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New York Herald from New York, New York • 74

Publication:
New York Heraldi
Location:
New York, New York
Issue Date:
Page:
74
Extracted Article Text (OCR)

LATEST NEWS FROM THE REALTY MARKET HA Victoria, rix elevator apartment house, on plot 7ix99.ll, at E51 West 157th street, near Broadway, bri-n purchased by the newly organized 551 West 157th Street Company from the 9. W. O. Realty Company. The new company lias for ita Isaac.

and Haltle Rosenberg. and Is represented hy Max Salomon, attorney. The property was valued at 1155,000. The 113 and 115 East Street Corporation. T.

F. Scanlon, W. W. Hueblu and A. A.

has been formed to take over the two flveMory tenements. at that L. J. Co. sold for Arthur M.

Klslff to the Brensam Realty Corporation. Samuel Brener president, the tlve story flat, 24.10x100. at 529 West 152d fetreet. I Benedict B. Nurdlck sold Mr the Marne Realty Kast Fourteenth street, a flve-story tenement, 21x103.

to an investor. .7 M. Kelley Company sold for Willlam and Meyer Monsky 145 Wadaworth avenue, a. five story apartment house, 37 containing 15 families and renting for The property was held at $60,000. Julia H.

Jackson of Pennsylvania is the buyer. Charles Berlin, represented by Joseph Keenan. has resold to a clinet for Investment the live story apartment house at 504 West 172d street, purchased yesterday by Samuel J. D. H.

Scully A Co. sold for Mary A. Lalor and others the two live story brown stone apartments at 52 and 54 West 119th street, built by the late Patrick lAlor about thirty years ago. John Finck has sold 1697 First avenue southwest corner Eighty-eighth a five atory fourteen room tenement, 25x100, for the Mary h. Larkln etsate; 128 East Houston street, a alx (itory tenement.

25x100. yearly rental S6.200, for Max Mandel; 531 West Fifty-second street, a Ave story fourteen room tenement. 25x100, for H. M. nan: 324 East Ninety-fourth street, a five story double flat, 2for Charles E.

Schramm, and 220 Eldrldge five story tenement. 25x100, for the Eldridge Street Corporation. Operators In Water Street Deal. Norman S. Riesenfeld and Joseph O'Donnell.

operators heve purchased 281 Water street and Dover street, northeast corner, a Myen Ntory structure, rented to the American Kitchen Products until Negotiations are pending Tor resale for future oc.upancy. A. Koos the seller, purchased tho property through the Noyes Company about fifteen years ago. Louis Renter sold to an Investor for the McCann estate. 142 West a four-story business building held at $38,000.

Take Over Old Bowery tamer. The newly formed Bower, Corner Kenr-iare. company, with T. Condogianr. J.

Confax and P. Flnkelstein as directors, purchased the four srtory build ng with stores. 19.5x?y.8x irregular, at the nouthtwest corner of Bowery and Kenn are street. The new company is represented by C. Flnkelstein, attorney.

lOO-Year-Old Parcel la Deal. Albert E. Kelly lias sold for Uie estate of Sarah B. Reynolds the four story building. 25x100.

at 24 Avenue to Mathlld? Lotz. This is the flrs- this property has changed hands in about one hundred years. Kntate Sells Harlem Plat. Tiie Real Estate Management Company sold for the Mary O. Plnkey estate seven lots on the north side of 141st street.

250 east of Lenox avenue, to Henry Lowenstein. Award Synagogue Contract. Announcement was made yeaterday by the Free Synagogue that In a competition in connection with the building of the Free Synagogue House on West Sixty-eighth street, near Central Park the award ban been made to s. B. Elsendrath and Bloch Hesse, associates.

Add to for Heights Flat. J. Phillips Co. sold for Lillian upfer the lot 25.5x99.11, on the south ride of 153d street. 375 feet west of Jiroadway, to the Realty Company, has also acquired the lot, located 525 feet west of Broadv ay The baying company owns the lnr terrenlng 125 feet, which It Is excavet ing and will utilize the entire plot, 175x S9.11, for an apartment operation.

