The sun., 1916-12-24
~ ARGYLL n. PARSONS
Of Douglas l.. EMiman 4 CO.

ef Douglas l.. E1llman 4 &c.
r,,. ,o.r ,o,s ba. bs.n m. nj, ,r,.r..,
800, in ,hn real s.,.,s asa % n
snu h.an in au other bnsinss. scsivi,is.
mr. '. o,d asarc that real estste ia ths last
u, s"nr...,on and ,bs la.t N rscovsr
to fesr a.p,e'" n, a" S,sns =
wor,hs dra w,nS ~ . c,oss uh,is
twnen.. ,orn,s ~ ,nvs,,nsr, ha,. .,rs
~ ~, =. ao,,,i,,. To- .or,. ,,,n. .nv,r,n.
pdsN.a. .rr..rns 80, s.,as. ~.
p'e,...o,. 49, . ,.uo.,,.o, :. -
enls ,e .h.s. ,ra,.rc.. M. 49,.
sponu . 49, T. .xcsr,,o, "a N:
noweVu' nns 20 ~. =E,,rnn.an ny.
paIusn' 1880
~fer 70 snnnrs k,,tn,-s .S,.
ns ms an.r,m.n ,o,.. h,,,,H,ns a.
su"u u..rpI.s anv n.sosct,si. 80.
sd no. A "su - -.
upo" v
W ua'n ,,,.u., ,..n..
nusheHS "mu .....,S p.Spe.. -,
vh'cn W. " - -, ..s -
- conuu''o"s -. I, ~
cesinnI"k y s"oN '-
siea,.,e ~. .r,," 49, s~.n .," .y -
pe.ous e'"e. "..s sUuy
eet,sr ren..nS .,,u'. y ".s
.nu wy 80 1890 :.
Ine ~. -. .ss...n a.
NtuaI"n mas s - w w,
ee'.' v,,u,..s N. ~
Cenar smu ram. 49, w -"
ina, e"'ne y. u"e
vscsn. sp.e' s ee" 49,
sncourSs"s n ~" ~.
nus pre-" az ~" TO- 49, uS-
y Is m,'..au. ."a ~. .ns.m..s =
Won "'n ".s. " '"e
course OF me ".A' .n"s se"so"s.
Aoo..u i" =. rw..nv',,S go. AZ.
yne F0Itldl VI AWVtts thtI StANSN w.
u1e', IT. 49,. $500.
sihce .ne r.s naS, ".es
men. 80 E~."
!esene's, o :, ,rb-ir,~...cona .,-.s, 4,
-" ~. ,.on,.rS. ".s ~
sp,.e ~, ne"~ S.N.e -
suoma. "a No., S,,,,d,m- .s 49,.
p,v,e"s' % ~ narn-.H- ne
niun -. y.
awen'y-io.," .'SN. no. !.
many n'on'"s 'A nN~.s
epor,eu prac''camy Q" PEI eem.. ren.cu
70 ,enan's OF "Is" e'a ~"
eoho''ion mas eN.enue" .n'o ,ne sec.Ion
nom In'r,y-secona 10 ritty ,n'hsn
street. ana To-Day mere 10 proosoIy 20
per cent less vacant space IN TINS ter
ntory IMAM mas oeeh the case LOT seS-
. sfal years.
once space In the Forty-second street
section has rented In many cases from
vic p'oASs 10 SN 100
Ing. at the southeast corner OF Forty.sec
end street and Fifth avenue the Guar
anty Building. owned by the Postal Life,
southeast corner OF Forty-third street
and Fifth went and In the Heckschel
Building. at the southeast corner OF
Madison avenue and Forty.second
street. Most Of the buildings Of a SIM
liar character In this district are to-
Gay practically 100 per e rented al
considerably higher rents per sQuar(
foot than have been recorded heretofore
A vacant store In the section from For.
ty.second to Fffty-ninth street 10 to.
lay the exception where formerly II wa.
me rule, and lofts throughout this Who'll.
territory have been rented readily.
This condition has ACCOMPLISHED much
toward establishing real estate as
prime investment, a position II Ia indis,
suitably entitled to, and when IL Ia con
siJsred that these properties show re
turns OF from 8 to lo per cent. and 4
Der cent. in some cases. with lam value
only slightly above the lowest figure
recorded In the past ten years, Il 10 no
alfRcult TO recognize that investment
In these properties to-day offer almos
Unprecedented opportunities.
For q building occupying
corner. improved with a sixteen stor,
sfbce and store structure, showing
BET return Of nearly $4,000 on tn
equity can be purchased for about $3.50.
900. This net IL arrived at after pro
' viding an ample amortization fund, to
Eether with all other expenses O
operation and maintenance. Anothe
building in this zone, an eigh
s,ory store and loft s%tructure. Is full