New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-05
REAL ESTATE OPERATIONS IN COUNTY
Figures Given Out by Register Show Assessed Values for Man.
haitian and The Bronx to Exceed S7,500000,000
PROPERTY GIVEN IN EXCHANGE FOR APARTMENT HOUSE

Register GrtfenhaEens stateHen' W ''''
state Board OF Tax Commissioners ana 10
the City Chamberlain OF the business OF
his Office for the first six months OF tn's
year embodies reflex Of the vast opera
lions In real estate In New YORK county
the assessed value Of which In Manhattan
and The Bronx now exceeds S.5oo"o'"''
Much OF the increased activity among
realty operators. reflected in the large num-
her Of instruments recorded. Is attributed
to the projected increase ~ subway IA
clities.
Mortgages, certificates. assignments o'
mortgages, conveyances. leases. ETC.
reached the total OF AIS In the hau year,
on which fees were paid amounting 10
SCI. Ssh There were 7.519 satisfactions ana
fees Of SiO.41525. The published daily rec
ord shows that most Of the money repre-
sented In these satisfied mortgages was I'M
mediately relnvested in real estate. CHATTER
mortgages filed numbered 5O9o6. on "hich
the charges were So 1876 %. For the privi-
lege Of examining 1856 OF the chattels me
public paid $sos q. the scent charge author-
lied by law now being enforced In all IN
stances thus adding to the city's revenue
Certified copies Of instruments. mostly FOR
use in litigation. we're furnished for fee
of 81. Ses 90: these numbered 1,2i2 There
were 1872 notarial certificates issued pro-
ducing A revenue Of 1898. The total amount
of fees received for all services In this
department. by months. was: January
sl5. 4o1 Is: February. $3.50 50; March, 49,
so 30. April. $4,000 IL; May, sl5,7os ~; June
$4,000 s3. total Of 500, 40 81.
The business methods now in force in the
Registers ONCE permit the handling OF
papers with great rapdity Mr.. Grifen-
hagen calls attention to the fact that every
recorded document Is now expedited, be
cause all are ready for return In about nve
DAYS. With the abolition Of the system OF
special expeditng by favor, for certain In
dividuals and corporations. the delay IL
avoided which formerly made returns pos
sIble only in from three to FIVE weeks.
Evidence Of the popularity of mortgages
among individual investors banks, trust
companies and other corporations is con-
tanned in the report that up to June 80 the
large sum Of sa45. 232 II was received in the
mortgage tax department Most ~ this
was from mortgages for moderate sums, as
there were few instruments stamped for
amounts in excess Of $4,000 TIE bulk or
the documents were from 5000 10 Sl5'co
Only about half dozen corporations con-
veyed their property to cover loans TOR
bond issues Total receipts Of this depart
ment by months are: January 1885" u;
February. $3.50 AS Sc: March. slS0,9l2 90
April. sl65 59s %; May, s16s5sl 20; June. s2li,-
e4795
Further details were learned yesterday
OF the transaction affecting the six story
elevator apartment house at No. 1894 Am
sterdam avenue. known as the Valley
View. transferred Thursday by the F. j.
Mcclure Construction Company TO the
Llewellyn Realty Company. The buyers
gave in exchange the following properties;
No 6i5 Lexington avenue a five story nat
house, on lot 25xlcO feet No. SO West llSth
street three story dwelling house, on iot
20xloO.lf feet; the dwelling house No. 2o3
Albany avenue. Brooklyn. and plot BOX
200 foet at the corner Of Haywood avenue
and Centre street Orange. y. j.
Another transaction announced by the
Lletellyn Realty Company involves the
purchase h. the company from Jacobs K
Ritter of No DO East seth street, five
story tenement house, on lot 25xloo8 feet.
The property at No. 529 Centre street
Orange ~ j., was given in part payment
II consists OF three story dwelling house
on plot l25xl00 feet. This latter parcel mas
been resold to the ?. j. Mcclure Construc-
ton Company. 1t adioins the Haywood
avenue corner acquired from the IIewellyn
Realty Company. Frankenthaler a haut-
mann acted as the attorneys Tor the
TlauaIlyn company
The United States Realty and Improve
ment Company. through its subsidiary com
many. the George A. Fuller Company mas
been awarded the contract for the CON
struction Of the new Union station ana
train sheds at Kansas City. The cost APP
nroxImately is 100000. The station has
been designed by Jarvis Hunt OF chicago
and will cover three city blocks, ana the
eYterior construction will be OF stone.
The George a Fuller Company mas also
received the contract for the erection OF
Tho new Carlton Hotel, Montreal, canada
tho architects of which are Warren x Wet
more of this city. The hotel VIII be an
eight story fireproof structure Dulit OF
limestone brick and terra Gotta. Inc COST
is n,.oyirnately 81 10000