84





RECORD   AND   GUIDE





Januar}' 20, 1917





Thomas J. O^Reilly
Real Estate

Agent, Broker, Appraiser
Broadway at lC9th St.

DOWNTOWN OFFICE

51 Chambers Street





Branch Manager

PHOENIX ASSURANCE CO., Ltd.

of London





New York Rcpreicniatlvo of

CAUGHY. HEARN & COMPANY

Baltimore   and   Washington





REAL    ESTATE    NEWS    OF    THE    WEEK





Cammann, Voorhees & Floyd

MANAGEMENT OF ESTATES

84  WILLIAM   STREET                NEW  YORK

BROKERS, APPRAISERS, AGENTS





J. B. ENGLISH

Real Estate Broker





tSTlTE.S U^<iiGED
KL.MS COLLECTED
IIOISES FOR SilB
A.\D TO LET





1531-7 Broadway

N. W. Corner 45th St.

Astor Theatre Building

Phone: Bryant 4773





HARRY B. CUTNER

REAL ESTATE
1181   BROADWAY

Southwest    Corner   Twenty-eighth   Street
Telephone—Mad.   Sq.   9329





O. D. & H. V. DIKE

Midtown Business
Property

CANDLER   BUILDING.   220  WEST  42D   ST.





r GODWIN &





c G





GODWIN





REAL ESTATE AND INSURANCE

Management of Estates a Specialty

l-tS WEST 57th STREET
Near Carneeie Hall                 Telephone 6096 Circle

260 LENOX AVENUE
N.  E.  Cor.  123rd Street        Telephone  6500  Harlem





Edgar A. Manning                  Anton L. Trunk

MANNING & TRUNK

RE.\L  ESTATE
489 Fifth Avenue, New York

Telephone 6834 Murray Hill





J.  CLARENCE  DAVIES

BRONX BOROUGH     •■
REAL ESTATE

149th STREET & THIRD AVENUE
Tel. Con.        Branch OfiSce, 32 NASSAU ST.

Member of Board of Brokers





Francis W. Forbes Sons

City Surveyors
Real Estate and Insurance

8-10 JA^IES STREET, N. Y. C.

HOWARD H. FORD        FREDERIC C  FORD
WALT ER H. FORD, C. E.     HAROLD S. FORD

-»„___________,--------------------------





Important Properties Sold, Including the
Hotel Renaissance and the "India House"





T"" R.\DING in the real estate market
■I- was of an unusually diversified char¬
acter and practically all sections of the
city contributed important transactions.
The demand for well-located investment
properties in both the uptown and down¬
town sections continued without abate¬
ment, and an additional touch of interest
was added to the market through the ac¬
quisition of several desirable building
sites, to be improved with hi.gh-class
mercantile and residential  buildings.

Notable among the investment trans¬
actions of the week was the sale of the
Hotel Renaissance at Fifth avenue and
43rd street to California investors, who
gave as part payment a million dollar
ranch in Colorado. This sale is said to
mark the first venture of the buyers in
New York City real estate. Another im¬
portant transaction involving approxi¬
mately $750,000, in which the purchaser
is stated to be a resident of Washington,
D. C. concerned the "India House," at
Hanover Square. In the Bronx an in¬
vestor acquired a big frontage alon.g the
line of the .Terome avenue subwav. in a
section which has witnessed considerable
apartment house building within the last
two years.

Important transactions forecasting
building projects included the acquisition
of a fifty-foot plot in West 72d street to
be improved with a fifteen-story apart¬
ment hotel: a plot at Central Park West
and 97th street, to be used for the erec¬
tion of a nine-storv apartment house, and
a corner at Madison avenue and 30th"
street, to be improved with a twelve-
story mercantile building. On Wash¬
ington Heights the last parcel in the
one-time extensive holding of the Loyal
L. Smith estate passed into the hands
of the same operators who have acquired
the entire tract at various times and
have been disposing of separate parcels
to builders. Another deal of interest
concerned the Prospect Theatre on
Prospect avenue in the Bronx, which
passed into the bands of an investor,
who gave as part pavment the Montarue
Hotel and annex in Brooklvn. The
transaction involved in its entirety about
?62S.000.

The leasing branch of the market also
furnished several important transactions.
In Harlem, a site in East 125th street
was acquired, which will be used for the
erection of a theatre, store and ofiice
bui'ding. Rentals in a Broadwav loft
building near Canal street resulting in
the complete renting of the structure, at¬
tracted attention to the .gains which
have been made in this section within
the past ypar, in the attraction of new
and   desirable   tenants.

