New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-01
Twelve Story Building in
Goth Street Held at
$3.50,
SALES OF REALTY IN
GRAND BOULEVARD
Purchaser of Corner Plot 10 I'M
prove Site-Apartment Re-
Gently Completed Sold.

Cutner & Upset have sold for Hous-
ten 7. Reader and Isaac Josephson. as
trustees. the twelve story store and
loft building, at 1918 West Goth St,
s7.6x9S.9, west Of Sixth av.. TO a client
Of Bling & Bing.
This purchase by prominent builders
and operators was for all cash and is
an indication OF the beneficial effect
the zone movement is having upon
mercantile structures south of Saith st.
The asking price Of the property
was S450.000 with a total rental OF
over $4,000 year. Stoddard & Mark,
attorneys. represented the purchaser,
and the trustees. attorneys were Gill
bert. Lautcrstein e. Gilbert.
Bling & Bling purchased recently A
similar structure directly opposite. at
l22 TO 1876 West Goth ST., through the
same brokers. from the Fabian Con
struction Company. and now own two
twelve story loft buildings on the
street, showing their faith in invest
ments of this character. The mer-
chants and manufacturers are requiring
additional space for their increasing
business, and the improbability of any
new loft buildings being erected for
the next few years is an important
factor in creating stability in the MGR
camille section.
There is a smaller percentage Of va
cancies existing in the district to-day
than ever before, and the owners pro
pose TO increase the rentals through
out the section at the expiration OF
the present leases.
Other sales follow:
GRAND BOULEVARD-H A. Doug
las e. Co. have resold for the Dayton
Construction Company Harris & kly
Maran) the southwest corner o. tho
Grand Boulevard and Concourse and
1q8th ST.. plot fronting 100 feet on
the Concourse and "a feet on l96tn
ST. The purchaser is William kaut-
mann. who resides on University aV.
He plans to improve the plot with a
business building. The Messrs. Maran
bought the property from a Mrs. Ber-
gin about month ago.
GRAND BOULEVARD - Frederick
Brown has resold 10 George s. Runk
1899 Grand Boulevard and Concourse'
n new FIVE story apartment house, with
twenty suites. on plot 50XsO. held at
100000. In part payment the buyer
gave a residence. with two acres. at
Calhoun Heights, Greenwich. Conn.
The Bronx house was acquired BY Mr.
Brown last month from the Nista Con
struction Company, which completed IT
a short time before. .,
18TH SIN. Brigham Hall & Will
lam d. Bloodgood sold for John Healy
to an investor the six story elevator
apartment known as the Teresa, at
241-243 West 1l3th St. on plot BOX
1OO1l. The above brokers have been
appointed managing agents for the
property by the new owners.
10TH ST. Daniel II. Jackson has
resold to Joseph Green. client OF
Herman Arms Company, 152 West lO5th
St. a five story fiat, on lot 25xlOO. Mr.
Jackson bought this property from Her
man Baer last month.
18TH ST.-John J. Kavanagh has
sold for Fl. B. Shiever to {. A. stein.
adjoining owner, East Seventy-hith
St. a four story and basement dwell
ing. on lot 27.2x31. located s. feet west
Of Madison av.
s6TH -Slawson & Hobbs have
sold for Flora r. Stettenhelm III
West seth ST., a four story dwelling
on lot 20xlO0.8. to client for occu-
pancy.
WALTON Avs. J. Taylor sold for
George W. McAdam the southwest
corner of Walton av. and ls3d St,
plot 43X95. 10 a purchaser. who VIII
erect apartments with stores.