New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-15

UNEXPECTED
annoyance at the market having been saouieu
with the mortgage tax measure was vlVioS Fe
vealed in realty circles. When there was oAnSe
of the market being forced to stand ne" laA
on mortgages many meetings were held Dy real'y
men to protest against the proposed Aa"' @IiN
at some of these gatherings severai leaoers a.
the market said that II the mortgage 'aA ol'4
became law the Republican maJorltles In INC
State would suffer. There was announcer Ao"'
from real estate men after the measure oecaIie
law but in the summer the opponents Oh TIC
measure said little for publication ABOUT the "a"
being q severe setback to realty prosperity anu
# looked as if they had reached point III Ine
study of this important subject, the taxauon Oh
,,ortea pes which they had selected as the most
suitable place where they could right ABOUT
face" without attracting any unnecessary a.
tention When they seemed, however, most
quiet in their opposition to the new law IneS
were doing excellent proselyting IN the camp
of the supporters of the measure because u
the mortgage tax measure there was toiLneo
the Allied Real Estate Interests, an incorporated
organization whose watchword is protecuon 10
reaItv interests Without any great bare OF
trumpets that organization has WITHIN ie"
months become one of the most powerful bodies
of real estate men ever formed. and. working
shoulder to shoulder as members Of that splen-
didly created and wisely managed organization
the realty market has been clearly mace 70 see
the serious effect Of the law on realty conoA-
tons. There is longer any cheap money
offered to builders and operators to carry OUT
their plans. Cheap" money is loans at per
cent OF at less rates Of interest. The law says
unequivocably that the money lender must pay
the tax on mortgages, which is one-haH OF Per
cent. The money lenders, however DO not pay
the tax 1t is the borrower who is just at pres
1-loo% Stats
he is going to try to make people who pay rent
repay him by charging them higher rents.
The total number OF Manhattan and Bronx
mortgages recorded last week was 80. as
against 341 for the corresponding week Of last
year. The number of per cent mortgages last
week was 1876, and in the similar week Of last
year ITO. The 51a per cent mortgages were 90
For the week ending October il OF last year no
51s per cent mortgages were fled. There were
SO per cent mortgages last week. year ago
131 were filed in one week These tables plainly
show that borrowers cannot get pleasing
loans as they could year ago. There is also
a marked decrease in the sum of the loans. The
total sum OF the mortgages recorded in the week
ending October 13 of last year S6.143,25S as
against S3.487. 500 last week. Here is decrease
Of nearly 100000 in mortgage loans in one
week
One of the principal deals made last week was
the sale by the East Bay Land and Improve
ment Company of a large part OF its plot at
about 136th-st. and the East River to the Oak
Point Land and Dock Company On the plot Is
the famous Casanova mansion, which many
years ago was one of the show places 'front.'
ing on the East River It built to resemble
a French chateau by Benjamin M Whitlock.
New-YorI merchant. At the death Of Mr..
Whitlock the property passed into the hands Of
Innocence Casanova, and became the render
vous of the Cuban patriots during the ten year
war for the freedom of Cuba The mansion VIII
be torn down.
part of the plot is occupied by the New
York New-Haven and Hartford Railroad 1or
its new freight yards. another part by large
manufacturing plant and the remainder OF the
eighty or ninety acres in the plot will soon De
covered with lumber. brick and stone yards.
warehouses and manufactures. The purchase
price was little more than S4oOooo
Another important transaction was the Pur-
obaea nv the Anheuser-Busch Brewing Asso-
charlton of No 425 to 433 Ith-ave. six story
building on a plot 1234x1O0 feet The LIN
ave- parcel also includes an ADJOINING LOT @oA
$50 feet. 49, ,o,,,,b. q
A syndicate headed by Max Marx bought
number of large tracts of land between inc
Pelham Bay Park and Waken 1,b1cb 3Se land
purchased forms part is at present olInGuI' %
access. 1t is not traVersed by any Inc 81 ~
n.
transit facilities in the near future. as Ito
Rapid Transit Commission recently decldeq 20
extend the rapid transit ROAD TO FeinaIn Pay Pay
Park. 1t is said the syndicate has bought ano1t
45O acres for about S1,5OOOOO. The parcals
bought by the syndicate were: on
The SchieffeIin estate holdings nearly ZUo
acres along the northwesterly side Of the Bos-
ton Post Road, and bounded the north and
west by the Edenwald properties. ooo ,.
The Faile estate parcels. more than 1oo acres,
fronting in the Boston Post Road
The Tflden-Blodgett tracts. about thlrty-nve
acres. adjoining the Schietfelin and schnuss eS-
The Francis ]. schnugg property. about sixty
acres, between East Chester Road and SaWn1u
Lane east Of the Boston Post Road
The Wiets tract of about eight acres, north
of the Schnugg parcel near the city Line and
John I. Martin bought through Psase 6 Eli
man and Frederick T. Barry No. 15o to 1874
East 7Oth-st, four four story and basement
dwelling houses, each lot 19.Sx10O.o feet
The house will be made into American base
ment dwellings
Brewster to George H. Robinson the property
No. 80 West 17th-st., q four story brown stone
dwelling house. on lot 25<92 feet.
The Realty Mortgage Company ana t1eiInsr q
Wolf purchased from William and James H.
Donald Nos 125 and 127 East 16th-st. being
90 feet front and rear by the half block In depth
H E Hewson was the broker.
NJ H Beringer 81 Co. sold for the Jeremiah c.
Lyons Building and Operating Company five
story structure on a lot 26xSO feet at the
southeast corner of Fulton and Dutch SITS. The
buyer will erect fourteen story office build
ing the site at the expiration OF the Lease on
the premises.
Douglas Robinson Charles s. Brown & 90.
sold for William Agar. OF New-Orleans. to
George R Pond Nos. 90 and 90 LAberty-st..
southwest corner of Temple-st The parcel is
a seven story office building Oh plot o4.5x62.6
feet.
Samuel C. Pulls of the office OF Edward N.
Crosby sold for Joseph W. Masters about one
hundred acres on the north shore OF Staten
Island in Mariners Harbor. The property
originally part of the old Post farm. It lies
between the Kill Won Kul and Bridge Creek
and is intersected by the Baltimore and Ohio