Columbia University Libraries Digital Collections: The Real Estate Record

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July 24, 1915 RECORD AND GUIDE 141 for $190,000 on the Eton Hall apartment house, at 29 and 31 Claremont avenue. The entire transaction aggregates about $1,600,000. J. Curry Watson and Jesse C. Bennett were the brokers in the ex¬ change. It is reported that Mr. Watson has leased an apartment in the structure now nearing completion. The disposing of the 71st street plot, by Mr. Ziegler, sets at rest, once and for all, the report that he will erect on the site a residence for his own occupancy. Title to the apartment house will be taken on Feb¬ ruary 1, 1916, or sooner if all the suites are rented. Paterno Brothers Buy. Paterno Brothers, Joseph Paterno. president, purchased four additional houses, adjoining 885 West End avenue, which was acquired to protect the light of the Mentone apartment house erect¬ ed about two years ago at the adjoining corner. The properties just acquired include 881 West End avenue, northwest corner of 103rd street, together with 883, 887 and 889. The sellers were Mary C Brown, Elberta Sands, Charles Spie- <^e\ and Siegfried Steiner. Earle & Cal¬ houn were the brokers. Including 885 West End avenue, which was bought in November 1914, the builders now con¬ trol a plot 100 -X 100, which not only serves to conserve the light of the Men- tone, but also provides a site for a new apartment house. Free Rent Refused. An interesting phase of the recently reported lease of the building occupying the block front in 149th street, between Third and Bergen avenue, recently re¬ ported, developed this week when it was learned that the LTnited Cigar Stores Company refused twenty-nine years' free rent for a. store in the building. The company now occupies space in the structure. An outside investor, who is familiar with the property, went to the United Cipar Stores Company and offered them a laroe profit for their lease of the en¬ tire property. This was refused, and he then made the proposition to assume their deal with the Crossways Company and give the cigar company its store at Third avenue and 149th street rent free for the balance of the twenty-nine years. This was also refused. The property was purchased recently by Vincent .A.s- tor for $850,000. Society Gets Gift. Gift of a large property in the lower West Side by Amos F. Eno to the Gen¬ eral Society of Mechanics & Tradesmen was revealed by the filing of a deed of conveyance last Tuesday. The trans¬ fer, which was for a nominal considera¬ tion, affects a 5-sty commercial structure at 418 and 420 West Broadway, extend¬ ing to 94 and 96 Thompson st., between Spring and Prince sts. What disposi¬ tion will be made of the property will not be determined until the meeting of the Society in October. Obtains Option. Walter A. Stevens, Inc., of Manhattan, reports having obtained a limited option on the property of the late Dr. F. H. Flagge, at Blauvelt, Rockland county, N. y. The estate consists of about 98 acres adjoining the railroad and 100 acres of mountain property adjoining the new Palisades Park. Mr. Stevens states his client proposes using the property ad¬ joining the railroad for factory purposes. Manhattan—South of 59th St. ELIZABETH ST,—Louis Carreau sold tor the estate of Philip Bayer 77 Elizabeth st, a o-sty dwelling, on lot i;ox47,l, to T, Castallano, MADISON AV,—Leo Hess sold for the Simeon Drake estate 540 Madison av, a .5-sty building, on lot liCo.xSCO, So ft, south of 55th st. The property is leased to Nieholas Martin, dealer in antiques, on a net basis tor a period of years, SULLIVAN ST,—Daniel Birdsall & Co,, Inc, sold the vacant lot, 25,\100, at .No. 120 Sulli¬ van St. , }^'^^} ,?'^-—^- 'rving Walsh sold tor the es- o!is"'w ?^°,''.S.'■ '^- Mickens the :!-sty dwelling at -;48 West 11th st, Manhattan—North of 59th St. COOPER ST,—John Lawson sold, throunh Slawson & Hobbs, four lots in the iorth side of Cooper st, IOO ft, south ot 204th st, to J. L, Borrowers having desirable property on. which loans are wanted can be accommodated iu any amount at prevailing rates of interest. Submit your loans and we can take care of them promptly. Lawyers Title and Trust Company 188 Montague Street, Brooklyn 44 Court Street, Brooklyn 1354 Broadway, Brooklyn 160 Broadway, Manhattan 381-3S3 East 149th Street 367 Fulton Street, Jamaica Are You Building for To'day, To-morrow or for AU Time? You have seen many buildings replaced with new ones during your day and generation. Per¬ haps the builders of those build¬ ings were not far-sighted. A private dwelling to-day may be a "three-family" house a month hence. An office building may become a factory, or you may have to provide for a club or restaurant on one of the upper floors. Provide now for the future and to-day by PIPING YOUR BUILDING FOR GAS It's inexpensive while you are building. Our experts can help you by figuring costs and sizes of pipes or "risers" required. Consolidated Gas Company of New York GEO. B. CORTELYOU, President Telephone, Stuyvesant 4900