January 1, 1916





RECORD   AND   GUIDE





23





PRIVATE REALTY SALES.





iiii.'rtiiiniiuiiimtmiMMiui





THE last week of 1915 closed strong.
Trading continued to concern
widely scattered and miscellaneous
classes of properties. The private sales
market maintains its slow and steady
improvement, and while the ratlier un¬
usual record of last week which yielded
40 reported sales was not bettered, the
business was as diversified and as
worthy of encouraging reflection. The
real estate market does not rise on short
notice to spectacular heights as can the
market for other commodities. Its im¬
provement and development must be
slow and gradual. Just as the decline
within recent years came slowly, so
must the uplift come, and to those who
are in touch with actual conditions, both
surface and sub-surface, the trend with¬
in the last few months indicates that a
new era is at hand for real estate inter¬
ests.

The private sales market for the year
shows an improvement when compared
with 1914, as indicated in the statistical
table appearing elsewhere in the Record
and Guide. This situation, coupled with
the unusual business prosperity through¬
out the country that is being predicted
for 1916, should make the real estate out¬
look for brokers a hopeful one. It is
almost certain that there will be a great
demand for mediums of conservative
investment, and it is only reasonable to
assume that real estate will gain its
share.





The total number of sales reported
and not recorded in Manhattan this
week were 22, as against 40 last week
and 19 a year ago.

The number of sales south of S9th
street was 9, as compared with 17 last
week and 9 a year ago.

The sales north of 59th street aggre¬
gated 13, as compared with 23 last week
and 10 a year ago.

The total number of conveyances in
Manhattan was 130, as against 133 last
week, 25 having stated considerations
totaling $1,074,375. Mortgages recorded
this week number 63, involving $2,317,-
595 as against 60 last week, totaling
$2,445,890.

From the Bronx 19 sales at private
contract were reported, as against 13
last week and 6 a year ago.

The amount involved in Manhattan
and Bronx auction sales this week was
$547,875 compared with $844,300 last
week, making a total for the year of
$62,931,124. The figures for the corre¬
sponding week last year were $585,958
and the total from January 1, 1914, to
Jan. 2, 1915, was $43,473,645.





Heights Buying and Selling.

Gustavus L. Lawrence has purchased
from Mrs. William C. Trull, a plot of
fifteen lots on the west side of Wads¬
worth avenue, running from 190th to
192d streets, with a frontage of 369 feet,
a depth of 98 feet and a rear line of
about 400 feet. Mr. Lawrence resold
the northerly part of the plot, measuring
169 x 98, with a rear line of 184 feet, to
the S. B. Building Corporation, Behr-
mann & Schwartz, which will begin the
erection of three five-story apartment
houses arranged for five families to the
floor. The brokers in both transactions
were M. I. Strunsky & Company.





To Enlarge School Building.

The City of New York has purchased
from Mrs. Emily Schaeffler and Joseph
C. Schaeffler, through W. E. & W. I.
Brown (Inc.), the Schaeffler homestead
property, containing about 13 lots and
covering the entire block front in Grote
street between Cambreling and Beau¬
mont avenues, having a frontage on
Cambreling avenue of 202.7 feet and
133.3 feet on Beaumont avenue, to be
used for the erection of an annex to
P. S. 32. The school property will now
comprise the entire block bounded by
Grote street, Cambreling avenue. East
183d street and Beaumont avenue.





Re-sells  Building  Site.

Leslie R. Palmer has resold the two
five-story buildings on plot 50 x 79 at
20-22 Dey street, which he acquired last
week from J. B. Peck, as a site for a
twentv-story office building. The broker
in tlie transaction was the Douglas Rob¬
inson-Charles S. Brown Comp;uiy. The
identity of the new owners could not be
learned, although it was rumored that
the Western Union Telegraph Company,
which owns the twenty-seven-story of¬
fice building adjoining on the east, had
acquired the property to protect the
westerly   light   of   that   structure.





Company, Charles Flaum, which con¬
templates the erection of three high-
class apartment houses. Wechsler &
Kohn represented the buyer, as attor¬
neys.





Builders Buy Dwellings.

