New-York tribune., 1911-10-15

Many investors are adding TO their Man
haitian real estate holdings Moreover.
large numbers OF speculative builders of
high class apartment houses are prominent.
TOO. as buyers Of sites ready for imme-
diate improvement.
Within the last two weeks the volume Of
business transacted has been more CON
spicuous FOR the variety of property which
changed ownership than for size Nearly
all kinds of parcels have been I'm fair de-
mand. and are likely 10 continue To be.
Tie trend Of affairs presages the transl-
ton Of the lower Madison avenue zone
from a charming home and club centre into
a big, wdeawake retail and wholesale
business district. a rapid rise of values in
18th street due to the retail business in
vasiOn there. and the erection of bigger
apartment houses in upper Madison avenue.
Investment buying OF Washington
Heights houses is one Of the leading feat
urcs Of the present market. An investor
recently bought from Edgar Ellinger.
through George F. Baldwin. the Saranac, a
new six story elevator apartment house. on
a plot 10s.11xS.nx irregular. at the south
west corner OF Convent avenue and 15lst
street The purchase price was about
s17SO00
The property was acquired in March Of
last year by the Tomahawk Realty Com
psny from James 4. Deerlng. The COM
pany transferred the site in February last
20 the Saranac company which erected the
building
The plot Of FIVE lots at the northwest
corner of 142d street and Convent avenue
also recently changed ownership. It fronts
800 feet on the avenue and 125 feet in the
street It was sold by the Hamilton Hold
ing Company, Judson S. Todd, president. to
Benjamin Barnett. On the site will be
built an apartment house
The plot forms part of the historic Ham
ilton Grange. on which stood the thirteen
famous Hamilton elms. representing the
original thirteen states. In January last
Mr.. Todd bought fifteen lots OF the tract,
comprising the block front on the west side
Of Convent avenue, between l42d and 142d
streets. through L. ii. Ludlow & Co. Mr..
Todd recently sold tho westerly Is feet in
1920 street 10 the Sisters of st. Ursula OF
the Blessed Virgin, who are to improve it.
Another recent upper West Side transac-
tion was the sale by J. Romaine Brown e.
90. for the George Golf estate Of a plot of
four lots. 1o0X1o0 feet, on the easterly side
90 ST. Nicholas avenue. 400 feet south OF
545th street.
A $4,000 Washington Heights transaction
was the sale by the Bronx Heights Land
Company Of the Continental. a six story
elevator apartment house, with stores, at
the northeast corner Of nth street and
broadway. 10 Sumner Gerard. The house
was put M by Emanuel Krulewitch from
plans by Neville & Bagge. 1t occupies a
plot fronting 9l.2 feet in Broadway and
3nO2 feet in Nth street.
The Rendheim Construction Company a
few days ago disposed OF its plot. 1i7xlOO
feet. at the southeast corner Of Haven ave
nue. and 1Soth street, TO the Munden Con-
Ftrlction Company. Three I'VE story non
elevator apartment houses are planned for
the plot.
Big West Side Sales.
Some important sales have lately been
made on the West Side, between seth and
J25th streets.
5. p. Goodale & Perry sold for Samuel
J. Pakas the two six story elevator apart
ment houses Nos. 249 and 81 West 1lth