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842 RECORD AND GUIDE June 16, 1917 Little Money Shrewdly Spent will make old property pay well This is our line Get Our Suggestions EasternConstructionCo. 110 West 40th Street INTERIOR TELEPHONES For apartment houses, schools, banks, offices, fac¬ tories, stores, hospitals, public buildings, etc. We make a telephone to fill every want. Over 23 years' experience. TELEPHONE COMPANY CONNECTICUT .electric Factory, Meriden, Conn. New York Representative : Spielman Elec. Co. 1931 Broadway Phone Dept. T, 4147 Columbus RATS, MICE, ANTS, MOTHS, ROACHES, BED BUGS, EXTERMINATED NO CHARGE IF WE FAIL WRITTEN GUARANTEE FOR ONE YEAR Out-of-Town Work Solicited New York Exterminating Co. 366 FIFTH AVE., N. Y. CITY At 35th St. Phone—Greeley 4400 Francis W. Ford's Sons City Surveyors Real Estate and Insurance 8-10 JAMES STREET, N. Y. C. HOWARD H. FORD FREDERIC C. FORD WALTER H.FORD, C.E. HAROLD S. FORD Geo. j. Ryan Queens Borough Real Estate AGENT BROKER APPRAISER Member Real Estate Board of Kew York 46 Jackson Ave., Long Island City Telephone, Hunters Point 3451-2 REAL ESTATE INSURANCE 200 W. 23d St., Cor. Seventh Ave. William H. Archibald 316 WEST 23D STREET REAL ESTATE AND INSURANCE Management of Estates a Specialty Phone, 5566 Chelsea ■', ts. "I'JI, New York City Teach¬ ers* Retirement Fund. Chapter i;(il (S. 7!>7), Highway Law, amend¬ ing generally. Chapter (Wl (S. .S."i!)). New York City court¬ yards, acquiring real -property. Chapter Iil4 (S. l(i:'.71. New York City plumb¬ ers, compensation. Chapter t<'27> (S, 111.")), Rapid Transit Act. emergency contracts. To Secretary of State (S. 1282), Legislators, increasing salaries. Chapter *ii>4 (A. 40), Local Option. Chapter 71H (A, 2r,7). Coney Island, lands under water to New Vork City. Chapter 147 (A. 7(!i;), State parks, land for, acquiring. Chapter G(H (A. 1:130), Creating bureau ot hre investigation. Protecting Crossings. The Public Service Commission held a hearing before Commissioner Charles -S. Hervey to determine whether steam railroads operating within the City of Xew Yorl< shall lie directed to keep gates protecting crossings closed between the hours of midnight and 5:00 a. ni. ^^ari- ous railroad corporations were repre¬ sented. .\n inspector for the Commis¬ sion at this hearing testified that at night inspections made at some of the 200 grade crossings protected by gates within the city limits he had found some gates closed and some raised and on the instance of each inspection had fonnd some of the crossing watchmen asleep. The hearing was closed and action will shortly be taken by the Com¬ inission. r PRIVATE REALTY SALES. | THE total number of sales reported and not recorded in Manhattan this week was 20, against 26 last week and 35 a year ago. The nuniber of sales south of _ 59th street was 6. as compared with 5 last week and 14 a year ago. The sales north of 59th street aggre¬ gated 14, as compared with 21 last week and 21 a year ago. From tiie Bronx 9 sales at private contract were reported, as against 13 last week and 8 a year ago. Statistical tables, indicating the num¬ ber of recorded instruments, will be found on page 850 of this issue. Westerner in $6,000,000 Deal. Thomas H. (iill. Western capitalist, for many years associated with the \\ is- consin Central Railroad, has acquired from companies headed by Leslie R. Palmer three valuable New York City properties in the Fifth avenue zone, for which he gave in e.xchange extensive holdings of various kinds in four other states." The various properties involved in the trade, which is one of the largest of the year, were held at about $6,000,000. George E. Baldwin, who negotiated the transaction, is said to have been working on its various details for nearly a year. The property which Mr. , Gill has ac¬ quired includes 509 Fifth avenue, a twelve-story store and loft building cov¬ ering a plot 37.6 X 123, recently com¬ pleted l)y Mr. Palmer on land acquired under a long term leasehold from the Sturges Estate: also 37 West 37th street, a twelve-story modern store and loft building, completed a few moiUhs ago by a syndicate headed by Mr. Palmer on land acquired under the terms of an 84-year leasehold from Louis E. Frith. and the twelve-story store and loft building at 10 to 12 East 39th street, through to 38th street, improved last year by the same company, on leasehold nroperty obtained from the Sloane Es¬ tate. In part payment Mr. Gill gave Mr. Palmer and his associates the fol¬ lowing properties: a tract of timberland in .