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Real estate record and builders' guide: [v. 95, no. 2443: Articles]: January 9, 1915

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58 RECORD AND GUIDE January 9, 1915 EPRIVATE REALTY SALES. Properties in tlie mid-town section figured prominently in the business of the first week of the new year. The announcement that Brokaw Brothers had taken a long lease of the Henry Phipps Estates property on the site of the old Saranac Hotel, just south of the Heidel¬ berg Building, on Broadway, and that they would build a new structure for their own occupancy means another im¬ portant removal into the new retail dis¬ trict. The new location, however, indi¬ cates a deviation from the evident policy of the firms which have recently joined Wants and Offers The rate for Advertising under this heading is 15 Bents per line, nonpareil measurement, with a minimum of four lines. Copy received until 3 P. M. Friday. WANTED—A partner in the real es¬ tate and insurance business. A broKer established since 1907, is desirous of se¬ curing a partner, preferably one having his own business which could be merged with mine, or might consider one who is now employed in a high capacity. Adver¬ tiser is a gentleman, of good New 1 oik faniilv, belonging to the Episcopal Church. Would like a partner of the same stand ing. Address, Sincere, Box 460, Record Se Guide. WANTED—Used atlases in good condi¬ tion' 2 of Queens. 2 of Brooklyn, and 2 of The Bronx. G. W. Bromley's Preferred No objection if dated not later than 8 years back. Communicate with Mr. Geo. fa. Hi^tz. 26-28 Beaver St., New York City. Telephone, Broad 33S3. WANTED in Real Estate office, a com- netent. experienced broker, with knowl¬ edge of Real Estate values. Liberal sal¬ ary- -.0 commissions. State experience and salary desired. Address Box 456, Rec¬ ord and Guide. __________________^ WANTED—Atlases of Sth and 30th Wards, Brooklyn, with recent apportion¬ ments. Must be cheap and in g09d con¬ dition. Can also use some good office fur¬ niture. Box 458, Record Se Guide._______ WE ARE entirely out of NEW YORK Edition of Record and Guide of November 28 1908. We will pay 20 cents for this number if both sections are delivered to us in good conditions. This offer will ex¬ pire on Jan. 15. 1915. Record and Guide Company. 119 W. 40th Street. American Real Esiate Company Founded 1888 Owner of Harriman National Bank Build¬ ing, 44th St. and Fifth Ave. Stockton Building, 5-9 E. 31st St. Arena Building, 39-41 W. 31st St. Hendrik Hudson Apartments, Broadway, 110th Street, River¬ side Drive. Developer of A-R-E-CO dis¬ tricts, The Bronx, and Park Hill, Yonkers. ^ ^ On these types of properties are based its 6% Bonds, offered to investors in Coupon form for direct investment, and in Accumulative form purchasable by installments. Correspondence invited. Ammran IRral lEstatp domyauii Capital and Surplus, $3,247,789.13 527 Fifth Avenue, New York COUJHDUS AVE 66''T067-STS. 90'STAND AMMCRDAM AVE. VaUlIs R)R VALUABU& the uptown movement, to obtain sites either on Fifth avenue or in the imme¬ diate vicinity of that thoroughfare. Another interesting deal involved the Wallack's Theatre property which was sold by the Treblig Realty & Construc¬ tion Company to Bing & Bing. It was given in part payment for a West Side apartment house. According to a cur¬ rent report, another historic playhouse, the Bijou Theatre, is also the subject ol negotiations. If the deal is consuni- mated, it is said that the old building will be replaced with a tall mercantile structure. An important transaction concerned the contemplated opening of a new branch for a large furniture firm, on Sixth avenue, near 45th street. In Long Island City the desirability of Thomson Hill for manufacturing purposes mani¬ fested itself in the acquisition by a large music publishing company of a big tract of land which will be improved with a factory building. A probable factor in the selection of this plottage was the fact that it is located a short distance from a station of the new dual rapid transit system that will place it about eight minutes' ride from Broad¬ way and 42d street. All told, the year made an auspicious beginning, and the week's business _may be regarded as unusually encouraging. The total number of sales reported and not recorded in Manhattan this week was 15, as against 19 last week and 16 a year ago. The number of sales south of 59th street was 3, as compared with 9 last week and 1 a year ago. The sales north of 59th street aggre¬ gated 12, as compared with 10 last week and 15 a year ago. The total number of conveyances in Manhattan was 171, as against 95 last week. 16 having stated considerations totaling $518,850. Mortgages recorded this week number 105, involving $2,003,- 761, as against 51 last week, totaling $738,000. From the Bronx, 8 sales at private contract were recorded, as against 6 last week and 2 a year ago. The amount involved in Manhattan and Bronx auction sales this week was $1,517,106, compared with $585,958 last week, making a total for the year of $1,517,106. The figures for the corre¬ sponding week last year were $1,087,509 and the^ total from Jan. 1, 1914, to Jan. 10, 1914, was $2,936,635. Bijou