New-York tribune., 1905-12-24

four years ago the Century company, OF WHICH
william H. Chesebrough is president hA' N0s" =
tower of strength In the market. 1t has never peeh
fdentthed with an improbable operation. Ho"
great has been its measure OF success is "eAA
known. has paid dividends since its start III ISL
at the rate of per cent a year. and lafer at 'he
rate of s per cent
To william H Chesebroush. the head of the
company must be given the larger share Of praise
for the brilliant way In which the company has
been managed. For more than four years he has
been one of the cleverest realty leaders ever ac-
tive IN the local real estate market AS Judge
Of values he has superior, according to scores OF
real estate men, whose opinions are worth having
Like Robert E Dowltng president Of the City In
vesting Company. he can look far into the future
and discern the coming realty needs OF the mar
ket. Like Mr. Bowling. too he knows thoroughly
every phase OF the real estate business-how to
build well and proftably and how TO operate IN
improved and unimproved property successfully.
At all times Mr. Chesebrough has been a most
conservative operator.
There has been nothing spectacular about his
deals, though he has bought and sold for his COM
pany many OF the choicest Manhattan parcels.
Some leaders constantly seek the most pompous
scenic effects for nearly every operation so that
the vast army of operators and investors may know
what they are doing and help them in their efforts
to find a ready market for their wares Mr..
Chesebrough has no for such scenic effects.
The hundreds of persons who have been attracted
by his operations to the sections in which he has
been most active have done purely because Of
the sterling merit of his realty work.
It is difficult to say just how much the market
gains by the taking over of the Century Company
by the United States Realty and Improvement
Company. If the amalgamation means a greater
sphere of activity in realty for Mr.. Cheseoroush
and signs seem to indicate that it will-the
strength of the market viii be considerably in
creased.
One of the principal deals last week was the sale
by the Equitable Life Assurance Society. through
Goodwin & Goodwin. to Sch.lasi Brothers. Gig
arctic manufacturers, sixteen three story brick
dwelling houses at the southeast corner Of n5th-
st. and Manhattan-ave. The houses No 3O4 to
3A West u5th-st.. and No. 34S to 556 Manhattan
They have frontage of 27o feet in the street
and of 1o011 feet in the avenue. The purchase
price was about S250.0O0 The Equitable has owned
the property since 1888.
The Brunswick Site Company decided to i'm
prove the old Brunswick Hotel parcel being the
block front on the east side of 6th-ave.. between
26th 9th SITS. with twelve story loft. Office
and store building. It will cost $600.ooo, and will
be ready for tenancy next November. This decision
finally dsposes of the project to build the site
a hotel costing $5oOOOOO and to equal any hosiery
in this country.
The Bankers Investing Company sold plot Of
eight lots 200x150 feet, the west side Of Sher-
man-ave, 100 feet south Of Academy-st-' 70 lhe
Hanover Realty Company. The buyer VIII oulio
five story apartment houses. 40x138 feet each, on
site, which
improved by the Mccormick Construction Company
and q block and a half from the Dyckman-st- sta
ton of the subway.
Pease & Gilman sold for General Duryee No 4S
West 60th-st.. four story high stoop brownstone
front dwelling house, on lot lSxbuoo rect 60
lurnbia College Ieasehold)
The FTeischmann Realty and Construction Com
pany resold two six story apartment houses, each
4ox1Oo feet, being built the west side Of Am
sterdam-ave 20 feet north of 134th-st.. which the
seller recently bought from the Interborough Build
ing Company. J. King the broker.
n Brigham Hall & Son sold for Bertha K. Bos-
wald Nos. S13 and S15 West 141st-st, two three
story frame stores and tenement houses. on plot
5Qxs911 feet 200 feet west of Sth-ave.
The r Rgand o6ser to Whag eeRt Sos 3 3 "a and @
South-st. and Nos. 5IS 6I5, 5ff ana ofs Water-St
re 9e %aTebouges and the Waters frontage by
two story warehouses. George H Hallock. jr.'s.
Tncker speyers & Co sold for william Finn to
story mercantile building, Nos. IS and 81 West 31st
St, on a plot g: 1883 feet The purchase price
Ex-Congressman Jefferson NJ. Levy sold No. 162
wilham-st., a five story business BUILDING, on lot
brokers' The seller recently bought the property
Daniel STEIN sold for Charles 4 Barney "a plot. plot.
east of Amsterdam-ayei also sold in conjunction
ing lots. 5GxyGxI0 feet, belonging to ex-Mayor Seth
Low and the schermerhorn estate The Kruleyitch
seven story apartment house on the site
The F7eischmann Realty and Construction Com
pany sold for the wilkins Realty Company the
block bounded by Boston Road Charlotte and 10th
SITS and wilkins 5 n Place e te Five se story apartment
w. Clarence Martin resold TO Potter & Bro. Nos
plot % 8s616o feet between 18th and a6th s5s The
seller bought the property last week from the
eel is opposite the Astor holdings which, according
to report. may be improved with a big depart
II. Weisstock sold for Charles T Wenstein a
six story new law apartment house with stores on
plot 5011xloo feet, for $l4o,ep
story double hathouses Nos. ss2 and S5l East slth
St, 50xl0O feet, to investor.
44i0xS0 feet, for the NJ Diamond estate and w
Franklin to Huppert & Bernstein
block bounded by Broadway, Wadsworth. ave.
18lst and 1S2d sts He sold the block some months
ago to sugarman & selgman. and the firm sold it
The Five Boroughs Realty Company resold to a
corporation the old Sacred Heart Academy prop
TTty No a to IS West t.st Fan and No "A to 50
stood that the new owner will erect twelve story
Douglas Robinson. Charles S, Brown & Co sold
Nos Z and II West 4Sth-st,, two four story and
feet Columbia College Isaseholdgl 4 ENGINE WIN
No Il The purchasers have occupied their re-
spective houses for some years. There now only
holds s~ in fRe boek unS0io Coese lease
four B 8 BTShT 0 R0gs of from Gst1ye sgS m Re5mn the
southeast corner of Greenwich st on lot 25x53.7x
and occupy under lease from H b Chapman anu the
Sd6e b9dns No ThfE rs are 2ee a Of the
by Elbridge T. Gerry. They thus control the
property surrounding their latest purchase with
the exception Of No. 167 Greenwich-st.. which is
also leased No a Cortlandtst three story build
ing. 241lx1242 feet.
story building extending to No. 46 Ann-st. on a
plot 26xl25 feet The same brokers have leased the
property for the new owner. to Eugene P Peyser
Snowber & CO. sold for John J. White the modern
new law apartment house. ST Ncholas-ave. south
west corner of lS4th-st. size 1O0x50 feet The new
is investor. The purchase price is under
stood 10 be about Sill, 500
number of deals in 56th-st. between 5th and sth