davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-11-09
How a ; Per Cent
Tax Would Affect You

"A tax rate Of 3 per cent would
have the effect of raising the rent
OF every $50 a month apartment,
store, loft and office from So to S5
a month; every $1O0 month apart
ment, store, loft and Office from 81
to $40 q month, and 80 on. This
would make q total to be turned
over by the owner for taxes, out
of every 800 month rent, Of from
$18 to $780," says the Building Man.
ayers and Owners Association, in
a statement issued yesterday.
In normal time the increase Of
taxes was long time showing it
self in the rents. But now, with
the city underbuilt, rents are SEN
sitive to every expense affecting the
net income of real estate, and in
creased taxes will be almost imme-
diately reflected in increased rents.
The sorry part Of it is that not
only the increased taxes are added
to the rent but 81 month increase
in taxes turns out to be, too often,
IS increase in rent.
Citizens would take more inter
est in city expenses if they paid
these taxes directly to the city in
stead of through the landlord. 1t
would hel~ if the rent bills were
strikingly stamped: 'One-fifth Of
this rent is for city taxes. Watcr
your city's expenditures; you are
paying them.
New-York tribune., 1919-11-09

Of real estate brokers'. which is not to
be belttled because Mr.. Broker is a
tarseelng and an able gentleman who
learns little about every one active in
the market as he goes his way from
one client to another with proposals
which very often are worth q good deal
more consideration than some give to
them. Mr.. Broker says that he could
not say who has made the most money
in the market during the year, because
all the big fellows have made money
and lot of it.
Many new men are in the market
and they, too, have made money, SO
much OF it that they have given up
thelr ola businesses to study the
possibilities of real estate Some
brokers think that Frederick Brown
has harvested more money in the real
this year. Others think that Robert
Z. Simon holds first place while others
say Robert Z. Bowling has proved the
master actor in the current market
But conservative brokers, men who by
their extensive dealings are in good
position to judge the winnings of
various operators in the realty field
say that it would be as easy to tell
the age of Ann as to answer with any
degree Of accuracy the question, "Who
is the biggest Garner in the realty
market this year,"
Many Gains Unreported
They say that the trading has been
so extensive and the opportunities so
numerous that it has been impossible
for them to trace the profits which
have been made by this man and that
New-York tribune., 1919-11-09
- ROBERT e EDONZ/WG WHOSE EN/7X
IN REHL7y IS rs STRONG rs
20 yERRS HGO


man and the next man. A number of
deals, they say, have never seen the
light of publicity, so it does not fol-
low that the most advertised trader
has made the most money. The opinion
is that Robert f. Bowling, Robert F..
Simon, Frederick Brown, Max Natan-
son, Clarence W. Eckardt, Richard S.
Elliott, Sigsbee Graham. Norman S.
Riescnfeld, Joseph Shenk and Elias A.
Cohen have been the big profit makers
of the market.
Of course. elimination would center
the selection of the big money getters
of the realty field this year on about
five men, whose names arc too we'll
known to need to be mentioned. Fred
erck Brown is said to have made $2,-
100000 in real estate this year. 1t is g.
big heap of money, and some will ques-
tion the correctness of the estimate
Mr.. Brown has been an active man
this year. He has bought every char
acter OF property and in every section
of the city. During the year he has
bought and sold lofts and dwellings
on and near Fifth Avenue, big CONNER
interest the wenlthiest of families. He
also has held apartments through the
West Side and The Bronx and prop
erty in the big business district of
the city, that is, in the downtown iinan-
cial zone.
Mr.. Brown does not know offhand
how many properties he has taken
under contract during the year nor
what he has made out of this or that
property. He is regarded as one Of the
keenest traders in the city, quick
actor who will accept or dismiss a
proposition within day after it has
been submitted. Brokers say that he
gets up at the break of day and in his
automobile travels around the city in
specting the property which has been
offered to him the previous day. On
New-York tribune., 1919-11-09
Foreign Resident
Accepts Offer for
New York Flats
Margaret E. Hill, of Scotland,
Sells Central Park West
Apartment Group to l. r.
and E.. Jacobs

