The New York Times from New York, New York • Page 79

THE NEW YORK TIMES. SnNDAY. SEPTEMBER St 191L" 9 Estate World LATEST DEALINGS IH THE REALTY FIELD i I Rhinelander Waldo Trans I fers Her Madison Avenue SEVENTH AVENUE EXTENSION WILL CREATE GREAT BUSINESS REVIVAL IN OLD GREENWICH Actual Work in Making a New West Side 1 OO-Foot Thoroughfare to Begin Next YearWill Mean the End of St. John's Chapel Many Varick Street Landmarks Doomed to Destruction Beneficial Effect Looked for in MAKING ROOM HI CROWDED STREETS Underground Roadway Planned for Several Blocks In Forty- -second Street. Sip fill 3 House to Her Sister.

Upbuilding of Territory Around Pennsylvania Station. HAS NEVER BEEN OCCUPIED CITY ENGINEERS FAVOR IT si. liMrfnitntl for Wat pis "K- Active Bronx Market D. N. Carvalho Buya Roslyn Farm.

Mrs. Gertrude Rhlnelander Waldo, Biotber of Police Commissioner Waldo, fcas transferred, as was revealed In tbe recorded transfers yesterday, the famous Waldo mansion on tie southeast corner tt HmAmou Avenue una Beventy-seoona Street to her sister. Miss Laura v. Rhlne. Amr.

The house ui attreotea consider able Attention lately in new or its hi at foreclosure laat season, when It was bought In by Mr. Waldo, and the fact that tt cm generally presented if kampt appearance In that exclusive reel-ntlal neighborhood. Built at great ex-rnu uveral years ago. the house has Bver been occupied. Adjoining It on Seventy-second Street Is another house tbe same style of architecture which Mr.

Waldo allowed to go at foreclosure ul a tew days ago. The transfers also show that Mrs. has transferred to her sister the tinrthpaitt corner of Barclay and Wash-. Irgton Streets, being; 221 Washington and, tQ to 67 Barclay street. The consideration In each case, was given as nominal.

West Bide ApartneaU. The west side la to have another high-dass apartment house In the district iround Eighty-sixth. Street, which has tbown great activity recently In Improvements of this nature. The new addition ill (a erected on the southeast corner 1 West End Avenue and Eighty-sixth Ifctrset, replacing several line oia reoi-jtwices. 2 This is the plot purchased a short time Jo by Mulltfcen Moller, the property I Vine heia in tne name ox 01 tne ni jUd Avenue Company, of which Harry li UuUUen is president muiiwen Uell-r are the architects, and the estimated cost Is The house will ta twelve stories high, fronting TO feet ea the avenue and 1U2.2 feet in Eighty-crib Street several blr houses similar In type have ten completed for opening this season la tbe Immediate vicinity.

Only the preceding day plana were mea fw a $1,000,000 apartment house, to ba racted on the northeast corner of River side Drive and 114h Street It is being allt by the Riverside Drive Realty com. taiy, of which A. O. Hall Is President. 1 or this improvement tne oia era nouse, or tne rew weu-anown tanamaraa on ae Drive, has been wiped out.

Tne Private Dwelltas; Market. frank J. Griffin has sold 823 West Otventy-seventh Street, a four-story veiling, on lot 22 by 102.2, between West ilBd Avenue and Riverside Drive. tfOsiel Touster sold 61 East Seventh welling on lot 25 by 97.6, between First nd- Second Avenues, to Isldor Kandel it xai.iMio. etubenvoll Bros, have sold the last ofi.oma AKWHnn k.v.

hir one-family houses on Kant l7th -ha nmd-by lndl- Vueet to a buyer who will occupy the remises. Baying Teoemeets. William Wolffs Son has sold for Mrs. tante Peters 170 East Eightieth Street. I tour-story brick business building.

22 If 102.2. to George Ludwig, attorney, and taold the same to a client, who will make itenlve alterations and occupy. The firm of brokers have also sold for carles llammel Co. 221 East ElghUetn treet. a four-story double flat, i by CI.

to a client Broai. Otment H. Smith has sold for a client two-family house 77s East 178th jt. near Mapes Avenue. John Kelly sold for Ernest Wenigman.

