New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-25
THE WEEK IN REALITY.
Purchase of apartment Hotels a
Feature.

exist IN nearly every section of the city.
So far this season there have been many I'M
portant transactions In nearly every type or prop
erty For some months there has been a record
breaking purchasing movement in vacant laho IN
the upper sections of the city, especlaHy III ne
Bronx With the first heavy fan OF snow TINS
movement lost some of its vtgor. as was to be
expected But listless days IN the market did not
follow While the vacant land purchasing move
ment was oYershadowing other realty transactions
the market for choice improved parcels on man
haitian Island was becoming better. and hna'!y II
became the leading feature of almost every cay.
In the last week it showed strength OF the most
pleasing type In the course Of the week one OF the
deals in choice Manhattan property reported was
an investment purchase by the Rev. X L. ho"eH'
Of Washington of three big apartment hotels valued
at S41500oo That is the banner realty investment
purchase OF the season.
The parcels in the deal were the hotels Regent
and Aberdeen and Breton Hall. as reported IN
The Tribune on Friday. The Rev. Mr.. Howell IS
1T present In Philadelphia where he was formerly
pastor Of an Episcopalian church He married Mrs.
Mary T. Rush. daughter Of Benjamin 7. Rush and
Is brother-in-law of William Masters Camac' OF
Philadelphia he was on Friday reported as say
ing through his attorneys that the reason ne pur-
chased the hotels investment was because
he thought them to be three of the best situated
hotels in this city. He gave In part payment Tor
the hotel property, 1t is said Pittsburg real estate
He took tile on Friday to the property. The mort
cages on the property. as indicated by the oeeos
recorded. amount to & 10000
J F Berger OF Pittsburg, the broker in the
s. 10000 deal. The buildings modern in every
detail. They were ready for occupancy in the ran
Of 1903 They contain about thousand living
rooms and i've hundred bathrooms The total rental
Of the buildings year is s220oOo Each building Is
thirteen stories high.
The Hotel Regent is strictly a family apartment
hotel It is built of stone. steel brick and terra
Gotta and is absolutely hreproof. 1t Is within one
block Of the Seventy -second-st station Of the sub
way which is an express station. The building
faces Sherman Square. which gives 1t a southern
exposure II has frontage OF lo05 feet in Amster-
dann-ave and Of 100 feet in Seventieth-st. II is
under lease for twenty-one years to the Sherman
Square Hotel Company Of which Frank M Rogers
is manager.
Breton Hall occupies the block front on the east
side of Broadway from Eighty-ffth to Eighty-sixth
St. with depth of ia feet This building is OF
the largest exclusive apartment hotels in this city.
It is under lease for twenty years 70 the Anderson
& Price Company. which conducts the Ormond
Hotel IN Florida. and the Mount Washington and
the Mount Pleasant. in the White Mountains.
The Hotel Aberdeen occupies the premises No. II
to p West Thirty-second-st. 1t has a frontage OF
1873 feet in Thrty-second-st.. with depth OF 100
feet This building is under lease for twenty-one
years to the Thirty second Street Hotel Company.
IMPORTANT FIFTH-AvE. SALES
There vera several important sales Of Fifth-ave
property in the week One was Of the vacant plot
owned CT J. Henry Smith at the northeast corner
OF Fifty-second ST. and Fifth-ave, TO Frederick G.
Bourne, who will build two dwelling houses or tho
site, one for his occupancy and the other for
friend The plot has q frontage OF 80 feet in the
and Of 100 feet in the street This part Of
the original Hotel Langham property bought a
little more than a year ago by the New-York Realty
Corporation, acting for the Vanderbilt family
which purchased it to protect the light and air OF
| the Vanderbilt property on tho side OF the
avenus and the residential character " the neigh
I borhood. Mr.. Smith intended TO erect a dwelling
house for his own occupancy on the plot but he
abandoned the project when ne bought the William
! = "hlthey mouse IN Upper Fifth-ave The Smith
parcel at F1fty-second-st. Is assessed at $3.50 OO0
| John ~ Golding was the broker In that deal He
was also the broker in another important Flfth-ave
transaction reported in the vyeek-the sale for
Simon Guggenheim of the vacant plot at the
| south corner Of Seventy-ffth-st.. and Fifth-ave
| 70 Otto H Kahn. Of Kuhn Loeb & Co The plot
| has frontage Of 572 feet in the avenue and Of
10 feet in the street. Mr., Guggenheim bought the
plot about two years for S3s5.000 The present
purchase price is said 10 have been about $500 900
An interesting deal in the West Side section.
north Of Fifty-ninth-st. last week. was the sale
by Edward y. Crosby and l. J. Du A1al.ant for the
! Corporation Liqudating Company to an investor
OF the Elwood. new six story. eeva apartment
house. Nos and West ne-hundrcd- and fl fth-st
! The house IS a plot 50xl0QIl feet.
Douglas Robinson Charles S. Brown & Co were
! the brokers in several large transactions Of the
! week. One OF the largest deals which that firm
/ negotiated the sale for the MONTGOMERY
estate 10 me Macomb Realty Company of q tract
comprising seventy lots. bounded by Aoueduct- ave
Macomb Road and by the Morris and Leet estates
william II. Chesebrough. Kiien & Jackson and other
persons or realty firms comDrise the syndicate
which has bought the property.
The same firm last week also sold for the Pres
oyterian Hospital plot S5xlO22 feet, al the north
west corner Of Seyenty-nrst-st and Park-ave TO
j. J. Higeinson- High class dwelling houses will
| DE built on the site
The Hudson Realty Company bought last week
! nm ne ErgIif c~I
! greater part Of the block bounded by the north
side Of West One-hund tk!r y-nuth-st the
south SIDE Of West One-hundred- nd fortieth-
| the east side Of Eighth-ave. and the west side OF
! Scvenlh-aye.
! The property comprises twenty-three lots on tho
south side OF One-hund red-and- fortieth-st betnp
555Xs9i feet in depth and includes the entire bIock
front excepting the corners. In Seventh-ave II
includes four buildings Nos. 23S2 22s4 23ss and
2368 Seventh-ave each Of the buildings having a
One-hundred- and thirty nth-st Il includes TWEEN
ty-seven buildings all private residences. Nos 2O5
I. 2o9 81. 29. 81. Z3 225 227 223 23l 233 235 2s7
255 west One nd Vi MI So
These residences are known the King model
The SIC Of the buildings vary from 1872 to 2o4ls
feet in frontage II also includes the northeast
ninth-st being 43l feel in one-hundred-
win four story bgildng the main noor Contain.
Ing six stores: - The Hudson Realty Company
persons who desire 10 occupy the same and sell
ne lots TO ouiIasrs Ior improvement with high
uated the sale OF this property
REPORTED DEAL IN BROADWAY.
Apart from the investment purchase Of Breton
Hall. one of the principal Broadway deals OF the
week was the reported sale by the Metropolitan
Museum OF Art Of No. sol Broadway a FIVE story
Office and loft building. between Spring and Broome
sis. The building runs through to No. SO Mercer-st
ia n eff IN he