April 4, 18»6
Record and Guide.
&71
of No. 513 West 24th street, expiring May 1. 1908. On the
Sth lnst they will offer No. 201 West 54th street, a flve-story
and basement apartment house, containing elevator, steam
plant, etc, and located on the northwest corner of 54th street
and 7th avenue, and four lots on the southeast corner of 12th
avenue and 131st street. For further particulars, readers are
referred to the offlcial announcements in our advertising pages
or to the auctioneers, at Nos. 71 and 73 Liberty street.
William Kennelly will sell at auction the valuable pier and
warehouse property, described last week in this column, on
Tuesday next, the 7th Inst., in the Reai Estate Salesroom, No.
Ill Broadway. These consist of an undivided half of Pier No.
35, and 109.69 feet of bulkhead with rights in perpetuity for
pier, dockage, wharfage and shlppage; Nos. 206, 207, 208, 209
and 210 South street, running through to and being Nos. 401,
403, 405 and 407 Water street. The latter consist of three four-
and-a-half and flve-story brick warehouses on plot 110.6xl45.6x
110x145. The location is between Catharine and Market streets.
The exceptional attractions of this property hardly need point¬
ing out. They arise not only from its being in the busiest part
of the East River, but also because the improvements the city
will make on the dock fronts of the whole of Manhattan Island
are sure to beneflt this class of real estate. The sale Is by order
of the Supreme Court in partition. The auctioneer's office is at
No. Ill Broadway, where maps, etc., can be obtained.
BROOKLTN ANNOtJNCBMENT.
Jas. L. Brumley calls attention to the important auction sale
of lots, which he will conduct on Wednesday next, the 8th inst,
in the Real Estate Exchange, Nos. 189-191 Montague street.
There will be offered on this occasion no less than 118 lots, the
location of which will be found in our advertising columns.
They are, however, so distributed that the sale should Interest
a great many builders and others who are looking for advan¬
tageously situated unimproved property. Maps can be had at
the auctioneer's office, in the Real Estate Exchange.
FINE OFFICES TO LET,
Large and small offlces, "en suite" or single, in the modern
fireproof Williamsburgh City Fire Insurance Co.'s building.
No. 150 Broadway, corner of Liberty street, are for rent by Mr.
O. G. Bennet, agent on the premises. Rapid running elevators
to the sidewalk, mall chutes, lighting, heating and janitor's
service are included in moderate rents.
Gossip of the Week.
SOUTH OF SQTH STREET.
Potter & Bro. have sold for the Niagara Fire Insurance Co.,
the six-story offlce building, Nos. 135 and 137 Broadway, north¬
west corner of Cedar street, to Henry J. Braker for over Sl.OOO,-
000. The property, we learn, was recently offered at a million
and the presumption is that a higher price means a trade to
some extent. The piot, which is covered by the building,
has a frontage of 40.3 feet on Broadway, 153 feet on Cedar
street, and runs through to Temple street, on which it fronts
33.4. The northerly line is slightly irregular. The insurance
company purchased the property in two parcels in 1887 for
$750,000, and afterward expended $60,000 on an additional
story or two to the building. It has always been looked upon
as one of the most valuable of the corner parcels fronting on
lower Broadway, and will doubtless be utilized in time as a
site for a modern building of the favorite "sky-scraper design.
The property of the Protestant Episcopal Church of the Holy
Trinity, on the northeast corner of Madison avenue and 42d
street, has actually been sold at last. The price agreed upon
is $750,000, and the consummation of the purchase dependent
on the removal, through the courts, of a restriction against
buildings other than residences or those required for religious
purposes. The property has been bought on speculation, and
comprises the church and rectory fronting on Madison avenue,
with a parish house located on a 40-foot lot that fronts on 43d
street 100 feet east of the avenue. The plot is in the form of a
lop-sided T, has a frontage of 113.5 on the avenue, 147.3 on 42d
street, an easterly line of 110 feet and the additional lot, 40x
100.5 and 84.5 extending to 43d street It contains 20,973 square
feet, and has sold at the rate of $35.76 per foot
W. K. Aston has purchased from the United States National
Bank the nine-story office and bank building, 30.6xl24.11x40.1x
116.9, Nos. 41 and 43 Wall street. The property was bought in
August, 1889, for $475,000. At that time there was a flve-story
building on the lot, for which there has since been substituted
the present modern structure. As it now stands the property
represents a total investment by the bank of about $580,000,
The parties to the sale all claim to have been pledged not to
disclose any information regarding the terms, but from the
best information obtainable, we judge that the price which Mr,
Aston win pay Is $825,000, or one very close to that amount.
This despite the published statements that the consideration
agreed to Is about $1,000,000. The plot contains 4,264^quare
feet, and at $825,000, the rate would be $193.48 per foot, a high
one even for Wail street. Th* buyer owns the property Nos.
45 and 47 Exchange place, adjoining in the rear, and -will at
some time in the future demolish the existing building and erect
in its stead an addition to his Wall street purchase.
Hoffman Bros, have sold conjointly with J. N. Kalley & Son
the seven-story brick mercantile building, 25x95, No. 69 West
Houston street, for Warren E. Dennis to Superintendent ot
Buildings Wesley C. Bush, of Brooklyn.
