New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-04
Buying and Selling in Grow
inc Volume Tell the Story
of Big Business Revival
CoodGonnmercialDemand
Mercer and Lafayette Street
Properties Change Owners
City Homes Find Buyers

though indicating lively interest liz
real estate, is no criterion of the mag
nitude Of the market at this time.
There is every reason for the belief
that big business is at hand Deals of
the greatest Importance are approach
ing state where publicity will not
affect contamination, and so many little
transactions are in the making that
the market is Just beginning to boil
There is deal now we'll past the
elementary state which means the
erection of large building represent
ing an outlay of millions of dollars
There are other deals almost closing
which will affect properties which
have place in the publ cintcrest Of
deals actually consummated, the most
interesting was the resale of the loft
building at the southwest corner Of
Washington Place and Mercer Street,
which on Thursday, was sold by Isaac
II. Clother to John Herbert. who
apparently was intent on holding the
loft building for investment But Will
klnson Bros. & Co, manufacturers of
paper. located Oh Brocme Street.
wanted the building and were willing
to pay we'll for ii, so Mr.. Herbert sold
his contract on the property. The Vii
kinson Company wants it as an invest
ment, meaning, no doubt, that in due
time the firm will need the structure
for its business
1t will be noted that many business
concerns are buying commercial real
tho
space and because OF the scarcity of it
b. seriously hampered and financially
affected. These deals indicate the long
look ahead taken by business men.
The building sold yesterday is eight
stories. 42.9X96.3 feet in size. Daniel
Birdsall G Co.. who negotiated the
first sale. arranged the resale with
Lewis 5. Marx
Sale on Lafayette Street
\ transaction which comes under the
same category was announced by Fred
erick Fox Co. The Fox Company
has sold, or rather resold. the four
story building at POS Lafayette Street,
opposite Kenmare Street to the man
next door, wood carver. The Little
Streets Company bought the property 4
couple of months ago through the same
brokers. The building is on q site
R1.3x100
Cusack Company Buys Its Shop
The Thomas Cusack Company, adver-
Using concern which came here from
Chicago and took building facing the
Worth monument at the north end of
Madison Square, has purchased the plot
and shop, 100x200, on the north side
of Twenty-third Street, 100 feet west
OF Avenue A and extending through
the block to Twenty-fourth Street
About year ago the Cusack Company
took the property on lease from the
Cameron estate, through Slawson &
Hobbs. for use as a workshop The
opportunity to buy the property was
offered to the company and it jumped
a. closing the deal yesterday through
Slawson e. Hobbs.
Call for City Homes
Residential property east and west
OF Central Park figured in the DAYS
trading. On the east side. William B
May & Co. sold the live-story Ameri-
can basement dwelling at CT East
E'ghty-second Street on lot 20x1O2 .
near Park Avenue, for Leo f. Frank, to
the Wall Real Estate Corporation. II
is one of row built some years ago.
The brokers announce that the new
owner viii occupy after extensive al
terations have been made
ON the west side the former home of
Isaac Guggenhelm, at 81 West Eighty
xi%th. Street, was sold by Frederick
FOX d Co. 1t IS i five-storv American
basement dwelling, 20x100 in size. lust
east Of Columbus Avenue. The buver
plans to change the character Of the
Rouse, making it an apartment Of the
stuclo type, which has come TO the
front On the West Side as in no other
section OF the city. because Of the
growing needs for dwelling space
Buyers for Bronx Slats
The demand in The Bronx wa for
tenement property. Three Bronx
apartment houses adjacent 20 The new
subway along Southern Boulevard
changed hands in an exchange transac-
i'cn which, according to report. also
involves large estate situated alone
the hudson River. The Bronx pron-
cry comprises the three fve-story
apartments at 1915, 1918 and 1929
/ Longwood Avenue, each standing on q
Piol a2xllO and valued at $50 900
me houses we're sold by the Marsilon
heaity corporation, in which Flv
haran. Bernard London and z Simon
arc Interested. The buildings show
al annual return OF $4,000.
ne structures arc three of p row Of
aFe Al TINS point, which the sellers ac
qulrcd thirteen months 400 from fhc