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March 6, 1915
RECORD AJVD GUIDE
three unimproved city blocks may fore¬
shadow the opening of a large vacant
area for improvement. There was con¬
siderable activity in tlie West Bronx.
No greater testimonial to the stability
and fundamental soundness of well-
located Manhattan real estate could pos¬
sibly have been tendered than the re¬
cording of the $1,2U0,0U0 building loan
by the Metropolitan Life Insurance
Company to cover the cost of the new
building to be erected on the vacant plot
at the northeast corner of Fifth avenue
and 37th street, a week after the same
company had agreed to finance for $1,-
9U0,U00 a new Madison Square mercan¬
tile building. The signiticance of the
release of millions of dollars into new
building operations from this source
alone, should not be overlooked or re¬
garded other than in a most encouraging
The total number of sales reported
and not recorded in Manhattan this week
was 26 as against 21 last week and 25
a year ago.
The number of sales south of 59th
street was 13, as compared with 7 last
week and 8 a year ago.
The sales north ot 59th street aggre¬
gated 13, as compared with 14 last week
and 17 a year ago.
The total number of conveyances in
Manhattan was 182, as against 92 last
week, 26 having stated considerations
totaling $3,024,200. Mortgages recorded
this week number 106, involving $4,264,-
538, as against 52 last week, totaling
From the Bronx 23 sales at private
contract were recorded as against 20
last week and 9 a year ago.
The amount involved in Manhattan
and Bronx auction sales this week was
$1,525,037, compared with $856,559 last
week, making a total for the year of
$8,573,603. The figures for the corre¬
sponding week last year were $525,175
and the total from January 1, 1914, to
March 7, 1914, was P,879,2S7.
End of Wallack's Theatre.
The Gresham Realty Company, Bing
& Bing, has concluded negotiations for
the sale, to the Fabian Construction
Company, Moses Crystal, president, of
the plot 70 X 98.9, at 29-33 West 31st
street, the easterly portion of the site
now occupied by Wallack's Theatre, and
occupied with part of the stage and the
dressing rooms. It is reported that a
twelve-story store and loft building is
contemplated. In exchange, the buyer
gave the twelve-story loft building 122-
126 West 26th street, on plot 67 x 98.9.
Bing & Bing acquire the theatre prop¬
erty in an exchange for a West Side
apartment house. The present deal,
with the proposed building operation,
involves about $1,000,000. The brokers
were Heil & Stern.
Lower Fifth Avenue Sale.
A new corporaiiun, me ivxcrchants'
Central liuumng company, capnaiizeu at
$zou,uuU, auu wiin a unccLuraie oi nu-
gene h.. Aaaius, James /\. Corcoran and
Joiiii A. i^iarKe, nus acquired iroin tne
4UU West oist :Dtreet company, 141-1-1/
I'Uth avenue, two eleven anu tweive-
story mcrcautue Duuuings, on plot ^4 x
VU, at the souLiieast corner oi ^ist street.
ine seaers acquired tne property auouL
a year ago in an exchange wun me Mc-
Lreauy estate ana nave held it at ^fl,-
Three Bronx Blocks Sold.
A syndicate consisting of the Alliance
Realty Company, William H. Chese¬
brough and Daniel B. Freedman, has pur¬
chased from the trustees of Henry
Maillard, of Paris, about ninety-five lots
on Grand Boulevard and Concourse,
McClellan street, Gerard and Walton
avenues, and East 166th street, compris¬
ing practically three entire blocks be¬
tween 165th and 167th streets. The
property has been in the family of the
seller since 1864. The tract is along the
line of the proposed Jerome avenue sub¬
way and is in a district which has ex¬
perienced considerable recent building
"Chatsworth" in $2,000,000 Trade.
John S. Melcher sold the twelve-story
"Chatsworth" apartment house, in West
72d street, facing the plaza at the south¬
erly entrance to Riverside Park, to the
59th Street Realty Company, Albert I.
Sire, president, and William F. Don¬
nelly, treasurer, which gave in part pay¬
ment the twelve-story mercantile build¬
ing, 153-159 West 27th street, on plot
100 X 100, now rented at $50,000 per an¬
num. The brokers were John H. Berry
& Co., and De Selding Brothers; they
have also negotiated a net lease of the
27th street building for ten years. The
considerations involved, including the
lease, aggregate about $2,000,000. Titles
passed to the new owners on Monday.
New Owners for "El Dorado."
Marking ine fourth conveyance in
two years, tine to tne eignt-SLury apart¬
ment house, "Ll JJorauo," on Ccuiral
I'ark Vv est, from i/UtU to 9lst streets,
passed this week Irom the Secured
noiding Company to the Ll Uorado
Holding Company, said to represent
i'ennsyivania capital, ihe property was
transierred suuject to a mortgage ot
$9iU,UUU. Max Kaymond holds tne Duild-
ing under lease lor hve years at an an¬
nual rental ot about $bl,OUU.
