrence B. Elliman, of Pease Elliman, has been appointed com? mander of the General Real Estate Division in the mobilization of New York business men in the Budget Guard being organized by the National Budget Committee, 7 West Eighth Street, under direction of Sam A. Lew isohn, banker, to support the movement for national economy and lower taxes. Plans for the organization of 15? New York trades and industries were outlined at the first meetisg of the Budget Guard at the Downtown Asso? ciation last Wednesday, when John T. Pratt, national chairman, and Sam A.

Lewisohn, New York City, chairman of the National Budget Committee, con? ferred with twenty-one division heads. Mobilization of the Budget Guard among New York's trades and indus? tries is part of the National Budget Committee's nation-wide movement to create popular support for the efforts of General Charles G. Dawes to put the administration of Federal expendi? tures on a business basis under the re? cently adopted budget system. Among the members of the budge! committee, of which John T. Pratt it chairman, are: Chief Justice William H.

Taft, Henry L. Stimson, Benjamir Strong, William M. Chadbourne, R. Lefflngwell, Henry P. Davison, Alton Parker, Samuel McCune Lindsay, Dr Nicholas Murray Butler, R.

Fulton Cut ting and Adolph Lewisohn. In assuming leadership of the rea estate division, Mr. Elliman said: "Like every other business in country, realtors and their clients fee I the heavy burden of taxation, and believe the movement for economy business administration of governmen expenditures as inaugurated by Gen eral Dawes, is as important an; single civic enterprise in the countr; to-day. Every business man in the cit; owes it to himself and his business, i not from a standpoint of civic duty, help support the economy plan to th utmost of his ability. It Is my belie that the real estate business will dem onstrate its stand on this importan civic matter, as it has in every othe crisis, by giving its full co-operation.

Flat in 8th Avenue Sold Charles Wynne Louis H. Lo' purchased from a client of Alexander Green the six-story apartment, at 2905-2907 Eighth Avenue, containin twenty-seven apartments and tw stores. The property was in the seller' hands for a number of years. Harol L. Lewis was the broker.

To Build in Brooklyn, Levy Bros, sold to Morrison Lar Corporation the plot 200x100, at tl northeast corner of Eleventh Aveni and Fifty-third Street, Brooklyn, which the buyers will erect two-fami' houses with garages. Queensboro Tube To Be Extended West Bids for Construction of Subway Over to 8th Ave, To Be Opened Wednes? day; Two Years' Job What it will cost to bring- travelers directly into Times Square and the Wc-it Side system of the terborough Rapid Transit will be known next Wednesday, when t' Transit Commission will open the bids received for extending the Queennboro tube west from Grand Central, it? present te.rmlnus. It is estimated that the cost of extension will exceed $4,000,000 ar'. will take two years to build. It wili eliminate the pr'-sent necessity for all passengers transferring at Grand Cen? tral except who wisn to go north or south on the East Side line.

It is also expected to relieve th? congestion on the be? tween Grand Central Station and Time? Square. Extension to Eighth Avenue The plans call for a two-trsck sol way, beginning near Vanderbilt Avenas at a levi-l the shuttle ex? tending westerly through Forty-second Street to a point east of Sixth Avenue There the line will bend south, underneath Bryant Park into Avenue, and thence run beneath Forty first Street to a terminal just west of Eighth Avenue. New stations on the line will be lo? cated at ruth Avenue and Forty-second Street and beneath the Times Squar? Station of the Interborough-Broadwa; Seventh Avenue line. One reason given by the Transit i Commissi for constructing the une as far as Eighth Avenue, was that tually it will connect with a new scb way through the latter thoroughfare, which it is believed will be the first tj be built when new work beeins. "Traffic counts made by the Transie I Commission inspectors indicate that 100,000 passengers use the shuttle daily and that 25 per cent of transfer to and from the Queensboro subway.

As originally laid out in the dual subway contracts adopted March, this extension was to have been buii- under Forty-second Street to a poir: just east of Broadway. This, however, i would have required all passengers to walk a considerable distance to mako connections north and south on ths Broadway-Seventh Avenue line. Will Be Under Present Subways The present plans provide for tha placing of the Queensboro subway ex? tension station at a lower level than either of the present stations in Time3 Square. These stations will intersect each other in the middle. In order to travel between the strees and the Queensboro subway passengers will move along an upper mezzanine which will be provided west of Seventh Avenue and another mezzanine east of this avenue, which will extend to Broadway.

These mezzanines ar? to be. connected by passageways. Escalators are provided in the plans from the lower mezzanine to each of the upper mezzanines, and provision is made for an additional escalator east of Seventh Avenue should the traffic require is in the future. There will bo five stairways leadir.j* to the street, two at the northeast corner of Seventh Avenue and Forty first Street and four on the west aida of Broadway, two at each corner. $310,695,700 Spent for New Buildings in N.

Y. Close to Two-thirds of This Sum Used to Relieve House Shortage Construction undertaken in the fna boroughs of New York in the last ten months represents an investment $310,695,700. according to the F. W. Dodge Company.

This is equal to the total amount of construc? tion contracts let in the entire vear 191.V1. The total for October was 848,332,200. Although this was somewhat less than the September figure, which established a record, it is the second large-; monthly total this year. Beginning with $8.900,000 in January, the con? struction figures steadily increased until $60,000,000 was reached in Sep? tember. Although the October figures represented a seasonal decline, the vol? urne of work being started now, to? 1 gether with work already under way, assures an unusual amount of activity to be carried through the winter months.

Residential work of all kinds bas been the dominant factor this year, amounting to $195,933,400, or 63 pc?" the total. Duning the entila year 1920, residential work in NewYor: Uuy amounted to $81,650,200, which was only 26 per cent of the year's total. Residential contracts in the first te i months of 1921 have called for the con of 41.638.800 square feet floor space, compared with 15,142,00.) square teet in the year 1920. Washington Heights Operator Buys Rockaway Park Homo George Zauderer, a Washington Heights realty operator and president of the A. Z.

Realty Company. pur? chased for his own occupancy the house of Samuel Balmuth at Rockawa? Park. The property fronts 100 feet on Washington Avenue and 220 feet Tenth Avenue, and is improved with modern res dence containing I rooms and three baths. The was held at $58.000. Adolph Burch wa? the broker.

Samuel Wacht jr. sented Mr. Zauderer. East Side Settlement To Increase Activities 'Plans have been filed with the Man-' hattan Bureau of Buildings exten? sive alterations to the East Side Settlement. The plans call for changes of rangement in the main building the music school and the addition of a new wing to enable the settlement enlarge its activities.

Charles Smith? ers is president of the board of trus? tees and James C. Mackenzie jr. is tue architect. Ellen E. B.

Jennings Sells Costly Glen Cove Warren Murd'ock sold for Ellen E- Jennings her summer residence Glen Cove, L. to Nettie E. Liver more. The property consists of nine seres, with large stucco residence and The property adjoins the estate? Edward R. Ladew.

William V. Heste'? Dr. J. C. Ayer, Alice A.

DeLan-mr E. J. Maxwell and was held $150,000. i Estate to Sell Holdings In Bronx Ovnied for Years J. Clarence Davies sell at auc? tion on Tuesday, November 1, in th? Bronx salesroom the three houses 494 to 498 East 163d Street on 1 BOxlOO.

It is a partition sale to the estate of Anna Vanecek. which 1 owned the property for many.

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About New-York Tribune Archive

Pages Available:
367,604
Years Available:
1841-1922