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Real estate record and builders' guide: v. 109, no. 4: January 28, 1922

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108 RECORD AND GUIDE January 28, 1922 DANIEL H. JACKSON REAL ESTATE OPERATOR Brokers Invited to Submit Offerinss 135 BROADWAY Suite 911 Phone Rector 3569 Douglas L.Elliman£[o. Real Estate Brokers Fifth and Park Avenue Districts Efficient Property Management Plaza, 9200 15 East 49th St. JAMES BOYD Member Real Estate Bou'd, N. Y. Real Estate—Mortgage Loans 135 BROADWAY Phone: Rector 8$S«-S(St BROOKS & MOMAND Member of Real Estate Board Real Estate Mortgages 115 BROADWAY Phone 22|J Rector CHARLES B. Van Valen. Inc. .Member Real Estate Board of N. Y. REAL ESTATE MORTGAG£ LOANS—INSURANCE 110 WILLIAM STREET Phone: 6000 Beekman SPECIALISTS IN PENN. TERMINAL SECTION REAL ESTATE AGENTS—BROKERS—APPRAISERS H. M. Weill Co. Tel. Loneacro 2290-2S17 221 West 33rd St. FREDERICK BROWN Real Estate Operator OFFERINGS SOLICITED FROM BROKERS 565 5th Ave. Phone Vanderbilt 872S BENJAMIN WINTER BUY AND SELL HIGH-CLASS MANHATTAN PROPERTY BROKERS ARE INVITED TO SUBMIT PROPOSITIONS—Quick Decision GIvan. Lansing Building 229» BROADWAY, AT 82nd STREET Suite 6 Phone; Schuyler 2897 SAMUEL BRENER REAL ESTATE OPERATOR 50 EAST 42ncJ STREET Vanderbilt 3918-19 Leeds Sells West End Av. Comer Rudolph G. Leeds, of Richmond, Ind., son of the late William B. Leeds, tinplate king, sold to Benjamin Winter, of the Winter Realties, Inc., the 12-sly apartment house, 112x100. at 7S0 West End av. southeast corner of OSth st. The house is arranged in suites of from 5 to 8 rooms, and has an annual rental income of about $125,000. Mr. Winter has also bought from Mr. Leeds the 3-sty and basement dwelling at 766 West End av, adjoining on the south, to protect the light and air of the apartment house. The properties were held at $800,000. The apartment house was built by T. J. McLaughlin &. Sons and was sold by thera several years ago to Mr. Leeds, who gave in part payment the southeast corner of Broadway and lO.jth st, which was later improved by the buyers. The Wood. Dolson Company represented Mr. Leeds and Henry I. Cooper of N. Cohn & Co., was the broker for Mr. Winter. Operator in East Side Sale Samuel Brener, operator, purchased from Vanderbilt Webb the five 4-sty and basement dwellings 127 to 135 East 63d st. on a plot lOOx HiO.5. between Park and Lexington avs. on a plot SOxlOO.5. The property was acquired along with a number of other parcels on Park av and adjacent side streets before the New York Cen¬ tral Railroad electrified its road. William J. Roome & Co. were the brokers in the transaction. On the Park av end of the block the Third Church of Christ. Scientist, is erecting an orna¬ mental structure on the 63d st corner, while on the adjoining Park av and 64th st corner is the new home of the Fifth Avenue Baptist Church. A New West Side Building The ever increasing demand for space in modern buildings with heavy floor capacity is one of the reasons for the erection of the new ■S-sty Kymson building, at 313-327 West 37th st, which is now under construction and will be ready for occpancy in May. according to SaD:uel Minskoff the builder. Concerns desir¬ ing to remain in the section north of 23d st and requiring a floor capacity of over 200 pounds per square foot have been practically forced to move their plants and operations to the extreme east or west sides of the city. The majority of present buildings north of 23d st and adjacent to main arteries of the city, being built for tbe express purpose of office, light manufacturing and garment concerns, have not been able to accommodate manufacturers of commodities necessitating heavy floors. .Jacob Monsky, president of the Herald Square Press, realizing this situation and hav¬ ing the fact brought home to him in his own business, conceived the idea of relieving this condition somewhat by the erection of the Kym¬ son Building. Consequently heavy floors, good light and fire proof construction are facts whlc^ are sure to be of interest to many concerns. The building has been designed by Schwartz & Gross the architects and Price. Birkner & Johnston have been appointed as managing