Hosiery Co. to Build an Flrat Clark T. Chambers sold for the Stuyvesant Real Estate Company to the Ootham Silk Hosiery Company a plot containing about 15,000 square feet at the northeast corner of Thirty-third ntreet and First avenue. The Ootham Company Intends to build at once a modem factory for Its own use. Carbon Co.

Leases Binney Smith, manufacturers of carbon products, have leased a large unit of space on the nineteenth floor of the Llgget building, northeast corner of Madison avenue and Forty-second utreet. at an aggregate rental of The were represented by (Douglas L. Elliman Inc. rhej are at present located at SI Fulton street. Albert B.

Ashforth, agents represented the lessors. In the Dwelling Market. Williams-Dexter Co. have purchased from the Farmers Loan and Trust executors, 23-25 West Eleventh street. liese are each threestory dwellings on lota respectively 20x 103.3 and 20 4x103.3.

John J. and Theodore A. Kavanagh sold for Marlam Benjamin, a fourstorr dwelling 18 at 1019 Madison avenue between Seventy-eighth end Seventy-ninth streets. The 114 West Eighty-first Street Corporation, having for directors A. A.

Wlcksel, A. Antkes and Ankus. has been formed to take over the fourtsory dwelling. 23x100. at that address, purchased last December by Victor I Ferl.

Harris, Co. sold for Peasants Pennington a three story dwelling. 12.4x100.5. at 145 Kast Sixty-third street, between Lexington and Third avenues. Bronx Transactions.

The Van Camp estate sold to M. S. Simpson the plot, 33x200, at the northwest corner of Klngsbridge road and street. J. P.

l'inneran and Charles O. Edwards were the brokers. The Brook and Third Avenue Corporation sold to Samuel Bnumann the property, 59x117.3x lrreeular. at tlie southeats corner of Third and Brook avennes. Tho six "tory apartment, with thret 45x10-1.

at 737 East 158th street, northwest corner Forest, avenue, hsi been sold by Weil Mayer to Hernhsr.1 Uoldstein. It was held at Lawrence Da vies purchased from th? Rothblatt Holding Company the block Isout on the south side of Tremont between the Grand nnd Morris avenue, a new one story building, with a frontage ot 1st feet on Tremont avenue, conslstin? of fourteen stores. The building at $18,000 and was held at Albert D. Phelps and Harry J. Rogers were the Overs tors Boy Flashing l.ote.

Me'ster Builders. Tnr. have purchased liftv-four building lots located on WhiteV stone Boulevard, Myrtle avenue, Mitchell avenue anH Broadway-Flushing Li. I. Nathan Stern was the broker.

The Torna Development Company of Brooklyn has purchased from the estate of John Schinnagtl. the vacant plot at the northwest corner of Wilson and Madison avenues. Flushing, tag the Long Island Railroad station, I on which it will erect stores and apart: ments. Quinlan, Terry Johnson were the brokers. The Lewis H.

May resold for the Bethlehem Engineering the story house and garage, covering 15 lota on the east side of Oak street running through to New street at Far Roeka; way, L. to Bessie Joslovitx. This was part of the Catherine E. McKenna estate, recently taken in exchange for 138 West Seventy-fifth street. Negotl' atlons are pending for Its resale In three separate parcels.

The property was held at $40,000. The Thomas A. McWhlnney Realty Company, of Lawrence, L. has sold the property on the corner of Sixtyeighth street and Mermaid avenue. Edgemere.

known aa the Edgemere Garage for R. H. Willis to R. 3. Smith of Far Rockaway.

BROOKLYN WILL HAVE ANOTHER SKYSCRAPER A twenty story office building, con; taining theater and stores. Is to be erected on the corner site at 1 to 7 De Kalb avenue, at Pulton street, according to the Ward Building Reports. I structure, which is estimated to tost 1 $1,500,000, is now being designed by Thomas W. architect, for the Goldflee-t Corporation. The building will be of steel, limestone and brick, and will occui.

i site 80x225. Frank A. Seaver A Co. sold 234 Elghty-t ishth street, a two family house, fcr Nicholas Thompson. David N.

