Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 81, no. 2085: February 29, 1908

Text version:

-374 RECORD ANB GUIDE February 29, 1908 Rent Payers and Property Owners Should be Interested in LAND TITLE REGiSTBATION! Prominent Lawyers, Real Estate Owners and Brokers have organized a Committee of One Hundred to inaugurate an educa¬ tional campaign on the subject of LAND TITLE REGISTRATION. We are distributing information and literature to those who are interested in Assembly Bill (>^^, introduced by Assem¬ blyman Geo. A. Greene, of Brooklyn, and Senator John G. Cohalon. All inquiries will receive prompt reply If addressed to KAtPH FOtltS, Secretary, 27 William Street, or A. W. GITXJERMAPf, 156 Broadway, Secretary Legislative Committee Eeal Estate Board of Brokers. CONXKIBUTIONS tor priming, advertising, etc.j should be sent to DAVID A, CLAKKSON, 09 Liberty Street, former Chairman ot Torrens Commisaion. OFFICERS Camillus G. Kidder. Chairman, 27 William Street, New York City. Cbarles H, Ayree, 1 Sidney V. Lowell, VVice-Chairmen. . J. Clarence Davies, J David A. Ciarkson. Treasurer. 69 Liberty Street. . Enlph Folks, Secretary, 27 wniiam Street. EXECUTIVE COMMIHEE OF THE LAND TITLE REGISTRATION COMMITTEE Ralph Folks, John M, Perry, A, N, Gitterman, Ezra P. Prentice. M. Joseph Harson, Alfred G, Reeves, Camillus G, Kidder. Thomas P. Ryac, - J Clai'eiice Davies. Sidney V. Lowell, . Edgar A. Tredwell, D A Doran "Willi.im D, Niper, Gustave W. Thompson, Charles H. Ayres. Alexander Bacon, Alfred J. Boullon, David A, Ciarkson. William W'aldorf Astor acquired title to the property on the nortli side of LiOth st, 542.6 east of Lenox av. This is a strip G ins. wide and 90.11 ft. deep. Reginald C. Vanderbilt took title from John H.. Meuse to the property on the southwest corner of Jerome av and lS3d st. inilxinO. This property is mortgaged for iS20,000, The New York Life Insurance Co. loatied to the City and Subur¬ ban Homes Co. $175,000 on the property, 106x204.4, In the north side of TSth st. 223 ft. east of Av A, for three years, at 5%. The Metropolitan Life Insurance Company loaned ' the 130 "West 57th Street Corporation .$475,000 for 2Vz years at 6% on the property at that address. An aparement house is going to be erected on the site. Du Bois & Taylor, for many years at the northwest corner of Amsterdam av and 14Sth st, have removed their office to 3555 Broadway. 14Gth st, where they will continue the man¬ agement of high-grade apartment houses, which they make a specialty of. Ashley M. Herron announces the. removal of his offiee from the St. James Building to the Marbridge Building, 47 West 34th st, northeast corner of Broadway. Mr, Herron gives spe¬ cial attention to the management, selling, leasing and apprais¬ ing of business property, A delegation of the Land Title Registration Committee will attend the public hearing in Albany next Wednesday. A special car wil! be attached to the 8.45 o'clock train. Those wishing to join the committee are asked to communicate with the chairman, Camillus G. Kidder, 27 William st. Tile title of the property S2G and S2S Broadway was trans¬ ferred by James C, Ewing to Amy H, du Puy. for a nominal consideration over a mortgage of .$050,000. This sale was re¬ ported last Aveek. The consideration was in the neighborhood of $1,000,000, Several Pittsburgh properties were given in ex¬ change. The Clynes Co,, of Bayonne, N. J., last week closed a contract with Jacob R, Schiff, lawyer, of No. 320 Broadway, Manhattan, for sixty-seven acres of meadow land near the entrance of the new tunnel on the west side, involving about .$30,000, They will develop the land at once and turn it into a desirable residential section, A proposal has been received by, W^illiam R, Willcox, chair¬ man of the Public Utilities Commission, from August Belmont to sell the Steinway tunnel to the city for $7,239,407, Mr. Willcox stated that the commission would give the matter im¬ mediate attention. The matter, however, will have to go to the Board of Estimate. New York-New Jersey Tunnel. It is impossible for anyone to correctly estimate the huge benefit to New Jersey real estate that will come directly from the opening of the tunnel which now connects that State with New York. Not only is there a saving in peraonal convenience to the passenger over the old mode of travel, the ferryboat, but also a great saving in time. Tlie system is only partially in operation. That section from Gth av and 19th st to the station at the terminal of the Lackawanna Railroad is completed. The line is to be extended to Oth av and 33d st. Stations are being built at 23d