470
BROOKLYN'S OLDEST
Real Estate Office
FIRM ESTABUSHED 1S43
' T
Cfje Ci)aunccj'
aaeal estate Co.
187 MONTAGUE ST.
BOBO OF BROOKLTN. NEW TOBK OTT
Telephones: Main 4300, 4301, 4302
Appraisers Auctioneers
AGENTS and GENERAL
Eeal Csitate profeerg
Members:
Brooklyn Board of Real Estate Brokcra
Real Estate Board of New York
Members Brooklyn Board of R, £. Brokers
ESTABUSHED 1882
David Porter, inc
Real Estate Agents
Brokers, Appraisers
APPRAISERS FOR
The United States Government
Tbe State of New York
The City of New York
The Equitable Life Assurance Society
Equitable Trust Co.
Tbe U. S. Title Guaranty Co., etc, etc
Brooklytt Chamber of Cominare« Balldlii#
32 COURT STREET
Telepbotie: Main 828 BBOOKLTN, N. T.
JOHN F. DOYLE & S0N5
REAL ESTATE AGENTS
BROKERS and APPRAISERS
74 Wall Street, New York City
Management of Estates a Specialty
Member ot Boftrd of Brokwa
Jobn F. Dcvle John F. Doyle. 3V. Alft«41*. Davta
The Leading Agency
Firm Establislie-d 1S74
Corwith Bros.
Greenpomt and Long Island Clij
Real Estate
FACTORY SITES
A SPECIALTY
Mortgage Loans, Appraisals, Insurance
Entire Management of Properly
851 Manhattan Avenue* Brooklyn
Corn Erch. Bank Bldg., Bridsre Plaza* L, L C,
Teh Befiford 6900
Member Brool:lyn Board ef Broken
Chas^ L^ Gilbert
REAL ESTATE BROKER
APPRAISER
Renting, Collecting, Insurance
WATER FRONTS
FACTORY SITES
Efficient management
of Brooklyn Real Estate
753 NfwtTBnd Ave, BROOKLYN
tt 6t. Jstia'i PU'^
NEW YORK
RECORD AND GUIDE
activity recently indulged in by insurance
interests. To the west is the block recently
acquired for the central Federal Reserve
Eank Building. It fronts 101.4 feet on Mai¬
den lane and has a depth of 89,2 feet. Most
of the site has been in possession of the
"W'endel family for nearly a century. The
lease gives the right of renewal on the same
terms.
$700,000 Candy Store Lease.
M. & 'Li. Hess Inc., have leased for David
A. .Schulte, Inc», a large store and base¬
ment at the northeast corner of Broaaway
and i^rd street (Hotel Wallack), being about
20x100 with an L 11x40, to the "Mirror,"
Inc., M. L. Morgenthau, president. Exten¬
sive alterations are planned and the prem¬
ises made ready for occupancy for the "Mir¬
ror" the earlv pail of next spring. The lease
is for a term of twenty-one years at a ren-
tal asgreg'ating $700,000.
(
Lessee Will Guild,
J. K. Moore has leased for a client of H3r-
ace S. Ely & Co. the property, S and 10 Lib¬
erty place, for a term of twenty-one years,
with renewal, to John Matthey & Co. of Lon¬
don, England, dealei^ in platinum, who will
construct a building for their own occu¬
pancy.
Big Fifth Avenue Lease.
F. W. Sharp and Henry Shapiro & Co.
leased for the estate of John J", Gibbons for
twenty years from May 1, 1920. to the Goody
Shops, the larg'e store, basement and first
loft, comprising 15,000 square feet, at 282
and 284 Fifth avenue, noilhwest corner of
SOth street, at an aggregate rental of $700.-
000. This property has been occupied by Gil¬
man CoUamore & Co.» dealers in line chins,
for the past twenty years.
Brown Buys Hotel Majestic
The Hotel Majestic, Central Park "West
and Seventy-second street, has been pur¬
chased by Frederick Brown. The transac¬
tion was the biggest single deal ever under¬
taken a't one time by Mr, Brown in his spec¬
ulative operations in real estate covering a
number of years. It is reported that Mr.
