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Real estate record and builders' guide: [v. 97, no. 2494: Articles]: January 1, 1916

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January 1, 1916 RECORD AND GUIDE 23 PRIVATE REALTY SALES. iiii.'rtiiiniiuiiimtmiMMiui THE last week of 1915 closed strong. Trading continued to concern widely scattered and miscellaneous classes of properties. The private sales market maintains its slow and steady improvement, and while the ratlier un¬ usual record of last week which yielded 40 reported sales was not bettered, the business was as diversified and as worthy of encouraging reflection. The real estate market does not rise on short notice to spectacular heights as can the market for other commodities. Its im¬ provement and development must be slow and gradual. Just as the decline within recent years came slowly, so must the uplift come, and to those who are in touch with actual conditions, both surface and sub-surface, the trend with¬ in the last few months indicates that a new era is at hand for real estate inter¬ ests. The private sales market for the year shows an improvement when compared with 1914, as indicated in the statistical table appearing elsewhere in the Record and Guide. This situation, coupled with the unusual business prosperity through¬ out the country that is being predicted for 1916, should make the real estate out¬ look for brokers a hopeful one. It is almost certain that there will be a great demand for mediums of conservative investment, and it is only reasonable to assume that real estate will gain its share. The total number of sales reported and not recorded in Manhattan this week were 22, as against 40 last week and 19 a year ago. The number of sales south of S9th street was 9, as compared with 17 last week and 9 a year ago. The sales north of 59th street aggre¬ gated 13, as compared with 23 last week and 10 a year ago. The total number of conveyances in Manhattan was 130, as against 133 last week, 25 having stated considerations totaling $1,074,375. Mortgages recorded this week number 63, involving $2,317,- 595 as against 60 last week, totaling $2,445,890. From the Bronx 19 sales at private contract were reported, as against 13 last week and 6 a year ago. The amount involved in Manhattan and Bronx auction sales this week was $547,875 compared with $844,300 last week, making a total for the year of $62,931,124. The figures for the corre¬ sponding week last year were $585,958 and the total from January 1, 1914, to Jan. 2, 1915, was $43,473,645. Heights Buying and Selling. Gustavus L. Lawrence has purchased from Mrs. William C. Trull, a plot of fifteen lots on the west side of Wads¬ worth avenue, running from 190th to 192d streets, with a frontage of 369 feet, a depth of 98 feet and a rear line of about 400 feet. Mr. Lawrence resold the northerly part of the plot, measuring 169 x 98, with a rear line of 184 feet, to the S. B. Building Corporation, Behr- mann & Schwartz, which will begin the erection of three five-story apartment houses arranged for five families to the floor. The brokers in both transactions were M. I. Strunsky & Company. To Enlarge School Building. The City of New York has purchased from Mrs. Emily Schaeffler and Joseph C. Schaeffler, through W. E. & W. I. Brown (Inc.), the Schaeffler homestead property, containing about 13 lots and covering the entire block front in Grote street between Cambreling and Beau¬ mont avenues, having a frontage on Cambreling avenue of 202.7 feet and 133.3 feet on Beaumont avenue, to be used for the erection of an annex to P. S. 32. The school property will now comprise the entire block bounded by Grote street, Cambreling avenue. East 183d street and Beaumont avenue. Re-sells Building Site. Leslie R. Palmer has resold the two five-story buildings on plot 50 x 79 at 20-22 Dey street, which he