Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 29, no. 740: May 20, 1882

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501 The Real Estate Record May 20, 1882 would not pay the advanced rents demanded early in thesnason. There is every indication of a good de¬ mand for houses for the rest of tin's year. It is a noticeable circumstance that many large estates are investing in Improved property in varlou-; parts of the city, especially down town. The Goelet estate has recently made very large purchases Property in the neighborhood of New York is look¬ ing np. The Larchmont Manor Company has just bought 288 acn s at Mamaroneck, on the south side of the Westchester turnpike at the intersection of a creek, adjoining the land formerly owned by Wilham Scott, on the Long Island Sound. The consideration was $2>'7,204. Larchmont has proved to be among the most attractive suburban retreats for New Yorkers, and this addition is undoubtedly to afford lots for new buildings. There will be several interesting 'sales next week, one that of the Bennett estate. There may be an active contest for some of the parcels to be offered by Mr. Bernard Smyth on Monday next. The house at tbe corner of '1 hirty-eighth street and Fifth avenue would be a splendid location for a club or a great apartment house. Indeed at one time Mr. Bennett himself thought of acquiring Ihe property adjoining on Fifth avenue, and erecting a great Paris flat. Should he buy in the property he may do 10 yet. There is much curiosity as to the price the Bennett Building In Nassau street vill brfng. In its construction Mr. Bennett was a little "too previous." It was erected when prices were at their highest, and It Is tmcerstood to have been not profitable on the ainount of capital inv»sted. The owner of the Herald had the sagacity to foresee that great office buildings would be in demand in tbe lower part of the city; but the location was not as favorable as some others. The Tribune, 'Times. Morse buildings and Temple Conrt are nearer the law courts, and better for lawyers and public offices, while Ann and Fulton streets are not available for the exchange or brokerage business of Wall street and below. The assessed valuation of this property is $.'00,000. If this is a correct assessment, it ought to bring under the hammer something over $800,000. The Wasl.ingion Heights property ought to command very good figure.-!. Tliere are other interesting sales next week, but the spring season for real estate will not close until after the disposal of the 783 lots of the Jumel (Slate, the fale of which commences on the last day of this month. Richard V. Harnett will sell on Tuesday next the house, Ko. 253 Monroe street, also the house. No. 329 W^est Sixteenth s'reet. On Tuesdaj-. May £3. A. H. Muller & Son will sell the estate of William Mathews, deceased. It com¬ prises some unusually valuable building lots, one on Fourth avenue, south of Seveniy-e ghih street, two on Tenth avenne, be'ow Tiiirtysec ond street, also four lots on the corner of Thirty-fourth street and Tenth avenue, t» o lots on Fourth avenue, south of Seventy- ninth street and one lot on Fourth avenue, south of Eightieth street, also a lot In Division street, be¬ tween Norfolk and Suffolk streets. The same auc¬ tioneers on the same day will sell twe've lots on One Hundred and Thirty-ninth and One Hundred and Fortieth streets, near New avenue. .On Thursday, May 25. Messrs. Muller will sell, under receiver's sale, one half of the whitd marble building on the east side of Nassau street, running from Pine to Cedar. This is known as the Continen'al Life Insurance Company's bnilaing and is among the choicej5t properties in the city, as all I he rooms are occupied by first-class i enants. Several plots of East Side lots will be offe ed under foreclosure at the Exchange next week. The block fronts on First avenue, west side, extending from Ninety seventh to Ninety-eighth s-treet and lots on Ninety-seventh and Ninety eighths street will be sold to satisfy encumbrances amounting to about $29,7)0, held by the New York Life Insurance Company and the en'ire block bounded by Fir»t .