New-York tribune., 1909-07-04

apartment houses 10 investors have heen feature
in each week Of this season. The great West Side
zone in the world. and the sum total OF its taxable
properties has greatly added TO the financial power
OF the city
RECENT TRADING IN DISTRICT
Last week market was found by Savson &
Hobbs for Isaac Mayer & Sons for the Yorkshire
new eight story hreproof apartment house. on a
plot 125zoo feet at the southeast corner Of Broad
way and 18th That is one OF the best built
houses OF its size ever constructed on the great
West Side. Il occupies a superbly located plot Of
ground and its frontages the street and Broad
way afford IL splendid light and air. The same
firm of brokers also sold for William Ottraan the
Pamico. an eight story hreproof apartment house
No. 81 Central Park West. lot 50cli0O feet for
the Romaine estate Nos. IS and s West I'D street
a six story apartment house on plot 5ox1G22 feet
and a seven story elevator apartment house on a
plot 50X1022 feet the southeast corner OF Coi,-
bus avenue and I'D street. All Of these houses
were taken over by investors and will be man
aged by the brokers in the deals.
The real estate market has grown so accustomed
TO big deals affecting apartment houses on the West
Side that the purchases Of such houses have not
attracted the attention that they have rnerited a
fairly accurate idea of the volume OF such trading
may be had from a study of some OF the prfncJ-
pal apartment house sales reported since Janu-
sry1
The trading on the great West Side early in the
season was marked by the sale BY MiIlard Veit
for the Mordecai Estates Corporation TO Herman
Cohen Investment Of the Ailenel apartment
house. No. SO West $50 street; near Riverside
Drive. 1t is SIX story elevator structure con-
tanning eighteen apartments. IL occupies a pIot
with a frontage OF 30 feet AMI depth of 145 feet,
The house was ready for occupancy in the fan and
was fully rented short time after II was opened
About the same time the De Leon Realty Com
pany, OF which Henry Aronson is president, sold
TO the Henry Newman estate the De Leon apart
III N-al
seven story structure with frontage Of 20 feet and
depth OF lGo feet. In part payment the De Leon
Realty Company took a plot with a frontage OF
l2' feet by irregular the easterIy side OF ST
Nicholas avenue. 25 feet north OF I5ath street
Henry L. Winans 3 Nav we=e the brokers in that
deal.
sisnor AguedaIia. of Havana. bought as an IN
Vestment through Clifford y. Shurman from Henry
NassoIt the seven story apartment house Nos
2lsO and 27s2 Broadway. Il occupies plot with q
frontage Of 90 feet and depth.of leo feet The
properly contains fourteen apartments II seven
rooms and bath each. II faces the plaza formed
by the intersection OF West End avenue and Broad
way This was an all cash sale. Mr.. Aguedalia
also owns about twelve other high class apart
ment houses in the northerly sections Of the greater
city.
For Hannah (. Kelly Andrew 2. Morrison sold
the Granite two apartment houses a. the northeast
corner of Morningside avenue and 116th street
For George W Thedford Harry Goodstein sold
the two five story apartment houses Nos 142 and
IA West 199th street. The houses are two OF row
OF twenty-four similar structures. which are op-
posite the art school OF the National Acadern~ 81
Design.
DEAL INVOLVING $500, 900
One OF the largest transactions on the West side
reported this year the sale Of the Fowler
Court apartment house. a seven story elevator
structure. at the north corner of Riverside Drive
and 1i2th street. The property was held at $780,
600. 1t was sold by Calder & Nassoit for the
Cumming Construction Company to Philip Living
ston.
market was also found this year for the