New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-28

day treated to pleasant Yuletide sur
prise. when It was officially Informed that
"a good-sized boom prevailed in the Fort
Washington section OF the Heights.
The series Of transactions involves
about 600 and bring about a change
~ title 10 two block fronts On the easterly
side OF Fort Washington avenue, between
i60th and 1921 streets. which were owned
ny the Loyal l.. Smith estate
Besides, a number of other sales in the
same district were made, and reports OF
regulations pending for still further i'm
portant changes IN ownership to land IN
Inc zone were heard.
Some Of the contracts 10 buy were
signed months ago.
These operations emphasize the fact
that rental conditions on the Heights are
excellent and that this opinion is firmly
held Dy the money lenders. Il is easy 10
give vent 20 roseate opinions, but when
tncy are backed up by cash or actions
is IN this instance, why, that is another
story.
There was recorded on Thursday a deed
by which the city transferred title to
strip IN the bed Of Fort Washington ave-
nue. to j. Romaine Brown and A. p. W.
Kinnan. as executors of the Smith estate
for s10262 80. That deed removed a legal
teohnicality which had kept this boom
away from the public gaze
Harris & Maurice Mandelbaum last
June contracted TO buy the two block
fronts on the easterly side Of Fort Wash
.Dcton avenue. from 16Oth to 1929 street.
from the Smith estate and the CITY Real
Estate Company. The property comprises
about twenty-Jhree lots"
Every inch of the two blocks was quick
Iv resoId by the Messrs Mandelnaum at
substantial profits
Plans have so far been drawn for about
six six story elevator apartment houses
ou the blocks.
The northeast corner Of Fort Washing
tou avenue ana lcpth street. comprising
five lots was purchased by Mark ASH
from the MaudellaGms and resoid by HIM
to the Similar Realty Company. which in
turn rcsold II to the Saranac Consuuc-
lion Company.
This purchase was made by Mr.. Ash on
the dav the Mandelbaums contracted TO
buy the entire two block fronts. IT was
am all-casn one.
The remainder Of the property-the
southeast corner Of 161st street and the
block front to the north-was sold 10 the
Friedman Construction Company Henry
Friedman president.
The smith estate within tho last few
months has disposed of several parcels in !
me Old Deaf and Dumb Asylum tract. the
sale with the Mandelbaums. however be
ing the largest single transaction yet
closed
Title was given on Thursday by the
smith estate 10 two corners sold recently
the northwest corner Of Fort Washing
ton avenue and 162d street TO Twins
..uchs and the adjoining 1880 street cor
ner to Newark & Jacobs, who filed plans
yesterday for an apartment house.
The Smith estate has also 'sold ten lots
comprising the block front on the west
side of Fort Washington avenue. between
161st and 1921 street. 10 the Messrs. Man
delbaum, who have rcsod the property TO
the Carnegie Construction Company.
The large plot at tine northeast corner
of Riverside Drive and lGoth street INK
1eox irregular. has also been sold by the
smith estate to the Emmay Realty COM
panv. which plans next year 10 erect q
twelve story apartment house on the site.
The Yorktown Court. six story struct-
urc at the northeast corner of 1854 street
and Fort Washington avenue, was bought
i'm February by the New York Security
Company.
Dayton Court. a six story elevator
apartment. occupying the northwest cor
nor Of Fort Washington avenue aud 160th
street, was purchased in September in
trade for about 100000 by the Hoguet
estate through David Stewart.
This construction movement has involved
two old landmarks the former homes OF
Mayor Kingsland and Sheppard +. Knapp
who built Colonial houses on Riverside
Drive. between 16Oth and 1880 streets. ~
The early SOS Wreckers were given
orders Yesterday to remove the old relies
Of the early city.
The sale Of the Mackamoose, SIX
story elevator apartment house, covering
n dot lOOxi00 feet. at No sos to 6l4 West
iSoth street, was also reported yesterday
This property was sold by Solomon J..
Pakas to a client OF Edward d. Palmer
who negotiated the sale.