-md Second avenu^-s. One Hundredth and One Hundred and First streets. »111 be offered to satisfy about $57.0( 0 held by the same company. The front on First a.v, east side, from Sixty-second to Sixty third streets, and having a depth of 181.5 feet on both street, will be sold to sat¬ isfy encumbrances amounting to about $31,000. Gossip of tite Week. Messrs. Deane & Chamberlin have purchased the plot of ground comprising twelve city lots on the northeast corner of Lexington avenue and One Hun- drel an 1 Eighth s reet, 100x33•. for $14,000. Philip Braender Itas sold the nine four-story flat houses on the north side of Sixty-third street, east of First avenue, to Messrs. We.l, Meyer and Levy, for $1 6.030. John Hardy has sold the plot of ground on the south side of One Hundred and Twenty tixth street, 285 feet east of Sixth avenueKlCOxlOO, to W. P. Birdsall, for $£8,CC0. Messrs. Mordecai & Bellamy have sold for Mr. J. Rufus Smith, ihe p'.ot of ground on the north side of Seventy-second street, IdOfect east of the Gouievard, 90.X102 2. to Mr. William V. A. Mulhallon. for $54,' 00. No less than three of the purehaseis of unimproved West Side property, at the sale of the King estate, ha»e been offered haudiome proflis on their invest¬ ments. Mr. Charles O. Havens has sold the plot of ground commencing on the northwest corner of Eighth ave¬ nue and Seventy-fifth street, and extending to Ninth avenue, and containing thirty-two city lots, for ihe sum of $320,000. It Is the purchasers intention to im¬ prove ti.ese lots during the coming summer. Messrs. Scott & Myers and Howard W. Coaies were the brok¬ ers who effected the sale. John M. Bohmfalk has purchased the five-stoiy ten¬ ement, No. 17 Marion street, for $23,000. Messrs. Riker & Co. have sold for Alexander W. Macdonald the property on First avenue, between Third and Fourth streets. Mount Vernon, consisting of the plot of ground 280x150, with the double frame house and stable thereon, for $7,5u0. Messrs. J. & G. Ruddell have suld the four-s'ory brown stone dwelling. No. 11 East Seventy-third street, 16.6 x )4 olock, for $45,000, Thomas Reed, pur¬ chaser. This is one of a row of houses built by the Wes-rs. Ruddell and recently described in The Record. F. S. Gray has .eold the three-story brick honse, No. 159 West Fifteenth street, 20x55x103.3. for $13,175. Messrs. Butler, Matheson & Co. have sold the four- story brick building on the southeast corner of I'latt and Gold streets for the Shields estate, on terms that have not trai spired. This property for many years beljnged to the agent of the Bank of England. The Produce Exchange will purchase that portion of the I'opham tstnte known as Nos. 14, 10 and 18 Marketfield place, 74.3xU3, with the old brick build¬ ings thereon, provided it may be had for $150,000. This properly lies immediately iu the rear of their new building. Two lots on the norttteast corner of Tenth avenue andSeventyfouith street. 5i.4xIC0. have been sold on terms that have not transpired. It is said on excellent authority that Mr. James Gordon Bennett has purvhased tte English basement dwelling No. 427 Fifth avenue, 16.8x60x100, for$80.(0J. Tljis house sold (about two y. ars since for $50,000. It immediately adjoins Mr. Bennett's residence on the corner of Thirty-ei^^hth street and Fifth avenue. If he should buy in the corner property at the sale of the Bennett property, which conies off next week, it Is not at all unlikely tLat he will convert the entire premises into an elegant apartment house. BrookljD. Messrs. Bulkley & Horton have sold, for T. K. Schermerhorn. the three-story frame house. No. 109 Washington avenue, to Matilda Shay, for $1,000, and for Stephen F. Shortland, his country place of 12 acres, at Chester, Conn., to Rupert Story, for $i5,f00 W. F. Corwith has sold the plot of groi-nd on the west side of Manhattan avenue, -,80 feet north of Van Cott avenue, 39x100, for Alfred Harding, to llvin Walsh, for $1,400. The following are the sales at the Exchange Sales¬ room forthe week ending May 19: • Indicates ihat theproperty described has been bid in for plaintiff s account: A. H. MULLER 4 SON. J. L $7,300 3G,6U0 7, ICO Boulevard, n w cor OOth st, 25.8x100. West.......................... Roule«ar.l. w s. adj. l.^idxlOO. J. L West.. .'" Boulevard, s w cor 91st .^t. 25 8x100. J. I. West Barclay st. No. 13, n s, 25.^75, five story' brick building. 1. C. Higgihs and W C Lester, leaseli"ld. (lease expiies May 1-i, I89j;' gr-'und rent, $1.4i'0 per annum).......... 11700 Gramercy Par-. No. 5. w s. 26.3xi iii, four-story brick dwell'g UeoigeS. Baxter ..... i5m) 72d St. n.«. 275 w Oth av, a. xl(i2.2. J. Harney l\