New-York tribune., 1910-12-02

Many large investment properties cnanSed
hands yesterday. the value OF the parcels
being considerably more than several mill
ions. The principal deals were in the
Greenwich Village. the midtown loft and
The upper West Side districts.
Some of the rapidly growing residential
areas Of The Bronx also revealed once
ezsin their power 10 draw investors the
most important transaction in that borough
being the sale of The Bronxland apartment
house by ! Clarence Davies
Mrs Eliza Guggenheimer sold Elmore
Court; three si1-sto-y and basement apart
rnent houses. No. 40 TO al West 12tth
street on a plot 1aSxleo.I feet, TO the Fa-
tian construction Company. The buyer took
the house in part payment for the twelve
storv loft buiidinS beins erected at No. 40
TO a. EVesl 26tb street. 4 plot 107xe2 feet
Tho properties IL the exchange are valued
AZ about sI-2es0oo-
F-lElore Court apartment houses are about
- feet east of Broadway. and diagonally
opposite the seven story elevator apart
Tncnr house at No 80 10 514 West l24th
street. which Mrs CSuEgenheimer exchanged
with Daniel " Richman and Gustavus A.
Revers in The early part Of November for a
twelve story loft building extending from
Eth 10 18th street between Seventh and
Eighth avenues.
Mrs. Guggenheimer's disposal OF apart
Trlent house properties for realty of a com
merciaI character is In direct keeping with
the noicy Of her husband, the late Ran
dulplI Gugsenheiroer. who was a large in
vesoor in substantial business property in
the Broadway district, between Canal and
18th streets
Loft Structure investment.
Peax & EIIirnan sold for James H C,rIik-
shank. me builder. 10 q prominent resident
OF this CITY the eight story fireproof loft
building. covering d plot 1e0-2x10e-S at the
southeast corner of Morton and Greenwich
r1-eats. which the seller acquired from
Trinity Corporation.
The building. which was leased recently
fer long term Of years from March !. 1911,
I'd the General Electric Company. is equip
ped with elevators and other modern i'm
movements. and has carrying capacity
Of % pounds a square foot throughout.
The sale confirms IN part Mr.. CTu-k-
shank's belief IL the section as a producer
OF permanent Investments.
Ia part payment for the loft structure
<f-. Cruikshsnk took a plot. 50xl6S feet at
The northeast corner OF Broad and Kinney
streets, Newark. on which is an old-fash-
e
Il is AIr. Cruikshank's intention. owing to
The change which is taking place in that
neigh borhood. to improve the property with
= store and apartment building.
few months ago Mr.. Cr1ikshank pur-
chased from Trinity Corporation the entire
hlock bounded by Morton, Greenwich.
Washington and Barrow streets. which is
part OF the original tract secured by the
corporation through d grant from Queen
anne- Preliminary plans for the improve
r7ent of the block with four structures
similar 10 the one Just sold have been pre-
pared ~ AIr. Cruikshauks architect
Henry h- Boettser, d silk merchant paid
about sseaoGo for the twelve story loft
building u No. 81 TO - West eth street
The structure was completed about two
wears ago. on d plot 100xl0Q about ISS feet
west o. Broadway, ny Max and Henry Co
hen. who held tie parcel al a valuation Of
ssgd9GJ
The sellers have arranged 10 take q lease
Of the property from the new owner, at Z
rental which Is said 10 be Der cent Of the
purchase price, for q period Of fifteen years.
The building Is one OF the first erected in
this street and has since been followed by
2 dozen or more Of that type the frontage
occurred ~ neyv loft buildings in The two
blocks between Broadway and Seventh ave
rue being more than l.pe0 feet. OF this the
ReaI-- Holding COMPANY. Yvnich pioneered
n Lris section with loft building improve
-neutz. Is responsible for over d quarter Of
The new construction Of that type Di-
-ec-Iv opposite the building just sold the
Astor estate IS now erecting q SIX story loft
.sCructJ1-e- The sales and leases were ar