The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-02-12
SELLS LOFTS WORTH
HALF A MILLION
Subsidiary Of Adams Express
Disposes Of Properties
Down Town.
ONE ON SOUTH WILLIAM
Also Parts With Building on
Broadway: ArOns0n
Buys Both.

Through the Charles f. Moves Com
pany the Adams Building and Land
Company. a subsidiary Of the Adams
Express Company. has disposed OF two
OF its valuable loft properties down
town. To Harry Aronson II sold the
eight story freproof Curtis Building al
80 to 81 South William street. which
cost s275.oo0. and brings In hand
some profit In rentals. The plot ex-
tends through to 81 and SO Stone street
and Is 52xso.
Near by the Curtis Building are the
Mexican Telegraph building, just COM
pleted, and the homes of the Bush Ter
minal. the Maritime Exchange. the
American Bank Note Company and the
Consolidated. Stock Exchange. Recent
transactions on the same block in
cluded the sale Of the Seligman Building
10 Wilcox. Peck & Hughes; the sale
Of II South William street to the Trans
marine Insurance Company, and the
purchase OF the old Delmonico Build
ing by a group OF marine insurance men.
To Mr.. Aronson the Adams Build
ing and Land Company has also sold
the modern twelve story building at
te1 and 493 Broadway. with an L
extending through TO 44s Broome street,
covering plot OF 1000 square feet.
No exchange was involved. The prop
srty was valued at about $4,000. Mr.
Aronson has placed the property in
Tie charge of the Noyes company Cor
management. Lurie & Feinberg Isp-
resented Mr.. Aronson IN both deals,
and J. NJ. fairfield OF White & Case
was attorney for the sellers.
FORTS REALTY COMPANY BUYS
The Somerset and the Cedarcliffe. two
Six story apartment houses. located
ssventy-ive feet north of 1890 street, on
plots running through from st. Nicholas
place to Edgecombe avenue, have been
sold by Moore, schultz & Co. TO Bing
+ Bing for the Forts Realty Company
Charles s. Lyons president and S.
Schimmel treasurer). holding company
OF the estate of Joseph Hammershlag
and Moritz Talkensu. Each house ac-
commodities forty-two families and is
arranged in three, four and five apart
,nents. They are fully rented and were
,,eld at s350.o0o. The transaction was
for all cash. NJ. G. & I. s. Isaacs repre-
scented the buyers as attorneys and
Elkus, Vogel. Gleason & Proskauer acted
for the estate.
Another transaction was closed yester-
day in the export and maritime district.
which has been the scene of unusual
activity lately. The five story loft build
ing at 13s Pearl street. extending
through to 104 Water street. and II
similar structure at IA Pearl street
were sold to the Broadway-John Street
Realty Company. Elias a. Cohen presl-
dent, which recently purchased the Mon
tauk Building, covering the block front
on William street from Maiden lane to
Liberty street.
The seller of the properties was Yale
University. TO which they were left re-
Gently by the late Frederick Mead. who
bought them in 1872. paying $4,000 for
1888 Pearl street and s3s.500 for 144
Pearl street Frederick Thatcher, a,
trustee of the Frederick Mead estate,
acted for Yale University in the deal.
William B. May C Co. were the brokers.
The property Is at the junction OF
Wall. Beaver. Hanover and Pearl streets.
The plot az 1873 Pearl street is 1a6xl02
in size. while the plot at IA is 19.6x
SIS. The buildings flank on either side
the century old establishment Of Carter.
Macy Co, shippers and bankers. The
Broadway-John Street Realty Company
will modernize the buildings at the ex-
piration OF the present leases. India
House and the new building put UP by
William r. Grace & Co. are within a half
block Of the property.
FIVE REsALEs BY BROWN.
Five resales. totalling about s35o,ooo
we're closed yesterday by Frederick
Brown. who has purchased and sold ap-
proximately 100000 worth OF realty
IN the metropolitan district since Jan
uary l. Through NJ. !. Strunsky he sold
to b. Rogatz 6i3 West 1920 street, be-
tween Broadway and Washington ave-
rue. five story thirty family apart
mont; on plot 75xs7,3. renting for Sis. 900
and held at $4,000.
To n client OF Williamson &. Bryan
Mr.. Brown sold the Ave story apartment,
6oxs5. held for 800 900, at the southeast
corner Of Morris avenue and fifth street,
near the Grand Concourse, in cash
transa ction.
Mr.. Brown sold to a client Of william
n. Mehlich. 265 East 10th street. a Ave
story apartment, 50x92.6. housing twenty
families and held for s65 900.
To Benjamin Katz Mr.. Brown resold the
three two story buildings, 49x124, at the
southeast corner OF Bryant avenue and
f7sth street, held for 5000. this being
one OF three parcels recently taken in
have been resold.
The last deal Of Mr. Brown was the
sale to Leo Schumer through Joseph Will
son OF a $4,000 property in Brooklyns
automobile section. being 1246-4s Bed
ford avenue, southwest corner OF Pros
pect place.