Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 57, no. 1464: April 4, 1896

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April 4, 18»6 Record and Guide. &71 of No. 513 West 24th street, expiring May 1. 1908. On the Sth lnst they will offer No. 201 West 54th street, a flve-story and basement apartment house, containing elevator, steam plant, etc, and located on the northwest corner of 54th street and 7th avenue, and four lots on the southeast corner of 12th avenue and 131st street. For further particulars, readers are referred to the offlcial announcements in our advertising pages or to the auctioneers, at Nos. 71 and 73 Liberty street. William Kennelly will sell at auction the valuable pier and warehouse property, described last week in this column, on Tuesday next, the 7th Inst., in the Reai Estate Salesroom, No. Ill Broadway. These consist of an undivided half of Pier No. 35, and 109.69 feet of bulkhead with rights in perpetuity for pier, dockage, wharfage and shlppage; Nos. 206, 207, 208, 209 and 210 South street, running through to and being Nos. 401, 403, 405 and 407 Water street. The latter consist of three four- and-a-half and flve-story brick warehouses on plot 110.6xl45.6x 110x145. The location is between Catharine and Market streets. The exceptional attractions of this property hardly need point¬ ing out. They arise not only from its being in the busiest part of the East River, but also because the improvements the city will make on the dock fronts of the whole of Manhattan Island are sure to beneflt this class of real estate. The sale Is by order of the Supreme Court in partition. The auctioneer's office is at No. Ill Broadway, where maps, etc., can be obtained. BROOKLTN ANNOtJNCBMENT. Jas. L. Brumley calls attention to the important auction sale of lots, which he will conduct on Wednesday next, the 8th inst, in the Real Estate Exchange, Nos. 189-191 Montague street. There will be offered on this occasion no less than 118 lots, the location of which will be found in our advertising columns. They are, however, so distributed that the sale should Interest a great many builders and others who are looking for advan¬ tageously situated unimproved property. Maps can be had at the auctioneer's office, in the Real Estate Exchange. FINE OFFICES TO LET, Large and small offlces, "en suite" or single, in the modern fireproof Williamsburgh City Fire Insurance Co.'s building. No. 150 Broadway, corner of Liberty street, are for rent by Mr. O. G. Bennet, agent on the premises. Rapid running elevators to the sidewalk, mall chutes, lighting, heating and janitor's service are included in moderate rents. Gossip of the Week. SOUTH OF SQTH STREET. Potter & Bro. have sold for the Niagara Fire Insurance Co., the six-story offlce building, Nos. 135 and 137 Broadway, north¬ west corner of Cedar street, to Henry J. Braker for over Sl.OOO,- 000. The property, we learn, was recently offered at a million and the presumption is that a higher price means a trade to some extent. The piot, which is covered by the building, has a frontage of 40.3 feet on Broadway, 153 feet on Cedar street, and runs through to Temple street, on which it fronts 33.4. The northerly line is slightly irregular. The insurance company purchased the property in two parcels in 1887 for $750,000, and afterward expended $60,000 on an additional story or two to the building. It has always been looked upon as one of the most valuable of the corner parcels fronting on lower Broadway, and will doubtless be utilized in time as a site for a modern building of the favorite "sky-scraper design. The property of the Protestant Episcopal Church of the Holy Trinity, on the northeast corner of Madison avenue and 42d street, has actually been sold at last. The price agreed upon is $750,000, and the consummation of the purchase dependent on the removal, through the courts, of a restriction against buildings other than residences or those required for religious purposes. The property has been bought on speculation, and comprises the church and rectory fronting on Madison avenue, with a parish house located on a 40-foot lot that fronts on 43d street 100 feet east of the avenue. The plot is in the form of a lop-sided T, has a frontage of 113.5 on the avenue, 147.3 on 42d street, an easterly line of 110 feet and the additional lot, 40x 100.5 and 84.5 extending to 43d street It contains 20,973 square feet, and has sold at the rate of $35.76 per foot W. K. Aston has purchased from the United States National Bank the nine-story office and bank building, 30.6xl24.11x40.1x 116.9, Nos. 41 and 43 Wall street. The property was bought in August, 1889, for $475,000. At that time there was a flve-story building on the lot, for which there has since been substituted the present modern structure. As it now stands the property represents a total investment by the bank of about $580,000, The parties to the sale all claim to have been pledged not to disclose any information regarding the terms, but from the best information obtainable, we judge that the price which Mr, Aston win pay Is $825,000, or one very close to that amount. This despite the published statements that the consideration agreed to Is about $1,000,000. The plot contains 4,264^quare feet, and at $825,000, the rate would be $193.48 per foot, a high one even for Wail street. Th* buyer owns the property Nos. 45 and 47 Exchange place, adjoining in