The Washington times., 1911-02-04
RECORD IN REALTY
MADE IN JANUARY
Nearly So, 100000 Invested
in Capital Property
Last Month.
FEBRUARY MAKES
A BRILLIANT START
Several Big Transactions Bid Fair
to Establish High
Mark.

Nearly $35O0000 was invested during
the month of January in the purchase
Of and loans on real estate in the Dis
trict of Columbia. This sum exceeds the
total investments of January, 1910, al
though the number of transactions
closed last month, according to the rec
ords of the office of the Recorder of
Deeds, falls about ten short of the
number of sales made in the previous
January. The brokers have closed G25
sales, involving 1920 parcels of real cs-
tate, since January l, 1911.
Starting with a single transfer COM
prising 2O7 acres of land and involving
a consideration said to be $2,O0O,0 900, the
month of February bids fair to exceed
the record for January and to turn what
is ordinarily considered a dull month
into a most prosperous one for the bro
kers.
This transaction, which was closed
yesterday, involves the Thompson and
Plumb tracts, lying on both sides of
Massachusetts avenue extended. west
of Rock creek.
Mr.. Lisner'S Purchase.
Another important sale closed yester-
day involved premises 1905 G street
northwest, purchased by Abraham lis
ner for SAC. 900. The property is TO be in
cluded in the addition which Mr.. Lisner
will erect for the Palais Royal. In or
der to fund the indebtedness on the
present building and to finance the erec-
ton of the addition, Mr.. Lisner placed
q trust of S250,000 on his holdings at
Eleventh and G streets. The loan is to
be repaid by January l, 1916, to the Mu-
tual Benefit Life Insurance Company,
OF Newark, n. J., which advanced the
money.
This quarter million loan helped mate
rally in swelling the total of loans for
the past six days to $S14.S3S Three
hundred and eighty-three lots were
pledged to secure this sum. at an aver
age interest rate of Sc per cent.
4 sale involving $4,000 was closed
this week, when Franklin T. Sanner and
VIM. A. Hill conveyed the Nottingham
apartments at 2l34 P street northwest to
Charles Fuchs. In part payment MeSsrs.
Sanner & Hill took title TO the business
property at 729 and 7Sl Thirteenth
street northwest and premises 3lS
street northeast.
Record Price Paid.
Another sale, which it is said sets a
price for property on Thirteenth street,
between E and F streets, was closed this
week Mrs. Catherine F. Lannon paid
$4,000 for the three houses 5tS14 to $40
Thirteenth street northwest. The
houses form a part of the Fletcher es-
tate, and Mrs. Lannon, one of the heirs,
bought out the interests of her brothers
and sisters.
Local realty brokers closed more sales
during the past week than in any other
week of this year. A total of IA trans
actions are noted on the records for the
past six days. Involved in these sales
were 257 lots, exclusive of the Massachu-
setts Avenue Heights tract of 212 acres.
Suburban sales led the market for the
week, with a total of 109 lots trans
ferred. The near-urban district ranked
second with seventy-four lots. In the
city proper forty-fve lots Were con-
Veyed in the northwest, fifteen in the
northeast, twelve in the southeast, and
two in the southwest.
New loans made up the bulk of the
money market this week, summing up
$504, 1898. Deferred purchase money
trusts aggregated $3.50. .66O.40, while the
building associations advanced to mem
bcrs $59,SOO
Northwest property was pledged for
the largest sum this week, the total
loans in that section amounting to
S4O3, ,SO6.44 County property came next
with total of 1856, ,322.5 90. In the north
east there was borrowed So, 500. 70, while
the southeast secured $16,5SO, and the
southwest $5,5S7.