Smith sold the two family dwelling 538 Greene avenue to Mary Eltis of Brooklyn. Mark Sackler, attorney, represented the purchaser. Charles E. Rickerson sold SIS Third street, between Eighth avenue and Prospect Park West, a four story duplex dwelling, for William F. Atkinson.

New York's At a meeting of the New York Chapter of the American Institute of Architects held last Wednesday the apartment house at 1049 Park avenue was adjudged the best designed multi family house erected in the Greater City within the past year. Accordingly the first prize was awarded to the owner of the house, Mrs. Catherine Abbot. The structure was designed by J. L.

Mills and Bottomly. associate architects. Honorable mention was accorded to Kenneth Schley, owner of the house at 845 Fifth avenue, designed by J. E. R.

Carpenter. The committee of awards was made up of Harry Allan Jacobs, chairman; Louis S. Weeks. O. R.

Rice, L. N. Gillette. W. S.

Bessel and William A. Robertson of the Tenement House Department. I DEVELOPERS BUY AT LAURENCE HARBOR Will Put Cp 75 Cottages and Divide Fine Jersey Coast Estate Into Plots. Thf former estate of the late William 1 E. Travera at Laurence Harbor, near Keansburg, N.

which recently was taken over by the Laurence Harbor Country Club, has been purchasd by I the Harbor Heights Company I for development. Plans have been pre' pared for the erection of seventy-five cottages and construction work will be- i gin soon. Morrisey Walker of Keans- 1 burg are the selling agents. tract i was taken over at a reported cost of 1300.000. The development has electric light and telephone service and is reached I by the Pennsylvania and New Jersey Central railroads and the Jersey Cen- I tral Traction Company.

The trip to New York requires about one hour, to Newark about forty minutes and to Elizabeth about half an hour. The main seashore highway ixasses through the tract, making It accessible for tu! Many notable golf have been held on the Travers property in recent years. Harry Vardon, on his first visit to this country, played and acclaimed it one of the best courses he had ever seen. The lots for the most part will be di1 vided into plots of 115x100 feet and will be placed on sale about April 1 at prices ranging from $75 to $500 for shore I front lots, and bungalows will be sold on easy terms. The officers of the l-aurence Harbor Company are: President, George Hanse Conover of Keyport, who is president of the Conover Lumber Company; vicepresident, George H.

Patterson of Red Bank, a director of the Second National Bank of Red Bank, and secretary and treasurer, Samuel D. Walker of Keansburg, president of the Granville Park Company. TOe board of directors Includes, in addition to tne John S. Applegate, of Red Bank and Charles W. Morrisey of Keansburg.

The sale to the Laurence Harbor Heights Company was made for Laurence Lamb of Memphis. to Morrisey Walker of Keansburg, N. representing both parties. The sale is said to represent the largest in the amount of land and monry Involved that has ever been made on the Jersey coast for lot developments. TO SELL TAX EXEMPT HOMES Four ohe family tax exempt dwellings end seventy-two building lots in will be offered at auction on Thursday evening by the Jere Johnson, Company, auctioneers.

The houses are o'i Clarkson avenue, Lenox road. East Forty-fifth and East Forty-sixth streets and Schenectady avenue. The lots are in the same locality. The houses consist of six rooms and bath each. The st'reets have sidewalks, curbs and water mains.

The section is reached by the Interborough subway extension, down Nostrand avenue to Church avenue and thence by surface cars. The properties will be sold on easy terms. The sale will 'be held in the Brooklyn Exchange, 189 Montague street. AMONG THE APARTMENT HOUSE BUILDERS erected by Nehring at 30 Fairview Terrace near junction of 193d street and St. Nicholas avenue.

