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Real estate record and builders' guide: [v. 93, no. 2412: Articles]: June 6, 1914

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June 6, 1914 RECORD AND GUIDE 1009 The association numbers among its members tax officials of practically all the States and of the Provinces of Can¬ ada, as well as economists from the lead¬ ing universities in both countries. Its volumes are widely circulated through the State, university and local libraries, and are frequently consulted and quoted in public discussions. The annual con¬ ference is attended by delegates appoint¬ ed by the Governors of States, Premiers of Canadian provinces, presidents of uni¬ versities and associations of accountants. The next conference will be held at Denver, September 8-11. Professor Se¬ ligman of this city will preside. There will be eight sessions in all—one devoted to the Federal income tax, one to the single tax and one to the subject of effi¬ ciency in taxation. Among the speakers will be Dr. .-Vllen of the New York Bu¬ reau of Municipal Research, Congress¬ man Hull, Dr. J. L. Coulter of the Fed¬ eral Census Bureau, Prof. .\. B. Clark of Manitoba University, G. J. Knapp of Pueblo, Col; F. J. Dixon of Winnipeg, F. C. Wade of ^'ancouver, A. C. Rearick of New York, Edmund F. Trahue of Louisville, W. Hastings Lyon, counsel to committee of the .American Bankers' -Association. jniiiiinHimraiiniiiniiiiniuninimunfflnuiimiuiiapjiiniuii^niiiiiitLiiiroiuii^iMiiiiiiiMMiiiiuiniiiiniiuiiiuwjMjuiimuin^ PRIVATE REALTY SALES. ""INI""'....."".......".....i'"illl1l»IIIIIILiliimnniliriiliili;iliiiinlg|rni|iiir|i.......'ii||||tlilllll[fni|imilllllliniinilllllll UIIIIII llUIIUUUIIiUUnUiiUUlU UIIUUUUIl Last week the real estate situation showed signs of improvement, not only on account of a noticeable increase in the volume of business transacted, but on account of the class of buyers. Con¬ siderable surprise was manifested in real estate circles that this season of the year was productive of more than the usual trading. Last week's budget of sales apparently was not a flash in the pan, for the market continued to be active and to attract the numerous in¬ vestors, whose presence indicate confi¬ dence in local real estate holdings, and as a consequence strengthened condi¬ tions. There were a number of important deals consummated this week, involving properties held at several millions of dollars. High-class West Side apart¬ ment houses still hold the center of in¬ terest. Another out-of-town investor, from Pittsburgh, figured in a million dollar deal whereby he became the owner of a valuable multi-family structure at West End avenue and 78th street. Dr. Charles L. Paterno disposed of a simi¬ lar structure in West 109th street, ob¬ taining in trade a Broadway corner which is to be improved with an apart¬ ment house. The boroughs of Queens and Brooklyn contributed largely to the business. A number of large leases were closed, the most prominent involving apartment houses in West 43d street, which are to be modernized, the Hotel Wellington, and mercantile buildings in Perry street. The total number of sales reported and not recorded in Manhattan this week was 33, as against 39 last week and 19 a year ago. The number of sales south of S9th street was 3, as compared with 11 last week and 5 a year ago. The sales north of S9th street aggre¬ gated 30, as compared with 28 last week and 22 a year ago. The total number of conveyances in Manhattan was 171, as against ISS last week, 21 having stated considerations totaling $1,331,800. Mortgages recorded this week number 83, involving $4,513,- 550, as against 82 last week, aggregating $1,890,232. From the Bronx 14 sales at private contract were recorded, as against 9 last week and 9 a year ago. The amount involved in Manhattan and Bronx auction sales this week was $989,442, compared with $529,959 last week making a total since Tanuary 1 of $19,861,463. The figures for the corre¬ sponding week last year were $912,661, and the total from January 1, 1913, to June 7, 1913, was $25,161,690. Squadron A Buys Rockland Farm. The Verdin homestead and 123 acres of land, near New City, the county seat of Rockland, have been purchased by Squadron A, a leading organization of the New York National Guard. The farm which is 28 miles from the Man¬ hattan .Armory is ideally located for the purposes of the buyers. For more than two generations the Verdin homestead has been one of the exhibition places of Rockland county. It was selected by a committee of the squadron after hundreds of places had been inspected in the last five years. The large residence on the place is in a beautiful grove of pine and spruce trees and dates back to Revolutionary days. The stone walls are twenty-two inches thick. .