New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-22
BIG BROOKLYN DEAL.
Three Million InUoIUed = Justice
Gaunor a Seller.

Michael l. Mclaughlin president Of tbs Mo
LaughIin Real Estate Company, has purchased for
the company in the last few days about ten thou
sand lots In Kings County, at cost OF more than
100000 Included in the purchase is the Gayrox
farm of 600 lots purchased four or five years
ago by Justice Gaynor ana another person This
tract of LAM extends north nearly to Avenue Z.
the south to Avenue NJ, the east to East S1st-
st. and on tho west to Kings Highway.
One of the largest tracts obtained by the COM
pany comprises 1000 LOTS sold by Mirabeau l.
Towns. That tract Of land formerly known
the Kowenhoven and Wyckof farms, the former
comprising one hundred and eighty and the
latter forty-twO acres It was purchased some ton
years ago by Mr.. Towns and his associates an
investment. There is included In the purchase a
valuable franchise for water supply In Brooklyn
One Of the best water basins IN Brooklyn Is said
to be on the tract Tests made by the city show
It is said, that than 100000 gallons day
be furnished from this property, and the sup
ply is thought to be inexhansttble- 1t is the in
teDtiOn Of the Mclaughlin Real Estate Company
to form a large corporation for developing the
property, Water plants. well as large electric
light plant viii be built on the land The AoWen-
ave The RaIph-ave car line viii In the near
future be extended to Church-a and through the
The property is bounded on the north BY Kings
ghwa on the east by TIE road ron m a,f ~
Avenue J. on the west by Kings Highway and
The MdLaughn Reel Egtats G9mDany has also also
number of smaller parcels These farms s were re-
bought some time ago by the seller, and there Ia
now under oonstrqction on the parcels stxty-seyen
two story brick houses. These farms together
comprise about nine hundred lots, It is the inten-
ton OF the buyer open this property az a choice
residential tract in the spring. The parcels have
about thousand feet frontage in Remsen-eVe,
which is now being opened by the city as thor
They are inteTsected by An4bay, Anes D9Qglas
Ralph aves East s8th-st Re N I R9ca-
away-aYe, East 96th-st to East 9lst-sty ana UCca-
ave. Also bought the Dryer farm Of 600 lots, the
Lahey farm Of $50 lots the St1we farm OF 600 lots,
the Ryder farm of 600 lots and the Lott and Clapp
farms Of 600 lots. These farms are between Flat
bush and NOstrand ayes and Avenues . and Q.
The Mclaughlin Real Estate Company has also
bought the tract Of land recently owned by the
Brighton Beach Racing Association and fronting
in CIoney Island-aYe., Ocean Parkway, Neck Road
and Neptune-ave- This tract comprises ono thous-
and lots and frontage on Coney lsland-ave. Of
nearly mile, The southerly end Of this properly
extends into the amusement section OF Coney Isl
and The frontage OF Coney Island-ave. Is nearly
equivalent to one-tanth of all available frontage on
thab business thoroughfare> -
A number of the minor purchases OF the MO-
Laughlin Real Estate Company comprising IN al
about four hundred lots, are the Story farm, at
Gravesend and Church aves, near PTosReot, ParK;
the Coleman tract at Avenue n and Fiatbush-aVeAI
and the Wanke property, at Grayesend-aye. and
Avenue Q, and about a hundred lots In Benson