New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-03
The BRONX AN
INVITING FIELD
Many individuals and
Companies Took Profits
There Last Year.
AMERICAN r. f. CO.
IN SERIES OF SALES
Vincent Astor Snapped Parcels
in Eastern Section with
Hunt Land Company.

The Bronx proved last year 10 be =
seductive and profitable realty field to
many individuals and companies. Buy
ers and builders were busy in the Hunts
Point section, on University Heights,
in West Farms, the Woodstock and many
other parts Of this rapidly growing bor-
ough.
In one Of the most notable series Of
transactions in the borough last year
the American Real Estate Company,
one Of the largest and most successful
owners Of Manhattan and Bronx prop
critics. figured. The company invested
about 100000 in the White Plains av.
zone, in which part Of the borough
prodigious benefits TO real property will
undoubtedly result from the operation
of the new subway links now in course
Of construction. between the heart of
Manhattan and The Bronx.
One of the purchases Of the Ameri-
can Real Estate Company was the fine
plot at the southwest corner Of White
Plains and Allerton avs. Among its
other purchases in the section we're the
plots at the northeast corner of Burke
and White Plains av., and the north
cast corner of White Plains av. and
233d 81.
Another one of the many big features
OF the trading in The Bronx in the year
was the purchase by Shubert Brothers,
through Arnold. Byrne & Baumann, Of
the Cecil Spooner Theatre, at Southern
Boulevard and 163d ST. 1t is one OF
group Of community buildings erected
by James +. Meehan.
In exchange for the property the
Shuberts gave a row OF SIX 1--WE story
f1athouses, at to - West 63d st, and
occupying a frontage of $50 feet. The
total worth of the properties in this
trade was said TO be 100000.
Other big transactions in The Bronx
in the year were as follows:
The purchase by the Winnie Com
pany. Maurice Muller, president, through
Porter G. Co.. from the Haskins estate
of the southerly half Of the two block
long parcel from Fovdham Road TO l92d
st.. between the Grand Boulevard and
Concoursc. and Creston av., on which
stands the old Haskins house.
The Episcopal Home of the Holy
Comforter for Aged People bought
through George r. Read & Co. from
Major z. Dickinson Jewett the north
west corner of Grand Boulevard and
Concourse and 196th ST. q plot having
a frontage Of 200 feet on the avenue
and 10 feet on the street.
Vincent Astor snapped some parcels
in the eastern section of the borough
with the Hunt Land Company, the brok-
ers in the transaction being Pease d
Gilman. Mr.. Aston got from the Hunt
Land Company the entire block front
on the east side of Cruger av. between
Bear Swamp Road and Brady av. In
exchange he gave eighteen lots on Hol-
land av. running north from Brady av.
40 feet.
McLernon Brothers sold for the es-
tate of William Nelson the block 'front.'
on the east side Of the Grand Con-
course and Boulevard between Field
Place and 184th st. TO the Mercedes
Building Company, of which John Boy
land is president. That site was bought
for Improvement with apartment
houses. A. n. Gittermsn Corporation
sold for the Hunts Point Estate, Roo-
ert f. Simon, president, 70 the baron
cite Construction Company the south
east corner of Hunts Point ana Hsr-
rison avs. The parcel comprises se'eH
lots on which the buying company
MANNED TO erect three five story apart
ment houses. Builders completed III
The year more than ten similar houses
in the section, all of which were rented
quickly. Sc ~. d..
nartment store at Third av. and i4Sth
st.. bought through Smith & Phelps 6dPp
from Florenz Stolz 1862 and 2964
Third av., a plot 5Ox1S5 feet, as site
on which to build store Tor ms own
Alexander Selkin and David MINT
cid for the Fleischman Realty Com,
Dsnv sixteen FIVE story fathouses l6OS
70 1925 Charlotte st. These houses were were
held at $4,000. It was an all cash
transaction, over the first mortgages,
the buyer being John J. Tully, one OF
the largest Bronx builders.