\Uhough many buildings are available for immediate use, extensive improvements and additional structures are contemplated. The sale was made through Dudley P. Power. Dr. Paterno Trades Apartment House. Max Marx has sold through David Stewart, to Dr. Charles \'. Paterno, the plot of about six lots at the northwest corner of Broadway and 48th st. measur¬ ing 102.5x133.5x140.7x102.2, for which the buyer gave in exchange the Prince Mon¬ aco apartments, at 227 West 109th street, a nine-story structure, on plot 55.8x100.11, between .Amsterdam avenue and Broad¬ way. The Broadway plot will be im¬ proved with a 14-story apartment house. In June, 1912, the Bendheim Construction Co. .sold it to Harry Schiff, who razed the small buildings then on the premises, and planned to erect a tall apartment liuilding. The project was never carried through, however, and the following month the property was retransferred to Max Marx, the present seller. A $1,000,000 West End Avenue Deal. GeorRc H. Flinn, of Pittsburgh, Pa.. luis purchased from the Cambridge Con¬ struction Co., Adolph Hirschfield, presi¬ dent, the 12-sty. apartment house on plot 102x75. at the southwest corner of West End avenue and 78th street. In part pay¬ ment, he gave three four-story apart¬ ments, each with 50 feet frontages, on Craft avenue, Pittsburgh. The deal, which was negotiated by Tucker, Spey¬ ers & Co. involved about $1,000,000. Mr. Flinn is president of the newly-organized Flinn-O'Rourke Co., Inc., which has been formed to construct the four East River tunnels. Title to the New York property passed on Wednesday subject to a mort- gaRo of $525,000. SSth Street Apartment Houses Sold. The Biltmore-Bleiheim Co.. L. Napo¬ leon Levy, president, has sold through William B. May & Co. the two seven- story apartment houses, at 54-62 West 58th street, on plot 100x100.5 near Sixth avenue. The buildings are in modern condition and will be held by the pur¬ chaser as an investment. They are ad¬ vantageously located, being opposite the SSth street entrance to the New York Athletic Club. The seller, who acquired the property in June, 1906, from Edward H. Landon. has held it at $550,000. 34th Street Deal Denied. The report earlier in the week that interests identified with the McAlpin Hotel had purchased from William M. Cruikshank, the two buildings at 46-48 West 34th street, adjoining the hotel, was denied by both of the reported prin¬ cipals. Manhattan—South of 59th Street. BLEECKER ST.—Van Vliet St Place have sold for the Laux Estate the southeast corner of Bleecker and Bank sts, an old 3-sty hotel, on a plot 44.6x50. at the intersection of Bleecker. Bank and Hudson sts and Sth av. 22D ST.—Goodale, Perry Sc Dwight sold for Harriet E. Rummler. 213 West 22d st. a 3-sty dwelling on lot 17x90. 4()TH ST.—Frederick Fox & Co. have sold for Marian Kuhn, Hattie M. Markowltz and Simon Meyer, the 3-sty building, 110 West 46th St. on lot 20)fl00.5. to Charles Geoly. doing busi¬ ness as Eaves Costume Co., at present located at 226 West -list st. He will improve the site with a mercantile building and occupy same for his business. Manhattan—North of 59th Street. 69TH ST.—Nathan Kean & Co. sold through Seton Henry and Douglas Gibbons two 6-sty tenements, 503-505 Bast 69th st, on plot 36.8x 100.5. 73D ST.—Edward W. Browning has pur¬ chased, through the Douglas Robinson. Charles S. Brown Co., and Leroy Coventry from George B. Hoe et al., trustees under will of William E. Business rntahllshed 1853 Horace S. Ely & Company This company acts as agent for Trustees, ENCCutnrs and Owners in taking entire charge of Real Estate. Ma'ies appraisals. Acts as Krn'.:er in the sale and leas¬ ing of Real E.^tale. 21 LIBERTY STREET 489 FIFTH AVENUE JOHN F. DOYLE & SONS REAL ESTATE .XOENTS BROKERS and APPRAISERS 45 WiUiam Street Now 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 M anager of Estates, Broker, Appraiser :(■. WEST .TOth STREET, NEW YORK Wallack's Theatre Building E. DE FOREST SIMMONS REAL ESTATE Tel., 837-838 Plaza 2 EAST .'iSth STREET Established 1887 CHAS. S. KOHLER REAL ESTATE and INSURANCE Broker and Manager of Estates 901 COLUMBUS AVE., cor. 104th St. Higlnest References Tel., 5504 Riverside FRED'K FOX & CO. Business Building Broi