They front 99 feet on the terrace and contain twenty-one REALTORS WILL MEET THIS WEEK IN BUFFALO The Executive Committee of the New York State Association of Real Estate Boards will meet In Buffalo on Thursday and Friday, March 30, and 31. This gathering of realtors of New York State in held In conjunction with the "Better Homes and Building Exposition" being conducted by the Buffalo Real Estate Board during next week. Special delegations to Buffalo will go from Niagara KaJls, Dunkirk. Lockport, Tonawamla, Jamestown. Olean, Elmira, Binghamton, Geneva.

Auburn, Syracuse and Rochester. Other real estate boards throughout the State will send representatives, as well as the boards in this city. President H. Garfield of Rochester will preside. Legislation affecting real estate passed at the recent session of the Legislature will be reviewed, and plans fpr the 1922 convention of real estate interests will be considered and perfected.

The Buffalo Real Estate Board, which has recently acquired commodious headquarters, will act as hosts to the visiting realtors. Keystone of Uptown Business Section Will Always Be 57th St. Realtor Declares That Trade Will Spread Both East and West on Values Have Increased From $2,500 to $10,000 Per Front Foot in Seventeen Years By J. CLYDESDALE COHMAV. Three-quarters of a century ago Julea 1 Verne anticipated the Invention of the submarine In hla "Twenty Thousand I Leagues Under the Sea." Fifteen ago.

while the airplane was still In its infancy, H. G. Wells wrote of a battle In the clouds. It needs no such power of vision as these writers possessed, however, to foresee the part that Fiftyseventh street will play in the logical business development of New York. A pretty definite conclusion may be arrived at after a brief atudy of the history of New York and the rapid shifting of commercial sections which accompanied the upbuilding of the great city.

It Is the fact that history repeats Itself that affords audi a substantial basis for optimism regarding the future of Fiftyseventh street. Looking away back among the records of the great business institutions that form the backbone of New York to-day we find In 1827 Arnold Hearn, the present James A. Hearn store, was located at Canal street. Lord Taylor in 1833 were situated at 47-49 Catharine street and In 1850 the retail center of New York was between Worth and Canal streets, with such firms established In this section as Arnold-Constable, Seaman Mulr, James A. Hearn.

Lord Taylor still remained In Catharine street soon after moving to and Christie streets. In 1X53 the W. A J. Sloane carpet warehouse was at Broadway and I'ark place. The trend of the retail business movement has always been upward, and New York has grown in alze and population.

haa become more rapid. In 18S8 the shopping section moved to Fourteenth street, with It. H. Mary Co. at 204 avenue and Tiffany dominating nion Square.

By 1875 one finds tlwit practically all of the big etores wsare located between Tenth and Twentythird streets, Broadway to Sixth avenue. The trend then centered around Twenty, third street. R. H. Macy Co.

were the flrst to make break and move to Thirty-fourth atreet. The sound foresight of this move was readily demonstrated In their being followed by McCreery. and when B. AI Una Co. moved from Sixth avenue nnd Eighteenth street, buying the larger part of the block they now occupy, the Thirty-fourth atreet boom wax started.

The progress of the great retail stores waa eloaely followed by smaller shops, banks, trust and business buildings in this section. Shortly nfter this the Knickerbocker Trust Company Building replaced the old A. T. Stewart establishment on Thirty-fourth atreet. About twenty years ago the Monolith Building waa erect there by the Inte Samuel Oreen.

This was the drat large reinforced concrete building In New i York, and It la Interesting to note the contrast between the Monolith Building and the great steel structures, such as the Wootworth, Rqultable Life. Heckscher and other buildings of to-day. i1 4t was about seventeen years ago i when W. R. Martin, principal owner of Peet built the Marbrldge Building on the site of the old Broadway Tabernacle, and the North River Savings Bank Building waa erected.

