The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-23

r,,or'ion. VI Americans in Europe
,.,,,b the stoppagc of ocean passage
... hold up the sale of zen parcels of
GOAL estate IN this city. Contracts have
..osn drawn and signed by prospective
..,,y.r. but owners are missing, ana
hin, ,,n Ice done until they return.
..,..,.,r Of them are in London and Will
,,-,,, here within the next few weeks
~. v1rreabouts ~ the others Is un-
,,ou.n They are behind the German
,.,,,. and VIII have To remain there for
an indefinite period perhaps. unless Am
tass,dor Gerard is able to get the Ger
man Government 70 permit the passage
a, his countrymcn through the army
lines TO a country not at war.
THO assessed value of properties I'M
lar contract is S2.7S5,000. The market
ya,ua 8 very much greater, as the
,rcp4rties are all well located and with
a COW executions improved with sub
,,art.al structures one Il a loft build
NC n,t far from Fifth avenue and said
N ne ono Of the best loft investments
n he Fifth avenue zone. II IL tall
building and covers considerable site.
Two are apartment houses erected ten
vears ago, but because Of features not
found in all modern apartment struc-
,ures. they have held their value. II
n said however, that one OF the build
,nss which stands on corner Will be
rsnoved and modern structure, maybe
s,x,een stories high, erected In Its place.
A cohcrete factory Is among the proper
tics under contract. II Is big building
occupied BY one Arm which wanted to
purchase tho property. They came to
his conclusion before the war and, as
they are engaged in "A business which
reoulres foreign minerals. the broker In
me deal Is afraid they may back out,
not being able to operate.
-Four tenemens. two on the East
side one on the West Side and
one IN the Washington Heights section.
have been sold, but as the owners are
on the other side of the ocean the
deals are not binding until they have
signed the contract.
The broker who sold the Fast Side
houses is afraid that his client will not
wait for the owner to return. The
owner is one of those whose where
abouts is not definitely known. lie is a
native OF Germany and when last heard
from was visiting folks in Frankfort.
The broker is fearing that he may have
been forced to join the colors, and IL
that is the case there IL no saying when
he Will return to New York. II he
escapes the bullets of the allies.
The other properties under contract
are vacant and are wanted by builders
FOR Improvement with lofts and fats.
Two of the three are to be improved
with loft buildings. one Of which will
be eight stories and the other ten
stories Only few blocks parate the
sites The flats are to he built on a
plot miles away in an opposite direction
from the location OF the loft building
sites
Though ten instances have come TO
notice II Is safe to say that there are
more. This has been a great year for
travelling in Europe. Statistics of the
steamship companies show that the
movement eastward was greater this
year than for severa- years. \ despatch
from the American relief committee In
London yesterday said that there were
N 900 Americans II the English capt.
tai anxious to return TO the States.
They will be here in the next few weeks.
The war came so suddenly many people
nave been trapped IN Germany and other
places cast Of the German line and are
unable TO get out. OF this 10000 and
those who are back OF the German army
are many owners who would he able "a
market their property II they were here
AZ the present time. A man In the
mortgage business and we'll acquainted
with what Is going on in the market
said he knew ~ three times ten prop
critics under contract. but which could
rot be signed because owners were in
Europe.