the rear, and -will at some time in the future demolish the existing building and erect in its stead an addition to his Wall street purchase. Hoffman Bros, have sold conjointly with J. N. Kalley & Son the seven-story brick mercantile building, 25x95, No. 69 West Houston street, for Warren E. Dennis to Superintendent ot Buildings Wesley C. Bush, of Brooklyn. Hoffman Bros, have also sold the five-story building, 30x 119.1x30x118.6, Nos. 95 and 97 Liberty street, for the New Tork Realty Co. (Flake & DowUng) to a builder, who will erect a twelve-story building on the lot in accordance with plans re¬ cently filed. The sellers bought the property at the partition sale of the Lazarus estate on February 25, for $125,500, a price beyond the expectations of the heirs, and have resold it at a large advance. The transaction, it is understood, involves no cash payment, or at best a very small one, and provides for the advancement of a $100,000 building loan. The same brokers announce a week late that they sold for Joseph L. Buttenwieser the seven-story store and loft build¬ ing, 25x100, No. 231 Mercer street. Warren E. Dennis is the buyer. The property should have been Included in the state¬ ment of last week referring to a trade of No. 98 Liberty street for No. 39 Great Jones street The latter and the Mercer street parcel will both be transferred by Mr. Buttenwieser in ex¬ change for the Liberty street corner. Mr. Buttenwieser has bought of the trustees of the Seventh Day Baptist Church the old dwelling, with lot 25x90.10, No. 80 7th street, and will replace the present building with a flve- story brick tenement. Henry Wise has sold for Mrs, Flora Marks the flve-story front and rear tenements, with plot 54x98.5, Nos. 22 and 24 Mulberry street, to Mrs. G. Pelrano for $54,000. A report was current late yesterday afternoon that E. A. Cruikshank & Co. had sold for Mandelbaum & Lewine the flve- story store and offlce building, 10.7x100x10.2x100, No. 290 Broadway, northeast corner of Reade street, to R. G. Dun at an advance on the price at which they recently bought the prop¬ erty from the Gemmel estate. Mr. Dun owns the adjoining Broadway property. Mrs. Eleanor Robinson has bought of Robert I. Brown as trustee the old building, with lot 24.8x95, No. 346 Oth avenue, between 21st and 22d streets, for $100,000. The buyer will give flrst and second mortgages covering the greater part of the consideration and has agreed to erect on the lot a modern building when existing leases expire on May 1, 1897. The price gives a new rating for property on the east side of 6th avenue. C. >^.. A Broslen has s..i I for Herman Ottenberg the two flve- story tenements, with plot 53.4x98.9, Nos. 229 and 231 Bast 25th street, to WilUam Engel, and for Jacob Dieter the five- story tenement. No. 100 7th street, to Michael Bissert. Golding & Whitehouse have sold for Mrs. M. D. Stanton her four-story residence, 25x65x100.5, No. 24 West 52d street, to H. H. Landon for $75,000. John R. Foley has sold for William Noble the flve-story stone front building. No. 3 Park row, with L, No. 3 Ann street, to the National Life Insurance Co., of Hartford, Conn. Mr. Noble secured the property about a year ago in a trade for the Hotel Empire, and will part with it by means of another trade, the consideration agreed upon being the value of property in Chi¬ cago, in addition to a good round sum in cash. C. H. Diamond & Co. have sold for S. M. & S. Rosenblatt the old tenements, with lot 23x100, No. 174 Wooster street. The only information obtained about the buyer is that he will erect a seven-story brick warehouse. Fairchild & Yoran have sold for WUliam McBride the three- story stone front dwelling, with lot 20x100.5, No. 434 West Slst street, to W. G. Hildebrand. The Park Row Building Company was incorporated at Albany on Thursday, with a capital stock of $2,000,000, to carry on a general real estate business in this city, or in other words to conduct the big operation involving the transfer and rebuild¬ ing of Nos. 13 to 21 Park row. The directors are: G. F. Brown and J. E. Fryer, of New York city, and P. J. Burger, A. J. White, and W. M. Ivins of Brooklyn. The Commissioners of Estimate appointed for the condemna¬ tion of the northeast corner of Madison avenue and 25th street, as a site for a new court-house for the Appellate Division of the Supreme Court, have flled their report. The property con¬ sists of a corner, 30x100, and two lots adjoining in the rear on 25th street, together 50x100, belonging to Henry C. Miner, and the house and lot, 19.4M>xl00, adjoining on Madison ave¬ nue, belonging to Dr. Edward H. Peaslee. Por Mr. Miner's property, which contains 8,000 square feet, the award was $283,000, for Dr, Peaslees' parcel, the award was $87,500. NORTH OF 59TH STREET. Potter & Bro. have sold a piot, 75x100.11, on the north side of 113th street, 100 feet east ot Lenox avenue, to Frederick Brandt for Improvement. George C. Edgar's Sons have bought of Walter Smith and others a plot, 250x100.11, on the south side of 114th street, 75 teet west of Lenox avenue, and will give in trade the property at Monmouth Beach, N. J., acquired by them a year or so ago as consideration for two west side houses. The city lots were recently purchased by the sellers, who have not yet taken title. Bryan L. Kennelly has sold for William J. Barker at $7,500 a lot, 25x100.11, on the south side of 135th street, 310.11 west