New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-27
Concern Also Gets Parcels
on Westminster and
Jerome Avenues.
QUICK RESALE OF
10TH ST. CORNER
Apartment Planned for Site at
Fort Washington Avenuc-
DyCkman Section Activity.


The American Real Estate Company is
the buyer Of certain plots on White Plains
avenue I'm The Bronx recently reported
sold The plots arc along tho route OF
the extension of the subway and consider
able interest has been aroused as 10 the
identity Of tho buyer.
This company many years ago adopted
policy Of acquiring property along the
lines Of existing and projected rapid tran
sit lines in tho boroughs Of Manhattan
and The Bronx. and more particularly NJ
station points OF these rapid transit lines,
and already has valuable holdings at inc
following stations Of the existing subway
line. Grand Central. Broadway and lloth
street. 18TH street and Third avenue
Wostchester and Jackson avenues, West
chester and Prospect avenues and West
chester avenue and Simpson street.
In PURSUANCE Of its long established
policy this company has now acquired By
purchase for cash and for investment
purposes the following properties;
Tho southwest corner Of White Plains
and Allcrton avenues. plot fr ting 10
feet on each avenue: tho northeast corner
Of Burke and White Plains avenues,
plot 75xl0 feet the southeast corner OF
East 2l9th street and White Plains ave
nue.. plot S9l6Aso feet. the northwest
corner Of East o96th street and White
Plains avenue. a plot 60Nl~ teet' the
northeast corner Of East SD street ana
White Plains avenue. a plot iATloD feet
and ar interior plot adjacent 80 the north
avenues. 41>13s feet.
At all Of these corners Viii he located
stations Of the White Plains avenue eN-
tension of the existing subway, contracts
for the construction Of which have been
let The extension Of the Third avenue
elevated will he up Webster avenue ana
Joins the extension of the subway up
White Plains avenue at Gun Iiill Road
and from this point north the right or
way is used by both subway and elevated
trains
These properties were acquired through
Williamson & Bryan. as brokers, who
also we're the brokers I'm the sale TO the
American Real Estate Company Of the
northeast corner Of Westminster avenue
and Castle Hill avenue. plot 2l1165 feet,
az which point a station OF the southern
Boulevard and Westchester avenue eX-
tension Of the Lexington avenue subway
is to be located.
The American Real Estate Company
has purchased a plot on the south side
of Westchester avenue. near Pelham Bay
Park. 40x6 feet adjacent to the terminal
station Of the Westchester avenue extern
sion Of the subway. The same company
has also purchased plot. 0xl00 feet
located on the northwest corner OF jerome
avenue and East 1&d street at which
point a station Of the Jerome avenue eX-
tension of the Lexington avenue subway
IS TO be located.
II is also announced that the American
Real Estate Company has purchased
property fronting the entire block on the
east side of East 174th street, from Hoe
avenue 10 Boston Road, ar which point
is now located station OF the present
subway. !. Clarence Davies was the
broker in the last three transactions. The
total amount of these purchases is APP
proximatey 10000.
In addition TO the properties OF the
company mentioned above which are 10
Gated at station points of the present sub
way. and the recent purchase along the
lines of the proposed subways, the Ameri-
can Real Estate Company mas extensive
| holdings in the sO-called Watson Amerl-
can Real Estate Company district and
the Southern Boulevard and Westchester
avenue districts, and four stations OF the
Southern Boulevard and Westchester ave
nue. extension of the Lexington avenue
subway. namely. Hunts Point avenue
! Wbjtlocll avenue Elder avenue and ca
I sons Point Road stations will he imme-
atelv adjacent 10 these holdings OF the
company.
| I-pon the completion OF the subway sys-
| tens now under construction this com
pany will have holdings adjacent TO
twenty different stations.
The II. * NJ Construction Company has
purchased the plot at the southeast
corner Of Fort Washington avenue and
18th street from the Lawyers Realty
Company. II was bought by the selling
company earlier in the month from
1 Charles VI. Rosenthal. +. X. MacManus
was the broker in the transaction.
/
has frontage of % feet on Fort Wash
lngton avenue and rs feet in 18th street.
II will be improved with high class six
story elevator apartment house.
| John n. Golding has resold for a synd
cate the entire block front on the west
erly side Of Ninth avenue. extending from
! 2llth 10 2l2th street, and extending back
on each street 80 feet, comprising twelve
lots. 10 private investor. This is the
second parcel Mr. Gol0ing has sold in the
last two weeks. the other being the corner
Of Post avenue and 201th street. which
! also was sold 10 an investor.
other sales announced follow.
STEBBINS AVENUE-H Il. Brill is reported 10
have sold tho triangular shaped plot al the
! southwest corner OF Stehhtns avenue ana CHS
/ holm street. having frOntage= 81 - feet on the
avenue and 4 feet m tho street. with irregular
| rear lines The buyer T. said TO he a builder
I who will improve the site with an apartment
| house.
THIRD AVENUE George ". Bretteil has
| sold for John 9. Bourne 60 Samuel Brogsn No
/ lsN Third avenue. a four story business build
| ing lot .5xlo0 feet.