Banker to Build Home.
Harris Fahnestock, of the banking
firm of Fahnestock & Company, has
bought from the United ijtates Irust
Company, trustees of the Costello es¬
tate, U-l5 Last b6th street, two four-
story dwellings, on plot 41 x 105. Plans
are being prepared by Frank V. Hoppin
for a new residence to be ocupied by
Mr. Fahnestock. The property is as¬
sessed at $107,000.
Loft Building for Westerners.
The Cleveland Holding Company,
Maurice M. Robinson, president, said to
represent a syndicate ot Cleveland, Uhio,
investors, bought from Frederick Brown
the twelve-story loft building, 40-42
West 27th street, on plot 45.9 x lOO. In
part payment, the seller took a tract of
o,0U0 lots known as the Shanmont es¬
tate, adjoining Belle Terre, Long Island.
The deal invoved about $500,000.
Builder Sells Loft Building,
The George Backer Construction Com¬
pany has sold the new twelve-story mer¬
cantile building, 31-37 East 31st street,
on plot 85.8 X 98.9. It is tenanted by
manufacturers of women's wearing ap¬
parel. The transaction is reported to be
a cash deal involving about $700,000.
Buying on Jerome Avenue.
William H. Chesebrough purchased
from the estate of William F. Have¬
meyer its interest in the property of
the Jerome Barnard Associates, consist¬
ing of twenty-seven unimproved lots
facing St. James Park, with frontages
on Jerome avenue of 268 feet north of
192d street and 386 feet south of that
Nathan Greene, of Massachusetts, has
purchased from the Rossmore Holding
Company, "Watts Court," a seven-story
elevator apartment house, at 161-169
West 140th street, on plot 126 x 99.11.
In part payment he gav^ the Breezy
Point Hotel, in Woodsville, New Hamp¬
shire, and a summer home at Hancock
Builders in Bronx Trade.
William Goldstone sold the block
front on the west side of Leggett ave¬
nue, between Beck and Fox streets, 250
X no, to Silverberg and Shiran, builders,
who gave in exchange, the two five-story
apartment houses at the southeast cor¬
ner of Tinton avenue and 150th street,
on plot 75 X 100, recently built by them.
Manhattan—South of 59th St.
BARROW ST.—John Wattenberg bought from
the estate of Josephine A. Habirshaw the 3-sty
dwelling 51 Barrow st.
COLUMBIA ST.—Moses Bard resold to the
Congregation Agudas Chawerim Anshe Marmo-
ros, 65 Columbia st, a 3-sty hall, on plot 25xUH>.
MERCER ST.—John R- Davidson sold for
thc 190th St. Holding Co. the 6-sty loft building,
2;!7 Mercer st, on lot 25x100. The buyer ga\e
in part payment a residence at Long Branch,
2.">TH ST.—D. H. Jackson Co. bought from
the Katherine E. Fitzpatrick estate, the 4-sty
dweUing, 242 West 25th st. on lot 15x80. Tlie
brokers were William A. White & Sons.
Business Eatabllahed 1853
Horace S. Ely &
This company acts as agent for
Tnistees, Executors and Owners in
taking entire charge of Real Estate.
Acts as Broker in the sale and leas¬
ing of Real Estate.
21 LIBERTY STREET
489 FIFTH AVENUE
JOHN F. DOYLE & SONS
REAL ESTATE AGENTS
BROKERS and APPRAISERS
45 William Street New York City
Management of Estates a Specialty
Member of Board of Brokers
John F.Doyle John F. Doyle. Jr. Alfred L. Doyle
JOHN C. R. ECKERSON
Successor to THOMAS & ECKERSON
Manager of Estates, Broker, Appraiser
35 WEST 30th STREET, NEW YORK
Wallack's Theatre Building
E. DE FOREST SIMMONS
Tel., 837-838 Plaza 2 EAST SSth STREET
CHAS. S. KOHLER
REAL ESTATE and INSURANCE
Broker and Manager of Estates
901 COLUMBUS AVE., cor. 104th St.
Highest References Tel., 5504 Riverside
FRED^K FOX & CO.
Business Building Brokers
14 W. 40th STREET and 793 BROADWAY
O. D. & H. V. DIKE
CANDLER BUILDING. 220 WEST 42D ST.
THOMAS J. O'REILLY
Real Estate Broker, Appraiser and Agent
BROADWAY AND 109th STREET
New York Representative of
Caughy. Hearn and Carter, Baltimore and
Sulflow & Mass Co., Minneapolis, Minn.
HAROLD W. BUCHANAN
Mortgage Loans and Real Estate
49 WALL STREET