New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-12-04
INVESTMENT BUYING IN MANY ZONES
Imnroved Properties in Mani attain and The Bronx Which
Changed Hands Last Week, Valued at Many Millions
,oF1 STRUCTURE AND APAR TMENT HOUSES IN A TRADE

tavsD A Bcyvrs in the early part OF No
vember for twelve story loft building ex-
tending from Eth to 18th street, between
Seventh and Eighth avenues.
Mrs. Guggenheinler's disposal of apart
ment house properties for realty of a COM
mercial character is in direct keeping with
the policy of her husband, the late Ran
dolph Guggenheiner, who was large in
weston in substantial business property In
the Broadway district. between Canal and
18th streets.
A 100000 midtown investment was the
purchase by Henry K Boettger, a silk
merchant of the tweIve-story loft build
ing at No. 81 TO 81 West a7th street The
structure was completed about two years
ago, on a plot 1Nox1o0 about 1Ss feet west
Of Broadway, by Max and Henry Cohen.
who held the parcel at a valuation of $500 =
COO.
The sellers have arranged to take a lease
OF the property from the new owner, at a
rental which is said to be 6 per cent of the
purchase price, for period of fifteen
years.
The building is one of the first erected in
this street, and has since been followed by
q dozen or more of that type, the frontage
occupied by new loft buildings in the two
blocks between Broadway and Seventh
avenue being more than 1000 feet.
The Realty Holding Company, which pio-
neered in this section with loft building
improvements, is responsible for over
quarter of the new construction of that
type. Directly opposite the building just
sold the Astor estate is now erecting a six
story loft structure. The sales and leases
were arranged direct between the princi-
pals.
In the Fourth Avenue Section.
a transaction in The business section
which attracted considerable attention
was the purchase by Klein & Jackson of
the four-story buildings on plot 1OoxS7
feet at the southwest corner of Goth street
and Park avenue. The property was sold
TO them through Stephen H. Tying. ir.. &
Co. for Henry Iden- On the site Klein a
Jackson will erect a large mercantile build
ing
Several large downtown sales were feat
ures or the week. Pease & Gilman sold
1or James II. Cruikshank the builder. tn
q prominent resident of this city the eight
story f1reproof loft building covering a
plot 1e02x1O2.6 feet, at the southeast corner
or Morton and Greenwich streets. which
the seller acquired from Trinity CORPORA
ton.
The building. which was leased recently
Tor long term of years from March l.
ISli, TO the General Electric Companv ia
equipped with elevators and other modern
improvements and has carrying capacity
OF 80 pounds q square foot throughout.
The sale confirms in part MI. CrI1ik-
shanks belief in the section as a producer
Of permanent investments.
In part payment for the loft structure
Mr.. Cruikshank took q plot 6oxls8 feet. at
the northeast corner Of Broad and KINNEY
streets. Newark. on which is an old
fashioned residence, now occupied as a
school
To Razc Broadway Landmark,
The old Raleigh Hotel property at Nos
oH5 and CTS Broadway, opposite Bond street
vas sold by the Robert Fulton Realty Com
pany, Of which Moe A Isaacs is president.
TO Harry FischeI Il consists of five story
buildings. on plot 50x200 feet. extending
through TO Nos $50 and 90 Mercer street
MI FfscheI will erect on the site twelve
story loft building
The Robert Fulton Realty Company ac-
qUired the property last January from the
stephen Whitney estate in exchange for