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Real estate record and builders' guide: [v. 97, no. 2504: Articles]: March 11, 1916

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400 RECORD AND GUIDE March 11, 1916 PORTER & CO. REAL ESTATE George W. Short Charles F. Porter 159 \V. 125th STREET Telephone Connections J. Edgar Leaycraft & Co, Special Attention Given To the Management of Estates Rental and Sale of Property Collection of Rents Ground Rents, Interest, Etc. 30 EAST 42d ST., Cor. Madison Ave. J. B. ENGLISH Real Estate Broker raSCRANCE ESTATES MASAGED RENTS COLLECTED BOUSES FOK SALE AND TO LET 1531-7 Broadway N. W. Corner 45th St. Astor Theatre Building Phone: Bryant 4773 JAMES A. DOWD Real Estate—Insurance Renting—Management 874 SIXTH AVENUE, Above 49tli Street Carstein & Linnekin REAL ESTATE 221 FOURTH AVE. 347 FIFTH AVENUE Gramercy 2293—Phones—Murray Hill 523 CUTNER & LIPSET REAL ESTATE 1181 BROADWAY South West C.irULT Twnity-eiglitli Street Teleplione—Mad. Sq. 9329 ~ 840 BROADWAY This Company acts as agent for Trustees, Executors and Owners in tailing entire charge of Real Estate about $5,500 less than the amount of mortgage judgment due to this com¬ pany. The property was for many years the headquarters of "Tim" Sullivan in the Third Assembly District. L. J. Phillips & Company sold for $11,100, for the estate of Isaac Phillips, to the Metro¬ polis Holding Corporation, the three- story dwelling at 324 West 22nd street, wliich had been in the family of the seller for more than fifty years. The total number of sales reported and not recorded in Manhattan this week were 31, as against 38 last week and 26 a year ago. The numlier of sales south of 59th street was 13 as compared with 14 last week and 10 a year ago. The sales north of 59th street aggre¬ gated 18, as compared with 24 last week and 16 a year ago. From the Bronx 28 sales at private contract were reported, as against 19 last week and 20 a year ago. Statistical tables indicating the num¬ ber of recorded instruments will be found elsewhere. James L. Brumley ESTABLISHED 1.88S EXPERT Real Estate Appraiser Broker and Auctioneer 189 MONTAGUE ST. Telephone BROOKLYN, N. Y. Established 1879 William G. Morrisey REAL ESTATE BROKER APPRAISER 189 MONTAGUE STREET Telephone ^^ MAIN $1,000,000 Liberty Street Sale. William H. Barnum and William Everdell, Jr., have purchased from the Ziegler estate_, the Realty Trust Build¬ ina;, at 60-64 Liberty street, on plot 71 xSl. which has been held at $1,000,000. It abuts the New York Clearing House property at 77-83 Cedar street, and ad¬ joining on the east the building of the Guaranty Trust Company, at the corner of Liberty street and Broadway. In addition to cash, the purchasers gave for this property, 16-18 West 46th street, a twelve-story building, on plot 44x100. occupied by the Schneider Anderson Company. It was rumored that the Lib¬ erty street building would be razed and a modern office building erected on the site, although this report could not be confirmed. .\n interesting feature of the deal was that both properties were ex¬ changed on a free and clear basis. J. Curry Watson and 'Wm. A. White & Sons were the brokers. Business Building for Block Front. The Edgewater Realty Company. Elmer D. Coulter, president, has pur¬ chased, through J. Clarence Davies, from James F. Meehan, the southerly section of the Community Building at the northwest corner of Southern Boule¬ vard and 163d street, comprising a three- story structure with a frontage of 86.5 feet in 163d street. The purchaser gave in part payment the vacant block front on the west side of White Plains avenue between 233d and 234th streets, on a plot 228 X 181. The exchange involved aliout $500,000. The northerly portion of the improved property, the Cecil Spooner Tlieatre, was sold by Mr. Meehan about two years ago to Sam S. and Lee Shubert in exchange for the flats at 5-15 W'est 62nd street. Mr. Meehan still re¬ tains control of the central section of the Community Building containing the ball room and ofifices. Deal at Manhattan Bridge Plaza. Tlie Burling Realty Company has sold for the estate of Samuel Burling the four buildings, with stores, at the south¬ east corner of Bridge and Sands streets, facing the Manhattan Bridge Plaza. The same broker sold some time ago the plot on Flatbush avenue Extension, from Concord to Chapel street, to