Margaret Z. Hill, who lives in Scot
land, has accepted the offer of l. Ran
dolph and Everett Jacobs for her
property at the southern corner of
Central Park West and 103d Street, a
group of apartments the income from
which was satisfactory to the foreign
resident owner.
There are three houses of five stories
each in the group, which covers a
site 100x100 feet. The houses are of
the pioneer class, and of the time when
the suites were large and roomy.
The Messrs. Jacobs owned the block
Of houses to the north of this property
which they resold to Edward w
Browning. who is altering them into
small suites. Yesterdays deal was
arranged by the BrownW Wheelock Com
pany,
New-York tribune., 1919-11-09

in the old midtown section, the terri
tory deserted by mercantile firms when
Fourth Avenue was opened to them
tle may not have bought as many par
cells as some other operators, but the
total of his profits will compare with
the earnings Of any operator in the
city
Elias A. Cohen made at least $40 900
last week He sold to William Peck g.
60. the Downey Building, at 1876 to 140
Front Street, bought the previous week,
at clean profit of $4,000.
Some say his profit in this deal was
as much ns $35oOc. He is said to have
bought it for $225.0O0 and resold 1t
for $2b0,000, which. exclusive of ex-
penses attached to the deals, gave him
$4,000.
He bought the Globe property, sur
rounding the southwest corner Of
Broadway and Dey Street, two weeks
ago for price said to be 100000. He
has succeeded in getting mortgage of
S650.oo0, and has an opportunity of
leasing the property ut 100000 q year
net. He owns the Merchants Build
ing on Stone Street. near Whitehall
Street: His price is S52o,oOo although
he paid only $25O,OOO for it and has
been offered a profit of 100000.
O""o" AA A"iSeio l" Tront otleet bIOCk
Clarence W. Eckardts trading has
not been as spectacular as some of the
other operators who have made the
downtown district their field of opera
ton. He has confined his buying to
properties on the fringe of the "Big
Business District" as it is fittingly
termed. He has owned eleven parcels
in one block of lower Front Street
since the first of the year. He has
sold them all with the exception of
possibly two parcels, and at prices we'll
above what he paid for them. He sold
to investors who wero willing to nav
New-York tribune., 1919-11-09
hn Auin 0r ~, LII Inn

this morning ride he decides whether
he will or will not buy.
Robert E. Bowling was the foremost
in the personnel of the realty market
of former days. He still maintains
that position. He is still big trader,
and no deal is too large for him to
consider. He bought the Exchange
Court Building at Broadway and En-
change Place several weeks ago from
Captain John Jacob Astor. The terms
were cash. ]. Clarence Davies took the
proposition to Mr.. Bowling. Studying
it for a while. Mr.. Bowling is report
ed to have wheeled about in his chair
and said, IL will buy it," 1t meant
that Mr.. Bowling would have to pay
So 2,800,0 900 in cash. But what Of that ?
1t was good buy and time probably
will prove that Mr.. Bowling made no
mistake.
Just before last Christmas he closed
with the Mortimer estate for the pur-
chase of the Mortimer Building, at the
southeast corner of Wall and New
streets. and 64 and 66 Nassau Street.
He had to buy both buildings. He did
so. confident of the market that was
Just ahead. The Stock Exchange
bought tthe Mortimer Building from
him. paying him a profit of 500 900.
He is said to have made $50 900 on the
Nassau Street realty
Made Largest Profit
Robert f. Simon is reported to have
made profit Of $1,ooO,OO0 on the re-
sale of the Putnam Building. in Times
Square. When asked what was his
actual profit he answered that it was
bigger than any profit he had made in
any deal he has been in in the last
twenty years and Ventl1rcd tho o,,oSs
that it was the largest profit that had
eyer come from one piece of property
The million came to him in a few
months Mr. Simon hnn hooa aa4:
New-York tribune., 1919-11-09
May Save Monroe House
For Historic Purposes
Fund Being Raised to Buy Old
Home of Former President.
in Prince Street

Announcement that Bryan L. Ken
nelly will sell at public auction on
Wednesday the one time home of Pres
dent Monroe, of Monroe Doctrine
anne, located at 63 Prince Street, north
west corner of Lafayette Street, has
created unusual interest among pa
triotic societies, which desire to
preserve this landmark of old New
York. 1t is expected that the societies
Will be able to raise a fund sufficient 20
cover the cost of acquiring this prop
erty, which is a part Of the block
front on the north side of Prince Street,
between Lafayette and Crosby Streets.
consisting Of group of loft buildings
or interest to investors and oper-
ators in this sale is the southeast
corner Of Amsterdam Avenue and
Sixty-ffth Street, two five-story apart
ment houses with stores, 5Ox10o; two
e-story buildings, 59.5x96x Irregular
on the southeast corner Of CHRISTOPHER
and Bedford streets; five five-story
apartment houses on the northwest
corner of Third Avenue and Ninety
fifth Street. and five story apartment
houses, 40x100, at 81 and SIS Grove
Street, running through to Sheridan
Square: All of the foregoing prop
critics being offered for the estate Of
Alfred Marshall.
Mr.. Kennedy will also sell for the
estate OF Rufus Smith a four-s story
building at 47 West Thirty-ninth
Street. There will also be offered three
three story old buildings at 1856 to 739
Washington Street, running through to
l29 Bank Street.
For the estate Of John Fleming will
be sold thirty-four lots on North
broadway and Pa!isade Avenue, Yonx-
Little Bay (Robinswood), Whitestone
Landing, Queens.
New-York tribune., 1919-11-09
Shopping District Loop
Plan Meets With Favor
Many Advantages Seen in Idea
10 Link Centre of City by Means
of Extension to Subway I;nes