The latter was recently purchased by Frederick Brown. The. Cheaeboro-PotterFreedman Syndicate bought property at 1 West Thirty-fourth atreet about i erecting a building Incidentally, the flrst thousand dollar per front foot I ground floor rental was obtained in New York. The more recent upward move of commercial New York is known to all of us. Stern Bros, wan the first large store to move to Forty-second street from their old Twenty-third street location, raising by Thirty-fourth street.

Forty-second street being the flrst wide cross street from river to river above Thirty-fourth street, it became naturally the next stronghold of business. Banks rapidly opened branch offices and some of the greatest office buildings in New York were erected there. So to-day Forty-second street stands second only to the Wall Street section In its merclal importance. As the only Wide cross street above Forty-second, Fifty-seventh street was logically the next big Important street for business development. About seventeen years ago.

Michael Dreicer and August Heckscher recognized this fact, and foreseeing the future of Fiftyseventh street were the first to speculate In property there for commercial purposes. Michael Dreicer bought 4 snd West Fifty-seventh street, the J. H. Kennedy residence, and erected a twelve story building, which Bendel occupied. This move by such an Important merchant, was followed by a number of smaller shops.

August Heckscner purchased at this time, the properties at the southwesl corner of Fifty-seventh street and Fifth avenue, up to and adjoining the Michael Dreicer holdings. This included the former property of William C. Whitney and Charles Morse. On this prop: erty he erected a three story taxpayer. Thus was laid the foundation for the great Heskscher Building, which was recently completed on this site.

The foresight of Mr. Heckscher and Mr. Dreicer in pioneering on seventh street, wss soon proven. Bendel was shortly forced to greatly enlarge his premises. It is somewhat of an Indication of Fifty-seventh street's I future to note that property value has Increased from 12,500 a front foot, which Wan Its residential value, to $10,000 a front foot, which Is Its value for commercial purposes to-day, all within seventeen years.

Among other properties given over to business on Fifty-seventh street is the Rlker mansion, 1S-21 West Fifty-seventh street, adjoining the Cornelius Vanderbllt resldyce; West Fifty-seventh street, a fine old American basement house, formerly owned by J. S. Carroll, one time leader of Tammany Hall, row occupied by H. Kevorklsn, dealer in antiques and rugs; and the Sherwood Studios, southeast corner of Sixth avenue and Fifty-seventh street, purchased by William Randolph Hearst. Frederlrk Brown recently ntadn a long lease of the Soncy Apartments, 49 and 6G West Fifty-seventh street, and the Marlboro-Blenheim which abuttes it, undoubtedly wlBh an eye to Its eventual I development as a commercial site.

To-dsv Adolph Is one of the largest holders of property on Fiftyseventh street, and it Is such men Heckscher and Frederick of vision and sound Judgment- vrho appreciate the rapid recent growth of Fifty-seventh street and lis tremendous future. Arthur Brisbane, at a recent, luncheon of the Fifth Avenue Association, said that he believed Fiftyseventh street to be the greatest street In New York. With the Fifty-ninth street bridge forming an Inlet for thfc wealthy North Shore residents Tjong Tslsnd, Fiftyseventh street will always be the logical avenue to the shopping section from this direction, because it is wide and uncontested. Fifty-seventh street is convenient to the wealthy Fast Side residential section of New York. It is the logical outlet for traffic from the Proposed Fifty-seventh street bridge that will Join New York with New Jersey.

Some of the greatest engineers in the country Oiave adjudged Fifty-seventh street as the best terminus for this bridge and its erection is Inevitable. This will bring thousands of people from New Jersey to pass through Fifty-seventh street. The potential possibilities of Fiftyseventh street are far greater than those of Thirty-fourth or Forty-second street, for It Is the one Important street of its width In New York that Is not ciij. up with car tracks and that will always be the easiest and most attractive street in which to shop, from a traffic standpoint. It Is planned now to make street still wider, providing space for parking cars down the middle.

