New-York tribune., 1900-12-07
REAL ESTATE.
J. PIERPONT MORGAN BUYS GILL BUILD
ING-MORRIS X. JESUP MAKES
BIG PURCHASE


terday was the entrance into Il OF two men who
are better known in the heId OF finance. though
each conducted the negotiations through a second
party. and n can be said good authority that
the two men have made their purchases for invest
ment- They were John PIerpout Morgan and
Morris X Jesup. The deal wfth which 1Ir. Morgan
IS connected is the reported purchase OF fifteen
story GIL Building. Nos. g. II and IS Maiden Lane
which has been offered In foreclosure several times
during the last few weeks only 20 be withdrawn
each time Mr.. Morgan is said to havs bought the
building through Walter r. Horn and to have
given in part payment the Hotel Darlington No
- 20 % west Twenty-seventh-st.. which came into
MS possession on April 2s 1899. in the name os Mr.
Horn The amount involved Is said 20 be nearly
s2O0OO9
The Gin Building is in the centre OF the jewelry
district. and was built especially for this trade
Inc Mutual Life Insurance Company holds
mortgage on the property for 800 90 and second
mortgage for S230OOO Is held by Frederick Aver Of
Boston. who brought the foreclosure action against
Frank N Gin and the other owners OF the building
The transaction in which MT Jesup is reported
as the purchaser Is the sale Of the saxOny a seven
story apartment house at the southwest corner or
Broadway and Eighty-second-st Jesse c. Bennett
N 20 We're the brokers. and the seller is Albert
SAKE The building stands on sgx1OO foot plot
The price realized g75OOO The Saxony ad-
JOINS the Torres. an apartment house OF similar
construction at the northwest corner Of Broadway
and Eighty-frst-st u built two years ago by
Alexander Walker. and sold by him Morris X.
Jesup. At the Office OF Mr. Jesup his reported
purchase OF the saxony could neither be confirmed
denied
The entrance Of such men into the real estate
market. one as a purchaser Of downtown property
and the other purchaser Of an uptown parcel
is looked upon with the utmost satisfaction by the
rank and hle o. real estate men. The Investment
OF what may he called outside capital is bound to
insure still greater confidence in the market
Another big deal was the purchase Of plot OF
about thirteen lots at the southwest corner OF
West End-ave. and Ntnety-second-st.. by Flake &
Bowling. The property was sold by the Chisholm
estate The parcel has frontages of 1235 feet in
the avenue, extending from Ninety-second-st to an
old lane, and CT 800 feet in Nnety-second-st, from
West End-ave.. to within 100 feet OF Riverside
Drive. The west and south dimensions 1913
feet and 5005 feet
H. z. Care has sold to Janpole & Werner for
James D. Putnam the five story brick and stone
building at the northeast corner Of Madison-ave.
and One-hUndred- ed-and-seventeenth-st, 34I1x10S.
No 50 East Seventy-slxth-st. four story brown
stone dwelling house. lot 17x1O2.2. sold Tuesday
in foreclosure. by Peter T. Meyer is reported to
have been resoId for the plaintiff. William NJ
Evarts, through Herbert A. Sherman.
Daniel Roseabaum has purchased from Mrs.
Wilson an old three story dwelling house on lot
25x about 1O2. No PSI West Eleventh-st. The
Luyer will probably resell with a guiding loan
II. Kamak has sold for Pcken & Lilly to Mrs J.
Mclean three story prick & ana stone dwelling
and-thi rty-sevenJn-st.
L. J. Phillips & Co have sold for Jacob +. Gull
man. at $4,000 the lot, 25x1Oo. TIE south side
. of Seventy-seventh-st. CManhattan Square SOUTH
Us feet west of Central Park West, for improve
ment with dwelling house On the lot adjoin-
ing the west Mr. Cullman, who still owns
75foot frontage at that point will erect dwelling
have sold for b. BlumenthaI as president of the
Congregation Rodoph ShOlOm, the plot. 36x1OO, on
the south side Of Eighty-eighth-st., 14S feet west
of Park-ave-; also. for Mary Ehrmann, the plot
5l1X100.Sis adjoining the above the west. The
buyers of both parcels a firm Of builders who
will erect apartment houses on the site.
Edward ]. yelling jr.. has sold for J. j. Deeshon.
to NJ. Erlanger No. 3l6 East observation-disclosures
seventeenth-st. 25X1OO.
The Cheesman estate has sold to firm of oper-
ators the five story brick and brOwnstone dwelling
house, lot 15x9s9. No. 90 West Twentysixth-st..
which adjoins the block owned by the Astor estate.
of operators to a builder. who will improve with
six story hathOuse buildings
John II. Deane has sold for Nathaniel s. Simp-
TO John o. Baker the lot, 75x90 II. the south
OF Broadway; also for the estate OF Charles P.
DAILY TO Andrew Larkin the plot 120Xl20, on the
north side OF -and-eighty-t -thrd-5t, 106
feet east OF PrOspect-ave.
John ?. Leo has sold to Mrs. Travis No. 40
West One hundred and -forty-sxth-st, three ana
a half story limestone dwelling house, on lot ok
9911. 1t is of OF eight recently finished
Mrs William Wilson has sold to Daniel Rosen-
baum No. PSI East Eleventh-st.. old three story
dwelling house lot 25Xl01.6.
NJ T.. Hewitt & Co. have sold for the Mum estate
to A. r. SmoOt No. 225 West FOrty-ninth-st. three
story and basement brownstOne dwelling house. on
Edward s T. Kennedy has sold to a drug and
chemical firm the six story warehouse on the south
east corner of Christopher-st and Waverley Place.
Caroline UnderhfI has sold TO James o. Lowe No
1O4 MacdoUgal-st. three story building. on lot
25x100.