Plans for a subway loop to encircle
the heart of the city as proposed by
the Thirty-fourth Street Board Of
Trade nave aroused widespread inter
est. Civic associations in all sections
or or the city are discussing the plan.
Inc leading associations in Manhattan
are considering the suggestion made
Dy EVlan Green, president of the
that a central loop COMMITTEES be-
formed with representatives of several
organizations as members to further
the project.
Owners Of real estate whether Of
the great properties or the little stores
and residences in. the section between
Twenty-ihird Street and Fifty-ninth
street, are strongly in favor of the
loop plan. While designed primarily
to aHofd i transit relief for the central
part OF the city, which takes in the
great shopping, hotel and theater dis
trlc;ts, the loop could be expected to
add greatly to property values
throughout the entire section.
The plan calls for a loop through
Forty.-second Street, Fourth Avenue,
Ihirtieth Street and Seventh Avenue.
The local tracks in the Fourth and Sew
enth avenues subways would be used
Gnu az oiic lrach III fOrty-SecOnd Street
he plan would not interfere with the
existing shuttle service in Forty-sec-
ond Street, but would supplement 1t
and relieve congestion. The only new
construction would be the connecting
link in Thirtieth Street. Thirty-frst
Street could be used as alternatives
The estimated cost is about 81. 500 900.
Among the advantages offered are
these: The shopping and hotel center
would be bound together by con
yenient short haul line; the New York
Central and Pennsylvania Terminal
would be joined by direct connections:
the four main line subways which run
through the district would be linked
together and the shuttle transfer con-
gestion relieved.
New-York tribune., 1919-11-09
Merchants and Shippers Insurance Co.
TO Build in Marine Square District

The Merchants and Shippers Insur-
ance Company, now at 49 Wall Street
has purchased from the Markham Real
ty Company (Clare,ce W. Eckhardt
president) the building at ii and 1G
south William Street, on a plot 4l.1ox
48.3, at figure understood to be in the
neighborhood of 100000. Upon the
expiration of the present leases, in
May, 1920, the buyer intends to erect a
new four story building for its own
occupancy.
The property is in the heart of the
new marine insurance district. 1t i'm
mediately adjoins that upon which the
Kerr Steamship Company is now con-
structing a twelve story building, and
is just south of the old Delmonico
building. 1t was purchased about two
months ago by the Markham Realty
Company from Robert W. Goelet, hav-
ing been in the possession of the Goelet
family for about hundred years, and
is the first piece of property sold by
them.
William A. White Sons were the
brokers in both transactions.
New-York tribune., 1919-11-09
Welcome Back Men Who
Quit Realty to Win War
Wood, Dolson Forces Have Biz
Reunion for Twelve of Thir.
teen Who Went Awav

The thirteen men who went from the
office of Wood, Dolson Company when
the call to arms came we're rendered a
dinner last Monday by the company at
the Hotel Lafayette. All came back but
one, Alvah Kennedy, who was killed in
collision in the air over France.
The others who went into service for
Uncle Sam and have returned to do
service for the Wood, Dolson Company
are Frank r. Potter, Frederick M. Mac
Farland, Lyn Il. Murray, Peter McEvoy,
John Hockstadter. Vincent Brady, Will
lam Neely, Clinton ]. Evans. George
Noakes jr.. John F. McKeon, Royal
l.. Moore jr. and Charles J. Quinlan.
William Fl. Doson was toastmaster.
The address of welcome was by w. B..
Smith, and Frederick Wyckoff delivered
a timely and touching address with
Comrades" as his subject.
New-York tribune., 1919-11-09

