Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: [v. 98, no. 2539: Articles]: November 11, 1916

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672 RECORD AND GUIDE November 11, 1916 BROOKLYN'S OLDEST Real Estate OfBce FIRM ESTABLISHED 1843 tETfje Cljauncep aaeal Csitate Co. 187 MONTAGUE ST. BORO OF BROOKLYN, NEW YORK CITY Telephones, 4300, 4301, 4302 Main Appraisers Auctioneers AGENTS AND GENERAL aEleal Csitate Profeerg Members Brooklyn Board of Real Estate Brokers Real Estate Board of New York Members Brooklyn Board of R. E. Brokers ESTABLISHED 1SS2 DAVID Porter, inc. Real Estate Agents Brokers, Appraisers APPRAISERS FOR The United States Government The State of New York The City of New York The Equitable Life Assurance Society Equitable Trust Co. The U. S. Title Guaranty Co., etc., etc. 215 MONTAGUE STREET Telephone, SJ8 Main BROOKLYN, N. Y. Firm Established 1S74 Corwith Bros. Greenpoint Real Estate FACTORY SITES A SPECIALTY Mortgage Loans, Appraisals, Insurance Entire Management of Property 851 Manhattan Avenue, Brooklyn BROOKLYN ESTATE MANAGERS M embers Brooklyn Board of Real Estate Brokera CHAS L. GILBERT, Pres. ROBT. E. PATTERSON, Sec'y NOAH CLARK, Inc. Real Estate—Insurance Water Fronts, Factory Sites, Appraisals Main Office 837 Manhattan Avenue Branches 545 Morfean Avenue 753 Nostrand Avenue BROOKLYN, N. Y. Member Allied Real Estate Interests Member Brooklyn Board of Real Estate Brokers Money lo Loan on First Mortgages 5% Joseph T. McMahon REAL ESTATE and MORTGAGE LOANS 188 and 190 MONTAGUE STREET BROOKLYN Telephone 834 Main SPECIAL ATTENTION GIVEN TO COLLECTING, RENTING AND MANAGEMENT OF ESTATES property to the west, which he uses as a garden in connection with his residence on 5th av. The Howard Payne Whitney home occupies the opposite corner on Sth av. 9.3D ST.—John J. Kavanagh and Sutton & Benjamin sold for Sara N. Foss 17 East 93a st, a 4-sty dwelling, on lot 20x100.8. n4TH ST.—Ward Belknap & Son and J. P. Finneran & P. J. Ryan sold for Dawson C. GTlovcr to Ellen Lippay G2 East 94th st, a 5- sty flat, 20.6.X1U0 ; Finneran & Ryan resold the property to Dr. John A. Harris, who owns the apartment house at 58 and 60, adjoining. 97TH ST.—J. P. Finneran & P. J. Ryan re¬ sold for the Merit Realty Co. the plot, 50.x luO.ll, in the north side of 97th st, 100 tt. west ot Central Park West, recently acquired Irom the Sylvia M. Livingston estate. IIOTH ST.—David Vogel and Emanuel Calucci sold for the Bond and Mortgage Guarantee Co. to an investor 228 East 110th st, a 4-sty tene¬ ment, 23x100.11, held at $11,000. 119TH ST.—Lenox Av Union Church has con¬ tracted to sell to a Swedish congregation the property at 37 West lloth st, a 3-sty house, 25x 99.11, subject to the approval of the court. HAVEN AV.—Frederick Brown sold to Con¬ stantin Wagner the 5-sty apartment house, 67.1xl00.2.\65xS3.4. at the northeast corner of Haven av and 170th st, held at .fllO.OOO. The buyer gave in part payment 914 East lG7th st. a 5-sty apartment house, 39x94x69x74. Porter & Co. were the brokers. LEXINGTON AV.—Ennis & Sinnott resold to George M. Clarke 1233 Lexington av, a 4-sty dwelling, 22x6.5, acquired two weeks ago from the Taylor estate of Pougskeepsie. Mr. Clarke recently bought the adjoining houses, 1229 and 1231, from the same sellers, who previously acquired them from the Sheehy estate. J. Irv¬ ing Walsh was the broker in both resales. 7TH AV.—The Gerlach Realty Co. sold to the Chamax Realty and Construction Co. a 7- sty elevator apartment house, 99.11x125, at the northwest corner of 7th av and 143d st. The sellers took in exchange a 6-sty apartment house, 100x100, at the northeast corner of Broadway and 160th st. Bronx. GRAND BOULEVARD.