the Sperry Gyroscope Company, for their modern eleven-story building, and also the plot running through from Flatbush avenue Extension to Duffield street, near the plaza, to F. .A. Koch Building., Inc. Jerome avenue, 50 feet north of Clif¬ ford place; 50.xlOO on the west side of Walton avenue, 250 feet south of 176th street; 150x100 on the cast side of Town- send avenue, 100 feet north of Belmont street; 50x100 on the east side of Town- send avenue, 50 feet north of 174th street; and 100x100 on the west side of Townsend avenue, 105 feet north of Belmont street. The broker in the deal was E. Osborne Smith. West Bronx Activity. The J. L. S. Building Company. John LaSpina, president, has sold the two five-story apartment houses at the north- cast corner of Grand Boulevard and Con¬ course and 198th street, known as 2850 and 2856 Grand Boulevard and Con¬ course, on plots respectively 79.6x89 and 67.4.x86. for a reported price of $175,000. The purchaser, Charles Kaeppel, gave in part paj'ment sixteen lots located as fol¬ lows: 50 X 100 on the west side of Realty Company Buys. The American Real Estate Company has purchased from the Adroit Building Company, Joseph M. Brody, president, 32-34 East 31st street, a twelve-story loft building on a plot 45x100. The building is provided with unobstructed light on account of the low church structure ad- joilning on the west. The building was completed and offered for rental in the winter of 1915. and was fully rented upon completion. In addition to cash, the .American Real Estate Company gave for this property eleven lots located on the west side of Townsend avenue, at East 170th street, a portion of the va¬ cant property acquired last year from Vincent .\stor; also the two five-story apartment houses 945-949 Hoe avenue, Bronx. It is understood that the Town- send avenue lots are to be improved with five-story apartment houses. The trans¬ action involved aljout $500,000. A Northerly Fifth Avenue Home. The four lots at the north corner of Fifth avenue and 108th street, with a frontage of 75 feet on the avenue, and 125 feet in the street, have been sold by the estate of Charles Parsons to a client of the J. P. Whiton-Stuart Company, who. it is reported, will erect on this site a private dwelling. This project, if carried out, is an unusually interesting one because it would mark the most northerly, costly private house on Fifth avenue, south of 110th street. Last November James Byrne purchased a plot 50 X 100 on Fifth avenue, 50 feet north of 98th street, as a site for a resi¬ dence and about a year ago John Russell Pope bought the block front between 96th and 97th streets for improvement with two private houses. Concourse Deals. The D. H. Jackson Company sold, through J. P. Finneran and P. J. Ryan, the plot 96 X 100 at the southwest cor¬ ner of Grand Boulevard and Concourse and 197th street to Emil Krauss, who resold the property to the Lemarac Realty Corporation which also bought the plot, 75 X 100, on the west side of Concourse, 96 feet south of 197th street, and the dwelling, on lot 25 x 140, on the east side of Creston avenue, 146 feet south of 197th street. This gives the purchaser a frontage of 163 feet on the Concourse and 25 feet on Creston ave¬ nue, and 100 feet on 197th street, which may be improved with three five-story flats. Negotiations are reported to be under way for its resale to a builder. More Heights Buying. Harris & Maurice Mandelbaum have purchased from the Loyal L. Smith Estate, the plot of ten lots, 250x100, in the south side of West 182nd street, be¬ ginning 140 feet west of Fort Washing¬ ton avenue. The broker was the J. Ro¬ maine Brown Company. The plot ad¬ joins the "Highlands" apartment house at the southwest corner of Fort Wash¬ ington avenue and 161st street, and will probably be resold to builders. This transaction brings the purchase of Har¬ ris & Maurice Mandelbaum in that im¬ mediate neighl)orhood up to about ISO lots within the last two years, practically all of wliicli have been resold to apart¬ ment house builders. University Club May Enlarge. The University Club, whose club house is at the northwest corner of Fifth avenue and 54th street, on a plot with a frontage of 100.5 feet on Fifth avenue, 150 feet in 54th street, with a 25-foot "L" to 55th street, surrounding the Hotel Gotham, has taken an option to purchase from George Sherman the