New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02

eoor construction and permanent hgnt
facilities. this building having the enyI-
able situation Of having permanent ns"'
on four sides on account Of the aolo'"i"s
propsrty being leasehold and impro' eu
with low structures.
I'm 26th street. from Eleventh avenue
westward. the Baltimore ONO ka'lrOau
has erected a storage warehouse RUNNING
half the block. which is now nearing COM
pletion. This is diagonslly opposite the
fen story building erected by Simon Hinh'
manufacturer Of the Gem safety Hazor
and other metal specalties, who occupies
almost the entire building for his own use
Adjoining is the Otis Elevator Company
new building. which occupies the ehllrs
block frontage from 18th 10 2th street
on the easterly side OF Eleventh avenue
also entirely occupied by themselves
The New York Central has also added
two new eight story warehouses III the
block from 9th to 18th street and DleV-
cnth to Thirteenth avenue. to replace
other structures which had been Daoiy
damaged By fire.
On the southwest corner Of 18th street
and Ninth avenue a ten story Duildlnb
has been erected by Haywood. STasser &
Volgt on A plot l00xlO) feet. half Of which
Is occupied by them for their own use as
printers and photographers.
TIE building on the north side Of Ntl
street. between Eighth and Ninth ave
nues. erected by the ST. Johns PARK
Realty Company. was leased 70 the Amer
lean Tobacco Company and Immediately
sold TO an investor
The twelve story building on the south
side of S3d street. between Ninth ana
Tenth avenues, on a plot of l3l feet front
age. erected by The McKeon Realty Com
pany. has been leased to separate tenants
and is now entirely rented, and the sale
Of this property was recently reported.
In 26th street. between Tenth and bleV-
enth avenues, II. II. Urls has erected an
eight story building. rarity for his own
occupancy.
On the north side Of 2lst street, between
Tenth and Eleventh avenues. Charles
Hofferberth has erected an eight story
building. on a plot l00Xl00 feet. part OF
which he occupies for his own purposes
the remainder being occupied by tenants.
In 18th street. adjoining the northeast
corner of Eleventh avenue, W. q D
Sloane have built an additional e'gnt
story warehouse adjoining their ten
story building. erected the year previous
The Slawson-Decker Company has adu-
or two stories 10 its i2J-foot building IN
18th street between Tenth and Eleventh
avenues.
This statement shows that the only TWO
buildings erected on speculative oasis'
namely. the buildings erected by the 81
Johns Park Realty Company ana the
McKeon Realty Company, in west -''"
and West SD street, respectively nave
been rented in their entirety and sold'
upon completion. TO investors VINO prefer
the stability Of this section for sound ana
certain investments.
one OF the advantages to manufacturers
I'm this section is the disposition OF the
Moore Estate (Which is one of the largest
holders I'm the Section. and has been rep
resented by James y. Weiss Sons for
the last seventy-eigh: years. to improve
its vacant property, as the leases expire
from time to time. and TO erect buildings
to suit the requirements OF tenants upon
long term leases thereby allowing the
manufa ,turers TO retain their money for
their own manufacturing purposes, In
stead of employing it in the purchase OF
realty and the erection Of buildings, tying
ND considerable money which they might
use to better advantage by employing It
in their business This does not apply
merely TO large structures, but I'm many