New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-19

day Of the week.
One Of the principal deals Of the week the
sale OF the Scotia Building, three story taxpayer.
at the southwest corner OF 5sth-st. and Madison
eve, by Justice p Henry Dugro. through Samuel
CSoldsticler 20 John D. Crinnlns. Of the larg-
est owners IN the 5sth-st. section OF
Medson-ave. Er. CrimmIns owns the Lenox Ly-
oeuu building occupying the block front on the
east side OF Afadson-ave between 18th and Sth SITS
lie Is considering plans for improving the easter
~ block front and the Scotia parcel with an ar
oade building. The arcades VIII probably be six
stories high The size OF the Scotia parcel is l46x
1908 feet Justice Dugro bought the Scotia plot
about three years ago The asking price for the
property $1,000 It is understood that MI
CrnnHnins paid about that for tho property
Another important transaction was the sale by
Albert Booth Cohn for the heirs Of Phnebe T.
Fountain Of the private dwelling house No. 81 West
s5th-st, in the ClaAin block TO the Whitehall Real
II Company. Although this parcel IS only fifteen
feet wide q commands most strategic position
II is the centre of three small plots in 35th-st.
which together make fifty feet, and It abuts two
2oot plots in 34th-st. that it is the key 70 the
only EJ-foot plot the Tabernacle and the abut-
ting s5tb-st property (owned by Mr.. AItnan) that
Is Immediately available for Improvement 1t is
understood THAI the buyers paid record price for
the parcel
This record price deal IN the Clafin block was
quickly followed by similar transaction in the
same block. II was the purchase by Robert S
Smith OF No. l3 West 34tll-st-. four story and
basement building. q lot 25x126.6 feet, through
Collins 6. Collins end Julian Benedict. from the
Jsautperse Real Estate Corporation for $4,000 The
plot has the right Of way over alley extending
through TO ssth-st. It said thai Mr. Smith
had made overtures TO purchase an adjoining par
Gel for the purpose Of erecting on me combined
plots six story ffty-foot mercantile building for
mis- own business. He is head of the nr1n OF X .
Smith e. Co, Of 14th-st
Mr. Smith bought some weeks ago No 4S west
sath-st. for about *275.O00 which he quickly resold
at n substantial profit Before the present demand
IN hEoOy HeTah
in the Century Building. No West 3Sth-st.. which
Is now owned by the BankerS Real Estate Corpo-
ration. of which Minturn Post Collins is president
WAS rented at about 81 90 square foot The Penn
sylvania Railroad Company and some business
concerns recently leased space in the building at
g 80 a square f9ot.
BloodEood. T,e Saules & Talbot sold last week
for Williarf c. Dewey TO Onward H Litchfeld
Nos 81 End SO West 19th-st-, running through TO
2Oth-st a new seven story loft and store building.
on plot 50x2O0 feet Mr.. Litchield gives in part
payment forty lots ir the Park Slope section OF
Brooklyn
Whitehouse & Porter also sold last week for
Reginald c. Vanderbilt a plot of twenty-six lots
on the north side Of 211th-st. running from Broad
way 10th~ave. and having frontage of 1873 feet
in Broadway $50 feet in 21lth-st. and S9u feet in
lOth-ave Gsey Brothers & Co. sold for Christie
rher Moller No 149 Madison southeast corser
of s2d-st. four story dwelling house. a lot
249xl00 feet, together with two story stable. No
q East 32d-st.. adjoining. for about S650Oo The
pFGperty has been owned by the MDher family Tor
forty years. william NJ. Simpson. the buyer will
alter the building for business.
an interesting deal in East 28th-st- the sale
by a l. Mordecai & Son for Anna N. Somerville
to the Gotham Building and Construction Com
pany OF the partly completed twelve and one
half story apartment hotel the south side Of
2Sth-st. l25 feet east OF 5th-ave. The Gotham
Building and Construction Company will complete
the erection of the building. The building is 70
feet front by about 100 feet deep. 1t will be high
class apartment hotel. The principal stockholders
In the Gotham Building and Construction Company
are Henry l. Felt James Mulhern. Edwin Shut
tleworth and Anthony Schwoerer.
A $4,000 transaction in West lbth-S st was the
sale by Braistead. Goodman & Hershfeld for VIII
lam l. O'Connen to Alfred Lauterbach for in
vestment Of the new six story elevator apartment
house The Cragsmore. Nos. 2l9 and 21 Nest 18TH
st. lot 70X1Oe feet.
J. Clarence Davies sold in the week for the estate
OF Lewis G. Morris to Jackson & Klein $50 lots in
Jerone-ave. Some OF the lots north of NTH
ST.. and the others south of the stTees. The lots
nave frontage of 500 feet I'm the avenue Ford
ham Morris and II. H. Cammann trustees of
tt 1t IS Is "a par par N NJ fa1eI nv King
George IN 1855 The plot just sold has been owned
by the Morris family since that year
Mortgage Company twenty-four blocks. comprising
els lots Of the eastery part OF the kalle estate
near Hunts Point Road
besP e to 5smes Bsne dG9 NG S Eas5 s
four story and basement dwelling house The pur-
-Asses d Co sold for Saline A ellison. to client
- as an Investment the ten story hreproof store and
feet The price about 900. Leopold Wen
sold FOR Max Marx. investor for cash. the FIVE
story apartment houses with stores. Nos 2.Ao 242.
2A4 2,A6 and 24lS shave. at the northeast cor
John II. Berry effected exchange for NJ. /. &
60 GTand-st. adjoining the northeast Of West
Broadway and Grand-st. the sellers taking in part
ave and I7Tth-st- The owner OF the lots is Emile
Ttard The transaction involved $4,000.
The East River Land Company, a corporation re
sSel1 zen % " S1,t ia ree in astoria The
tract has a frontage OF about 700 feet opposite
Hell Gata Among the directors OF the company
ere are { E. F1nlay c. + Ma'tlase and T. j. RICK
Many sales in the Jerome-aye. section were made
e ey deals 6 tha Section IN Which he was broker
was the sale for the Century Realty Company;
oaiIeigh Thorne to Herbert J. Cochran plot OF
nine al point $50 feet south Of is3d-st and run
ming 10 point 2S6 feet north OF ls3d-st M Coch-
the Chelsea Realty Company plot 7SKlb feet. at
the southwest corner Of Jerome ana clinton ayes;
part, follows.
Real estate transactions continue 10 be unprece-
oentediy numerous and wholesonely varied. The
suosloence Of the speculation Washington
volume OF transactions There is a steady absorp-
5,s4 81 P31s1Iess P5operes IN al those marginal
improvement; hathouses and tenement houses meet
With good investment demand and private dwell
ing houses are selling regularly and at advancing
49, %, 'lese dlrleTent sources OF activity
large. On Wednesday and Thursday Of tho last
aces ana I'VE hundred rortgages Taeored Tbfb
Se@s1s tnf usual JoLals Tor me nTst week in May
spring Il IS difficult 10 see how am these rane-s
can be recorded and how an the titles can be es
70 be limit 70 the increase in real estate trad
much more than doubled. Building prospects con
consist cheay of aatEouses ana tenement HOUSES
but there are signs that continuation Of peaceful