New-York tribune., 1919-02-15
Adams Co. Sells
Another Loft to
Frederick Brown
Eight Story Structure in
West l7th St. Acquired
for Speculation; Second
Taken by Him in ? DAYS

Frederick Brown has bought another
iolt building and from Adams Land and
Building Company, which is the real
estate company of the Adams Express
Company. He bought yesterday the
elght-story building at 121 to f25 West
seventeenth Street through the
Charles f. Noyes Company, which sold
to the operator the loft building at
474 and AIS Broadway on Thursday.
The two properties cost Mr. Brown
$7S6,474.4O, according to the brokers.
The Seventeenth Street building taken
yesterday rents for $4,000. which gives
1t market value of $225,000. 1t COW
ers site seventy-four feet wide and
ninety-two feet deep The resale of
the property at profit is expected. In
fact, it was said yesterday, that Mr..
Brown had resold the building. but this
conuld not be confirmed.
This was not the limit of Mr..
browns operations yesterday. Through
John j. Meehan he sold in a trade to
the Doumen Realty Company the five
story apartment house on plot S0x1OO
at b14-16 West 1S4th Street. adioin-
ing the corner of Audubon Avenue. It
was held at 100000. In part payment
the buyers gave the two buildings on
plot 50xl00 at 455-57 West Forty-third
Street
Mr.. Brown also purchased from a
client of H. l.. Phelps 404 East 15Sth
Street, tive-story, twenty family
apartment house on plot 5Ox10O, held
at $4,000.
Mandelbaums Resell Minerva
Harris and Maurice Mandelbaum
have resold the history Minerva
apartment house, at 365 and 367 West
l1Sth Street, which they bought recent
ly from the Seamen's Bank for Savings.
The house is on plot 50x10O. The
buyer is Morris w. Wollens, who re-
turns to the market after an absence
OF several years, having formerly
traded in small investment properties.
He IS understood to have paid the
Mandelbaums a nice profit. julius
Levy q Morris Lichtenstein were the
brokers.
Ennis & Sinnott Buy Flats
Ennis & Sinnott have purchased from
Edward A. Gloltner, 534-536 West 159th
Street, near Broadway, two five-story
double flats, each on lot 25x1OO. John
Becker was the broker
James Murray's Company BUYS Flats
Mcdowell & Mcmahon and O'Reilly
Dahn have sold for Ellen f. Wall to
the H. and NJ. Building Corporation,
James Murray president, 552 and 554
West lS8th Street, six-story non-ele-
vator apartment house on plot 50x05.
Mcdowell & Mcmahon also sold the ad-
Joining similar property at 556 and
558 West 188th Street to the same
buyer, for Frederick Brown. The build
ings were erected in 1915 by the Good
man Construction Company and were
held at $4,000 each.
Business Claims Tenements
Edward j. Thompson has sold for the
American Press Association the front
and rear tenements at 233 and 235 West
Thirty-tifth Street. on plot 42x98.9.
near Seventh Avenue. The new owner
is A. E. Armstrong, who plans to inn
prove the site with building for his
own business. The sellers acquired
the plot ten years ago for the purpose
OF erecting a building for its own use,
but later decided on a Thirty-ninth
Street site.
Deal in Stuyyesant Square
Pease Gilman have sold, fur
nished, for the Chelsea Realty Com
pany to +. j. Powell, who will occupy
it, the five story, twenty two-foot
American basement dwelling, built the
full depth of the lot, eighty-four feet.
at 2 Rutherfurd Place, adjoining the
southwest corner of Seventeenth Street
and facing on Stuyvesant Square.
Deal in East 123d Street
Arthur Halla has bought the three
story dwelling on lot 15x10O, at 1877
East 123d Street, from Helen NJ. Fan
ming, for occupancy. George w. Bret
tell arranged the sale.
Investor Buys on Powers Avenue
Morris Polsky has sold for cash to
an investing client Of Schoen & Weiss
the sixstory fiat at 348 Powers Avenue