Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-05
BROAD ST. REALTY
VALUES INCREASE
AFTER LONG LULL
Sale Of Six-Story Property
Near Race Street Shows
Stability Of Market in
That Section.

The transfer OF the slx-story bulldinT
h2 a North Broad street. lot 81 feet by
$50 feet, by Percy l.. Neel to j. r. Nc.
Allister, president OF the Franklin Ma.
tlonal Bank. calls attention to local.
ity which has been for the last few years
Increasing in value after long period
Of stagnation.
For years large holders Of real estate
IN this vicinity held back the advance in
value OF the street by refusing to sell
property or improve II themselves
The property above mentioned was ac-
CURED by Mr.. schoch on November g.
1902. from the Real Estate Trust Com
any with frontage on Broad street OF
81 feet, with depth OF $50 feet. paying
for the property SiOO.O0O He improved
the property by the substantial building
II now has upon 1t mortgage OF $500, 600
and is assessed for the current year at
sS25,00O The seller, Percy L. Neel, Is
president OF the Automobile Sales Cor
poration now occupying the building
Other sales on Broad street in this
section were;
1910 February 19--2Os North Broad street,
Cast sSOn o. ss:essea s. apf go A. :o5 55eTSs0 SS . to
iSio oImSgsSysd Sgoy.sy by 1wSsts955y building nrr po,,
bought in by bondhoiders for ST25. 600. As
1871 bSS e?t g SCgsnSda anal a SSSSo SS2tS Broad
street, Il. .1oITS feet south line. os feet north
i EIisabeth b. a HSi S Sc COO. JEAN Improved duqb by
two-;Sat.oITy building and Is assessed at $4,000
Broad street from Arch street north
for several squares Is beginning to open
up to a set OF values more in proportion
70 its central quality
AUTO BUILDING ARISING.
On July as last a syndicate of real
estate men obtained property at 203-5 |
North Broad street. 1t is now being Inn
proved by q slx-story concrete building |
to be occupied by the automobile trade. |
1t is assessed for 100000 for 1914.
About 5000 a front foot was offered |
for the Godschalk property, 216 to 220 |
North Broad street, year ago. 1t Is |
now assessed for t265,OOO, rate of 5000 |
foot front.
There is not a property with a sign |
''for sale or ito rent" from the City |
Hall to Vine street.
Money has been coming out more free
ly. In the week ending with last Thurs
day recorded mortgages show:
Trust companies loaned. ................S .S632, 100
NEUTRALITY-SUSPICIOUS.. s4T,3sO
LARGE LOANS RECORDED
Large loans were made as follows:
s1s.oo0-s. F.. NlrdlingeE 10 Phila. Butchers
SO oot-A. Heinheid to Penna. Trust Co, 9.
!. cor. 18th and Cherry SITS.
Sc. .0o0-R. Kennedy to Fidelity Trust Co.,
1924 N. Broad Ht
s2s, ,9oO-Reaity improvement Co. to Real Est.
J. l. and I; CO., n. g. s. EInlen. 352.6h It.
y51 lot White to North Phila Trust Co.,
". 3. chelten ave-, s61.6's It. n. e. Mag {
sIl7. 5oO-T. White to Mission st. Vincent do
Siso.ooo"G c. BoIdt to Penna. Trust Co.,
500. ooo-c. Gemehf to J. II. McFadden. n. ..
.ocust, 1872 G. 18th St. etc.
fi5Q00O-H; G. Hollinger to Phila. Co.. n. ".
or. 10th and Walnut SITS.
s20.00O-J. Silberman TO F. II. Moss. q. q.
'enanEo, 20 IT. c. 10th St
$40 O00-M. Treacy to f. X. 3! Price. n. W. q. a
$35OO0-E. NJ. Harris TO Gene Lawton B. and L
= Asso-. e. B. 22d ST., 1921 n. Race.
The first meeting on the opening OF !
he Parkway from 10th street to 22d
treet was held by the Board of Viewers
in Room 296, City Hall, for {
he presentation of claims. !
Properties on Winter. Vine, Pearl {
Wood and Carlton streets from 18th
Q 22d street, are being rapidly pulled !
own.
Tho hearings will be held January 3,
: 10 and 25. when testimony can be
More than 100 properties
ave been taken.
The market is getting more active. {
interest rates are unchanged. /
LESSOR.