and 2Sth sts. Another section will connect Fulton and Cortlandt sts with Jersey City. A third section is a line running from Jersey City to Newarli, and the fourth section runs a]ong the Jersey shore of the Hudson for a distance ap¬ proximately a mile and a quarter, connecting the two Jersey t,erminals. This last section has stations at the Pennsylvania and Erie railroads and will handle much of their passenger traffic. There are many features in this tube. The station platforms are broad and should amply accommodate the service that will be demanded from them. The cars are comfortable, having seat divisions so that every third or fourth passenger really occupies a corner seat.. There are upright steel posts as well as straps for the accommodation of standers. There are cen¬ tre as well as en'd doors, operated by the guard on the car platform. The cars are amply lighted by electricity. It is hardly fair to criticize the service the flrst day. During the middle of the afternoon when traffic was ligiit excellent time was made. In the evening hours, however, things were con¬ gested and delays occurred which undoubtedly will in the course of time be eliminated. A NEW JERSEY DINNER. Tbe New Jersey-Mew York Real Estate Exchange is receiving a large number of membership applications. The next meeting of the Exchange is to be at its office, 141 Broadway, on Tuesday. -March 3. and it is expected that a considerable increase in tbe membership will follow the action of tbe meeting. At the annual meeting in January the constitution of the Exchange was amended so as to broaden the scope of the Ex¬ change and make it a merchants' amd manufacturers' asso¬ ciation by making it possible for New Jersey business men, outside of those engaged in real estate operations, to be elected to associate membership. As a consequence, the representative business men in every field of industry are taking advantage of the opportunity offered them to join the Exchange, Tbe special committee in charge of the "New Jersey Dinner," of which Mr. Joseph P. Day is chairman, have engaged the Manhattan Hotel for Saturday. April 11. for that occasion. This dinner is primarily jn commemoration of the opening of the McAdoo tunnel, and the guests of honor are expected to be Mr. W. G. McAdoo, president of the Hudson & Manhattan Rail¬ road Company; Mr, W. G. Oakman, president of tbe Hudson Companies, and Mr. Charles M. Jacobs, chief engineer. At the same time this dinner is intended to be an event that shall signalize the beginning of a new era in the development of New Jersey, and for tliat reason it Is to be designated "Tbe New Jersey Dinner," Invitations are to be restricted to prominent representatives in the professional and industrial walks of life of that State. An active campaign is to be inaugurated by the Exchange. President Otto Kempner bas appointed the following committee chairmen for the standing committees for 190S, and has re¬ quested them to proceed energetically with the committee work: Appraisals Committee, Joseph P. Day; Transportation Com¬ mittee, Frank Stevens; Law-. Legislation and Taxation Com¬ mittee, William Jeffery; Public Roads and Improvements Committee, Wm. A. Lambert; Floor and Records Committee. Stuard Hirschman; Arbitration Committee, James A, Romeyn; Stock and Bond Listing Committee, W. "W. Slocum; Publicity Committee. F, L. Vrooman. and Sociability Committee. P. M. Welles. Carlo Dalnioi-es Purchases Tenement. Carlo Brin Dalmores. a tenor under contract with Oscar Hammerstein and singing at the Manhattaii Opera House, took title to the 5-sty brick tenement 124 East 120th st. This bouse w-as sold to Mr. Dalmores by Giabattista Acciani, who acquired it from Max Borck on June 17, 1907. It is 25x100 and sub¬ ject to a mortgage of $18,000. The assessed valuation of the property Improved is $21,000. Mr, Dalmores has been in tbis country two winters. He has a contract calling for his ap¬ pearance for the ensuing three seasons. The recent purchase certainly proves that he has confidence in the permanency of Manhattan realty. It evidently appeals to him more than real estate in France, his native country. —D. C. Weeks & Son filed a lis pendens against the Tribune Building Association, to foreclose a mechanics' lien covering work on the enlarged Tribune Building on Nassau, Spruce and Frankfort sts. It is claimed by Eidlitz & Hulse, attorneys for the contracting firm, that a certain amount still remains un¬ paid, while the owmers of the building dispute this statement and make a counter claim for loss of rentals through delay. This in turn is disputed by the contractors.