size profits and larger ones have come
to Mr.. Eckardt from purchases made
in the old shipping district east of the
financial section and on the West Side
in the grocery zone.
Max Natanson was a lawyer, but real
estate has proved too profitable for
him to give much time to law. He is
now operating in loft buildings in the
older sections of the city. The north
east corner OF Fifth Avenue and Fif-
teenth Street is one of the commercial
structures which have brought him
profit. He is said to have refused
100000 for the ownership of the
twenty STORY Ashland Building at the
southwest corner of Fourth Avenue and
Twenty-fourth Street The apartment
house districts of the Heights, west OF
Central Park, and The Bronx have
fattened the fortune of the young law
yer in the last year.
Earned 100000 for Putting Name to
Paper
Harris and Maurice Mandelbaum and
Fisher and Irving Levine have figured
| in number of transactions. Needless
New-York tribune., 1919-11-09

buildings, which will be cleared away
at once in prepa aration for the big
building operation. From this point
the view over Battery Park and right
Gown to the Narrows is unobstructed.
1t is perhaps one of the most attractive
views to be had from any part Of New
York
While this improvement is under way
Mr.. Doherty intends to take further
steps to transfer a good big part Of
Wall Street to the buildings nearby
this site, which he either owns out
right or in which he has a large in
terest. The Doherty personal holdings
nclude the Chesebrough Building, the
Battery Park Building and the Mari
time Building, ten and eleven story
structures in a compact group Just
south of the Custom House. MIR. Do
hcrty also has an interest in the South
Ferry Building. 1t is part of his plan
to make these buildings available next
year for concerns now located in the
financial district, which will require
10000 square feet or more of space.
but this is merely incidental to the big
idea on which the new building opera.
tlon will be founded.
New-York tribune., 1919-11-09
Alwyn Court,
S1,O5O,00O House,
Has New Owner
Report Says Fine Structure
at 9TH Avenue and 57th
Street Has Been Sold
by the Bond h hoIders

Alwyn Court. at the southeast corner
OF Seventh Avenue and Fifty-eighth
Street, assessed at S1,o5O,o00, is re-
ported to have been sold Title is held
BY the Areon Company, Inc, William
Miller, director. which acquired the
property by auction in January, 1918,
for S93l,s61. This company represents
a syndicate OF bondholders which fore
closed second mortgage on the prop
erty.
Alwyn Court is twelve stories high
on plot 125x100. 1t was erected about
twelve years ago by syndicate head
ed by Alwyn Ball, jr.. and for time
held the record for high apartment
rentals 1t is laid out IN suites OF
twelve and fourteen rooms. the ninth
and tenth floors forming duplex apart
ments. Its tenantry includes many well
known persons.
New-York tribune., 1919-11-09

to say, each speculation has brought
them profit. The Guaranty Trust Com
pany added 500 900 to their earnings
by paying 100000 for the building a.
30 Pine Street, which the operators
bought the previous week from the
Keane Cortlandt Realty Corporation
No one could reasonably complain Of
100000 payment for placing their
name on document for a week or ten
days.
Twenty-six Profits Since May
Norman s. Riesenfeld is tha owner
Of 1872 Broadway. He bought 1t be
cause it controls the development OF
the Liberty Street half Of the Broad
way frontage of the block and the
Liberty Street frontage over to the I'M
provement being made by Joseph P
Day. Mr.. Riesenfeld has been offered
profit but he says that it is not
enough, having grasped the Importance
of the holding. and the fact that he
controls one Of the few properties on
Broadway south of Fulton Street avail
able for Improvement
Mr.. Riesenfeld is a lawyer bv pro-
fession. He occasionally bought realty.
but not until last May did he enter
the market with the intention of re-
manning in it. Since May Mr. Riesen.
field has purchased twenty-six proper
ties. or rather has taken under CON
tract that many properties, but has
never taken title TO any of them for
the reason that he was always able to
md another who would pay MIN his
price for his contract.
Mr. Rlesenfeld has not much time
for law these days, as brokers have
come to regard him as an active oper-
ator, and are bringing him promising
proposals. Mr.. Riesenfeld saws that
real estate pays better than law.
New-York tribune., 1919-11-09
Spectators Get Courtwood
Apartments, ON Heights

Charles Wynne and Louis II. Low
have purchased from Wilbert Garri-
son, through Shaw e. Ebbtt, the
Courtwood, the six-story elevator
apartment house at the southwest
corner of Broadway and 169th Street.
1t has frontage of 80 feet on Broad
way and $50 feet on the street The
same brokers sold last Monday the
northeast corner Of Broadway and
161st Street, the apartment known as
the Alexander Hamilton, to Philip
MeyrOWitz.
New-York tribune., 1919-11-09
Builders Take Staten Island
Sites for Home Projects