Considerable interest will center in
auction room offerings, during the com¬
ing week. The real estate holdings of
the estate of Adolph Mandel. which have
been in the hands of the trustee in bank¬
ruptcy for several vears. will be offered
at auction by .Tosenh P. Day. on January
24 and .Tanuarv 25. at the Vesey Street
Exchange Salesroom. There are about
forty-two parcels scheduled for sale,
most of which represent tenement prop¬
erties in various sections of the city.
They were offered at public sale in .Jan¬
uary, 1916. It is stated that uo to a
short time ago there existed on them a
high theoretical appraised value, and
they were held bv the United States
District Court on the basis of these fi.g¬
ures. This feature does not exist now,
and an opportunity mav be afforded for
the purchase of desirable investment
properties.

Another interesting sale, by .Arthur C.
Sheridan, in the Bronx Real Estate Ex¬
change Salesroom on Thursday, Tanuary
25. will concern lots at the Hugh J.
Grant circle, at the junction of Tremont
and Westchester avenues and 180th
street, and other lots in the block
bounded by Pu.gsley, Chatterton and
T.udlow avenues, and fronta.ges on
Treii-.ont avenue, Zerega avenue and
180th street.    The sale of six lots in the





West Bron.x section will also be made
by the same auctioneer. These proper¬
ties are located on Mosholu Parkway
and Gun Hill Road, facing Van Cort¬
landt  Park.                                        '





Open Uptown Office.
Daniel Birdsall & Company, real estate
brokers, established in business since
1860, with offices at 317 Broadway, have
opened an uptown branch at 425 Fifth
avenue, in charge of Charles G. Edwards.
The firm has specialized in the manage¬
ment, sale and rental of mercantile prop¬
erty in the soijthern part of the borough
for many years and has been promi¬
nently identified with the old drygoods
and adjacent districts. The new olflce
will be maintained to more elficiently
meet the demands of increased business.





PRIVATE REALTY SALES.





""p HE total number of sales reported
■'■ and not recorded in Manhattan this
week was 41, as against 37 last week and
22 a year ago.

The number of sales south of 59th
street was 14, as compared with 16 last
week and 10 a year ago.

The sales north of 59th street aggre¬
gated 27, as compared with 21 last week
and  12 a year ago.

From the Bronx 6 sales at private
contract were reported, as against 12 last
week and 20 a year ago.

Statistical tables, indicating the num¬
ber of recorded instruments, will be
found on page 94 of this issue.





Re-Sells Hotel Renaissance.

C. Grayson Martin has resold the
Hotel Renaissance property at the south¬
west corner of Fifth avenue and 43rd
street to George M. and Julius Black,
California real estate investors, who
have been active in real estate transac¬
tions on the Pacific Coast. They gave as
part payment the X. Y. ranch in Colo¬
rado, held at about $1,000,000, one of
the best known ranches in the state,
having an area of about 5,000 acres. It
was formerly owned by Frederick Har¬
vey, the railroad restaurateur. The
broker in the transaction was .\lbert B.
.Ashforth (Inc.). The property is in a
neighborhood where there has been a
great deal of recent activity. It com¬
prises a plot 75x125, with an "L" of 25
feet in 43d street, and is assessed by the
city for taxation purposes at $2,115,000.
The hotel was built some years ago by
the late David H. King, and came into
the market recently through the death
of Mr. King, who had the ground lease
from the Hoffman Estate, and who
erected the present building, an eight-
story structure with an addition in 43d
street. 125x100 feet. The new owners
have not decided what use they will make
of the property at the present time, the
leases on the hotel apartments not ex¬
piring until May 1. If it is decided to
improve the property, it will remove
from the market probably the last avail¬
able plot on Fifth avenue near 42d street.
It was stated in real estate circles dur¬
in.g the week that the commission on
this transaction was probably the largest
sin.gle commission made on any indi¬
vidual transaction in 1916. the sale as a
matter of fact having really been closed
in 1916.





Buys "India House."

Charles F. Noyes Company, represent¬
ing the buyer, and L. J. Phillips & Co.,
representing George Ehret, the seller,
sold the "India House" property with the
adjoining buildings held at $750,000. The
propert}' was formerly the home of Wil¬
liam R. Grace & Co.; and before that,
the home of the New York Cotton E.x-
change. In addition to 1 aad 2 Hanover
sauare, 62 to 66 Stone street and 101 and
103 Pearl street, the sale also incli«les
60 and 62 Stone street and 95, 97 and 99