Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 75, no. 1929: March 4, 1905

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March 4, 1905 RECORD AND GIJIDE 463 90% WASTE ^ Ninety per cent, of all Catalogues sent out are dropped at once into the Waste Paper Basket. ^ That is the present Method—extremely wasteful. 1" There is a New Modern Method—prevents the Waste— saves the life of the Catalogue—keeps it all the time right by the Customer's Elbow. T[ Will gladly tell you all about it. Ccsts you Nothing. INDEX DEPARTMENT, THE ARCHITECTURAL RECORD CO., 14-16 Vesey Street, New York; 120 Randolph Street, Chicago, III, Altman Building Plans Filed. 5th av.------Trowbridge & Livingston, 724 5th av, to-day filed their plans for the new Altman store in Fifth av. The chief point of interest is that the size of the plot to be occupied is given. The building will extend to No. 13 East .Mth st^ being wihin 145 ft. of Madison av, and to No. 10 East 35th st, within 1)5 ft of Madison av in that thoroughfare. It will be 8 stories in height and is estimated to cost $2,500,000. Marc Eidlitz & Son have the general contract. Ready for Delivery Next Week. The annual number of the Record and Guide Quarterly for the year 1904. containing the records of conveyances, mortgages, leases, auction sales, projected buildings and alterations; also a high-priced realty table, and a directory of real estate cor¬ porations, will be ready for delivery next week. The volume contains nearly eight hundred pages and has the records an¬ notated and arranged alphabetically and numerically. Price $20 a year. Published by the Record & Guide Co., 14 and 16 Vesey st. Hoffman House- Francis S. Kinney, of 19 West 54th street, president of the Hotel de Luxe Co,, with offices at 135 Broadway, has bought the older portion of the Hoffman House adjoining and surrounding the Alhemarle, which he also owns, Mr. ICinney, through his secretary, imnounces that he has no plans for a new holel for the site or for any alterations to the existing buildings. Tt will be recalled that the Hoffman estate, who owned this part of the Hoffman house, a year ago had plans drawn by Messrs, Barney and Chapman for a fine new structure to cover this plot. However, Mr. Kinney says these plans have been flnally abandoned. In 1899, be built on the northwest corner of Madison avenue and 56th street a 12-sty hotel from the plans of Howard, Caldwell and Morgan, who were then associated at No, 10 East 23d street. This portion of the Hoffman House fronts about 50 feet in Broadway between 24th and 25th streets, with a wing in 24th street having a frontage of 48 feet in that street. This latter is the famous "Hoffman House Cafe." Tbe Alberraarle occupies the corner plot and is not connected with the Hoffman House. A New Con-pany. The Hydrex Felt and Engineering Company affords the latest example of the tendency of the times toward specialization. This company, which has just commenced business at 120 Liberty street. New Tork City, devotes its energies exclusively to the subject of waterproofing. This is a branch of engineering which lias hitherto been comparatively neglected, but with the great activity in tunnel building and in structural work requiring deep foundations, and with the growing tendency of the en¬ gineer to burrow underground, and also to keep the water from his superstructures, the importance of the subject now warrants the attention of specialists. This is the first company wbich, besides offering waterproflng material, also draws up plans and specifications and attends to the engineering details of this class of work. The manager of the new company is Edward W. De Knight, who has taken a prominent part in preparing the plans for waterproflng a number of large engineering enterprises^ Tfte new company is an off-shoot of the old-established concern of F. W, Bird & Son, East Walpole. Mass. The Hydrex Felt and Engineering Company starts business under favorable auspices, as "hydrex" felt has been specifled for the Pennsylvania tunnel under New York City, the B. & O. Pennsylvania improvements at Washington and other important projects. Owl's Head Park. Of.the three-million park appropriation made by the Board of Estimate last week, $900,000 goes to Brooklyn, and will be spent on two parks, one of them Owl's Head, this being of the greatest importance and beneflt to the Bay Ridge section. The cost of Owl's Head Park, overlooking tbe bay, is estimated by ■ Chief Engineer Lewis, of the Board of Estimate, at $1,600,000, but Borough President Littleton informed the Board that the land could be bought from the E. W. Bliss estate, the present owners, for $625,000, as the portion under water owned by and adjoining the estate is not needed by the city. The residents of Bay Ridge, who for years have been agitating the purchase of this beautiful spot for park purposes, are congratulating them¬ selves upon their success. Increase of Capital. At a special meeting of the stockholders of The Title Insurance Company of New York held on Tuesday, February 28, 1905, it was voted to increase the capital stock of the- company from ten thousand shares of the par value of one hundred dollars each to twenty thousand shares of the par value of one hundred dollars each, and It was also voted to offer the stock to stock¬ holders of record on March 8, 1905, share for share, at one hun¬ dred and flfty dollars per share. The Fort Hamilton Reservation. The enlargement of tbe military reservation at Fort Hamilton, as planned by Colonel G. G. Greenough, the commandant, and fathered in Congress by Congressman Edward M, Bassett, has called Borough President Littleton to Washington to consult with the War Department and safe guard tbe interests of the city. It is proposed to make 92d st the interior land boundary for the extreme length of the reservation, instead of as it is at present only for a short distance and then 117th st. The military authorities are said to be quite willing to throw open to the public, as a park, the reservation, except a certain section, in which are located the largest batteries. The Borough President with Mr. Bassett will try to obtain for the public a driveway through the entire reservation, to connect with Cropsey av, Bath Beach. Brooklyn Block Turned Over to tlie City. On March 1st, in condemnation proceedings, tbe City of New York took possession of the triangular block at the southeast corner of Ashe-st and Manhattan av, Greenpoint, to be used as a part of tbe Brooklyn approach to the high level roller lift bridge over Newtown Creek. Tbe. work of tearing down 'be buildings, raising the grade and the building of retaining wails for the southern approach will be started at once. The creosoted timber is being carried across the creek, to be used for the plank roadway for the Long Island City movable arm of the bridge. The Chelsea Jute iMiils will extend their vaults up to the new ground. It is expected that the bridge will be ready for trafRc by Juiy 1st, 1905. Four Hundred Lots At Bayside. The Bay Side Land Association has conveyed to a syndicate of Manhattan capitalists a tract of land consisting of 411 lots, located south of Broadway and west of Bell av, in the heart oi Bay Side. The new purchasers, it Is announced, will at once commence the erection of houses. The purchase price is re¬ ported to be $25,000. The public auction, as a method of disposing of real estate, is giving some strong proofs of its effectiveness. The sale by Bryan L. Kenneiiy of 7 Pine st, on Wednesday was a proof of this. Mr. Bauerdorf, (of Deyo. Duer & Bauerdorf), of 115 Broadway, tbe attorney, expresses himself as well pleased witb the result, as the prices obtained were more than expected. Thirty-one parcels, al! improved, as advertised in last week's Record and Guide, were sold.