Udar, the one-family, frame, high-class on lot by loo, at '-men Avenue, to James McAllister, woo 1 apy same. Wolff's Son sold for George A-iWi Teller Avenue, Bronx. j.4 tar-story brick two-family houses. I bv It w. to Mrs.

Vlnnle Peters. ti i a I -1 I. wn ue iour-ptory imi wun store -t Gouverneur Place, corner of Park Ave-to Joseph Zcller, who gave in ex- ucge a four-ntory bouse witn store, suu. u4 at 913 Melrose Avenue, iamea J. ttchingham ha 6 sold for CUrles Splllnrr to Christian Frank.

l.28 vjurauct Avenue, a xour-siory aparununi stWir.g, on plot A'i by 115, opposite tne ered Heart Convent This Is the first of a row of three similar bouses built ctotly by the seller. BrookJynu E. Bharum sold to the Armor Realty Company 105 Jefferson Avenue. Brooklyn, three-story and basement brownstone-i'wat dwelUng on a plot 16.8 by 100. Four its la Jamaica were given as part pay- Sabarbaa.

QS E. Tarbell has sold at Garden City States tbe residence of Hon. George J. jemith, occupying a full block front on northerly side of Stewart Avenue, ltween Boulevard and Bromp-I'oo Road, extendlna; back to a depth 19 feet The house is a large half-1 timbered structure designed by Aymar jiibury. 2.

The buyer. W. C. Shelton York Citv. haa purchased the me with a v.ew to making It his all-'r-round ridence.

Tarbell has also Just sold at Gar-' City rotates the home and plot on westerly side of WelUngton Road, be-in South and Salisbury Avenues, to John M. Held sold for Matilda KatJe of ''anoattan the southwest corner of n1 Oak Avenues, Flushing, on "2 by lou. Mra Natje has held this ls7. "nn of fiftv-slx acres at Ronlyn. JPynieiit a desirable piece of Im-' Brnoklvn tirnrwrlv.

I.ne Great Neck Improvement Company to Charles F. Miller a plot Manhawiet Avenue, overlooking Manhaaset and Little Neck Bay. TYPE OF NEW BROOKLYN HOMES Hundred of Which Are Being Built In Mapkton Section by the Realty Trust and Metropolitan Life Insurance Company. kf1 wr mM v- ifr iiv Hi I III I I GREENWICH ySELLAGZ. With the appropriation last week of f.000,000 by the Board of Estimate for the extension southward of Seventh Ave- nua from Eleventh Street to Varick and the widening of the latter thoroughfare to West Broadway and Franklin 8treet this long-awaited Improvement en the west side la now virtually assured.

The subject haa been before the city authorities for several years, and various taxpayers' and dvlb associations have urged the adoption of the plan as necessary to meet the needs of the rapidly growing commercial Interests of the old Green wich Village district The feasibility of the plan has also become more evident since the opening of the Pennsylvania vldual property "owners," the need of providing a new west side thoroughfare glv lng quick connection between the mid-town business section and the Industrial centre west of Broadway and north of Franklin and Canal Streets has been universally recognised. This Seventh Avenue extension also will undoubtedly exert a marked effect in hastening final action toward a Seventh Avenue subway southward from Times bqt are. Such an Improvement Is earnestly desired by the Pennsylvania officials, as better transit Is required In the Immediate vicinity of the station. It Is this lack of quick transit facilities that has retarded, in the opinion of large owners and business men, In the Pennsylvania loft section, the prompt development of the blocks sur rour-oing the station with high-class buildings. The side streets In the vicinity of the station have been well improved with loft structures, but beside the altering of some old buildings around the station nothing of great Importance In new structures has yet been completed.

