July IS, 1922





RECORD   AND   GUIDE;





n





Natanson   Buys   Harlem   Apartments

William Ottman sold through Day & Day.
Inc., to Max X. Xatanson, .'.n'.i-.'tl.l West 110th
st, two 12-sty elevator apartment houses, known
respectively as the St. Albans and the Dart¬
mouth, each on a plot 108.4x1(mi. They con¬
tain suites of from o to 8 rooms each. They
were held at $1.5UM,Umi and were sold for all
cash.





ing plant  for  C.  and  C.  Ginger  Ale  and other
products.





Bowery   Parcels   Change   Hands

Jacob Finkelstein ^v- Son sold for the Calla¬
han estate, Laurence McGuire, president. I.'t7.'2
and 1"'!' Bowery, the lir^t being a 3-sty brick
building, on a lot K!.(jx72.'.), and the second a
;;-yty framu and brick building, on a lot llS.^iJx
TS.Tx irregular.

A resale of the wider plot is now pending.
The narrower parcel will be altered by the
buyers, who are in the furniture business, and
who will  occupy same.





Site   Bought   for   Private   Hospital

James Kyle & Sons sold for Henry Wienand
and George Khret, respectively, the o-sty apart¬
ments, 549-551 East STth st, northwest corner of
E'ast End av, on a plot 46xl00.sii.. The pur¬
chasers are a group of physicians, who will
demolish the present buildings and erect a ijfi;-
sty private hospital thereon. The. sales are
recorded.

More   Co-Operative   Apartments

The prospect of continuing high rents for
the best class of East side apartments has led
to the formation of a syndicate to erect a 9-sty
building to provide reasonably priced dwellings
for their own occupancy. The syndicate is to
be composed of live shares, four of which have
already been taken by Lamar Hurdv, formerly
corporation counsel; Frank Damrcseli. director
of the Institute of Mui^ical Art ol X^ w York
City; David Mannes. of the musirul school
bearing his name; and Dr. John L'. Vaughan.
They have purchased from the Minot Realtv Co.
(Seth Milliken) the plot ll*i»-l:J4 East Tr.th st.
between Park and Lexington avs, and measur¬
ing 85.6x102.2.

This property adjoins the low studio building
of the Society of Beaux Arts Architects, and
overlooks to the south the recently remodelled
and strongly held private residences on the
north side of 71th st. The building has been
planned by Donn Barber, architect, and work
will begin in October in order to be ready for
occupancy in the fall of 1923. Mr. Barber's
plans provide for an interesting division of
floors into room suites. Blaine Ewing repre¬
sented the syndicate in the negotiations and
Pease & ElUman were the brokers for the
seller.





Broker Buys   Suite

Culver & Co. sold for the Joint Ownership
Construction Co.. Inc.. Frederic Culver, presi¬
dent, a large apartment in their new lOn per
cent joint ownership building which they are
about to erect at Lexington av and 69th st.
to Douglas Gibbons, a well-known real estate
broker.





Y. M. C. A. Enlarges  Plot

The Washington Heights branch of the V. M.
<A A., which plans to build a new home on the
east side of Broadway, between 182d and lS3d
sts. has enlarged the site for its building by
purchasing 4 lots at the southeast corner of
Broadway and lS3d st from Dr. Charles V.
Paterno. The site measures 105.10 feet on
Broadway and 110 feet on ls3d ?t.

With the latest acquisition the Y. M. C. A.
is now in possession of the entire block front
on the east side of Broadway, between lS2d
and lS3d sts. The combined properties front
191 feet an 'Broadway. 110.2 feet on 182d st,
and 118 feet on 183d st.

Dr. Paterno bought the 183d st corner a year
ago for the purpose of turning it over to a
Masonic association to be known as the Temple
Club. A club house which was to cost $300,000
was planned  for the property.





