Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 110, no. 3: [Articles]: July 15, 1922

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July IS, 1922 RECORD AND GUIDE; n Natanson Buys Harlem Apartments William Ottman sold through Day & Day. Inc., to Max X. Xatanson, .'.n'.i-.'tl.l West 110th st, two 12-sty elevator apartment houses, known respectively as the St. Albans and the Dart¬ mouth, each on a plot 108.4x1(mi. They con¬ tain suites of from o to 8 rooms each. They were held at $1.5UM,Umi and were sold for all cash. ing plant for C. and C. Ginger Ale and other products. Bowery Parcels Change Hands Jacob Finkelstein ^v- Son sold for the Calla¬ han estate, Laurence McGuire, president. I.'t7.'2 and 1"'!' Bowery, the lir^t being a 3-sty brick building, on a lot K!.(jx72.'.), and the second a ;;-yty framu and brick building, on a lot llS.^iJx TS.Tx irregular. A resale of the wider plot is now pending. The narrower parcel will be altered by the buyers, who are in the furniture business, and who will occupy same. Site Bought for Private Hospital James Kyle & Sons sold for Henry Wienand and George Khret, respectively, the o-sty apart¬ ments, 549-551 East STth st, northwest corner of E'ast End av, on a plot 46xl00.sii.. The pur¬ chasers are a group of physicians, who will demolish the present buildings and erect a ijfi;- sty private hospital thereon. The. sales are recorded. More Co-Operative Apartments The prospect of continuing high rents for the best class of East side apartments has led to the formation of a syndicate to erect a 9-sty building to provide reasonably priced dwellings for their own occupancy. The syndicate is to be composed of live shares, four of which have already been taken by Lamar Hurdv, formerly corporation counsel; Frank Damrcseli. director of the Institute of Mui^ical Art ol X^ w York City; David Mannes. of the musirul school bearing his name; and Dr. John L'. Vaughan. They have purchased from the Minot Realtv Co. (Seth Milliken) the plot ll*i»-l:J4 East Tr.th st. between Park and Lexington avs, and measur¬ ing 85.6x102.2. This property adjoins the low studio building of the Society of Beaux Arts Architects, and overlooks to the south the recently remodelled and strongly held private residences on the north side of 71th st. The building has been planned by Donn Barber, architect, and work will begin in October in order to be ready for occupancy in the fall of 1923. Mr. Barber's plans provide for an interesting division of floors into room suites. Blaine Ewing repre¬ sented the syndicate in the negotiations and Pease & ElUman were the brokers for the seller. Broker Buys Suite Culver & Co. sold for the Joint Ownership Construction Co.. Inc.. Frederic Culver, presi¬ dent, a large apartment in their new lOn per cent joint ownership building which they are about to erect at Lexington av and 69th st. to Douglas Gibbons, a well-known real estate broker. Y. M. C. A. Enlarges Plot The Washington Heights branch of the V. M. xHXi. to Fishbein-Fuchs Corporation, nstaurateurs, who will occupy. The property was held at $100,000 and was pur¬ chased by Riesenfeld and O'Donnell through Wm. Cruikshanks Sons, brokers, from the Vin¬ gut Estate. Queens Factory Site Bought E. & J. Burke Co. purchased through Cross & Brown Co. a plot of 30,000 square feet on Creek st and Nott av, Long Island City, for improve¬ ment with a large miyiufacturing and distribut- Brooklyn Lots for Improvement The new Roseart Building Corporation CNL H. Goldwitz, R. L. Turk and M. C Weisman, direc¬ tors! purchased from the L. & W. Holding Co. and others the bloi k bounded by liiith and Oith sts and Eighteenth and Nineteenth avs. Brook¬ lyn, for the erection of sixteen 2-sty 2-family houses. The block measures 2UUxl00. operation will involve ;?12.j.fi(ni. Greinburgh to the same buyers, who will use it in connection with the club. This site was held at $150,000. MORTGAGE LOANS The The newly formed Dovale Homes Co.. having for dire^ tors H. and I. Silverman and M. E. Leviue. purchased from the Aggressive Realty Co., A. X. Xazarowitz president, a plot of 21 lots at K.ist Sth st and Ryder av, Brooklyn, on which the company will erect 21 dwellings, calling for an outlay of about $15(i.Ono. Sales of Westchester Acreage The six acre estate of Mrs. Minnie Currie at Greenburgh, Westchester county, has been sold I'y Mrs. A. R. Davenport, broker, to Goldburgh, Klein & Goldburgh, this city. The property will he used as a site for the Pelhamhurst Country 'Club. It was beld at $17,000. The same broker aold for Edward Patterson his 21-acre estate in Lawrence, Blake & Jewell placed a loan of S.->tHt,i)On on the new 16-sty building. 142-146 West 36th St. 75x98.9. owned by the Jatison Con¬ struction Co. This property practically adjoins the new Arcade building now being constructed and running through from 35th to SGth st, op¬ posite Macy's, upon which the same brokers have recently placed a loan of $1,000,000. The Jatison Construction Co. building will be rented for otTices and high class showrooms. Several im|iortant leases have already been made, and others now under negotiation, which shows the strong demand there is for such space in the Pennsylvania zone. The operation will in¬ volve over $1,000,000. Loans on bond and mortgage amounting to S5,000.000 have been authorized by the Mttro- I^olit.an Life Insurance Co. Of these more than •'■-,nin),00'i were for housing. Of the housing loans about .*].000,(i(_«i were in Xew York City United Electric Service 15 supplied to I ii ^^ 'i X- 1. ia 1,1,' 505 WEST END AVENUE A beautiful apartment dwelling, surrounded by private residences, which in addition to every con¬ ceivable comfort and luxury, will have the advan¬ tages of maximum daylight. The owners and builders are the 505 West End Avenue Corporation, Anthony A. Paterno, Presi¬ dent; the architect, C. Ajello, and the electrical contractor, Joseph Guttman. When in need of Electric Light or Power Service, call Stuvvesant 4980. Your requirements, whether large or small, will receive the prompt attention of our Commercial Department representatives. t?he United Electric Light *'"*' Power Co. ly East- icth St., New York,