There Is practically no property for sale in the localitv of the station except at high figures. There baa been very little speculative buying during the past year, most of the deals of that nature having been concluded just before or immediately after the opening of the station. The land owners, however, are holding on for the good times coming, as there Is unbounded confidence, and it seems to be well placed. In the future of the district but from present indications It may be at least two years before the much heralded building Doom arrives in earnest In the Pennsylvania section. If one might venture a prophecy, this new thoroughfare which will make a grand continuous 100-foot road from upper Seventh Avenue to Franklin Street and West Broadway will undoubtedly.

at first contribute to greatly enhanced actlv. tty in the Greenwich tone. Within the past -five or six years a great revolution has taken place in that once quiet and almnst forgotten portion of the city. The new policy of Trinity Corporation In tearing down Its useless tenement houses and replacing them with substantial lofts and factories, fireproof, and equipped with all modern conveniences, has brought scores of new firms with large financial interests to the district Several Individual speculators and building operators have also been active In Country Rental, The Lewis H. May Company leased for Julius C.

Morgenthan his cottage on Woodmere Boulevard. Woodmere. L. 1.. to Howard Ehrlch and for Francea McElroy her cottage on Washington Avenue, Lawrence, to John Clingen for a term of years.

Herman Frankfert has rented the following cottages In Far Rockaway: For Mrs. E. Forest to Mr. Martin Levy her cottage, situated cn the corner of Carlton Avenue and Sheridan Boulevard, (or a term of years. For Mlrs H.

W. Faber to Mr. Jacob RosnstaUt her cottage on State Street tor a term of years. 1 JC7EtnH I sVw-i II similar llnea James H. Crulkshank has I any of these transforming movements.

been, outside of Trinity, the most notable I Hudson Street Just to the west bas un- figure in Greenwich, and of twenty or I dergone the greatest change. It is a more high-class lofts which he has erected! wide street and the surface car line con during the last five years, all but one i tributes somewhat to its accessibility, or two have been sold to Investors and With the widening of Varick Street rented'on long terms. I realty and building movement may be Street has not yet figured hi Hooked for on that thoroughfare In the BUILDING LOAN ASSOCIATIONS! Have a Membership of Over 2,100,000 In the United 8tatee. Ownership of a home Is the aim of millions of men and women with modest Incomes. It is often a problem how to make a beginning, to get on the light track, when persons have only small amounts of money.

do not always look on that side which proves that chances of losing money on a home purchase are Infinitesimal; "that even while they are hesitating they have paid out substantial amounts for rent that have gone Into other men's pockets. It will be found that the co-operative savings and loan association plan for home owning has great merit and It also stands out in the limelight as an excellent way to save money. There are 'now 2,100,000 men and women members of these Institutions in the United States, and the assets are ii.wu.uw.wu. This fact will be surprising to many who have heard of these Organisations only In a general wsv, but It can be sub ptantlated. That these Institutions are filling the bill for the man of small means is clearlv demonstrable by official statistics.

Mortgages In this State held by savings and loan associations, for example, amount to less than 12,000 for each person In dealing with these organisations It Is well to know at the outset that they lend money on first mortgages, and do not buy or bulla houses. They are the only financial Institutions which come under the Barking law of this State that are privileged to lend 80 per cent of a valuation. Therefore, if a man or woman haa 20 per cent of the purchase price a start car be main In home-ownm The borrower has many privileges that are out of the ordinary, in the first instance he gets all the advantages hut ro with cash In hand. He never 'pays renewal charges, whether hia-inort- gage runs lor one or iittnuy Among the special privileges gtven by law to members of these associations are that their savings are exempted from execution to the amount of six hundred dollars; and no member Is liable for his association's debts. The United States Congress recognises the value of co-operative savings and loan associations for home owning and saving by exempting them from all forms of special taxation.

Including the corporation tax. State Legislatures foster their irrowth. as It Is evident to lawmakers that their principles stand for hiffh-plane citizenship. There Is considerable sentiment running through their boards of management due to the love of home feeling that prevails. It Is well known that harsh measures are never resorted to If a borrower falls behind In his monthly "payments through causes which he cannot control.

An association seldom forecloses a mortgage on a home and gives the borrower every, opportunity to keep on his Bush Terminal Leases. Announcement was made yesterday by the Bush Terminal Company of two new leases In Us Industrial colony In South A new lithographic plant Is to be established by Julius Weetphal on the fifth floor, of- Bush Model Loft Building' No- '3. the lesse calling for sous re feet of floor spate. "The other I lease was made with Charles B. Chryslal, manufacturer of chemicals, for 11.iJv square feet on the third floor of Bulling No.