Julius Tishman & Sons have bought
from a client of Stoddard & Mark,
through Frederick Zittel & Sons, the
four four-story dwellings at 30-36 West
70th street, on a plot 79.6 x 100.5. The
houses were acquired by the seller at a
partition sale, several weeks ago, for
$106,500, at the stand of Joseph P. Day.
The buyers in the present deal will erect
a nine-story apartment house from
plans by Schwartz & Gross.





Annex for New York Times.

Tlie New York Times has purchased
from the Hyde Real Estate Corporation,
A. Filmore Hyde, president, through the
M. Morgenthau, Jr., Company, five five-
-story flat houses at 231-239 West 43d
street, on a plot 100 x 100.4. The pur¬
chaser will utilize the property for a new
building to extend its printing establish¬
ment now housed in the twelve-story
building, known as the Times Annex,
wliich adjoins the plot just sold.





Heights Builder Active.

The Roxton Realty Company has
sold, through Geo. R. Read & Company,
a block front on the east side of North¬
ern avenue, between 177th and 178th
streets, measuring 255 x 112 feet. The
purchaser   is   the    Haven   Construction





Rumored Apartment House Deal.

.\ccording to a report current yester¬
day, Emerson McMillin, the banker, has
purchased from Mullekin & Moeller, the
new twelve-story apartment house at
318-322 West 84th street on a plot 72x
102.2. Mr. McMillin is said to have
given in part payment the four-story
dwelling, 320 Riverside drive, on plot
36x100.





Manhattan—South of S9th St.

LUDLOW ST.—E. H. Ludlow & Co. sold for
the Equality Construction Co., 17 Ludlow st, a
5-sty tenement, on lot 25.\S7.6, to Sophie Tager,
who owns adjoining properties at 13 and 15 and
now controls a plot 6oxS7.6.





E^al lEstat^ Inarh nf N^m f crk





Organized 1896





Incorporated 1908





FRANK D. ANiES
Pres.





BURTON J. BERRY
Sec'y-Treas.





AMES & COMPANY

Real Estate Agents and Brokers

Telephone 3570 Madison Sq.       25 WEST 31st ST.





DE SELDING BROTHERS

Real Estate, Loans, Appraisals

128 BROADWAY





A. V. AMY & CO.

REAL ESTATE AGENTS
BROKERS and APPRAISERS

Tel., 8147 Cathedral      7th AVE., Cor. 115th St.







Auctioneer
31 NASSAU STREET





Established 1863

J. ROMAINE BROWN CO.

REAL ESTATE
299 Madison Avenue      New York City

Telephone 1481 Murray Hill





AUSTIN  FINEGAN

Real Estate—Insurance—Appraisals

35   NASS.^U   STREET,        Tel. 17:!0 Cortlandt





OGDEN & CLARKSON

Corporation

Real Estate and Insurance

657-659 FIFTH AVENUE, Comer 62d Street





"Office-Chair" Salesmanship

Buyers for real estate do not come to the
broker's office chair any more. They must be
founil. That's tlie maxim of our sales depart¬
ment.    ^^

Bulkley   &   Horton   Co.





414 Myrtle Ave.
585 Nostrand Ave.





BROOKLYN







LOUIS




OCHRAG





Agent, Broker




^^  Established 1890





and Appraiser




l^tel. 1/00 1 Clielsea





Real Estate




142 W. 23d St.





,












A.




M.




CUDNER

REAL ESTATE CO.





Real   Es




>tate   Brokers   and   Managers















ISA WEST 33D STREET





Frank E. Smith & Son

Inc.
Real Estate Investments

Telephone 6443 Gramercy    3 MADISON AVE.





J.  CLARENCE  DAVIES

BRONX BOROUGH

REAL ESTATE

149tli STREET & THIRD AVENUE

Tel.   Con.       Branch  Office.   156   BROADWAY
Member of Board of Brokers





TUCKER, SPEYERS & CO.

Real Estate

43S FIFTH AVENUE, NEAR 39th  STREET
Telephone,  2750 Murray Hill





JAMES N. WELLS' SONS

(.lames   P.   Eadie)

Real Estate and Insurance

Since 1835 at No.  191  NINTH AVENUE
Established   1819                Fhone.  5266  Ciielsea   »