Brown paid nearly $3,000,000 for the prop¬
erty. The sellers were the Bothschild Heal¬
ty Company, and F. V, D. Shaw was the
broker. The change of ownership, it was
said, would not affect the management of
the Majestic, which, since 1915, has been in
the hands of Copeland Townsend and George
G. Brown, under a long term lease. Eleven
stories high, the Majestic covers a plot front¬
ing 204.4 feet on Central Park West and 150
Large Apartments Change Hands,
Paterno Brothers, Inc., Joseph Paterno,
president, have sold to an investor, a client
of Feinberg & Reis, Inc., four big struc¬
tures in the vicinity of Riverside Drive and
116th street. The sale involves a quartet of
apartments erected bi'' the Paterno Brothers
about eight years ago at thLs point, Earle
& CaUioun represented the sellers in the
transaction. The sale includes the Coliseum
at 435 Riverside Drive, at the south corner
of 116th street, a twelve story apartment,
with a curved front; the Aqua Vista and the^
Monte Vista, at 460 and 464 Riverside ^
Drive, respectively, two twelve story hous"
es, and the Sophomore, a ten story apart-
jyient at 21 Claremont avenue, abutting Riv¬
erside Drive. Feinberg & Reis. Inc.. will
have charge of the houses for the new own^
er. The Coliseum has a combined front¬
age of about 140 feet, formed by the curve
of Riverside Drive and 116th street. Its
southerly and easterly dimensions are 103.1
and 66 feet, respectively. The Aqua Vista
and Monte Vista apartments are on a plot
62.6x100. located just south of ll^th street.
The Sophomore is on a plot 85x100.
Reduced 'Phone Rates Now Effective
New York telephone subscribers will pay
8 per cent less than they have been paying
for local calls beginning Oct. L Five cents
for five minutes will be the charge between
anv two boroughs in the greater city.
The new mtes, which follow a recent de¬
cision of the Public Service Commission, are
calculated to bring about an annual aggregate
sav:.ng of $2,500,000.
The New York Telephone Company has
Issued the following statement, explaining
the new rates:
'The reduction does not apply to public
pay station charges, service connection
charges to new subscribers, charges for pri¬
vate lines not connected with the company's
general central office system, minor rentals
of plant not a part of the general exchange
system, or to any toll charges, i, e.. local
calls, including those between boroughs and
long distance tolls,
"Other classes of serviice not affected in¬
cluded leased toll lines extension and tie lines
extending outside of the local service area
and minor operating service not a part of
the company's local exchange telephone ser¬
vice.
November 8» igiQ
"There is a general reduction in addition
to the reductions stated above in the charge
for toll calls between boroughs affecting all
subscribers, not in the form of a discount,
but so arranged that on and after October 1
the maximum charge for a toll call to a
point within the city from a subscrrber's
station will be five cents for the regular five
minute period."
BROKERS
LOUIS GOLD
44 Court St., Brooklyn, N- Y.
Will erect buildings conlamlng
anywhere from 10,000 to HKMHM)
square feet of manufacturing space
f4»r any responsible prospective
lessee.
OR
WUl buUd and wU the mmtMre for a moM M4fc
eonildcTafion, lakinu a mortiraire. lo bo wnorUi^
Of«r M pureed iwrlod. for ihe ImJ»»o* Tb« plftA
wUl matit It portlble for Uie clleoi to mlu« t««Ul
OT^rbeod lo >pproxlmmt<Jy oiM-t*lf pwMat ••^
FACTORY BUILDINGS
•f
REINFORCED CONCRETE
snd
MILL CONSTRUCTION
Anywhere In
GREATER NEW YORK
Phone Main 7050 for Appointment
LONG ISLAND CITY'
INDUSTRIAL
PROPERTIES
ROWAN-CALLWAN COMPANY
BRIDGE PLAZA BUILDING
Phone; Astoria 725
—LONG ISLAND CITY.—.
FREDERICK BROWN
Real Estate
Operator
217 BROAD WA Y
Telephone Barclay 4932
Moses & Moses
HARLEM AND COLORED
TENEMENT PROPERTIES
ALSO
CITY AND SUBURBAN
REAL ESTATE
409 Lenox Avenue
Telephone Morn. 3191