7. This firm leaves (to prteent quarters in Cliff Street Manhattan, in order to be able to tk advantage of the shipping facilities offered the tenants of the Bush Terminal lofta. 7V7T ppt TALLEST LOFT BUILDING Rapidly Nearlng Completion Many Floora Leased from Plans. All exterior work has been completed on the new steel structure at 11. 143, and 145 West Thirty-sixth Street said to oe the tallest loft building in the world.

It Is being built for- Edward W. Browning from plans by Buchanan Fox. Many of the floors have been leased from the plans, and it Is expected that before the building is opened for public Inspection next month all will have been disposed of lor long terms. hitjl. MU4 lt.l A i OLD near future.

The west side of the street I is ripe for Improvement as the proposed work will r.ot affect that portion. The (eastern side of tbe thoroughfare will be cut off by forty feet making the street 100 feet wide from Carmine to Franklin i Street Instead of sixty feet as at present Actual work will hardly begin before QUEENS TAX BILLS Ready by October 8econd How to Pay Them. A large force of clerks are working day and night to complete the tax bills for the Borough of Queens by Monday, Oct 2. In speaking of the" work William A. Beadle, Receiver of Taxes, says: We are having considerable trouble with taxpayers who have sent In requisitions for bills within the past two or three weeks, and who, not receiving them.

are sending other letters demanding to know why their bills have not been received. "The reason for this is that as we re-celve-the requisitions by mall they were filed, and we are holding them until the bills are ready. We do not have an ap- oroDrtatlon for postage stamps to send replies acknowledging the receipt of the company has purchased aiarge plot run-ronnimtlnll. But I desire to say to every I nlnr thrniich from Heventeenth tn Kirht- penwn who has sent In a requisition that within a week they wlU receive their I pleased to see the Increasing number of persohs evho are transacting their business with this department by mail. That Is the proper way to do It to save the property owners time and annoyance.

In paying taxes all that is necessary is to send a check or a Poat Office money order. The check need not be certified unless the sender desires an Immediate return of hie receipt All uncertified checks are held until we hear from the bank on them, and this take.s about five If the check la all right the receipt Is' promptly mailed. Only one thing must be remembered by taxpuvers who -write to this office: that in every case where a reply Is expected a mumped envelope must be sent for the reply, utnerwme it win not De aent. Monday, Oct. 2.

this year, and the prop- erlv owners will nave tne enure montn of 'October to pay without having a pen-arty attached. ALTMAN STORE COMPLETE. Addition of 34th Street Corner Gives Uniform Fifth Avenue Frontage. A noteworthy addition to the Fifth Avenue shopping centre ia the completion of the Thirty-fourth Street corner section to the big Alt man store. This corner was under lease by the Knoedler art firm un-til last May.

and as soon as the building was vacant it was Immediately torn down to complete the Fifth Avenue frontage of the bl departmetrt store. The work has been rushed rapidly -to completion and the addition was opened last week. There 1 now a uniform architectural front for the entire block on the east sidle of the avenue between Thirty-fourth an! Thirty-filth Mr.ftp, and, in addition. Mr. AlU nun controls ail of the property on the entire block through to Madiaon Avenue.

The passing away of the old brownstoae house converted for many years Into a store on the Thirty-fourth 8tret corner and the building of the Alt man store over the plot has added materially to the appearance uf that busy shopping centre of the city. Better opportunity is also afforded for large show wltiduw space, while additional light is. obtained for the mujn floor of the large building. To Sell Long Island City Property, Joseph P. Day will sell at Supreme Court partition sale.

In the forenoon of Tuesday. Sept 2V in the Real Estate Salesroom. at Jamaica, L. he prem-t, WLbur -Avenue, near Prospect Street, Long Island City. it yJ i 1.

jtzajze: it. el. CQRZVER JLO CUT the Fall of 1912. The appropriation of 3.0oo.UX) by the city is the first real step toward its accomplishment The city engineers are now preparing the detailed map, but it will be practically tbe same as the plan prepared over two years ago by Nelson P. chief engineer of the Board of Estimate.

