534





MONEY
TO LOAN





on





New York City
Real    Estate





LAWYERS  MORTGAGE   CO.

BICBARD M. BURD. Preaident

Capital. Surplas and Pr. $9,000,000

59 Liberty Street. New Tork
184 Montague Street, BrtMiklyn





Woolworth BuildiDg taken tbroagh
Polished Wire Glass "Windo-w In th^
Western Union Building, New York City.





Why not get the bene¬
fit ot reduced insurance
rates, together with the
masiniuni of Fire and
Breakage Protection?

Install Mississippi Pol¬
ished Wire Glass with its
silver white wire and sur¬
face equal to any plate
glass, and save money.

Write for Catalogue
and Samples.

MISSISSIPPI
WIRE GLASS CO.

Room 1712
220 Fifth Ave., New York City







RECORD    AND    GUIDE

cently acquired the building' they now oc¬
cupy at 82 Beaver street, hi order to better
accommodate the increasing' demands of
their business, has purchased from the
American Cotton and Grain Exchang-e the
property known as 71-73 WaU street, the
corner of Pear] street, and comprisine-
somewhat over 3,000 sq. ft. They have also
purchased from the United States Rea3tv
&: Improvement Companv the seven story
office budding at 67-GSi Wall street, covering'
an area of approxijiiately 9.000 sq ft It
IS the intention of the Munson Line to tear
down the present buildings and erect on the
site a 20 to 25 stoi-y office building, cover¬
ing' the total area of approximatelv 12,500
sq, ft. The improvement will give the
J^Uinson Steamship Line the third largest
frontage on Wall street; the National City
Bank on the block to the West on WaU
street having the largest frontage. The
Bankers Trust Company, throug-h the pur¬
chase of the Schermerhorn Building, taken
together with their present building-, wUl
have the second larg:est frontage on WaU
street,

TJie George A, FuJlor Company has con¬
tracted with the Munson Steamship Line
to have the building ready for occupancy
early in 1921. It will be of the most mod¬
ern type, equipped with high speed ele¬
vators and every new facility for tenants
who will take large space. The floors vpill
contain about 10.000 sq. ft, of rentable area
per floor with all of the modern conven¬
iences that ai'e fotmd in the best oflice
buildings. The exterior is to be of simple
and artistic design of face brick, with
innestone and terra-cotta trimmings, and
the appearance wijl reflect the dignified
character of the great steamship company
for  whose  use  it  is  primarily  built.

Albert B. Ashforth, (Tnc), waa the broker
in the entire transaction, Mr, Ashforth re¬
ports that much of the space not to be
occupied by the owners has tdready been
apphed for.







By Fifth Avenue Purchase.
One of the largest deals of the vear in
the lower Fifth avenue section was con¬
summated -with the sale to Edgar A Levy
by the Rothschild Realty Company of the
Stuyvesant Building at the northwest cor¬
ner of Fifth avenue and loth street and the
United States Worsti-d Bmlding. adjoining,
at 102 and 104 F^fth avenue. The structures
have a combined frontage of 13:^.5 feet on
the avenue and 140 feet on 15th street. The
properties adjoin the New York Hospital
in the rear. Mr. Levy is said to have paid
close to 53.000.000 for the buildings. The
.Stuyvesant Building is sixteen stories hig-h
and the Worsted Building is eighteen.
They are among the modern business struc¬
tures south of 23rd street and were erected
by the late Jacob Rothschild. The Worsted
Budding was completed after his death,
the site having been acquired in 1910. The
broker in the transaction was Fred V V
Shaw.





Operator Acquires "Langham.."

"Langham" occupying the block front on
Central Park West between 73rd and 74th
streets, has been bought bv Max N Natan¬
son from the 135 Central Park West Cor¬
poration (B, J. Greenhut, president). The
Langham is twelve stories high and occu¬
pies a plot 204.4x100. It was built from
plans by Clinton lS^ Russell. The Langham
was purchased by the late Captain B, J.
Greennut in May, 1917, he giving as part
of the purchase price the estate at West
End. N. J., formerly known as Shadow
Lawn, the summer "W^ite House," as it
was occupied by Pi^esident Wilson in 1916,
f>nd has since been purchased bv Hubert
Parson, son-in-law^ of the late F. "W. Wool-
worth. The Langham was formerly held at
?3.500,000. With the recent sale of the
Hotel Majestic, this makes the second lai'ge
property recently sold 'in the 72nd street
section of Central Park West. L. J. Phil¬
lips & Co., who sold the property to Cap¬
tain Greenhut. a tenant of the apartment
house,  negotiated the re-sale,

S'henk   Buys  "Royalton."

Joseph Shenk has bought through Reis
& Feinberg, Inc.. from the Realty S\Tidicate,
the Hotel Royalton, a twelve-story struc¬
ture at 47 and 49 "West i'Srci street, running
through the block to 44 West 44th street,
valued at Jl,-O0.000. It stands on a plot
fronthig 50 feet on each street, and is 200
feet in depth. It adjoins the Hippodrome
on the west and on the east is the home
of the New York Bar Association, thereby
insuring the light of the structure. It con¬
tains 250 rooms, and is said to return an
annual rental of approxhiiately $500,000.
The new owners have in mind altering the
structure into offices at the expiration of
present  leases.

