Columbia University Libraries Digital Collections: The Real Estate Record

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470 BROOKLYN'S OLDEST Real Estate Office FIRM ESTABUSHED 1S43 ' T Cfje Ci)aunccj' aaeal estate Co. 187 MONTAGUE ST. BOBO OF BROOKLTN. NEW TOBK OTT Telephones: Main 4300, 4301, 4302 Appraisers Auctioneers AGENTS and GENERAL Eeal Csitate profeerg Members: Brooklyn Board of Real Estate Brokcra Real Estate Board of New York Members Brooklyn Board of R, £. Brokers ESTABUSHED 1882 David Porter, inc Real Estate Agents Brokers, Appraisers APPRAISERS FOR The United States Government Tbe State of New York The City of New York The Equitable Life Assurance Society Equitable Trust Co. Tbe U. S. Title Guaranty Co., etc, etc Brooklytt Chamber of Cominare« Balldlii# 32 COURT STREET Telepbotie: Main 828 BBOOKLTN, N. T. JOHN F. DOYLE & S0N5 REAL ESTATE AGENTS BROKERS and APPRAISERS 74 Wall Street, New York City Management of Estates a Specialty Member ot Boftrd of Brokwa Jobn F. Dcvle John F. Doyle. 3V. Alft«41*. Davta The Leading Agency Firm Establislie-d 1S74 Corwith Bros. Greenpomt and Long Island Clij Real Estate FACTORY SITES A SPECIALTY Mortgage Loans, Appraisals, Insurance Entire Management of Properly 851 Manhattan Avenue* Brooklyn Corn Erch. Bank Bldg., Bridsre Plaza* L, L C, Teh Befiford 6900 Member Brool:lyn Board ef Broken Chas^ L^ Gilbert REAL ESTATE BROKER APPRAISER Renting, Collecting, Insurance WATER FRONTS FACTORY SITES Efficient management of Brooklyn Real Estate 753 NfwtTBnd Ave, BROOKLYN tt 6t. Jstia'i PU'^ NEW YORK RECORD AND GUIDE activity recently indulged in by insurance interests. To the west is the block recently acquired for the central Federal Reserve Eank Building. It fronts 101.4 feet on Mai¬ den lane and has a depth of 89,2 feet. Most of the site has been in possession of the "W'endel family for nearly a century. The lease gives the right of renewal on the same terms. $700,000 Candy Store Lease. M. & 'Li. Hess Inc., have leased for David A. .Schulte, Inc», a large store and base¬ ment at the northeast corner of Broaaway and i^rd street (Hotel Wallack), being about 20x100 with an L 11x40, to the "Mirror," Inc., M. L. Morgenthau, president. Exten¬ sive alterations are planned and the prem¬ ises made ready for occupancy for the "Mir¬ ror" the earlv pail of next spring. The lease is for a term of twenty-one years at a ren- tal asgreg'ating $700,000. ( Lessee Will Guild, J. K. Moore has leased for a client of H3r- ace S. Ely & Co. the property, S and 10 Lib¬ erty place, for a term of twenty-one years, with renewal, to John Matthey & Co. of Lon¬ don, England, dealei^ in platinum, who will construct a building for their own occu¬ pancy. Big Fifth Avenue Lease. F. W. Sharp and Henry Shapiro & Co. leased for the estate of John J", Gibbons for twenty years from May 1, 1920. to the Goody Shops, the larg'e store, basement and first loft, comprising 15,000 square feet, at 282 and 284 Fifth avenue, noilhwest corner of SOth street, at an aggregate rental of $700.- 000. This property has been occupied by Gil¬ man CoUamore & Co.» dealers in line chins, for the past twenty years. Brown Buys Hotel Majestic The Hotel Majestic, Central Park "West and Seventy-second street, has been pur¬ chased by Frederick Brown. The transac¬ tion was the biggest single deal ever under¬ taken a't one time by Mr, Brown in his spec¬ ulative operations in real estate covering a number of years. It is reported that Mr. Brown paid nearly $3,000,000 for the prop¬ erty. The sellers were the Bothschild Heal¬ ty Company, and F. V, D. Shaw was the broker. The change of ownership, it was said, would not affect the management of the Majestic, which, since 1915, has been in the hands of Copeland Townsend and George G. Brown, under a long term lease. Eleven stories high, the Majestic covers a plot front¬ ing 204.4 feet on Central Park West and 150 Large Apartments Change Hands, Paterno Brothers, Inc., Joseph Paterno, president, have sold to an investor, a client of Feinberg & Reis, Inc., four big struc¬ tures in the vicinity of Riverside Drive and 116th street. The sale involves a quartet of apartments erected bi'' the Paterno Brothers about eight years ago at thLs point, Earle & CaUioun represented the sellers in the transaction. The sale includes the Coliseum at 435 Riverside Drive, at the south corner of 116th street, a twelve story apartment, with a curved front; the Aqua Vista and the^ Monte Vista, at 460 and 464 Riverside ^ Drive, respectively, two twelve story hous" es, and the Sophomore, a ten story apart- jyient at 21 Claremont avenue, abutting Riv¬ erside Drive. Feinberg & Reis. Inc.. will have charge of the houses for the new own^ er. The Coliseum has a combined front¬ age of about 140 feet, formed by the curve of Riverside Drive and 116th street. Its southerly and easterly dimensions are 103.1 and 66 feet, respectively. The Aqua Vista and Monte Vista apartments are on a plot 62.6x100. located just south of ll^th street. The Sophomore is on a plot 85x100. Reduced 'Phone Rates Now Effective New York telephone subscribers will pay 8 per cent less than they have been paying for local calls beginning Oct. L Five cents for five minutes will be the charge between anv two boroughs in the greater city. The new mtes, which follow a recent de¬ cision of the Public Service Commission, are calculated to bring about an annual aggregate sav:.ng of $2,500,000. The New York Telephone Company has Issued the following statement, explaining the new rates: 'The reduction does not apply to public pay station charges, service connection charges to new subscribers, charges for pri¬ vate lines not connected with the company's general central office system, minor rentals of plant not a part of the general exchange system, or to any toll charges, i, e.. local calls, including those between boroughs and long distance tolls, "Other classes of serviice not affected in¬ cluded leased toll lines extension and tie lines extending outside of the local service area and minor operating service not a part of the company's local exchange telephone ser¬ vice. November 8» igiQ "There is a general reduction in addition to the reductions stated above in the charge for toll calls between boroughs affecting all subscribers, not in the form of a discount, but so arranged that on and after October 1 the maximum charge for a toll call to a point within the city from a subscrrber's station will be five cents for the regular five minute period." BROKERS LOUIS GOLD 44 Court St., Brooklyn, N- Y. Will erect buildings conlamlng anywhere from 10,000 to HKMHM) square feet of manufacturing space f4»r any responsible prospective lessee. OR WUl buUd and wU the mmtMre for a moM M4fc eonildcTafion, lakinu a mortiraire. lo bo wnorUi^ Of«r M pureed iwrlod. for ihe ImJ»»o* Tb« plftA wUl matit It portlble for Uie clleoi to mlu« t««Ul OT^rbeod lo >pproxlmmt