Real Estate Record

AND    BUILDERS'    GUIDE.





Vol. XY.                 NEW YORK, SATURDAY, FEBRUARY 13, 1875.                      No. 361





Published Weekly by

THE   REAL  ESTATE  RECORD ASSOCIATION.

C. W. SWEET............President and Treasurer

PRESTON I. SWEET........Secretary.

TERMS.

One year, in advance...........810 00

Communications should be addressed to

C. TV. S^WEET,

Nos. 345 AND 347 B ioadwat

CONTRACTS    OPEN    TO    BUILDING    ESTI¬
MATES.





Among the many admirable methods -which
prevail in England, is the practice of advertis¬
ing for building estimates. Under this system
the field is thrown (^pen to the trade, and
builders who are not favored with the extreme
partiality of architects are enabled to place
their estimates before owners. A desirable
competition is also excited, wherefrom per¬
sons anxious to improve their property derive
benefit. It is well known that our public
•works are frequently conducted under this
rule to avoid collusion, and although it cannot
be said that the public, acting, as it does,
through intermediaries, is invariably protect¬
ed, yet where the prmcipal himself comes in
contact with the bidders, he is certainly able
to judge which will give him his money's
-worth at the cheapest rate. We commend the
plan to the attention of real estate owners, be¬
lieving it worth trying, and we are sure that
it cannot be objectionable to the mass of build¬
ers who are so often debarred from competi¬
tion, because they are not of the few who
more frequently secure contracts through the
influence of architects, rather than on their
merits for cheapness and efl5.cient work.





Under the offer of a prize for the best plan
of approximately fire-proof cottages, a num¬
ber of plans have been submitted to the Me¬
chanics' and Farmers' Savin^ts Bank, of Chi¬
cago, and it is said that the low estimates of
cost connected with them are likely to effect
a revolution in cheap building in that city.
The result is a matter of importance here,
"where we have outlying suburbs that stand in
need of protection from fire, and we shall wait
with interest the decision of the committee to
which the award is entrusted. The cost of
building, as submitted to the Chicago commit¬
tee, varies from $985 to $3,600 per house, the
ratio of value bearing little relation to size.

The Chicago Real Estate Journal claims that
an unusually large amount of Eastern capital
has been diverted to that point for investment,
and that real estate security for loans is eag¬
erly sought after. If tbis is the case, we have
only ourselves to thank for the foolish inaction
which prevents such a change in our laws as
will attract and retain money here. The rates
9f Jiiterest at OhloagQ e^cped pup PWft, m^





investors there do not incur taxation which
leaves them minimum returns. We hope that
the lesson will not be lost.





LOANS BY INSTITITTIONS.





It is a good season for investigations, and
we commend to the attention of the Legisla¬
ture the numerous savings banks and life
insurance companies which have a surfeit of
funds for investment. It is well understood
that the officers of these corporations are not
permitted to take any fee or other rcAA'ard for
the loan of money by the institutions under
their care, yet we suspect that this admirable
provision of law is often and flagrantly violat¬
ed. In fact, we are satisfied that on general
principles many of these institutions are rot¬
ten and shaky, otherwise we should never see
the ofiicers of ostensibly large corporations set¬
tling down comfortably into wealth strangely
at odds with their beginnings, while out¬
side aid is employed in bolstering up the in¬
stitution which, under their fostering care, has
ceased paying dividends to the stock-holders
or other persons reasonably entitled to some
returns for their investments. Of one thing
we feel reasonably certain, and that is that the
percentages which have been paid for many
loans have not enured to the benefit of the
savings banks or the life insurance compan¬
ies concerned.





OONYEYANOES.





NE-W YORK.

Feb. 3, 4, 5, 6, 8. 9,10.

Attorney st., w. s., 50 s. Broome st., 25x60, h.
& 1. Elizabeth Avife of Frederick StegmuUer
and Margaret Avife of. Henry Falter to August
Walter:   Jan. 25.......................$14,320

Amitt st. (No. 64), 8. s., 25 AV. Laurens st., 25x
100. Agnes Jane McClelland (Extrx.) and
David Clark (Exr. of John McClelland) to
William Dickson.   Feb. 4................50,000

Bleecker st., s. s., 60 e. Carmine st., 18x75.
EdAvard ElsAVorth (Exr.) to Matthew Mulli¬
gan.   Nov. 1............................16,000

Bkoome St., s. e. cor. Sullivan st.,runs east 72x
south .33 X west 2 x south 10 x Avest 70, hs. &
Is. Ellen Burke to John Purcell. June 3,
1873.....................................25,000

Same property. John Purcell to Patrick J.
Burke.   June 3, 1873....................25,000

Bleecker st., n. av^ cor. Greene st., 50x100.
Julia Cath., Rudolph A., Gustavus H.,' and
EdAvin J. Whitthaus and Francis TIUoav (Exrs.
of Gustavus H. Whitthaus) to Frederick C.
C. Schack.   Feb.4......................60,000

Bleecker st., n. w. cor. Greene st., 50x100.
Frederick C. C. Schack to Gustavus H. and
Edwin Julius Whitthaus. (C. a. G.) Febru¬
ary :4...........................,........00,000

Broadway (No. 200), bet. Fulton and John sts.,
23.6x160x32.6x160. Julia Cath., Rudolph A.,
Gustavus H., and Edwin J. Whitthaus and
Francis TilloAv: (Exrs. of Gustavus H. Whitt¬
haus) to Frederick C. C. Schack. Feh. 4.160,000

