New-York tribune., 1919-03-07
Lead Way ON
Heights, Harlem
And The Bronx
Prices in Northern Sections
Attractive to Spectators
Who Buy Apartments;
Several Resales Reported

Trading in Manhattan yesterday was
less extensive than any day this week
1t would seem as if the local market
had stopped for breath, as the buying
here has been large, affecting every
section and every class of realty. The
reports from brokers showed the
Heights the busiest section in the Man
haitian field. The business reported
yesterday must not be accepted as in
dicating the end of sensational trading.
Information is at hand of several large
transactions, details of which will be
reported during the next few days One
is large apartment house which is be-
Ing bought by an operator for price
said to be more than $1,00O,OOO
Despite the great volume of business
reported recently, it is difficult to find
point where investors have taken
hold. In the downtown section there is
much buying for use by business con-
Germs, but elsewhere the trading is al
most wholly professional. In fact, New
York is witnessing the greatest opera
tor activity in its history, and as pro-
fessional outbreaks always are followed
by periods of extensive investment, re-
sales may be expected of many Of the
properties operators are now buying
when investors at last realize how
cheap real estate Is.
Buys Houses at North End Of Park
The Morgenstern Brothers Syndicate
has bought from the Roseff Realty
Company to 25 Cathedral Parkway
three five story buildings, housing one
I'm IroI Gov, TG0
posite Central Park West, adjoin the
Women's Hebrew Association building,
and were held at 100000. They were
erected a few years ago on land pur-
chased from the Pinckney estate. The
gross yearly rental is reported at $780,
600.
Sale and Resale in Ninety-fifth Street?
The Newington, seven story eleva-
tor apartment house at $50 West
Ninety fifth Street, has just been sold
cupes a plot 100x1O0 between West
End Avenue and Riverside Drive.
Goodwin & Goodwin held the property
under lease for several years.
One report had it that the lessees
purchased the property from the estate
and have turned their contract over to
operators at substantial profit.
Operators Sell Two Flats
Ennis & Sinnott have resold 511
West 184th Street and 152 West 1O5th
Street, two five story apartments, the
latter on a lot 25x100 and the former
on plot 50x1O0. Charles II. J. Delg
IS the buyer Of both houses.
Louis F. Braun has sold to an opera
;or the FIVE story double apartment at
80 St Nocholas Avenue, on lot 32.9x
l05.4x irregular.
Estate Realty in Deal
4. N. Adler has sold for the estate Of
+. kohn the five story tenement, on a
lot 25x102, at 315 East Seventy fourth
Street, between First and Second ave-
nues, to an investor.
Mortgage Company Buys on Heights
The Sanford Mortgage Company, NJ.
5. Ames, president, is the purchaser of
the six story apartment house at 2 to
10 Pinehurst Avenue, the sale of which
by the New York Life Insurance Com
pany was reported this week.
Buyer of Eightieth Street Dwelling
Albert B. Ashforth, Inc, negotiated
the sale of the dwelling at 5 East
Eightleth Street for the estate Of Caro-
line Boehm. The Bremner Realty Com
pany will rebuild the house for Louis
Houmiller, the purchaser. The selling
price Is said to have been $4,000.