davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-05
ARGUES WELL FOR MIDTOWN,
brokers Close Year with Great
Burst Of Renting.

Inc renting de partmont of Goodaie.
Perry Dwight finished out the old
year with burst Of business tina, ar
cues much activity in the general vi
entity of Twenty-third street during the
current year. The leases reported in
ciuae stores, lofts and buildings in
flfth and Sixth avenues and through
the Twenties. The firm reports hay-
ing leased the store on the Twenty-sey-
enth street side OF Victoria Building at
f1tth avenue and Twenty seventh street
10 the Coppins Transfer Company for
long term OF years: store at 254
skin avenue TO August Kazmark
LOFTS at % East Twenty-tirst street 10
David kamil and u. Wiskoph space AZ
SO East Twentythird street to Marvin
shaw space at AZ East Twentv-third
street TO Kramer Bros, William
S,oan' II. woodward, Henry Sobel,
lhomas Street and Charles Palmer :
lofts at Al West Twenty fourth street
TO Jacob Tikalsky, John Silvia. Louis
Schinman, Morris fternwert, Henry
Schastz, Isaac Schwartz, Samuel W.is-
enfeLdt, Abraham Virshbovitz. Max Bed
nowitz, David Males and Samuel Sill
Verman; loft at lIS-24 West Twenty
second street 70 the Home Slipper Com
pany: lofts at 40 to 81 West Twenty-
1ourth street to Louis Harowitz and
LOUIS Dorhfetz; lofts at 400 Sixth ave-
nue. TO Joseph Sobe, Isidore Schinke.
samuel Wornstein, Bernard Schrub and
Abraham Nerzig; lofts at 4OS Sixth
avenue to b. Rosenfeld & Sons and
w =. Schulman; space at ia East
Twenty-eighth street TO Morris Elliot
Miller Rochmus, the Royal Infants
wear Company, Inter City Lamp Com
pany. oscar Heyman. Louis Dues. Fred
Bowsky, j. Hohler, Henry Cremer and
Morris Frank; lofts at 466 Sixth avenue
to Henry and Jacob Elsenberg, Silver
Scharaga. Morris Dachman and Zeleznv
q Montagna lofts at ia and 1876
west Thirty-second street to Max Gold
stein, Isldore Spero. NJ. Goldsmith and
Charles SchatS: three floors at 4s2 Sixth
avenue TO Parulies Veloudas: the build
Ing at 247 West Twenty second street to
J. Morrison space at 212 Fifth avenue
to the Victory Merchandise Company
+, S. Farmer & Co, and Henry Euler :
the Forty-second street side of fourth
floor OF the Rogers Peet Building to the
United States Employment Service for
a professional employment office the top
floor at 3a-41 East Twelfth street 10
Hoffman & Ellrodt space at 34l-7 Fifth
avenue q Alice Kavanaeh, and the
store endorsement OF 675 Ninth avenue
to PotteS- i Levy
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-05
ATTACK FEDERAL TAX LIEN.
Propose Law 10 Make u. q. Party
Defendant.

That the Federal lien for taxes against
"all property and rights OF property"
attaches to real estate. regardless OF
whether the person taxed has or has
not equity therein. and works distinct
and unintended hardships to lender s
and purchasers. was the subject Of a
recent report TO the Advisory Council Of
Real Estate Interests by John NJ Stod-
dard, Vice chairman OF tho councils
committee on law and legislation
A bill has been drawn to authorize
and direct how the United States OF
America may be made "A party defendant
in the same manner as a private per-
son in any action for the foreclosure
OF mortgage or other lien on real
property. or for partition OF real prop
erty or in any action in any other man.
ner affecting the title to real property
where the United states OF America
have, claim to have or may have a Aen
on such real property"
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-05

