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Real estate record and builders' guide: [v. 99, no. 2550: Articles]: January 27, 1917

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122 RECORD AND GUIDE January 27, 1917 BUILDERS DINE. Building Trade Employers' Association Banquet a Success. P ROBABLY no single event in the year contains greater interest to the building and allied trades of the Metro¬ politan district than the annual banquet of the Building Trade Employers' Asso¬ ciation. This function was held at the Hotel Biltmore, Wednesday evening. January 24, and was attended by approxi¬ mately eight hundred members of the or¬ ganization, with their guests. Reports had been current in the trade for quite some time the dinner of 1917 was destined to mark an epoch in the life of the organization and that it was certain to be one affair that the members could ill afford to be absent from. The dinner and the excellent programme that fol¬ lowed fully bore out the early predic¬ tions, and many were the remarks over¬ heard to the extent that the entertain¬ ment of the evening was by far the most successful social event in the fifteen years of the history of the association. With the single exception of a very brief address of welcome by Hugh Get¬ ty, president of the association, no speeches were scheduled. The dinner was followed by an interesting cabaret consisting of singingaiid dancing. The annual dinners of the Building Trade Employers' Association have al- w-ays been noteworthy and unique for the good fellowship displayed by those in at¬ tendance and the affair of the past week was by no means an exception to the general rule. As soon as the dinner proper was ended there was a constant circulation from table to table where greetings and views on existing and prospective conditions v ere exchanged. The following committee had charge of the dinner arrangements: Ronald Tavlor, chairman: Max Baumann, W. J. T.'Gettv, lames Gillies. T. A. O'Rourke, Frcd.B. tuttle and Nathaniel Webb. PRIVATE REALTY SALES. Pla-Stick the Waterproofing Compound always Ready for Use In Cans In Tubes Ready for Use Owners of buildings appreciate the seriousness of delays often caused between the time of a break or leak and the arrival of the plumber. With a tube or can of PLA-STICK you can instantly and permanently repair ordinary leaks. With a putty knife wet with a little benzine, kerosene, or crude oil you can smooth and flatten the surface of the applied PLA-STICK so that the patch will have a finished appearance. PLA-STICK includes in its makeup antiseptic qual¬ ities acting as a powerful disinfectant when used to stop cracks where vermin or dangerous microbes have been accumulating. PLA-STICK in tubes or cans is always ready for use. is easily handled and does not grow hard nor crack. Its use will save much annoyance and costly repair bills. Sold under a positive guarantee of satisfaction or money refunded THE WEMLINGER COMPANY, Inc. 42 Whitehall Street, New York 1 oz. "An ounce of prevention is worth a pound of cure." Our 24-Hour Certified report on a prospective tenant furnishes that very necessary "ounce of prevention" to the owner or Real Estate broker. Wide awake Real Estate men realize the importance of knowing the moral and financial standing of appli¬ cants before the lease is signed. Do you? Ask us to tell you about 24 Hour Certified Reports THE TENANTS' RECORD, INC, Tel. Cort. 5838. 41 Park Row THE total number of sales reported and not recorded in Manhattan this week was 27, against 41 last week and 24 a year ago. The number of sales south of S9th street was 10, as compared with 14 last week and 7 a jear ago. The sales north of 59th street aggre¬ gated 17, as compared with 27 last week and 17 a year ago. ^ From the Bronx 11 sales at private con¬ tract were reported, as against 6 last week and 11a year ago. Statistical tables, indicating the num¬ ber of recorded instruments, will be found on page 130 of this issue. $2,000,000 West Side Apartments. F. R. Wood, W. H. Dolson Company, sold for the estate of Aniadee Spadone the southeast jcorner of West End ave¬ nue and 73d street, fronting 31 feet in the street and 76.8 feet on the avenue; also for C. N. Simon, the adjoining prop¬ erty at 280 West 73d street, 17.3x76. The purchaser is the Gramont Holding Com¬ pany, T. J. McLaughlin. The new own¬ er controls a plot 78.8 on West End ave¬ nue by 100 feet in the street, having recently acquired adjoining property through the saine broker. The site will be improved with a high class thirteen- story apartment house, to be ready for occupancy in the fall of 1918. The deal in its entirety will involve approximately $2,000,000. Buy Tweniy-Four Dwrellings. A. L. Mordecai & Son and Potter & Brother have purchased from the Clark Estate, through Slawson & Hobbs, the row of twenty-four private dwellings in the north side of 73rd street, between Columbus and Amsterdam avenues, known as 105 to 151 West 73rd street, comprising a plot with a frontage of 450 feet and a depth of 102.2 feet, beginning 50 feet west of .Columbus avenue. The property has been in the same ownership for more than forty years, the houses having been built by Alfred C. Clark about thirty-five years ago. The new owners will offer the property for resale to builders in plots, suitable for develop¬ ment with high-class apartment houses. It has been calculated that when the new apartment houses are completed the deal in its entirety will have represented an outlay of close to $3,000,000. The pur¬ chase marks the first large operation of the West Side with which these opera¬ tors have been identified within the last five years. The houses are located in a choice residential block, being midway betwen the 72nd street station of the ele¬ vated railroad at Columbus avenue, and the subway station at Broadway. Mem¬ bers of the Clark family still retain ex¬ tensive ownerships in the immediate neighborhood. The last big purchases, in which these operators were interested on the West Side, were the Furniss Block, 99th to 100th streets. West End avenue to Riverside Drive and the Ar¬ thur Curtiss James property just east of Amsterdam, avenue in the north side of 86th street and in the south side of 87th street, all of which land has since been improved with high class apartment houses. Lessee Buys Fee. The Bush Terminal Com.pany has ac¬ quired the fee to the property -at 132 to 134 West 42d street from John Hoge of Zanesville, Ohio, from whom it leased the property in January, 1916, for a per¬ iod of sixty-three years. The property was acquired by the Exhibition Building Company, a subsidiary of the Bush or¬ ganization. Abutting property at No. 135 West'■41st street was purchased^ by the same interests last year from William Lustgarten. The Bush Company also controls the adjoining property at No. 137. A first mortgage loan of $800,000 al 41/2 per cent, was negotiated by the M. Morgenthau, Jr.,- Co., and will finance the erection of the new Bush Terminal Company's exhibition building. The mortgage was made by the Dime Savings Bank of Brooklyn and is one of the larg-