—H. A. Douglas & Co. sold for the Hurley Building Corporation 2396 Grand Boulevard and Concourse, a 1-sty tax¬ payer, 25x65. The purchaser is B. Halperf, who gave in exchange .the plot of nine lots in the north side of 192d st, extending from University av to the old Croton aqueduct. The same brokers sold the plot fronting 50 ft. in the west side of the Concourse, 50 ft. north ot 182d st. HEATH AV.—John R. Davidson has sold tor Ennis &. Sinnott the 3-sty dwelling at 2870 Heath av, on plot 20x100, to W. S. Livingston, who will occupy. MONTEREY AV.—The Crown Operating Co., represented by Morgenstern Brothers, has pur¬ chased 2023 and 2027 Monterey av, two 5-sty new-law tenements, each on a plot 50x100. MORRIS AV.—Frederick Brown bought for cash from the Berman Realty Co. the o-sty apartment house, 47.6x108, at the northwest corner of Morris av and lS3d st, also 2301 and 2307 Morris av, two apartment houses, each 50x105. Nehring Brothers and Max Blau were the brokers. PROSPECT AV.—Harold L. Lewis sold for cash for Charles B. Squires the 5-sty 50-ft. flat at 1908 Prospect av. WOODYCREST AV.—Frederick Brown bought from David MacBride 1016 Woodycrest av, a 4-sty apartment house, 50x100, held at $50,000. Brooklyn. HANCOCK ST, ETC.—Henry Agar sold 677 Hancock st, a 2-sty dwelling, for Emma Kava¬ naugh to S. Byshower; also 407 Van Buren st, a 2-sty house, to Margaret Crimmins. HARMAN ST.—R. A. Schlesing sold for Ber¬ thold Zippel the 6-fara. tenement house at 464 Harman st to Anna G. Krudner. MARTE.XSE CT.—Westwood Ptealty Co. sold for Charles Goell two dwellings, 0 and 11 Mar- tense ct, and loGl 5ith st for Joseph J. Mooney. PACIFIC ST.—James R. Ross Co. sold 1402 Pacific st, a 5-sty apartment house, to Frank C. Joslin, who gave in part payment a fract at Haworth, N. J. PALMETTO ST.—R. A. Schlesing sold for Arthur Kolgcn the 2-fam. residence at 1877 l^almetto st to Alice Lotherington. PE.VN ST.—Samuel Zirn has sold to Lazarus Levy the 214-sty dwelling at 150 Penn st. STERLING PL.—The Conrad Construction Corporation purchased a plot. 200x100, at the corner of Sterling pi and Bedford av. 50TH ST.—1. Salzberg sold tor M. Miller to J. Kafka the 1-fam. cottage, on plot 40x100, at 1C17 SOth St. 71ST ST.—Frank A. Seaver & Co. have sold the 2-lam. brick house at 270 71st st, Farrell estate, to Lester Vail. ROGERS AV.—Mclnerney-Klinck Realty Co. sold tor J. Philip Goetz the 3-sty apartment and store building on the west side of Rogers av 120 ft. south ol Clarendon rd, on lot 20x 100. ST. MARKS AV.—Nicholas J. Occhifinto sold for Thomas J. Healy to Joseph Cerasio 345 St. Marks av, a 4-sty apartment house, on plot SOx SOx irreg. SURF AV.—Joseph M. May. of Brooklyn, pur¬ chased through W. G. Morrissey, Jr., represent¬ ing M. J. Rose, the northwest corner of Surf av and West 19th st, fronting 140 ft. on Surf av and running back 283 ft. to New York and Coney Island Railroad right of way. The cor¬ ner plot is occupied by the Mechanics' Hotel and two cottages are on the Surf av front. The 3- sty business building at 1343 Broadway, near Hancock St. was given in part payment. Nego¬ tiations are under way for the leasing ot part of this property, but it is not expected that any Improvements will be made until the spring of 1917. euiniiminTntiiiiimrui jDUuiiiiumiiuicuuuiiuiaiiii iiiuiliutiriuiininiumiiiniiiiuiritiimiuiiiuiiiiiiiuuJUiiiniriiiiuiniiiiuliUiiiiinnrriinnuuiiLini i LEASES. Exchange Buffet Co. Leases. Charles F. Noyes Company has leased for Vincent