That trade Is making Fifty-seventh street more and more of a stronghold and creeping tip rapidly along Fifth avenue, is obvious. History shows the movement of important stores Is always a herald of rapid development In any business section. The new location of the J. M. Giddinf Building between Fifty-sixth and Fiftyseventh streets; Duvecn Brothers on Fifty-sixth street, and the new site for Saks Co.

between Forty-ninth and Fiftieth streets, are all indicative of the businss trend. It Is a sane conclusion that In Its up town business will spread both east and west on Fifty-seventh street. it cannot gj further north, since street Is the last broad side street below Central Park. Therefore Fifty-seventh street must remain the permanent In the new uptown retail section. It Is logical to suppose that hy spreading east and west for a few blocks above Fiftyseventh street on Madison avenuia anJ down between Fifty-seventh street and Forty-second street on Madison ami Park avenues, tbs high grade retail business of New York will find a broad and permanent stronghold.

Another possibility which has been considered is that the city may open a new svenue parallel to and midway between Fifth and Sixth avenues, extending from Forty-second to Fifty-ninth street. Congested traffic conditions on both Fifth and Sixth avenues will mak a. wise move, and far from detracting from Fifth avenue this new avenue would strengthen Its position In beln? an outlet for smaller shops. The opening of this would undoubtedly Increase the commercial value of Fiftyseventh street, A moving sidewalk tinunder Forty-second and Flfty-sevnth streets has also been discussed. Th? future realization of such a project seems Inevitable.

Some day. It has predicted, will see a basement sidewalk and perhaps even a basement level street from Thirty-fourth to Fifty-seventh street under Fifty avenue, giving the big; stores In this section both snd street level show windows, Undoubtedly the day will come wher Central Park will become a landing field for airplanes. When slrshlpi become more practical for every use this, too, will Increase the popularity of street ss a business section, due to its proximity to the park. The ITerfcseher Building. the miwl beautiful commercial building of its klnc Multifamily structure erected by Charles Berlin at the corner of University avenue and 179th street, in The Bronx.

It contains suites of three, four and five rooms. in America, Is undoubtedly the forerunner of many more important structures on Fifty-seventh street. In its strategic location on the southwest corner of Fifth avenue and Fifty-seventh street, however, it -will forever dominate the section. This is particularly true since it will be some years before the other three corners are likely to be turned into important commercial buildings. These sites are at present occupied by the Huntington residence on the southeast corner-and the Cornelius Vanderbilt residence on the block front from Fiftyseventh to Fifty-eighth street, and the New York Trust Company Building on the northeast corner, occupying the former site of the Mason Jones residence, the last occupant of which was Mrs.

Hermann Oelriehs. These corners do not offer the possibilities of the site of the present Heckscher Building, for its plot area of square feet exceeds all the other three. To begin with, the history of all important side streets shows vis that for business purposes the south side of the street is always of greater value. Furthermore, a building of greater architectural beauty could not be conceived. This building will go far in aiding the rapid development of Fifty-seventh street, since it is attracting and offering a business home for the highest type of wholesale and retail merchants.

MANY REALTY BILLS AWAIT SIGNATURES New York Boarrl Comments 011 Merits and Demerits of tlio Most Important. An unusually large number of bills affecting real estate ownership are awaiting the signatures of Gov. Miller and Mayor Hylan. The Real F.state Board has made a list of the bills wthlch are of special importance and in a statement issued yesterday it describes i them as follows: "The Knight bill authorizing the Ings banks of the State to Invest in Fed! eral land bonds, while amended at the suggestion of the board so that the funds derived from such sales to savings banks must be Invested in the district of which New York 'State forms the principal part, is still undesirable In that it Increases the amount of tax exempt securities. This measure is stilt in the Governor's hands, although hearing hnM held.

"There Is also before Gov. Miller the real estate brokers license bill, applying only to cities and to counties adjoining cities containing more than 1,000,000 Inhabitants. bill, 'toped, If enacted Into law will dlgn i profession, promote ethical und inspire confidence In real estate dealers and operators. "Another important measure Is the bill taxing bank shares. The failure of this bill would have meant a tax loss to the Htate of $10,000,000 annually and $6,000,000 annually to the city of New York, or an additional point increase In tlie tax rate.

