The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-22
NEW YORK is WORLDS
REAL ESTATE MART
Castles, Estates and Tracts, Some
Eleven Times Larger Than Man
haitian, May Be Bought Here.

N.f..u.. is to- have new hotel and
r..fr. T,,y will be built from plans
by , Sew York architect with capital
s..1red partly from New Workers and
vl,h tho projected theatre under con-
; gro, Of n New York theatrical syndicate.
All his has been done by an energetic
and .nterprisng New YORK real estate
,roLer after Montreal brokers reported
N. property could be pat 10 little use.
mar. are 30 many New York ends to
cha deal that Il is practically a New
v,,k transaction. Tho only thing
o.,sd,an about II is that the property
,.,,en, 20 be IN the Maple Leaf coun-
, ~ and that the New York real estate
nan succeeded in getting n Montreal
,.tr, keeper to take . lease on the
projected hotel.
Tho property is on 81. Catherine street
N che centre OF Montreal's business dis
mot. II faces the old Convent, a land
mark OF the city which was sold recently
"a make way for a large department
more. The hotel will be eight stories,
mich is az high as tho Canadian Gov
srment will permit buildings to be
\ serted in Montreal. II will be so feet
a 81. Catherine street and 100 feet deep,
where II will connect with another
rect The site has an area of $500
uuare feet. The hotel will contain $50
-oon,s. An arcade will run through the
su,lding connecting with tho theatre,
ptch Is 20 be built IN the rear. On each
.iae OF the arcade will be stores or
booths. twelve IN all. fitted up and deco
rated to represent the different nations.
will be omitted.
The theatre when finished will be the
hnest in Canada It will be modern in
every respect and will have accommoda-
tons FOR 500 people. Broadway shows
WILL he produced there. The lessee Of
the theatre Will pay $4,000 a year for
the next twenty-one years The hotel
has been rented for $4,000 a year for a
period 81 twenty-one years. George
Kester IL the New York architect from
whose plans the hotel and theatre will
be built. II. II. Gibson, president OF the
Il H. Gibson Realty Company, is the
broker in the deal.
The property is owned by a man who
has been anxious for some time TO get
come income from the realty. ST. Cath
.-.n- street being the BDadway OF
Montreal, he thought his land could be
put to better use than it was. He had
read in the New York newspapers Of
the wonderful things that had been done
along Broadway and he went TO Mont
real brokers and told them 20 work UP
deal for his property. But II was
10 use; they could think OF nothing 20
put on the property that would pay. The
owner had about decided to think as the
experts OF Montreal did that his prop
er;y was paying about all he could ex-
poet from II. when he was told that
New York brokers were great men for
doing things and that 1t might be wise
70 put il in the hands OF a New York
broker. He heard OF Gibson, who "a a
Canadian, by the way. and asked his
opinion about what he might do with
the property to get better income from
t. Build hotel or theatre" replied
Gibson. III you do I'll get you ten
ants"
This Is only one deal that marks New
YORK as the market place for the
worlds real estate, for there are many
properties in far distant corners Of the
earth tina; are 10 ne found on the sale.
books Of New York brokers. A man
who knows says that there is more than
'N"oO 900 worth OF what may be called
fort.gn real estate in the New York
ma k't At he present time awaiting
Nlvers. Foreign castles, mines in the
.s' West. timber land In Mexico or In
otA"r sections. or thousands and thou
sands Of acres Of Just land with ma
pretence to anything else. big estates
IN the sunny South. stone Quarries and
'rn' Plantations in Florida. California
and NV Mexico may be bought right In
New York.
Several DAYS ago John d. Rockefeller
refused 10 buy $4,000 acres in New
Mexico that had been offered to him by
Joseph r. Burke Of the Duross Com
panN. Burke suggested TO Mr.. Rookie.
'eNer that he could do lot for the
country by buying the acres and sub.
a.'.d.us them into five and ten acre
arms. Another reason why Mr.. Rookie.
'eIer should buy the property was. &C.
or0ing 20 Mr., Burke. that II is not fas
rom A.s land IN the Western coal
rec ms Mr. Rockefeller could not see
'h'Hrs az Burke and turned down the
oTef with the explanation that he was
H.' buying any real estate for the
iro "nt Here Is tract eleven time,
he s.2e Of Manhattan Island. II Is
~r'" than Manhattan. Brooklyn ant
Teens tog ther by more than 7,0o(
...a
j, hose who know New Mexico, ths
property may be recognized as the
10 ta Grant. II is In Rio Arriba
,' E'', forty miles northwest OF San;a
F".'i s'Nty miles south Of the COLORADO
H'.. Line Three rivers run through
.a' property. one OF these. the Chama
'.'' IS 'ho second largest in the State
..l,r rivers are the FL Rito and the
~. 80 ScnO. Altogether there are fifty
VI. '' ~ running water on the property
'' north and south ends OF the prop.
nre heavily wooded with native
'nt red spruce \ cruise OF the
.- given At 100 O00, 900 board feet
..' fpgGcc in the south end OF the
~ NrEI a mako 4 OOO 0OO abroad tIea