All of the necessary public hearings have been held, so there will be no more delay in that respect Commissioners are now to be appointed to condemn the necessary property. The area of assessment has been determined upon. The entire work will cost it Is figured, about $3,000,000, and the additional 2.0A.-uou will come from the assessments on neighboring property owners, the area extending from Fifty-ninth Street to the Battery. After the Commissioners are appointed and the detailed maps prepared, contracts will be advertised. According to Chief Engineer Goodrich of the Bureau of Encumbrances of the Department of Highways, it will not be possible to let contracts for portions of the work before July 1 at the -earliest, and it may be later.

Borough President McAneny, however. Intends to have the work started at the earliest possible" moment For the greater psrt of Varick Street, the Improvement will affect only a lot of ancient two and three story brick and frame houses, which have long been landmarks of the locality. The only modern loft of importance that will be seriously Injured will be the Gray Building, Just below Lalght Street The most interesting landmark that will be damaged will be the old St John's Chapel with Its hospital and parish, house, occupying the greater part of the block between Beach and Lalght Streets opposite the New Haven freight depot The extractive colonnade front and part of the famous tower will have to go. When the work of destruction does commence It will spell the death knell of the old church, for it has long outlived Its usefulness as a church centre, and when the combined Seventh Avenue and Varick Street becomes a reality the ancient St John's Chanel site will doubtless give way to a huge commercial structure devoted to the Interests of many trades. Other Interesting landmarks that wtll suffer by the change will be a portion of the quaint Grove Street Park, the old Bedford Street Methodist Church on the southeast corner of Morton and Bedford Streets, which will be entirely obliterated, and the big yellow painted brick building which has stood for nearly half a century at the foot of Seventh Avenue, fronting 144 feet on Greenwich Avenue and 112 feet on Eleventh Street The heart of this great building, now used as Monahan's main express office, will be torn out leaving but a email triangle on Eleventh Street, and a slice on Greenwich Avenue.

The building was erected for the Tracy A Russell brewery, and Its was forty-two years old In 1904. when the brewery ceased to exist The Monahan Express Company has a lease of four veara more the nrooertv. but In anticipation of the coning removal the eenth Street, 100 by 200 feet. Just west 0f 8event.h Avenue, where a large build ing for express uses is to ne snoruy for erected. In all, about ten blocks will be cut through south front the present end of Seventh Avenue to the hesd of Varick Street at Carmine Street The new venue will run Just to the east of Hudson Park, and It will probably be necessary to cut away a portion of the nubile -bath building on Clarkson Street, adjoining the park.

Joseph P. Day'e Auction List. Joseph P. Day will offer on Thursday, Oct. 6.

'to the Vesey Street Salesroom, a list of properties distributed In and about the five boroughs of New York City. The tement oCZ by Sixtv-ninth Street a four-story brick private dwelling on lot Vi by KO; 125 to 135 New Jersey Railroad Avenuo, Newark. N. Si Rh-hmond Terrecu, a i 3a b- ansjajajensgjyj- CM. 1 1 rare Garden Moving PtcVure and Vaude- Highlands.

CUffwoo la twenty rniiee vllle House, on a plot 75 by and twen- I wm New Tors, and is reached by the fv-four building lota at Astoria, L. lo- New York A Long Branch Railroad, cated on Broadway. Crescent and Acad- Pennsylvania Railroad. Centra I Railroad emy Streets. of New Jersey, and by boat to Keyport.

UNIQUE SHORE FRONT DWELLING Recently Completed at Shorehara, LV Ashley of Washington, To Extend from Fifth to Lexington Avenue, Giving Acceae to All 8ue-waya Will Relievo Congeetlon. Oae of the great problems that the engineers of tbe city have been working to solve for over a year is the best method of affording relief to tnasy of the eoo gested sections and thoroughfares ot the city. In working out this problem various systems have been adopted, according to the needs ot different localities. The most common and the quickest method of affording more room tor congested places Is the widening of the streets. In this respect more has been accomplished during the past year In restoring to pub-It a use thousands of square feet hitherto usurped In the sidewalks by tradesmen and other Interests than ever before.