acquired last week from J. B. Peck, as a site for a twentv-story office building. The broker in tlie transaction was the Douglas Rob¬ inson-Charles S. Brown Comp;uiy. The identity of the new owners could not be learned, although it was rumored that the Western Union Telegraph Company, which owns the twenty-seven-story of¬ fice building adjoining on the east, had acquired the property to protect the westerly light of that structure. Company, Charles Flaum, which con¬ templates the erection of three high- class apartment houses. Wechsler & Kohn represented the buyer, as attor¬ neys. Builders Buy Dwellings. Julius Tishman & Sons have bought from a client of Stoddard & Mark, through Frederick Zittel & Sons, the four four-story dwellings at 30-36 West 70th street, on a plot 79.6 x 100.5. The houses were acquired by the seller at a partition sale, several weeks ago, for $106,500, at the stand of Joseph P. Day. The buyers in the present deal will erect a nine-story apartment house from plans by Schwartz & Gross. Annex for New York Times. Tlie New York Times has purchased from the Hyde Real Estate Corporation, A. Filmore Hyde, president, through the M. Morgenthau, Jr., Company, five five- -story flat houses at 231-239 West 43d street, on a plot 100 x 100.4. The pur¬ chaser will utilize the property for a new building to extend its printing establish¬ ment now housed in the twelve-story building, known as the Times Annex, wliich adjoins the plot just sold. Heights Builder Active. The Roxton Realty Company has sold, through Geo. R. Read & Company, a block front on the east side of North¬ ern avenue, between 177th and 178th streets, measuring 255 x 112 feet. The purchaser is the Haven Construction Rumored Apartment House Deal. .\ccording to a report current yester¬ day, Emerson McMillin, the banker, has purchased from Mullekin & Moeller, the new twelve-story apartment house at 318-322 West 84th street on a plot 72x 102.2. Mr. McMillin is said to have given in part payment the four-story dwelling, 320 Riverside drive, on plot 36x100. Manhattan—South of S9th St. LUDLOW ST.—E. H. Ludlow & Co. sold for the Equality Construction Co., 17 Ludlow st, a 5-sty tenement, on lot 25.\S7.6, to Sophie Tager, who owns adjoining properties at 13 and 15 and now controls a plot 6oxS7.6. E^al lEstat^ Inarh nf N^m f crk Organized 1896 Incorporated 1908 FRANK D. ANiES Pres. BURTON J. BERRY Sec'y-Treas. AMES & COMPANY Real Estate Agents and Brokers Telephone 3570 Madison Sq. 25 WEST 31st ST. DE SELDING BROTHERS Real Estate, Loans, Appraisals 128 BROADWAY A. V. AMY & CO. REAL ESTATE AGENTS BROKERS and APPRAISERS Tel., 8147 Cathedral 7th AVE., Cor. 115th St. Auctioneer 31 NASSAU STREET Established 1863 J. ROMAINE BROWN CO. REAL ESTATE 299 Madison Avenue New York City Telephone 1481 Murray Hill AUSTIN FINEGAN Real Estate—Insurance—Appraisals 35 NASS.^U STREET, Tel. 17:!0 Cortlandt OGDEN & CLARKSON Corporation Real Estate and Insurance 657-659 FIFTH AVENUE, Comer 62d Street "Office-Chair" Salesmanship Buyers for real estate do not come to the broker's office chair any more. They must be founil. That's tlie maxim of our sales depart¬ ment. ^^ Bulkley & Horton Co. 414 Myrtle Ave. 585 Nostrand Ave. BROOKLYN LOUIS OCHRAG Agent, Broker ^^ Established 1890 and Appraiser l^tel. 1/00 1 Clielsea Real Estate 142 W. 23d St. , A. M. CUDNER REAL ESTATE CO. Real Es >tate Brokers and Managers ISA WEST 33D STREET Frank E. Smith & Son Inc. Real Estate Investments Telephone 6443 Gramercy 3 MADISON AVE. J. CLARENCE DAVIES BRONX BOROUGH REAL ESTATE 149tli STREET & THIRD AVENUE Tel. Con. Branch Office. 156 BROADWAY Member of Board of Brokers TUCKER, SPEYERS & CO. Real Estate 43S FIFTH AVENUE, NEAR 39th STREET Telephone, 2750 Murray Hill JAMES N. WELLS' SONS (.lames P. Eadie) Real Estate and Insurance Since 1835 at No. 191 NINTH AVENUE Established 1819 Fhone. 5266 Ciielsea »