July S, 1919

Investing Company, Robert E. Dowling, presi¬
dent, through the Broad and Beaver Street
Company, 3S to 46 Beaver street and 8 South
WUliam street, adjoining . the Consolidated
Stock Exchange, six four-story buildings, front¬
ing about 100 feet in Beaver street and 25 feet
in South William street, with an irregular
depth. The buyer intends to have the George
A. Fuller Construction Company erect a 1^-
story office building from designs by Warren Sc
Wetmore, architects, to be ready for occupancy
in May, 1920. Douglas Grant Scott was the
broker.

Dwight & Hillis Buy Again.

Dwight & Hillis have increased the size of
the plot recently purchased by them on Will¬
iam and John streets by the purchase of 81
John street, a four-story building having a
frontage of 2T feet and a depth of 100.5, which
gives the buyer a plot of 10,000 square feet,
running from William to John street. The
property is adjacent to the site recently ac¬
quired by the Merchants Assurance Corpora¬
tion,

More Land for Federal Reserve,

The Federal Reserve Bank has added an¬
other important parcel to tbe site for its pro¬
posed improvement with the acquisition of title
to the four-story building occupied by Horace
S. Ely Sc Co. at 21 Liberty street, through to
60 Maiden lane, for a stated consideration of
$200,000. This property, 21.9x88.1:, irregular,
gives the bank control of the entire block
bounded by Maiden lane, Nassau. William and
Liberty streets, with the exception of the eight-
story Montauk Building fronting on William
^    street.

Paterno  Buys  Apartment  Site.

Anthony A. Paterno. preisident of the 22o West
Seventy-first Street Corporation, has purchased
■ through Earle Sc Calhoun, a plot. 66,8x102.2, on
tbe north side of 71st street, between Broadway
and West End avenue, comprising 221, 22S, 22o
and 227 West 71st street. Four S-story dwell¬
ings occupy the site, which is located between
Christ Church at the Broadway corner and the
Lucania apartments at 281 West Tlst street.
Mr. Paterno will erect a 9-sty elevator apart¬
ment house, with four apartments on a floor,
consisting of three, four and five rooms, with
one and two baths. It is expected that con¬
struction will be started in a short time. The
building is to be completed in time for spring
renting.

Importers   Buy  72   Trinity   Place.

Frazar & Co., exporters and importers, have
purchased the 6-sty Trinity Court Building
at 72 to 70 Trinity place, between Rector and
Thames street and just back of Trinity Church,
The purchase was made from the Alliance Real¬
ty Co. Frazar Sc Co.. who are now located at
SO Church street, will occupy space in the
building as fast as it becomes available and will
use the structure, which has a frontage of 104
feet and an irregular depth, as the home of¬
fice. Ultimately, it is understood, the firm will
erect a m-^re modern building on the site>
Brooks   Sc   Momard   were   the   brokers.

$1,200,000   Broadway   Deal.

Henry Claman. president of the Forty-eighth
Street Co., purchased from the Japanese Fan
Co. the four .5-story fiats, 102x100, at 2333 to
2S39 Broadway, southwest corner of S'->th street,
and upon expiration of existing leases intends
to improve the plot witb a 14-stary apartment
from designs now being prepared by Gronenberg
Sc Leuchtag architects. The entire operation
involvcr^ more than Sl.200,000. The Herman
Arns  Co.  was  the  broker.





Resell   Hague   Dwellings.

Harris and Maurice Mandelbaum resold thp
Hague Dwellings, a 7-story apartment house at
547 Riverside drive. 220 feet south of 127th
street. lOOxlOO, to Samuel Wacht, through Wil¬
liam S, Baker, The same broker resold the
property for Mr. Wacht to an investor and it
is reported tbat a third resale is pending. About
a month ago the Messrs. Mandelbaum acquired
the property from the Sussex Holding Co., Geo.
V, Allison, attornev. The house has a rent
roll   of  about  $22,000  a  year.





"Adlon" in $2,000,000 Trade,

Bing Sc Bin^ have jjurchased from Robert E.
Simon the Adlons, two 13-story apartment
houses at southwest corner of 7th avenue and
n4th street, the corner building on plot 100x100
and the inside building on 7th avenue on plot
50x100. The property shows an annual rental
of approximately $21f^,000. and was held by
Mr.   Simon   at   Sl.-iOO.OOO.