The Improvement that has been made within the last few months In Twenty third. Thirty-fourth, and Forty-second 6treets. as 'well as in Fifth Avenue, has given in every case not only several additional feet to the roadway for vehicles, but by eliminating all projections, has alaa left Just as much sidewalk room as was the case before six to seven feet was clipped from both sides of tbe curb. The Increasing amount of traffic that Is continually pouting through Forty-second Street, and the certainty that it will be greatly ennancea wun tbe completion or the new Grand Central Station and the opening of the McAdoo subway station at Fifty Avenue and Forty-second Street, have directed particular attention to that portion of the street in the Immediate vicinity of the Grand Central Station. Beginning at Fifth Avenue, and extending to Fourth Avenue, there will be not only the present subway, but the McAdoo tube In a short time, while the unused Stelnwajr tunnel also comes up to Fourta Avenue.

When all of these underground lines ot transit are In operation there Is sure to be demand for convonlent access to them. The Grand Central engineers and the Public Service Commission have been working for some time on a plan to provide a pedestrian underground roadway extending from Lexington to Madison Avenue, and It presents so many practical points that there seenls no doubt of Its ultimate adoption. The plan has met with such general favor by the Borough President and the city engineers that It Is now proposed to extend this underground passenger walk to Fifth Avenue, the city paying the additional expense of cutting the platform through from Madison to Fifth Avenue. Chief Engineer Goodrich of the -Department of Highways has discussed the proposal with Chairman Wlllcox of the Public Service Commission and' something definite will probably be acted upon In a short time, so that tiie underground road way may be fd 'complete working order within' the next two years, -by which time the new Grand Central Station wUi be ready for use. The plan, as explained by Mr.

Goodrich yesterday. Is to have this pedestrian roadway on a level with the raesaanlne floor -of the present Subway. Elevators at different -lnts will give sccess to the street and to the lower' levels for the other subway lines. Beginning at Fifth Avenue, tne congestion in tne block to Madison Avenue would be greatly lessened by this subterranean street The expense to the city In building this single block ot underground walk would be, it is estimated, about $.0,000, while the cost of the entire operation. Including the underground facilities being provided for the new Grand Central Station, will be considerably over $1,000,000.

BEALESTATE SHOW. Special Attention to be'Pald to Question of Home Building. Rapid progress Is being made by the at-flclals of the Real Estate and Jdeal Httnes Show In arranging the preliminary details for this Fall's exhibition. The general scheme tor the decorations has been decided upon, and the Royal Venetian Band, which was so popular with visitors at the Spring show, has been engaged to render an elaborate musical programme. The object of the exhibition la to pre-vide a common ground where the prospective purchaser and the Intending buyer can meet Where he who seeks a home may have spread before him for comparison and examination the eltes which are available, and where thy who have' sites for sale may show the advantages and value of their properties and present the Inducements which will appeal to the Investor, 8pecial -attention this season has been given by the show management to the question of home building, and visitors will have an opportunity to make comparisons of all the newest types of building construction, materials, heating ap- paratus.

Ac. The entire rear of the Oar-den will be given over to bungalows, and -here-arrangements have been made for the construction of two well-known types, together with an up-to-date garage. The promoters are confident that when the doors of the Garden are opened to visitors on Oct 7, they will have ready tor inspection one ox the most complete exhibitions from a real estate and building standpoint ever offered te the New Yort publlo. Water Front Property at Auction. Over two miles of water front on New York Bar-la Included tn the offering ot a tract of about 22S acres located at Cliff-wood.

N. to be sold by Bryan It. Ken- nelly at auction on Wednesday, Oct 25. at the Exchange Salesroom, 12 and 14 Vesey Street This property ia to be sold for the estate of Henry L. Clark, and la ona mile irum neypori.

near ine Aiwnua 1 Sold Last Week to Mrs. Jennie S. for Abont $31,000. I li I a. j.

I I 1.