\shland. Wisconsin, a coal mine in Carryville, Tennessee, a gold mine in Butte, Montana, an orange grove in Mo¬ bile, .Alabama, a business property block in Portage, Wisconsin, Mr. Gill's resi¬ dence in Wisconsin, the McKenna and Warren proi)erties in Wisconsin, a tract of land at Waukesha, Wisconsin, and the large residence in Madison, Wisconsin, formerly occupied by Mr. Gill as his home. The same l)roker later leased for the new owner the store at 509 Fifth avenue to the Maison .^riiiand, for nine¬ teen and one-half years, at a rental ag¬ gregating $827,000. Mr. Baldwin also resold for Mr. Paltner the Mobile orange grove and the residence properties in Wisconsin, both of which were repur¬ chased by Mr. Gill. Sell $500,000 Residence. Douglas L. I>~lliman & Company sold for the estate of General Lloyd Bryce his former residence at 1025 Fifth avenue, adjoining the William Salamon house at the northeast corner of 83d street and Fifth avenue. The Bryce house, which is a white marlile English basement house, stands on a lot 40x100. and is in one of the best developed blocks on Fifth ave- nut. Adjoining owners to the north are Mrs. William M. Kingsland, George Crawford Clark and Jonathan Thorne. Directly in the rear of these properties is the property of the Constable estate, consisting of an old-fashioned white wooden farmhouse and large garden with greenhouses. The Bryce house was built by General Bryce on land pur¬ chased from Janies .\. Garland about eight or nine years ago and was occupied by General Bryce since its completion until his death, a few months ago. It was held at $500,000 and was purchased very close to this figure by a prominent New Yorker for his own occupancy. The growing demand for fine houses has been clearly evidenced of late through the following sales by the same brokers: The late James J. Hill's house at 8 East 65th street to E. H. Litch¬ field, the James McLean residence at 7 East 75th street to Dr. J. H. Lancashire. 12 East 62d street to Charles H. Sabin, president of the Guaranty Trust Com¬ pany, and several others. Buys the "Verona." Clarence Payne, formerly of Cali¬ fornia, who has been actively identified with a numlier of transactions aflfecting high-class Manhattan realty, figured in another transaction this week, involving a high-grade ten-story apartment ho_use at the southeast corner of Madison ave¬ nue and 64tli street. This property, which is known as the Verona, was sofd for the L'nited States Trust Company as trustee of the Estate of Francij L. Leland through N. .\. Berwin & Com¬ pany. It was held at $800,000. The \'erona occupies a site fronting 100.5 feet on Madison avenue and 132.6 feet in 64th street, and is stated to have a rent- roll appro.ximately $125,000 a year. .\mong the tenants are Charles E. Hughes. Henry F. Cook, Charles A. Dana, T. J. Connors and E. L. Judkins. Some of the transactions in which Mr. Payne has been interested as principal within the last year concerned the Postal Life Insurance Building at the south¬ east corner of Fifth avenue and 43d street, and apartment houses at 383 Park avenue and 140 West 79tli street. Big Westchester Transaction. One of the largest transactions affect¬ ing Westchester County property in many years has been closed, by which the Sleepy Hollow Country Club pur¬ chased for a reported price of $600,000 from William Rockefeller 387 acres at Scarborough. N. Y., adjoining the prop¬ erty of the club. The sale was nego¬ tiated by Frederick M. Hilton, of M. -\. White & Sons. The land which the club lias bought includes its golf course, which it held under lease, together with several hundred acres adjoining. It has a large frontage on Broadway, Sleepy Hollow road and Long Hill road. The property is one of the most picturesque