The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-02

n. market for some time either 70,
ii. or rent passed to nov interests
vhA,h passed them along to 0thers
All within . few weeks, and In cash
rase at q profit. In one OF these deals
a. much a. $4,000 was made by the
/. Az, buyer In each OF the other deals
srou $4,000 to $4,000 was made. This
se.n,s to indicate that opportunities 10
make money are present in real estate
y one wishes to seek them. and having
scund them has the courage to back up
liz Judgment with money.
rimidlty IL one OF the faults Of the
.si estate investing public Just now.
~. happenings of the last few yoarS
nave 40 frightened investors that op-
syrtun,ties are let slip by for hack Of
sourage. Several years ago there was
~ such thing as fear to b found In
fhe real estate held.
property was bought and resoid often
IN the same day. The market was 100
1--WE TO permit dreaming over PROPOSE
IONS II was a quick decision one way
Az the other Buy to-day and sell to-
s,orrow. II was Wall Street methods
appled 10 real estate.
overcaution Is one OF the reasons. In
esc, the chief reason. why the former
calumet Club, at the northeast corner OF
rsnh avenue and Twenty-rfnth street.
m. LEFT plastered for months with
brokers' signs announcing the building
n, -rnt Few II any OF the thousands
mo passed the old building since the
Calumet Club vacated several months
40 ever read tho sigma let alone In
ssrested themselves In tho money max
n, possibilities offered by q lease on the
orope-y. Those who did stop and IN
...,,yats failed to take advantage Of an
opportunity that existed.
They all failed TO be exact except Or.
4 wallace Beveridge, who. walking
Sovn Fifth avenue several weeks ago
so,lced the old clubhouse. Though he
el,,ms no great business acumen. being
so,e,y a medical man. he saw almost In
rantly the possibilities of the corner.
Or. Beveridge saw that II would mako
m IDEAL spot for executive ofhces for
chyscians. Being . doctor he knew
ne needs Of such q place and had no
fear OF the success Of the venture.
with Dr. A. ]. Quinby. who decided to
share responsibility OF the lease with
A,m. h. called on tho brokers In charge
Of the renting OF the property There
Sns little haggling over terms. Although
only a three years lease could be given.
h being the unexpired term Of Calumet
Club lease on rhe property. which the
l.
mon; for his residence In Fifty-sixth
street., the doctors took the building and
psnned TO spend much money In re-
building the interior to suit the needs
Of physicians.
Ten days after the lease had been
erned and about the time builders were
ready to start making over the interior
Of the building real estate brokers ap-
preached the physicians on proposition
70 sell their three years lease. They
refused fatty. They wanted the prop
erty and were going TO carry through
.helr plans When informed OF the rea-
son for wanting their lease the doctors
consented TO a sale and SO. 900 was paid
them. They had but few thousand
dollars invested in the lease.
hs was told in THE SUN Burton Bros
&C. bought the corner as a site for a
building for their business.
Frederick Brown. formerly OF the
Brown Weiss Realities, has profited 20
n. tune Of $4,000 from the purchase
and resale of Rugby Hall and Elton
Hall. two apartments on Claremont
avenue facing Barnard College campus.
NJ Brown bought the property from
Ms Lila +. Hyde for S415.0O0 In
March He put $4,000 in cash In the
deal Mrs. Hyde bought the houses
from h. Crystal in February 1911.
Several times since then negotiations
had been on for the sale of the houses,
but nothing ever came OF the dickerfng
Even few days before the property
va. taken by Mr. Brown a deal had
been arranged for another. but this
Transaction failed.
Then Mr. Brown was offered the
property. which he took without I'M
necessary loss OF time. Four weeks
later Mr.. Brown turned over the
houses TO another for $4,000 cavh
above the mortgages and some free and
dear property. His profit out OF this
deal has been estimated at $4,000.
Daniel II. Jackson. who has MADE
many profits this year. added $4,000
hst week 10 his bank balance through
O.. resale Of IA West Tooth street. He
bought Il for the second mortgage.
$4,000. The hrst was $4,000. In other
words he got the property for $4,000.
Nine years ago tho sellers bought the
Cat through the Duross Company for
)62 900
Jackson held the house about ten
$1,000 more than he paid for II the
previous week.
A few days ago $4,000 was made
On little dwelling in Twenty-fifth
street, between Seventh and Eighth
eSenues, and on Saturday the records OF
Transfers gave a property on upper Lex
hrton avenue which had been sold at
profit OF $4,000. These are incidents
Of money making In real estate picked
q random from tho trading Of the last
av weeks Many other Incidents, prob
ably much more interesting, have been
Kept secret for the time being. They
Indicate that tho trend OF the market
2 toward better prices and better
tines