Theatre May Be Sold. According to a report yesterday, the old Bijou Theatre, at 1237 and 1239 Broadway, through to 502 and 504 Sixth avenue, has been sold by Mortimer L. Schiff to the Isaac A. Hopper Construc¬ tion Company, Walter F. Hopper, presi¬ dent. At the offices of Kuhn, Loeb & Company where Mr. Schifif is associated, it was said that the announcement was premature. It was admitted, however, that negotiations v^-ere pending for the sale. The property consists of a five- story theatre building with stores and ofiices on Broadway and the two five- story loft buildings on Sixth avenue, fronting 39.11 feet on Broadway and 41.1 feet on Sixth avenue. If the deal is consummated, it is said that the new owner will raze the present buildings and erect a tall office and loft _structure on the site. Last January the Bijou prop¬ erty was sold at auction by Joseph P. Day as a result of a foreclosure suit brouEjht by Felix M. Warburg, against the Bijou Realty Company, Albert F. Sire, president. Encumbrances amount¬ ed to about $482,000. and the knock down price was 465,000. Several days later Mr. Warburg conveyed it to Mor¬ timer L. Schiff. The Bijou Theatre was made famous by actors of the old school. It was opened in 1883, replacing what was known as the Theatre Brighton and the Bijou Opera House. In this play¬ house Henry E. Dixey made the famous run of six hundred consecutive nights with his production of "Adonis." For years it was the home of comedy and light opera productions. In recent years it has become a moving picture play¬ house. Costly Residence to Be Built. William B. Alay & Company have sold for the Barney Estate Company the four- story dwelling, 713 Park avenue, on lot 22x89.9. The house will be demolished and replaced with a modern English basement residence. The 69th street end of the block is occupied by the new residence of Mr. Geraldyn Redmond, which was erected two years ago. The 70th street corner is improved with the residence of Mr. Robert S. Brewster. On the west side of the avenue, between these two streets, the improvements con¬ sist of two residences just erected, one belonging to Mr. George Blumenthal, on the 7Ulh street corner, and the other to Commodore Arthur Curtis James, on the 69tli street corner. Wallack's Theatre in Trade. The Treblig Realty Company bought from the Charter Construction Company, Bing ik. Bing, the Garland, a six-story apartment house, in the north side of West 139th street, between St, Nicholas and Edgecombe avenues, on a plot of five and one-half lots. In part payment, liie sellers took the northeast corner of Broadway and 3Uih street, a plot of six and a half lots, 95.8 on Broadway and 142.9 in the street, part of which is occupied by Wallack's Theatre. A por¬ tion of this property is leasehold and part fee. The plans of the new owners could not be learned. Heights Block Front Sold. J. Romaine Brown Company has sold for William B. SomerviUe the block front on the east side of Haven avenue from 178th to 17yth street, 185x147, to Myer Solomon. This block will be im¬ proved by high-class apartment houses in the immediate future. Mr. SomerviUe bought the whole block from the Fort Washington Syndicate prior to the big auction sale of several years ago, and it is one of the few blocks in that sec¬ tion which has not yet been improved. It is one block north of the old Somer¬ viUe residence property, which was leased some time ago by Ben C. Riley, proprietor of the Arrowhead inn. Resells West Side Houses. Slawson & Hobbs and Louis Cowan have sold for the Wesley Realty Com¬ pany, John W. Kight, president, 246-252 West 103d street, four five-story Ameri¬ can basement dwellings, on plot 72.6x100.8. The selling company recent¬ ly acquired the property from the estate of Wallace Brower, in part payment for the nine-story apartment house at 165 West 83d street. The new owner of the 103d street houses is known as Plain- field Estates, Out-of-town property was given in part payment. School Acquires Building Site. St. Bernard's School, of 111 East 60th street, has acquired the 100-foot plot in the south side of East 98th street, 100 feet east of Fifth avenue, from the Mutual Life Insurance Company. Ac¬ cording to report, a three-story school building will be erected from plans by Delano & Aldrich. "Strathcona-on-Hudson" Sold. S. L. Pakas has sold to the Anmin Company, the six-story apartment house, "Strathcona-on-Hudson," at the north¬ east corner of Haven avenue and 169th street, on plot 74xl09.3x irregular. The property has been held at $200,000. Manhattan—South of 59th St. aOTH ST.—J. Arthur Fischer sold for Louis Offncr to Hvman Bloch the 5-sty store and apartment building 532 West 3yth st, on lot 5rtTH ST.—Ames & Co. have sold for the Freehold Construction Co. to M. Coughlin, 231 East 56th st, a 5-sty tenement, on lot 25x 100.5. Manhattan—North of 59th St. SOTH ST.—Amelia G. Friedman has con¬ tracted to sell for $05,000 the 4-sty dwelling, on lot 20x102.2, at 8 East SOth st to Charles E. F. McCann. 132D ST.—Porter St Co. sold for Anna M. Smith, the 3-sty dwelling, 78 West 132d st, 19x00.11. 13tTH ST.—Hunts Point Realty Co. bought from the Joseph Rosenthal Realty Co. 502 West 134th st, a 5-sty apartment house, 50x100. In