New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-01
BIG MORTGAGE LOANS.
SINCE JAN. 1, S488, 00o0 o0.
Gain of $50, OO0,OOO in Manhattan
and BrOnp BuiLding.

| Since January 10 date about s4sS 100000 has
| been loaned on bond and mortgage on Biauhat-
tan and Bronx property. as against $24s, 1000
for the corresponding period last year. This II
an increase of nearly s245.0o0,000 The Larger
part Of the loans was obtained by operators
and builders to perfect their plans eithsr Tor
the purchase or heierection Of fathouses. Thsf-
ability to get the use Of vast sums Of money 70
carry on their operations shows what confdsncs
the big money lending concerns have in the
future Of the realty market
So widespread has been the building ACTIVITY
in the last nine months that plans for 3,7lS
structures to be erected in Manhattan or Tia
Bronx we're fled in that time. and the est
mated cost Of those houses was placed at s13i-
47S,000. In the first nine months Of last year
plans for 22f7 houses to be built IN Manhattan
or The Bronx were fled and the estimated cost
of those structures was placed at $71,61s470
Thus, since January 1 the building plans re-
corded have called for the expenditure OF about
s6O.00o,00O more than those filed IN the CORE
spending months of last year.
There are signs that the remarkable purchas.
ing movement in fathouses Of the present sea
son is to be followed by a much better market
for apartment houses Of the best type Sales OF
such houses were feature Of the market last
week.
One Of the largest apartment house deals re-
ported in the week was the sale by BREASTED
Goodman & Hershfeld. for the West Side Con-
structton Company Jacob Axelrod}, Of the three
new six story elevator apartment houses. Nos
SIT TO 531 West 121st-st.. 2O0z1OO feet. facing
the grounds Of the Horace Mann School Thsy
are known as the Gerard, the Miami and the
Spencer.
The houses rent for over $4,000 year. The
selling price was in the nelghborhood OF $780,
600. The purchaser was a syndicate Of Rochester
business men, recently formed TO operate in high
class New-York real estate, this being their first
investment here.
Henry D. Winans & May sold for Mrs Eliza
J. Macdonough the Tuxedo apartment house,
NO. d9VO LexlngtoI-aVe-' the northwest corner
of 118th-st 1t is seven stories and occupies a
plot 40x90 feet q
William Oppenheim sold, through Edward "
Leavy, to Mrs. Rosie Levy the Washington
Square. a six story elevator apartment house.
No. 50 to Sc West Washington Place 1t is on a
plot 66x100 feet. Mr. Oppenhefn also sold 10 the
Corporation Liquidating Company a plot at the
northeast corner of 117th-st. and Jerome-ave.
The parcel has a frontage Of 1852 feet in nth
St and 1171z feet in Jerome-ave- The Mount
Hope Hotel occupies the plot He bought from
the Corporation LiGuidating Company the Edin-
boro. a six story elevator apartment house. at
the northwest corner of 103d-st. and ATnster-
dam-ave., on a plot 7511x1Oo feet The pur-
chase price was about S2OO,OOe.
Matt j. Ward Company, hotel brokers, leased
the new Hotel Marseilles, 1O9d-sL and Broad
way to Louis Lukes formerly proprietor or the
Hotel Batz Milwaukee. Wis. and H. c. Girls
void. formerly proprietor Of the Hotel Tourains
Buffalo for term of twenty-one years at a
rental aggrega ting S1-43OO0u
The BotoIph company sold No. Al West 21st-
St a new seven story Office building, on a lot
25x899 feet and No. IS West 27th-st-, similar
structure, on lot 22x989 feet, to clients OF Lee
& F1efschrlan for about S245-0OO-
l. :. & NJ :. Korn sold through waiter T.