agents. Elmore Court In a Trade Elmore Court, a fJ-sty elevator apartment house. lOSxliH. at 541 West 124th st, figured in a three cornered deal. The property, which was held at $235,000, was sold by Joseph M. Ximhauser for Joseph G. Abraham, who was represented by the Lloyd Winthrop Co. The purchasers were Isidor and Philip Baer, who save in part payment the 5-sty. triple flat, 130 Edgecombe av, 25x112. held at $42,500. In further payment the purchasers gave two second mortgages, amounting to $40,250. on the premises at 75 to 83 Northern a v. As part of the transaction, the parcels given in trade were all sold by the Lloyd Winthrop Co. to a client. This is the second three cor¬ nered deal elTected in less than a year by Joseph Nimhauser for the Mes&rs. Baer. Tenants Were the Buyers Charles F. Noves Co. were the brokers who sold 277 Pearl st'to Clinton K. Scofield : lOO-Ul Beekman st to A. W. Craven, and a plot. 35.Ox 100, on Atlantic av, adjoining the southwest cor¬ ner of Kingston av. Brooklyn, to Charles H. Eggert & Bros. Title to all these properties was transferred within the past few days and all purchasers are present tenants of the premises sold. The Noyes company reports a strong demand for investment properties and properties suitable for occupancy. N. Y. Times Leases Stores Theodore C. Young leased to the Xew York Times Co. the stores in 213-215 West 43d st, which adjoin on the east the Times Annex building. The Times occupies adjoining stores, under lease, as well. At 231-230 West 43d st. adjoining the Times Annex on the west, are five o-sty brick and stone apartment houses, on a plot 100x100.5. which The New York Times Co. owns and whinh it will soon reimprove with an addition to Its building that will be of equal height to it. Tho Times is now using parts of the old luiildings it owns for some of its departments. Undivided Pier Interest Sold Cruikshank Co. sold for Miss Caroline de For¬ est, Frederic W. Rhinelander and George W. Murray, executors of the estate of Mary R. Cal- lender, to Charles E. Perkins, a large undivided Interest in Pier 16 and bulkhead and Pier 18 and bulkhead. North River. Pier 16 is under lease to the N. Y. C. & H. R. R. R. Co. and Pier 18 is under lease to the EasternSteamship Lines, Inc. Pier 16 is at the foot of Barclay st and Pier 18 is at the foot of Murray st. West Side Plot for Improvement S. Morrill Banner and Herbert Mitler, the operators who recently purchased the Tribune Building at 154 Nassau st. have added to their now extensive holdings in Manhattan by acquir¬ ing the four 3-sty and basement brick dwellings, 71 to 77 West 12th st, on a plot on the north side, just east of Sixth av. The buyers will erect a 6-sty elevator apartment house on the site. The properties were sold by Pierce F. Groome, a cotton broker, who has held them since early in 1020. Peyton, Randle &. Co. were the brokers. Completes Apartment House Site Pease & Elliman sold for Juliet A. Stursberg to James C. McGuire & Co., builders, 955-950 Lexington av, adjoining the southeast corner of 70th St. No. 055 is a 4-sty and basement brick dwelling, on a plot 38x80.6, and 050 is a 3-sty and basement stone dwelling, on a lot 21.6x80.6, while 057 intervening, is a vacant lot 10.5x80.6. The aggregate plot is 70.1x80.6. In January of 1020 the same firm bought through the same brokers 043 to 053 Lexington av old 4-sty dwellings, giving them a frontage of 17!i.4 in all on the east side of the avenue. The builders are having plans prepared for the proposed improvement. The seller of the plot, purchased in 1020, was the estate of James McCabe and Henry and Simon McCabe. Seamans' Estate Sold Two Parcels Estate of Clarence W. Seamans not only sold the gore. 2x100x8.1, at the northeast corner of Bleecker and Lafayette sts, and along Bleecker st to Shinbone alley, but it also sold 51 Bleecker st, adjoining a 4-sty and basement brick build¬ ing, on a lot 27x100 and through to Shinbone alley. L. Tanenbaum, Strauss & Co. were the brok¬ ers in both transactions, the buyer being George A. Gunshor. A store will be built on the gore. Fine Home Site Sold Brown-Wheelock Co., Inc., sold for the estate of Henry D. Babcock. 20 and 22 East 71st st, a vacant plot. 45xl0