Cornelius G. Kolff has sold to the
Competent Home Building Company, of
West New Brighton, ten lots on Lud
wig Street, West New Brighton, which
it will improve with five cottages.
The Cuozzo & Gagliano Company has
sold for Michael Sofarelli, builder,
the two-story dwelling on plot 4Ox10O
at 15 Columbus Avenue, Fingerboard
Terrace, Staten Island.
New-York tribune., 1919-11-09
Fifth Avenue Realty Bought
In August Is Sold Agai

The 255 Fifth Avenue Corporation,
which is A. II. Levy, Walter T. Kohn
and T. Friedenberg, has rcsold at a
profit the two tive-story buildings,
covering plot 49.2x1o0, at 255 and
257 Fifth Avenue, just north of Twen-
ty-eighth Street. to the Jash-Lap
Realty Corporation. The new owners
will convert the premises into a six
story modern building. julius Scott
negotiated the transaction. The sell
lcrs purchased the property last
August from Musher Brothers, i'm
porters of olive oils, through the same
brokers.
New-York tribune., 1919-11-09
Spanish Steamship Agents
Buy Location Downtown

j. n. Kalley & Son have sold 40
Stone Street and 73 Pearl Street at the
corner of Coenties Alley, modern
six-story fireproof structure fronting
1877 on Stone Street and 25 feet on
Pearl Street, with a depth of 107
feet. The purchasers, Manuel Cara
gol & Son, Inc, agents for the Com
pania Transatlantca de Barcelona
(Royal Spanish Mail Line), will occupy
the building. Cammann, Voorhees, e.
Floyd represented the seller.
New-York tribune., 1919-11-09
20 Homes for Mount Vernon

The American Home Builders. Of
New York, announce the purchase Of
sixty lots at Oakley Manor, Mount YER
non, where they have started erection
OF twenty one-family houses at costs
ranging from $4,000 to $4,000. These
builders have erected over 1875 homes
during the last year in New JERSEY at
Leonia, Nutley, Ridgefeld Park, Pas.
sale and Hackensack.
New-York tribune., 1919-11-09
lO2 Queens Homes
Sold Every Day

During each day in October, in
cluding Sundays, l02 homes were
sold in Queens Borough, according
to the monthly report of Queens
County Clerk Edward w. Cox. This
report shows that. during October,
3,162 deeds were recorded in his
office. 1t was the heaviest month
in the history of the office. Alto
gether 11,779 instruments were filed.
New-York tribune., 1919-11-09
Buying Land at ScarsdaIe

The Scarsdale Estates. Robert T. Far
ley president, have sold large plot
on Greenacres Avenue, in tho Green
acres section of Scarsdale. to Mar
guerite D. Stephins of Scarsdale. They
have also sold to Wheeler B. Gambec.
OF White Plains, lot on Walworth
Avenue. Greenacres. Scarsdala.
New-York tribune., 1919-11-09
Van Cortlandt Terrace Sale

Thomas S. Burke has sold for Will
lam Bianchi 240 Valentine Lane, Van
Cortlandt Terrace, to Miss Clara Yale
Morse. of Chicago. Miss Morse man
aged Wallace Lodge at Park Hill last
summer.
New-York tribune., 1919-11-09
Trader Buys in Fulton Street

Irving Judis has bought from the
Fairfield Realty Company the nine
story loft, on plot 59xS0, at 50 to GO
Fulton Street. Edward Crosby & Co.
and S. Osgood Pell & Co. were the
brokers.
New-York tribune., 1919-11-09

him profit because Of their confidence
in his judgment of realty worth.
One parcel brought him $685. 900 profit
1t is not unlikely that many similar
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-04

rigadier-general in the regular
army and was appointed military
governor of Cuba. He did admirable
work there, and later in the Philip
pines.
"For several years before the war
he was the senior officer of the army,
and from 1910 to 1914 he served as
chief of staff. His is record to be
proud Of, even if-unfairly, as many
people think--he was passed over in
the selection of officers for active
service in the great war"
THE Philadelphia North Amer
lean" attempts to sum up the
Wood boom as follows:
"No political tactician or student
ever seriously considered Leonard
Wood as an available 1920 candidate
during the last two years OF Colonel
Roosevelt's life. He was too close to
the great leader and the Roosevelt
prestige was too powerful for him
to be suggested as q rival or sue
cessor. But the columns of news
papers in various parts Of the coun-
try show that to-day the Wood sem
timent is a genuine and spreading
force. Although unorganized and
undirected, it manifests itself in
every stratum of national thought"
On the other hand, THE Daily
Oklahoman" believes that since
he "preaches military prepared
ness as if it were the paramount
policy, and is manifestly seeking
to make himself the champion of
that policy that "if he
makes the race on platform of