Starr No 46 to "a West 24th-st., five five story
dwelling houses, on plot 89X9S-9 feet org
mercantile structure will be built on the site at
the expiration of the lease on the premises;
H J. Kantrowitz resold for Hillman & Gold
ing to the Hauben Realty Company the block
front on the west side Of 2d-aye.. between SSth
and Tooth SITS. a plot 2011Ox1O6 Ieet ana the
plot 150x10O II feet. in 99th-st-. adjoining. Tbs
buyers will erect on the premises nine SIX stcFy
NJ Worgenthsu. ir. & CO. sold for Klein s
ia ckson to Samuel q. Hess a plot OF seven and
one-ffth lots ON the south side Of 67th-st- 100
feet east of 3d-ave. and extending through 10
the north side of 66th-st. The parcel has
frontage Of 90 feet in each street and a depth Of
POI feet It is a part of a plot purchased oy
Klein & Jackson through the same prokers a
few weeks ago. The remainder or the olccs'
comprising the block front on the easterly SIDE
Of 3d-ave from 66th-st. to 67th-st. 2O1x!O0 Leet'
is being improved by Klein & jackson with nat
The Cohen Realty Company sold for client
to Louis Lese nine lots on the west side OF I'M
toH-ave.. 145 feet south Of 165th-sL me SIZE o.
the parcel is 942x270 feet This Is the hrst SAFE
of the parcel in twenty years
Golde & Cohen sold. through Folsom Brothers
No BOA to 80 East 95th-st. one story build
ines on Mot 10Ox1OO feet. occupied by the
Roebling Construction COMPANY The buyer Is
II. Gutenberg
The Mashkind- Feinberg Company sold paI--
eel 1OOx1O0 feet on the south side OF 9olh-sI, o.
feet east of Lexington-ave-. to builder !IlIs7
six story fathouses will be erected on Iile sI.S
Nichols & Lumnlts sold Tor HeITE rNus1n-u
No sos East 1SSth-st.. new six story apart
ment house, 3I6x1O0 feet
Folsom Brothers sold for q. client plot or roor
lots 1OOxfOOS feet. on the south side Of 95tn-st.
100 feet east of 2d-ave.. to ]. B. Meuschei
S Jaffe sold the six story tenement houses, on
1Nn--1 ~111 0rTF
st, 100 feet east of 2d-ave.' Tor Lyman Lss1
to Jacob Levy He also sold TOT LanlpSotsSS
Schwartz & Horn to Mr.. Levy No. 90 90, 20 Ss'
East 119th-st., two six story tenement housss'
ON a plot 7Ox1G0 II feet He also sold for Lam
port. Schwartz & Horn the three six story Ieils
nent houses being built at No. 3o+ 10 2o+ E.ss-
121st-st ON a Moi % 6x1O011 feet 10 MI Levy
He also sold for Cohen s Jacobs TO MI Lev!
No. 2,O22 2d-ave-. six story tenement MOUSE
Alfred Hutter and David Hoexter sold fer
Ignatz Margareten tn Leo Hutter nos 1'2FL
front between 95th and 96th SITS Inc parSGss
comprises eight five story tenement houses YIN
stores on plot pol KISS feet
Reiss Goldberg & CO. and Jacob Jacones r.
solid for Samuel Wacht TO Louis Jacones "a.
two six story hathouses being QUIT 9et on d R6So
T5x1O05 feet on the north side OF 9oth-St. ~
feet west of 1st-aye, and two similar anuttihs
structures In 6Ith-st. g. 1,-,.,,srs
plot 54x12O feet at the northwest corner =.
12qth-st and Conveut-ave. The ouEers r eCsttp
purchased the block bounded by St NlcneLa'
Terrace 10Th and l3Oth-sts and ConFen a.
The osborne estate sold Nos. ana , F@
Place old buildings, on d plot S1hN' ',oN HIes .s
lar The buyer will occupy the premises q "
expiration Of the leases on the premises n u
Maxley & co. were the brokers. =.
Plans were filed last week with Builoinss 1T
perintendent Hopper for a new four story 81 81
basement convent and chapel 70 be bul4t ON 80 -
south side OF t40th st. west or broduNaS.
the sisters of st. Regis. of whom Marie ue Eor
CONS is president II is 10 have Iroltase
81 feet and depth of So feet, with a Iac z.5s
brick with trimmings OF limestone ms 49,.
ing is to cost SOS. 600. according 10 the esfnns
IL. r-lnlr ~