Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-07-17
REAL ESTATE DEALS
PROMISE REAL BOOM
Conditions in Washington Are I'm
proving Rapidly, Say
Brokers.
Work on Big Building for Southern
Railway Is Begun-sales OF
the Week.

With the generally improved condi-
lions in business which have developed
in Washington as well as In other
cities the trading in local real estate
has become more brisk and contracts
for improvements of considerable value
have been entered into recently Real
estate brokers stated with confidence
today that they looked for big boom
here within the next few months.
The Federal City Construction Com
pany, a Delaware corporation, OF which
Frank P. Milburn. architect or TINS
civ Is president and A. NJ. McLach-
len secretary, this week began tearing
down the buildings on the half square
of ground Immediately east OF the Mu-
nicipal building, fronting on D, E and
1sh streets northwest. The company
will erect a nine-story f1reproof bulld-
ing on this property, wh1ch is 70 NC
leased to the Southern railway lot
neriod of ten wears, with the privilege
of renewing the lease for announcer ten
years.
To Be 100000 Building.
The new building is to cost upward
of 100000 and will be completed oy
March /, 1916. Last Tuesday deeo
was filed from Plimpton 3. Chase con-
yeyins the property to the corporation
for a consideration indicated by the
revenue stamps at s295.00O.
The company placed two deeds OF
trust on the property, one 90 mia
ing which has been leased TO tne
Southern Railway Company, and the
other to secure Mr.. Chase $260,OOo OF
the deferred purchase price.
The ffrst trust is to the Union Trust
COMPANY to secure an advance OF
100000 made by the Fidelity Trust
Company of Philadelphia, portions OF
in from six to sixty months. with IN
terest at 51z per cent.
The deferred payments to Mr.. Chase
are to be made in ten years, with in
terest at per cent
J, r. Dos Passos Buys Dwelling.
John r. Dos Passos has purchased the
residence at 171s 18th street north
west from John c. Walker. the trans
action being made through the office OF
Story & Cobb. 1t Is understood that
the price paid for the property was
s12.5OO. Mr. Dos Passos bought the
house as an investment and has leased
it to the military attache OF the Rus-
+ sion embassy.
A deed was placed on record this
week transferring the property at l2l1
Connecticut avenue northwest from Dr.
John Dunlop to Dr. William B. Mason.
The consideration named in the deco
was $4,000.
Redwood Figures in Trade.
Gardiner & Dent. Incorporated. real
estate brokers. report the exchange OF
the business property at 733 18th street
northwest for the Redwood apart
ment house, 1921 Corcoran street
northwest The 18th street property is
. three-story brick building with eel
lar, occupying a lot about twenty-one
feet front by depth of seventy feet
E. NJ Rutty, the former owner Of this
property, acquired it only about ten
days ago through the offices of Card
ine- and Dent, Incorporated. The new
owner. Walter H. Klopfer. expects to
remodel it into modern business
property. The Redwood apartment.
which Mr.. Klopfer gave in trade as
part payment for the 18th street prop
erty, is a three-story building contain
produce an annual rental of little
over $4,000, and was valued at $4,000.
The 18th street property was valued
premises 1908 18th street. three
story brick residence containing ten
rooms. bath and cellar. 1t was pur-
chased by says sesa at
The firm also reports the sale of
four new brick dwellings, 1881 to 759,
inclusive. Fairmont street. They are
two-story. hve-room bricks recently
completed by NJ. D. Campbell. builder
and owner. They were purchased by
Washington r. Berry as an investment
at a consideration said to have been
$1,000.
For Fred D. Giesler this firm has
sold to Dave Brill the house 1929 Illi-
nois avenue. a two-story brick DWELL
ing containing six rooms and bath, for
$3.50.