The sun., 1914-08-16
MANY BIG DEALS
CLOSED THIS YEAR
No Half Year Since Panic Has Had
Mere Sensational Trading Sale
of Johnson Block Largest

William Henry Barnum and William
Everdell, Jr., who viii improve 1t with
building from plans by Clinton &
Russell. Only a few days ago were re-
corded two mortgages on the property.
One was a purchase money mortgage
for sJ,000.000 given to MIR. johnson
with the understanding that II would
be paid in ten years The other. which
is for 81 500 900. was given To the
Thompson - jarrett Company. which
will build the building.
Several weeks previous to the John
son deal Barnum n Everdell bought
the northwest coruc. OF Madison avenue
and Forty-fourth street, plot on
which they will erect building for
Brooks Bros. the clothiers. now at
the southeast corner OF Broadway and
Twentieth street. Few deals closed this
year involved more money than this
one. IT was large enough to warrant
the Prudential Life Insurance Company
loaning 81 900. 900 to build the structure.
The site is 1875 feet along Madison ave-
nue. and 10 feet along Foriy-fOurth
street. II was bought from Thomas
Hidden, who has "A very good idea of
real estate values. and rarely sells any
thing for less than the highest market
value. A ten story building Will he
erected on the property. Brooks Bros
will pay $4,000 600 for the use OF the
building during the first twenty-one
years of their lease.
Diagonaily opposite is st. Bartholo-
news Church, which Is to move to
Park avenue. The wardens and vestry
Of the church have bought the site OF
the old Y. 4 VI. Schaefer brewery on the
east side Of Park avenue between
Fiftieth and Fifty-first streets as a size
for Ii new church. They paid si,j00,00O
for the property. The church. 1t is said.
will cost as much and maybe more. So
that the money involved in this deal
alone will reach 100000.
Between the new church site and the
north end Of the apartment house zone
on Park avenue are many houses which
have changed hands In the last six
months. The twelve story apartment
| house at the southwest corner Of Park
avenue and SiXtieth street, building 100
feet alokS Park avenue and 90 feet on
| the street, was sold last February by
| the John ]. Hearn Company. which built
| 1t, 20 the Hall and Lund and Mortgage,
! Company. subject to mortgage ot
! Sf9-sN'vs - lew NfthS ltltI the NV4OlN
! Club bought the northwest corner "
! Park avenue and Sixtv-second street
/ as a site for a new clubhouse
The club bought seven old dwellings
which lined the avenue 100 feet and 100
/ feet along the street For them and
the ground on which they were built
the club paid sl5o00o, lot of money
! for building FOR club purposes on
] . ~ ,.agII - L,,IF
/ club buildings in the city according 10
/ the little that has been learned about
the plans. 1t will be Colonial Of the
American Georgian period and will cost
probably 5000 900.
Members Of the Colony Club are
women ambitious of having club
building that will compare with any
mans club in the city. They have the
money and no doubt their ambitions Will
be realized This deal had hardly been
forgotten when DR.. James Bishop
bought the twelve story apartment
house diagonally across from the Col
ony Club site, the southeast corner, from
the builder who valued II at si,l50 900
Clarence Payne. Californian, came
here in May and for the northeast cor
ner Of Park avenue and Fifty third
n twelve story apartment house erected
two years ago by William II. CHEESE
brough, f. Clifford Potter I'D Bcnja.
min Mordecai
Only the previous month the south.
east corner OF Park avenue and Fifty
fourth street was taken by the Horatic
Realty Company from W. Ei.l!en Roose-
welt. "a banker who has found II profit
3 abl. p onerofe In renl tba