"Another would permit life insurance companies to Invest one-tenth of their admitted assets in building apartments the rent of which should not exceed $9 per month per room. "An important measure which also requires the approval of the Mayor is the bill of Assemblyman Wells requiring advertisement of condemnation matters in ether newspapers than the CUy Reoord. "Another bill amends the act of last year requiring the Board of Estimate to build a tunnel to Htaten Island by placing Its operation under the Transit Commission and under the Port Authority. "Many extremely dangerous I to real estate were killed In committee or on the floor of, the Senate and AsI eembly.1' With Option to Pnrchnse. Containing an option of purchase within the next three years for $67,500 a twenty-one-year lease of the three story building, 20x100.5, at 166 West Fortyeighth street, has been made by the Freeman Purveying Company to toward Wart.

Tlie annual rental is from 1 to net. RUSH TO BUY LOTS ON TORRENS CERTIFICATE OLD CRAVESEND TRACK ISSUED IN BROOKLYN A last minute rush for building: and business lots in the new Kings Club district during the last two weeks has nearly closed out the entire business frontage. Every lot on Kings Highway and Gravesend avenue has been sold since the blueprints of the property have been turned over to the salesmen on March 1. Since the date of the sale of lots opened the William B. Harmon Company has done a business of about $400,000.

The Kings Club district is being eloped by the William E. Harmon Company from what was once the famous Gravesend race track. The track was acquired recently from the Brooklyn Jockey Club to be developed into an exclusive residential section, with provisions for country club facilities and recreation. The office of the company on the property, which is in the coursc of erection, will be turned over to the property owners when the development of the section is completed, to be used by them as a club house. It will be moved from its present position at the corner of Avenue and Ocean Parkway to the three acre club grounds centrally located on the westerly side of the property.

This plot will for the exclusive use of lot owners at Kings Club district, who will be entitled to membership In the club. The grounds are to be laid out in tennis courts, clock golf, Jffir Office for Flatbnnh Firm. The A. J. Realty of 743 Flatbush avenue Is opening up a new office at the northeast corner of Ocean avenue and Kings Highway.

Supreme Court Justice Faber, sitting at Special Term, Kings county, lias entered final Judgment registering the title of the John Bamberger premises on the east side of Ocean Parkway, 53 feet inches south of Caton place. James A. McQuade, Register of Kings county, has issued the certificate of title. The examination was conducted by James T. McQlll, the official examiner of titles for Kings county, under the land title registration law.

The titles' in the neighborhood of Caton place depend upon the old map of property (ft Richard Totten, filed in 1S54, and title searchers have had considerable difficulty determining the location of the lot lines and the old farm lines. Difficulty has also arisen because of the fact that old Bowne street, which has been closed, ran through some of these lots. The decision by Justice Faber clears up the uncertainty on these points. The proceedings were conducted by Walter Falrchlld. Operator Village Brown, Wheelock Company.

have sold to Leonard Weill, realty operator, the buildings at ITl West Houston street, 49 Macdougal street and 173 West Houston street, belonging to the Leggitt estate. This is the first sale of tho property in forty years. It is close to tho new Village 'Hieater, opposite which Mr. Weill recently purchased 146 and 148 West Houston street, through the same brokers. Two of the buildings just purchased are five story flats, one of them a three story dwelling.

Mr. Weill also purchased 263 West 139th street through Frederick Barry. Midtown Office Building THU naw sixteen story office nnd showroom building is being completed by the Msjrdsjr Realty Company, Robert H. Davis president, at 66-70 Weit Fortieth street, overlooking Bryant Park. The structure occupies a plat on the south side of tSe street.

Necarsulmer Jb Lehbach are the architects and the Streeton Company is the agent. New alto erected by Nehring Brothers at 96 Wadsworth Terrace. They have a frontage of 112 feet and contain forty-two apartments of three and four rooms each. GOVERNMENT SALES STIR HOME BUYERS Many Tenants of Shipping Board Houses Show Desire to Buy the Properties. The interest shown In the coming sales of houses for the United States Board by Joseph P.

