New-York tribune., 1919-02-26
$l,lOO,0O0 Park Ay.
Apartment Bought
BY Investor
Attracted by Investment
Prospects, Takes Tall
Structure at 9th Street;
Will Increase the Rentals

The twelyestory apartment house at
the northeast corner of Park Avenue
and Elghty-seventh Street has reen
sold. Mark Rafalsky & Co. sold ii
yesterday for John II. Randolph,
through the Bankers Trust Company
1t was held in the market at $1,10O0O0
W hat the new owner paid the brokers
did not say. The buyer is an investor
who has been attracted by the income
value of property in New York, and es-
pecially in the Park Avenue apartment
house section. The house, which con-
talns thlrty-five duplex apartments vary
ing in size from nine to fourteen
rooms, with baths, rents for SIPS, 900
1t is understood that the rentals are
to be increased in October.
The house is about eight years old
It was built by William j. Taylor in
1911, and is regarded one of the fine
structures in the central East Side
apartment house district 1t covers a
site 100 feet on Park Avenue and 139 g
feet on the street. The apartment re-
placed six flats and dwellings, The
flats will be remembered as the Vino
ma. They were the pioneers of apart
ment house construction in Park Ave
nue., which in those days was filled
with the odor of steam and soft coal
smoke coming out of the railroad cut
The sale is the first in Park Avenue
in some time. 1t may be accepted as
the beginning of big buying move
ment there. The brokers' through that
section intimate that big things are
happening.
"Nillage" Corner in Deal
Jennie l. Rand has sold the six-story
tenement, with stores On plot AZ. .6X70 3
at 1872 and 1884 Bleecker Street, south
west corner of Perry Street, to Joseph
Rovegno and Joseph c. Biolotti.
Estate Parts With Old Realty
The Central Union Trust Company
as trustee, has sold 90 and 100 James
Street, six-story tenement, on plot
4Ox75, adjoining the northwest corner
OF Cherry Street, to Joseph RovegnC
and Joseph C. Biolotti.
Washington Ave. Flat Buyers
Calm & Pittman and Philip Watten.
berg have bought from Edward Ro-
bitchek through Samuel Cowen the six
story apartment at the southeast cor
ner of Washington Avenue and 165tF
Street, on plot 49xS5, and the adioin-
ing similar building, 47X85, at 1913 tc
1920 Washington Avenue Each house
is arranged for twenty two families
anu NOiAIcllio tiiICc OtOItS, VIC COIuti
being held at $4,000 and the inside
house at $4,000.
Kingsbrdge Apartment Sale
Charles Siegel Levy has sold The
Howard, fvestory apartment house
at the northeast corner of 23Sth Street
and Review Place, in the Kingsbridge
section. which he erected a few years
ago on land acquired from the Van
Cortlandt family. The house stands
on plot 100X100. The new owner is s
corporation headed by John J. Tully
A. d. Phelps e Damiane were the
brokers in the deal.
Buys and Resells Store Corner
Calm & Pittman purchased from the
Thira Realty Company the southwest
corner of 195th Street and Webster
Avenue, one-story building with
seven stores on plot 50x1O0, and i'm
mediately resold the property to the
Benenson Realty Company. A. D
Phelps & Demaine negotiated botl
sales. Samuel Bitterman represented
Calm G. Pittman The property is
rented for $4,000.
Sale in Valentine Ave.
Henry Dahnke G. Eros. have sold fol
Henry J. Finck to ]. Anderson 2091
Valentine Avenue, a two-family brick
house, on lot 25x100.