New-York tribune., 1911-11-05
REALTY V|G0R Of MIDTOWN ZONES
soeatve and investment Trading There Overshadcws Bus
ness in Other Districts
MANY OLD LANDMARKS ON CENTRAL SITES TO BE RAzE[

Company the plot. 125Xl0n feet on the nortr
side OF 18th street 200 feet east OF Broad
way. 1t will be improved by the buver!
with an eight story elevator apartment
house
One OF the principal recent downtown
transactions was the sale by the Posta
Life Insurance Company 10 Josephine NJ
Brown Of the seven story loft building No
rs TO 50 Mercer street. on a plot 50x1OO feet
| The structure, which is IN the silk indus.
try centre OF the city, is purchased as ar
investment on an asking price basis OF
$4,000. The insurance company took bach
a purchase money mortgage of $4,000, 70!
three years, at AZ per cent.
Several big transactions affecting prop
erty in The Bronx have lately been re-
ported.
Alexander Selkin, i'm conjunction with r.
Lichtig sold for a client of Zabriskie
Murray, Sage & Kerr the block front. COM
prisng nine lots. on the east side OF st
AIMS avenue. between 1SSth and 18th
streets. The property has frontaEes OF 2oJ
feet on the avenue, 12j feet in 1SSth street
and 1923 feet I'm 139th street. The buyer is
a builder, who will erect three story build
ings and stores.
Clement H. Smith sold to William Gug-
golz the northwest corner Of Aqueduct
avenue and West 176th street, The Bronx
plot .65x75x21.O5 feet, comprising
about 2.7o square feet, and the northeast
corner of Andrews avenue and 10th street,
plot. 9Ox64 S7xc5x1OOxG3. 52x@O feet. compris-
ing about $500 square feet, who gave IN
part payment No. 4464 Park avenue, -four
story triple fiathouse. on lot 25X1t5 feet
IT was also recently learned that the
property on the west side Of Minford Place.
about 173 feet south of the junction OF
Boston Road and 173d street, a plot 75X1OO
feet about one block from the 174th street
subway station, is TO be improved by the
Burnett.Wen Construction Company.
According to the contract. the Burnett
We'll Construction Company agrees TO erect
Immediately on the property two S1S-foot
five story apartment houses OF the highest
type providing accommodations for nine
teen families in each building. the apart
ments being arranged in suites OF three,
/ four and five rooms and baths. Plans are
being prepared by the Kreymborg Archi-
tectural Company The lots arc already
excavated. and the houses will be complet-
I
spring. Title will meanwhile remain in the
present holders, the Stability Realty Com
pany. at No. 115 Broadway The Burnett
We'll Construction Company has recently
completed three similar apartment houses
ir this section Of The Bronx. two being on
Wilkins avenUe, near the Freeman street
station, and one in Kelly street, near the
Intervale avenue station. The NJ. Morgen-
thau. Jr., Company will manage the houses
when they are completed.
A $4,000 sale resulted in a change of
ownership 10 three lower East side fat
houses. julius Tishman sold to Victor Null
Ter the six story tenement house with
stores at No. % to "a Pike street, north
west corner Of Henry street, on plot 61.6X
S5.5 feet; also, the six story tenement
house. with stores, at the northeast corner
Of Clinton and Division streets, on plot 9O.9
x64X irregular. In part payment Mr.. Tish-
man takes the six story tenement house,
with stores. on lot 25X75 feet. at the south
west corner Of Broome and Sheriff streets