Mr, Simon acquired these buildings a short
time ago from the builders, the Adlon Construc¬
tion Co., J. C. Graef, president, and now re¬
sells at a substantial profit. This section of
7th avenue on which these bouses are located
has attracted considerable attention since the
purchase of the blocks 55. 56, 7th avenue to
Broadway, as a site for the New Commodore
Hotel, and the new station of the 7th avenue
subway is within one block of this property.
In addition to cash, Bing Sc Bing gave in pay¬
ment the Belvedere, at tbe southwest corner of
Edgecombe avenue and 150th street, a C-story
elevator apartment on plot 100x100, showing a
rental   of   1^30,000.     The   property   was   held   at





RECORD    AND    GUIDE

$325,000. They also gave in exchange the south¬
east corner of Lexington and 51st street, a sub¬
way corner adjoining the Lexington Opera
House, a one story taxpayer on lot 50x100 and
held at $125,000. Leitner, Brener Sc Starr, and
N,  Wilson, were the  brokers.

The Belvedere was later resold, through tbe
same   brokers,   to   Frederick   Brown.

Buyer for Brevoort Home.

The original Brevoort mansion at 24 Sth
avenue, northeast corner of 9th street, now the
home of Charlie de Rham, has been sold to
George F. Baker, Jr., vice-president of the First
National Bank. The property measures 02.4x
126 feet. The house was built by the late Henry
Brevoort, who was Mrs. Baker's great-grand¬
father, in 1834, and it will now revert to his
his direct descendants in the fifth generation.
Mr. de Rham _acquired the property from Mr,
Brevoort in 18^)0, and it has been continuously
occupied by his family since that time. Newton
Rae, of Worthington Whitehouse, Inc., was the
broker.





13





Insurance Company hold a mortgage for $1,-
250,000 on the property, which, it is said, runs
for ten years. The houses were built about five
years ago by Newmark & Davis,





Deal   Closed   by   Cable.

Greenfeld & Safiir sold for Louis Marshall to
the Silbo Realty Corporation the two 5-story
apartment houses on plot 67x100 at 14-16 West
117th street. The property was held at $75,000
and was acquired by Mr, Marshall about a year
ago. One of the interesting features of this
deal is the fact that all negotiations took place
by cable due to Mr, Marshall's presence at the
Peace Conference in Paris, as the president of
the  combined  Jewish  Committees  of  the  World.





Rumored Drive Deal,

The two 12-story apartment houses' on River¬
side Drive^ occupying the block front between
141st and 142d streets, have been sold in a cash
transaction, according to report. The struc¬
tures occupy a combined frontage of 204 feet
on Riverside Drive. ISO feet on 141st street and
14H,9 feet on 142d street, with a westerly line
measuring   109.10   feet.     The   Metropolitan   Life





Manhattan.
South of 59th Street.

DUANE ST.—Wm. A, White & Sons have sold
for Elkan Naumburg to a client the property,
25x60, at, the southease corner of Duane and
Greenwich sts, in the butter and- egg district.
This is the first sale of the property in thirty-
five years. The premises have been occupied
by  the  same  tenants  for  twenty-seven  years.

GREENWICH ST.—Wm. A. White & Sons
sold for Charles k. Ruffer to a client the north¬
west corner of Greenwich and Duane sts, 20x50
ft. This is diagonally opposite the corner sold
hy the same brokers a few days ago and is the
third Greenwich st corner in that vicinity re-
C'"ntly   sold.





»e Luxe'*

II m pt*ovetnen£s





Wire -yotir

Property
NOW!











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To Lei





iiriidiiiii





75,000 Atiarimexute
for YOUR Tenanis





THE Department of Labor
estimates that75,000 apart¬
ments will have to be built
before New York's housing condi¬
tions return to normal. Today
even the most out of date and un¬
improved dwellings are occupied
—occupied by people who can find
nowhere else to live.

But Manhattan's shifting pop¬
ulation is soon to undergo its
greatest upheaval — fhe era of
moving days ushered in by the
erection of these 75,000 apart¬
ments. The first to move will be
the tenants of old, unimproved
buildings,

To insure themselves against a
return to the old days when un¬
improved dwelling places went
begging   for   tenants,   farsighted

landlords are now making their
properties more desirable as Hving
places.





Electric service is the first im¬
provement installed. Nothing
else can add like comfort to the
home. Without it families are
deprived of such necessities as
electric irons, fans, cooking de¬
vices and vacuum cleaners-
Apartment halls are vastly im¬
proved by electric service. Uni¬
form light, convenience of control,
the elimination of bell-ringing and
door-openingbatteriesandthesub-
stitution therefor of small trans¬
formers operated from the lighting
circuit, are some of itsadvantages-

A postal-card or telephone re¬
quest (Stuyvesant 4980) will bring
our representative to you. He
will tell you how inexpensively
and easily your property can be
electrified- And if the investment
involves a greater immediate ex¬
penditure than is convenient, we
may be able to arrange terms.





^e UNITED EWCTRIC

UGHX & POWISR COMR^NY

150 £ast tSttk. S±a?e&±, Xe>iVXoi«k.