Day is regarded by that auctioneer as a rellaMo barometer of conditions in the liouso buying market. The inquiries that are coming I in Indicate that there is i serious shortage of living space in all of the various districts where the sales to be held. In the latter part of April ninety-two one family dwellings, three boarding houses, four large dormitories and many vacant lots are to be sold in Groton, opposite the growing city of New Loudon. During the month of May, Mr. Day will sell in Bath, 109 dwellings, four dormitories, 232 dwellings at Lorrain, Ohio, and 79 dwellings at Wyandotte, Mich.

Because the housing situation in sections is still acutc, these sales will afford an opportunity to those who wlrh to acquire a permanent home. All the developments have been thoroughly Improved by the Government. Speaking of the coming sales, Mr. Day says: "Indications point to the absorption of these projects by the present tenants and the in the industrial that exist in these cities and communities. There will also In all probability bo keen bidding by outsiders, chiefly by those who will buy for speculation or investment.

To Sell Enstchester Tract. The holdings of the late Henry 17. Hoyt, lawyer, banker, capitalist, in the Eastchester fraction of The Bronx, to be sold at auction on April 0 In th? Vesey street by Joseph P. Day. The prope; comprise lots fronting on such Important thoroughfares as Eastchester rond.

Gun Hill road, Allerton, Arnow. Bartow, Ade: and Hammersley avenues. Mr. Hoyt foresaw the big development of thin section of The Bronx, but he died hefore the big building movement of past year set In. In July, 1920, Mr.

Day sold 1.492 Ion opposite the Hoyt holdings for the Eastchester Syndicate. At that time there were few houses in the section. more than 200 one and two famiv dwellings have been erected there, flm selling terms arranged by 'he Hoyt estate are liberal and the lots will sold at ubsolute auction to the high? bidder. APPROVES PLAN FOR FORDHAM'S PRINTERY Board of Appeals Overrules Superintendent Reville. The Board of Appeals has approved the plans rejected recently by the Bronx Building Department for printing plant to be erected on Fordham University grounds.

The plans were rejected because they showed a small section of the building In an area reserved for homes. The transgression Is so minor and as It was shown that the building will be an Improvement rather than a detriment to tha r.t'gbborhooil. the Board voted to permtt the structure to he creoted on the site selected by Robert Helley. architect. The structure will be fotir stories high of Gothic collegiate architecture.

Tt will be similar In general detail to the Fotdham Medical School nearby. The prlntery will be constructed of native stone and trimmed with limestone. It will stand In the center of the block on Fordham road from Emmet street to Bathgate avenue, and will he surrounded by lawns and flowers. There will be nothing In the exterior to Indicate that the bulldtng is the printing plant of a monthlv magazine of 380,000 circulation. The building will be erected lt? the form the letter with the long leg facing 181 feet on Fordham road.

It 'trill extend back feet on a parallel with Emmet street. The editorial rooms and the business staff of the mnRBr.Irf, ifrnaengrr Urart. the publication of the Apoaoeshlp of Prayer, will be lo ited In the Emmet street wing of the building. The presa and composing rooms will occupy the Fordham road section. Although SO feet wide and 150 feet long, neither the press room nor the composing room will have a supporting column.

In fact, there will be no column In any part of tho building to Interfere with the free use of the floor space. Mr. Relley has designed a floating floor for the press room, which will take up the vibration of the working machinery and lose It on the ground. In addition to this, the presses will rest on cushions of metal which will further aid In the elimination of the vibration. The building and machinery will cost $300,000.

Factory Drsl In Glen nidge, J. The Matchless Metal Tompanv purchased a plant on avenue, cast of Hillside avenue, Glen Ridge, N. through to the W. Railroad, buying concern Is the tenant, and tha seller was the Rare Metal til the broker,.

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About New York Herald Archive

Pages Available:
70,056
Years Available:
1869-1922