Hoffman Bros, have also sold the five-story building, 30x
119.1x30x118.6, Nos. 95 and 97 Liberty street, for the New Tork
Realty Co. (Flake & DowUng) to a builder, who will erect a
twelve-story building on the lot in accordance with plans re¬
cently filed. The sellers bought the property at the partition
sale of the Lazarus estate on February 25, for $125,500, a price
beyond the expectations of the heirs, and have resold it at a
large advance. The transaction, it is understood, involves no
cash payment, or at best a very small one, and provides for
the advancement of a $100,000 building loan.
The same brokers announce a week late that they sold for
Joseph L. Buttenwieser the seven-story store and loft build¬
ing, 25x100, No. 231 Mercer street. Warren E. Dennis is the
buyer. The property should have been Included in the state¬
ment of last week referring to a trade of No. 98 Liberty street for
No. 39 Great Jones street The latter and the Mercer street
parcel will both be transferred by Mr. Buttenwieser in ex¬
change for the Liberty street corner.
Mr. Buttenwieser has bought of the trustees of the Seventh
Day Baptist Church the old dwelling, with lot 25x90.10, No. 80
7th street, and will replace the present building with a flve-
story brick tenement.
Henry Wise has sold for Mrs, Flora Marks the flve-story
front and rear tenements, with plot 54x98.5, Nos. 22 and 24
Mulberry street, to Mrs. G. Pelrano for $54,000.
A report was current late yesterday afternoon that E. A.
Cruikshank & Co. had sold for Mandelbaum & Lewine the flve-
story store and offlce building, 10.7x100x10.2x100, No. 290
Broadway, northeast corner of Reade street, to R. G. Dun at an
advance on the price at which they recently bought the prop¬
erty from the Gemmel estate. Mr. Dun owns the adjoining
Broadway property.
Mrs. Eleanor Robinson has bought of Robert I. Brown as
trustee the old building, with lot 24.8x95, No. 346 Oth avenue,
between 21st and 22d streets, for $100,000. The buyer will give
flrst and second mortgages covering the greater part of the
consideration and has agreed to erect on the lot a modern
building when existing leases expire on May 1, 1897. The price
gives a new rating for property on the east side of 6th avenue.
C. >^.. A Broslen has s..i I for Herman Ottenberg the two flve-
story tenements, with plot 53.4x98.9, Nos. 229 and 231 Bast
25th street, to WilUam Engel, and for Jacob Dieter the five-
story tenement. No. 100 7th street, to Michael Bissert.
Golding & Whitehouse have sold for Mrs. M. D. Stanton her
four-story residence, 25x65x100.5, No. 24 West 52d street, to
H. H. Landon for $75,000.
John R. Foley has sold for William Noble the flve-story stone
front building. No. 3 Park row, with L, No. 3 Ann street, to
the National Life Insurance Co., of Hartford, Conn. Mr. Noble
secured the property about a year ago in a trade for the Hotel
Empire, and will part with it by means of another trade, the
consideration agreed upon being the value of property in Chi¬
cago, in addition to a good round sum in cash.
C. H. Diamond & Co. have sold for S. M. & S. Rosenblatt the
old tenements, with lot 23x100, No. 174 Wooster street. The
only information obtained about the buyer is that he will erect
a seven-story brick warehouse.
Fairchild & Yoran have sold for WUliam McBride the three-
story stone front dwelling, with lot 20x100.5, No. 434 West Slst
street, to W. G. Hildebrand.
The Park Row Building Company was incorporated at Albany
on Thursday, with a capital stock of $2,000,000, to carry on a
general real estate business in this city, or in other words to
conduct the big operation involving the transfer and rebuild¬
ing of Nos. 13 to 21 Park row. The directors are: G. F. Brown
and J. E. Fryer, of New York city, and P. J. Burger, A. J.
White, and W. M. Ivins of Brooklyn.
The Commissioners of Estimate appointed for the condemna¬
tion of the northeast corner of Madison avenue and 25th street,
as a site for a new court-house for the Appellate Division of
the Supreme Court, have flled their report. The property con¬
sists of a corner, 30x100, and two lots adjoining in the rear
on 25th street, together 50x100, belonging to Henry C. Miner,
and the house and lot, 19.4M>xl00, adjoining on Madison ave¬
nue, belonging to Dr. Edward H. Peaslee. Por Mr. Miner's
property, which contains 8,000 square feet, the award was
$283,000, for Dr, Peaslees' parcel, the award was $87,500.
NORTH OF 59TH STREET.
Potter & Bro. have sold a piot, 75x100.11, on the north side
of 113th street, 100 feet east ot Lenox avenue, to Frederick
Brandt for Improvement.
George C. Edgar's Sons have bought of Walter Smith and
others a plot, 250x100.11, on the south side of 114th street, 75
teet west of Lenox avenue, and will give in trade the property
at Monmouth Beach, N. J., acquired by them a year or so ago
as consideration for two west side houses. The city lots were
recently purchased by the sellers, who have not yet taken title.
Bryan L. Kennelly has sold for William J. Barker at $7,500
a lot, 25x100.11, on the south side of 135th street, 310.11 west