Astor to the Exchange Buf¬ fet Corporation, at a rental of nearly $400,000 for twenty-one years, the Vesey street store and basement of the Astor House Building, Broadway and Vesey street. The Exchange Bufifet, after $50,- 000 has been spent for improvements, will occupy the basement for its busi¬ ness, and will sub-lease the ground floor. The lease covers 5,700 square feet on the ground floor and about 8,300 square feet in the basement. The Exchange Bufifet Corporation has figured in over $1,000,- 000 worth of leases during the last few weeks, viz., Astor House Building, above reported, Madison avenue and 29th street, and the entire basement of the Kinney Building at Broad and Market streets, Newark, N. J. The new prem¬ ises will be open to the public about January 1, 1917. The leasing company now operates about thirty high class es¬ tablishments, inany of which are in the finest and best office buildings in New York. The Charles F. Noyes Company, who are the brokers in this transaction, have heretofore made many important leases in the Astor House Building, in- cludin.g the store leased to George W. Welch's Sons, jewelers. Hotel Commodore Site Rental. Details regarding the recent lease of Ibe block bounded by Lexington avenue, 42d, 43d streets and Depew place, by the New York Central Railroad Com¬ pany to the Bowman Hotel Corporation were made known this week, through the filing of papers in the Register's of¬ fice. The lease is for twenty-one years from Tune 1, 1916, with a privilege for two renewals of twentv-one years each, at a ground rent of $175,000 a year. The lessee will also pay 2 per cent, on the total cost of construction and 6 per cent, per annum on the cost of constroction and 91 per cent, of the taxes. This is the site which is to be improved with the twenty-eight story Commodore Hotel, which may involve an expenditure of close to $9,000,000 in its entirety. Landmark Leased to Bank. The Columbia Bank has practically concluded negotiations for the leasing of the vacant plot on the west side of Broadway between Canal and Lispenard streets, fronting 36.6 feet on Broadway, 127.8 feet in the former and 126.1 feet in the latter street, with an irregular west¬ erly line. The propertv is owned by the Brandreth Estates, and was occu¬ pied by the Brandreth House, a noted hostelry in the early sixties. The estate will erect on the propertv a two-story building to be occupied by the lessees as a branch bank. Final papers in the transaction, it is said, will be executed at a meeting of the Board of Directors of the institution. Chicaeo Concern Leases. Pease & Elliman leased for Lee & Fleischmann the westerly store in the new buildin.g under construction at 23 and 25 West 44th street, running through to 22 West 45th street, formerly the site of the one-time Berkeley Lyceum, to Crane & Company of Chicago, manu¬ facturers of valves and fittin.gs and dis¬ tributors of high-grade plumbing fix¬ tures. The leasing concern has factories in Bridgeport and Chicago and branch offices in fifty cities throu.ghout the country. The snace just acquired will be used for exhibition purposes. To Open 37th Branch. The Corn Exchange Bank has leased through Manning & Trunk the major portion of the Lexington avenue front¬ age of the ground floor, including the corner, in the fourteen-story apartment house now being built at the northwest corner of Lexington avenue and 72d street by the Jatison Construction Company, Julius Tishman & Sons. The term with renewal covers a twenty-year period. The bank will establish at this location its thirty-seventh branch.