Same property. Frederick C. C. Schack to Ju-
}ia Cfttn, Wfttliaua,    (C, a. G.)   Feb. 4„160,(K)0





Bulkhead on s. s. South st., commencing at"l
Gouverneur slip, s. e. cor. South st., runs I
east 150..............................  .... r

Also east half pier 53, connected with same

bulkhead.   (Partition)....................J

William P. Lee to EdAvin B. BroAvn. (Subject
to lease.)   (21 years.)   Sept. 15.........37,500

Same property. EdAvia, Harriet E., Henry, and
Catharine M. Bergh, Daniel Butterfield, Ma¬
tilda B. BroAvn, and EdAAiu B. Brown (Trus¬
tees of Jane BroAA'n) to EdAA'in B. BroAvn.
Sept. 15..................................nom.

Chekky St., s. s.,  [50 AV.  Jefferson st., 50 on

Water st., n. s., j each street, x 121.6 on e. s.
and 133 on av. s. Barthold Schlesinger and
Theodor Dreier and others, Boston, Mass.,
and EdAvard LcAvis, Philadciphia, Pa. (being
the firm of Naylor & Co., Ncav York), to Ma¬
ry R. McC. Avife of Abraham B. Conger,Wald-
herg, Rockland Co., N. Y. (C. a. G.) May
8........................................noDCL

Church st. (No. 200), w. s.. 79 a. Walker st.,!
27x50.....................................j

Churgu St. (No. 198), w. s.,'106 s. Walker st., f

16.2x7.5.   (Foreclos)......'.................J

Edward S. Dakin (Ref.) to George Hughes,
Clifton, Passaic Co., N. J................68,000

East Broadway' (No. 24), n. s., 25x—.......I

Ludlow st., e. s., 25 n. Stanton st., 26x89___^

Frederick Kircheis and William ZschAvetzke
to Ellis N. Crow.   Jan. 30...............69,500

East Broadavay (No. 128).   (3^ of this).....)

Allen st. (No. 4).   (X of this)..............f

Elisha B. Hiffgins, Brooklyn, to John W.
Harper, North Hempstead, L. I. Feb. 3.
Conveyed in payment of a debt of §11,300,
and......................................nom.

Eldridge st. (No. 114), e. s., 100 n. Broome st.,
25x87.6... Jochiam D. Timm to Harvey Baker.
Feb. 6.................................29,000

Essex st., w. s. (No. 37), 2.5x87.6. Benjamin
Reinheimers to Fanny Avif e of Isaac Reinheim-
er.. Dec. 29..........:..................25,000

East Broadavay, s. s., 125.9 w. Rutgers st., "1
25x85.....................................I

James st. (Nos. 76 and 78), e. s., 17.11 s. Oak f

St., 36.2X—................................j

Charles W. Leveridge, Albany, to John H.
Leveridge.   (C. a. G.)   (1-5 part.   Feb. 1..5.000

Front st., southerly cor. Dover st., runs sonth-
east alono: Dover st. 142 to South st., x south¬
west along South st. 23.3, x northwest 69.7 x
southAvest 11.4 x northwest 35.11 x northeast
13.4 X northAvest 37.3 to Front st., x northeast
33.4 to point beginning. Catharine M. Lydig
(Extrx.), Philip M. Lydig, Charles P. Daly,
John R. Brady, and DaA'id Lydig (Exrs., &e.)
to Conrad F. and Eibe N. F. Meyer. Febru¬
ary 1 ....................................45,000

Fulton st., s. s., 160.2 e. Broadway, 27xl07.1x
27.4x107. Julia C, Rudolph A., Gustavus H.,
aud EdAvin J. Witthaus and Francis TilloAV
(Exrs. of G. H. Witthaus) to Frederick C. C.
Schack.   Feb. 4.........................60,000

S.A.ME property. Frederick C. C. Schack to Ju¬
lia Cath. Witthaus (widoAv). (C. a. G.) Feb¬
ruary 4..................................60,000

Greenwich st., w. s., lot 4 lands Ald'n, &c., N.
Y. John S. Giles and William Post (Exrs.)
and Margaret Post (AvidoAv) to Henry Smith
and Thomas R. McNeil.   Feb. 10........40,000

Houston at., s. s., SO av. Greene st.. 20x70.
Richard Brinckerhoff, Brooklyn, to Clara M.
Avife of Charles E. L. Brinkerhoff.   Feb. 3.nom.

John st. (No. 71). s. s., 72.6 e. William st., 23.11
x9l.9x24.2x91.1. Alexander W. Baton, Can-
andagua, N. Y., to John Mortimer, Jr. (C.
a. G-T  Feb. 2..........___.............nom,

J.4.Yst.(No. 13), 35x95.7....................

Franklin st., s. s,, 80 av. Washington st., 43.6

xl0i).3 (X Pirt-).........................

West st., e, s., 40 s. Franklin st., 60x81.5 (}£

part)............................  ,........J

Henry McVickar and Cosnio G. Forbes (Trusr
tees)"to Frances Clarkson.   Dec. 1, 1874 ..nom.

King st. (No. 38), s. s., 310.3 e. Varick st., 20x
100. Sarah C. Avife of EdAvard G. Buckenham
to Lewla Kenny,   Feb, 5.,..,,...,..,,,, 11,000