Resell Leroy Apartments

Tbe Leroy. a 7-sty elevator apartment house,
on plot 12r).5xll8.ox irregular, at the northwest
corner of St. Xicholas av and 113th st. has been
resold by the Sophus Realty Corporation to the
newly organized Dick Dock Realty Corporation,
havini^ for directors George and Francis Dicker
and Max and Anna Doctorwitz. The house con¬
tains 48 suites and 5 stores.





Sale  in  Lower  Fifth  Ave.

Norman S. Riesenfeld and Joseph F. A.
O'Donnell, operntors, sold 123 Fifth av, a 5-sty
business buildini^', L'2.r>xHXi. to Fishbein-Fuchs
Corporation, nstaurateurs, who will occupy.
The property was held at $100,000 and was pur¬
chased by Riesenfeld and O'Donnell through
Wm. Cruikshanks Sons, brokers, from the Vin¬
gut Estate.





Queens   Factory   Site   Bought

E. & J. Burke Co. purchased through Cross &
Brown Co. a plot of 30,000 square feet on Creek
st and Nott av, Long Island City, for improve¬
ment with a large miyiufacturing and distribut-





Brooklyn Lots for Improvement

The new Roseart Building Corporation CNL H.
Goldwitz, R. L. Turk and M. C Weisman, direc¬
tors! purchased from the L. & W. Holding Co.
and others the bloi k bounded by liiith and Oith
sts and Eighteenth and Nineteenth avs. Brook¬
lyn, for the erection of sixteen 2-sty 2-family
houses. The block measures 2UUxl00.
operation  will   involve  ;?12.j.fi(ni.





Greinburgh to the same buyers, who will use
it in connection with the club. This site was
held at $150,000.





MORTGAGE LOANS





The





The newly formed Dovale Homes Co.. having
for dire^ tors H. and I. Silverman and M. E.
Leviue. purchased from the Aggressive Realty
Co., A. X. Xazarowitz president, a plot of 21
lots at K.ist Sth st and Ryder av, Brooklyn, on
which the company will erect 21 dwellings,
calling for an outlay of  about  $15(i.Ono.





Sales   of  Westchester  Acreage

The six acre estate of Mrs. Minnie Currie at
Greenburgh, Westchester county, has been sold
I'y Mrs. A. R. Davenport, broker, to Goldburgh,
Klein & Goldburgh, this city. The property will
he used as a site for the Pelhamhurst Country
'Club. It was beld at $17,000. The same broker
aold for Edward Patterson his 21-acre estate in





Lawrence, Blake & Jewell placed a loan of
S.->tHt,i)On on the new 16-sty building. 142-146
West 36th St. 75x98.9. owned by the Jatison Con¬
struction Co. This property practically adjoins
the new Arcade building now being constructed
and running through from 35th to SGth st, op¬
posite Macy's, upon which the same brokers
have recently placed a loan of $1,000,000. The
Jatison Construction Co. building will be rented
for otTices and high class showrooms. Several
im|iortant leases have already been made, and
others now under negotiation, which shows
the strong demand there is for such space in
the Pennsylvania zone. The operation will in¬
volve over $1,000,000.

Loans on bond and mortgage amounting to
S5,000.000 have been authorized by the Mttro-
I^olit.an Life Insurance Co. Of these more than
•'■-,nin),00'i were for housing. Of the housing
loans  about  .*].000,(i(_«i  were in  Xew York  City





United Electric Service





15 supplied to













I ii ^^ 'i X-

1. ia   1,1,'







505 WEST END AVENUE

A beautiful apartment dwelling, surrounded by
private residences, which in addition to every con¬
ceivable comfort and luxury, will have the advan¬
tages of maximum daylight.

The owners and builders are the 505 West End
Avenue Corporation, Anthony A. Paterno, Presi¬
dent; the architect, C. Ajello, and the electrical
contractor, Joseph Guttman.





When in need of Electric Light or Power Service,
call Stuvvesant 4980. Your requirements, whether
large or small, will receive the prompt attention
of   our    Commercial   Department   representatives.





t?he United Electric
Light *'"*' Power Co.

ly East- icth St., New York,