Mr. Shenk has also sold to a client of B,
Harris the Woodrow Court, a six-story ele¬
vator apartment house, occupying the block
front on the east side of Broadway, between
169th and 170th streets, on a plot 177x100-
The  structure was recently acquired by  the





___________      November  22,  1919

seller from Judge Martin T, Manto. It
contains ten stores and fif tv-five apart¬
ments, and rents for about $70,000 annually,
The property was held at ?650,OOO-





Closes   Fulton   Street   Deal.

Robert   E.    Simon   completed   negotiations
for   the   purchase   of   the   Fuiton   Building,
southwest    corner    of    Fulton    and    Nassau
streets,   a   ten   story   structure,   which   was
one    of   the   first   tall    buildings    to   invade  M
Nassau   street.     Mr,   Simon  is  said  to  have  "
p;tid  $900,000  for  the property,  which  fronts   _
57-10  on  Nassau  street  and  113.7  on  Fultoa   a
street.    Mr.  Simon  has hitherto confined his
attention  mainly   to   properties   uptown   and
in    the   old   mercantile   districts,    this   deal
representing   his   first   important   "buy"^   ia
the  downtown area.





Operators   Buy  470 4th   Ave,

Harris   and   Maurice   Mandelbaum,   opera-   _
tors,    have    purchased    the    modern    twelve   fl
stoiT  structure  at  470  and  478   Fourth ave¬
nue,  southwest corner of 32nd street,  owned
by  the  estate of Julia Peck,  represented by
the   New   York   Life   Insurance   and   Tn^t
Company   as    trustees.      The    building    oc-   fl
cupies   a   plot  S3.8xU6,     The latter  dlraen-   "
sion    represents    the    frontage    on    Fourth
avenue.      It   is    directly   south    of    the   old
Park  Avenue  Hotel  and  is largely  tenanted
by representatives of the silk industry.    The
annual   rental   roll   is  100,000   and   the  prop¬
erty   is   said   to   have    been    held    in    the
neighborhood of $1,1)00,000,

The structure was erected by Easton &
Pejirce, who bought the land from the
Morrell estate. Tbe buyers recently ac¬
quired the Albemarle Building, at the
northwest corner of Broadway and 24th
street, a sixteen story structure, for which
they are said to have paid in the neighbor¬
hood of $4,000,000.

Emmet & Parrish represented the Pecfc
estate and Eisman, Lee, Corn & Lewine
represented the Mandelbaums, WUllaai
Cruikshank's   Sons   were   the   brokers.





Buys   Dov/ntown   Block   Front.

The Searles estate sold the block front
on the north side of Battery place, between
Greenw^ich and Washington streets, front¬
ing 144.2 feet on Batterj' place. 105.9 feet
on Greenwich street and 110 feet on Wash¬
ington street, and covered with ten three
and four story buildings, which are said to
be among the oldest in the city. The reaKy
lias l>een acquired by a \VaU street man
who has in mind its reimprovement in the
near future. It is a couple of blocks north
of the group of prooerties recently pur¬
chased by Henry L. Doherty & Co. with a
view to providing much-needed space for
concerns in the present overcrowded finan¬
cial district. The buyer is a client of
Joseph P. Bay.





Buy   Prize  Winning   '^Verona,"

Douglas L. Elliman & Co., have sold for
the Moulton Holding Corporation to the
Thornhill Corporation the ten story modem
apartment house known as the Verona, oc¬
cupying a plot 150x100. at 3-2 and 34 East
64th street, southeast corner of Madison
avenue. The house was erected about ten
years ago at a cost of about $1,300,000, and
because of the general excellence of its
exterior design won the first prize awarded
by the American Institute of Architects.
It is arranged in two apartments of fourteen
rooms and flve baths to a floor. It numberis'
among its tenants ex-Justice Charles B.
Hughes, Samuel McRoberts, Joseph Clen¬
denin and Leroy Frost. The Moulton Hold¬
ing Corporation acquired the property iast
April through the same brokers in an ex¬
change deal involving a handsome estate
a1 Llewellyn Park, Oi\ange. N. J. The Elli¬
man company has b'^en reappointed agent
for the building, having held that position
for the last three years.





J.   C,





$2,000,000   West   Side   Deal,
&  M,   G,   Mayer,  former builders  of-
big apartments  on  the upper west side, bat .
active   as   operators   during   the   past   year,
have   disposed   of   two   multi-family   struo-
tureg   on  West  End  avenue,   valued   at   $3,-
000,000.  and acquired by them a few months
ago.     The   sales  '^^ere   made   through   Elgar
& Feinberg. as brokers, to corporations con¬
trolled   by  Edgar  EHinger,   who  erected  tiie
Hotel  Hamilton  on  West 73rd  street.

The properties involved in the deal are
the twelve-stoiT apartments at the north¬
east corner of West End avenue and 89thj
street and at the southwest corner of West]
End avenue and 98th street. Together they
1 eturn an annual rental of about $200.00#,1
The SSth street structure stands on a plot
luOxlOO, containing two suites of ten and
eleven rooms on a floor. This was ac¬
quired from the builder, Herman Strauss,
The 9Sth street house occupies a plot lOOx
75. arranged in two suites on a floor of
eight and ten rooms, and was put up by
Edgar  A-   Levy.





AM   Cash  Sale on   Liberty St,

In   an   all  cash   transaction   Pease  &  ElU-