New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-08-31
A s3.45O,OOO MORTGAGE
RATE FOUR PER CENT.
Sam Loaned on Broad Exchange
Building by Equitable Trust Co.

Among the mortgages recorded yesterday was
one that showed that the Equitable Trust Com
ranv had loaned $4,000 at per cent to the
Broad Exchange Company the Broad Exchange
Building. at the southeast corner of Broad street
and Exchange Place. and the premises No. Al
Broad street. which forms a part OF the building
site The loan will be due July !. 1929 II is
OF the largest 4 per cent loans recorded in some
years
In The brokerage market only a small volume Of
business was transacted. Trading on the great
West Side the principal feature. Arnold.
Bs1nc q Bsumann resold for Louis Bernstein 10
r. Koch Nos. ll2 and ia West ll5th street two
five story nathouses. on plot 5Oxloon feet. Mr..
Bernstein purchased No. no 10 lls West n5th
street last July through the same brokers.
Goodwin e. Goodwin resold for Harry /. Rosen
No Is West Hath street a five story double fat
house. lot 25xlO0ll feet
7. J. Wood sold for a client a builder a plot
s5xs5 feet at the southwest of l7sth street
and Arthur avenue. The parcel is TO be improved
with two four story apartment houses
A syndicate in which X. T. Walker. Matthew X.
Miller and George p. Walker are interested is the
buyer OF the hathouse properties No. s2S TO $50
Park avenue southeast corner OF 76;h street the
sale OF which by Salo Cohn was reported
weeks ago. The syndicate which WAS organized
by AlWyn Ball. Jr, viii erect the site twelve
story cooperative apartment house. which will be
one OF the finest in the city The site Of the pro-
posed building viii not cover the whole plot. which
fronts I772 feet Park and 100 feet
10th street. The present houses. Nos. sS3 and s25
are 10 remain, 10 provide a light and air
for the big structure. The Metropolitan Life
Insurance Company has made building loan of
$4,000 the property 10 the Eight Twenty-nine
Park Avenue Company.
Plans have been nled for remodening and modern
izing the three five story tenement houses Nos.
.26. 22S and 2S4 I'd street. charging the windows
Rnd lettering the lighting and ventilation. the i'm
provements being made for the ST. John Baptist
Foundation from designs by NJ. Zipkes in conform
ity with the regulations of the Tenement House
Commission.
Plans have also been filed for charging the FIVE
story soap factory No. 642 60 West SOth street.
making OF il a six story building. the improve
nents being made from designs by William H.
Rahmann architect for John T. Stanley.
Plans have also been filed for undermining the
five story fat with store. No. 1910 Third avenue
Installing new plumbing and equipping the building
with new fire escapes. the improvements being
made in compliance with requirements Of the Tene-
ment House Commission from designs by George
Dress architect. for John T. Bauer
I'm regard to the real estate situation in Brook
lyn The Real Estate Record and Guide" says in
rs last issue in part. as follows:
Brokers reported last week many INQUIRIES
both for purchase and rental and such SELL
ing there was demonstrates that the market
is steady and secure The fall renting season in
BROOKLYN is now under way. Two weeks hence
The public schools will be open and rental sea
son OF many summer cottages ends next Wednes-
day So that everything considered. Brooklyn is
experiencing return of many OF its residents 10
IL.
'Flatbush contributed several good sales 10 the
Total OF the weeks business. most OF them i'm
poItant vacant corner parcels that We're undoubt-
"dly bought for Improvement. This section OF
Brooklyn is undergoing steady increment OF prop
erty values and is bound 10 show. eventually
greater strength in this respect The extending OF
bedford avenue from Eastern Parkway TO Flat
Dush, few years ago. made directly accessible
route 10 the great suburban territory from the
oehre OF old Brooklyn. II is a salutary and
happy circumstance that Of all the suburban land
ihfo"n upon the market in the last decade none
az II has deprecated in value Improvement has
followed Improvement throughout suburban F2rool,
An and each has added the value OF every
vacant parcel adjacent TO il. There are houses
tt&noiig this summer where gardens were planted
one year ago The circle Of the home area yidens
year 10y year and the demand for Rrooklvn real
estate Is constantly augmenting"