who wants 10000 men. The Pennsyl-
wanna Railroad wants $500. The local
utilities need thousands. so shorthanded
are their services
The fact that market conditions have
changed Is evidenced in the large num-
Der or real estate sales effected since
the signing of the armistice and the end
ing of hostllities. Some OF the old time
spectacular real estate operators and
builders have returned to the market
and participated in number Of very
large deals. Some weeks go there was
reported a deal in which Franklin Petit
was the purchaser. involving the ex-
change OF tract of vacant lots in the
thomson Hill section OF Long Island
CITY, on the Queens Boulevard. and two
large apartment houses The value Of
the properties involved was reported to
be around s1.250.000.
Another party of Mr.. Pettit's type,
who also expressed his willingness to
return to the market, was Robert f.
Bowling. who purchased and shortly
thereafter resold TO the New York Stock
Exchange the building at 8 and IL Wall
street. Among other deals running into
millions might be mentioned the sale Of
the building located at SO Wall street
to the National City Company, which Is
affiliated with the National City Bank,
and the sale Of the Leonora apartment
house. located at the southeast corner Of
Sixty-third street and Mad son avenue.
Pages might be filled with theories
for an upward movement in real estate
However. l have always underworld
throughout my career to base my opinion
on cold. hard facts as they exist. With
out fear OF being accused as a dreamer
or theorist. would say that a sub
stantlal improvement in the real estate
market should occur at n not very dis
tant date These are some OF the COM
monty known existing facts which
should cause this Improvement. Net
incomes from improved properties have
never been better and vacancies fewer
and while investors have had patriotic
calls for their surplus funds. this will
cease shortly, and then the magnificent
return Of g!lt-edge securities offered In
real estate will undoubtedly appeal to
them.
There IL a substantial demand now
existing for residential and commercial
space, which causes a strong, steady
buying power from tenants from the
premises which they occupy and resi-
dents and business concerns doomed to
make their quarters permanent. I wish
to add to my opinion, however. that be-
fore the market Improvement actually
comes to pass ample mortgage funds
must come into the real estate market
This will probably not occur until the
immediate financing of the war Is
finished. which means the Liberty Loan
issues out of the way. Financial ex-
perts Of the country tell US that this
will probably happen by the end OF next
spring.
In conclusion I beseech. particularly
the real estate men of this city. to emu
late the example given by Judge Gary
and Frank Fanderlip in putting aside
theoretical pessimistic business outlook
and put their shoulder to the wheel and
give the real estate market the great
push upward which existing conditions
deserve.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-05
OTHER SALES IN MANHATTAN.

EAST GSTH STREET-Albert Il. Ash
forth a Co, Inc. have resold for the
Odds Holding Corporation - East
Stxty-eigNth street, "A four story brown
stone building on lot 20X 00.5, between
Madison and Park avenues, t. a buyer
who will extensively rebuild the prem
Uses for HIS own occupancy The same
brokers recently disposed Of 40 90 in
tho same block TO Darwin J, kingsley
EAST 23D Thomas Cusack
Company purchased from the Cameron
estate the plot lU0X200 on the north
side of Twenty third stree. 100 feet
west Of Avenue 4, extending throue n
70 Twenty-fourth street Slawsou ~
Hobbs were the brokers The buyers
will occupy the premises as tenants.
DIVISION STREET Fukelste!n
sold TO Samuel Rahinowitz for invest
ment 2l5 Division street. a four story
loft building, 25X5i.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-05
OTHER SALES IN THE BRONX.

EAST FIFTH STREET - Cammann.
voorhees, 4 Floyd. with Richard Dick
son, have sold the five story apart
ment at l04 Fast l77th street to the
Odds Holding Company
CROTONA ANENl'E--Cahn q Pitiman
sold to a. l.. Guidone the vacant plot,
75xl0O, west side Of Crotona avenue,
425 feet north OF 1891 street, through
Phelps & DemanCe
lONGWOOD TE-Marsilon Cor
poration sold to Samuel Gruhsteiu
1918 to 1923 Lonwood avenue. three
Ave story tenements. each 4lXll0.
Property in Elizabeth, y. j., was taken
in part payment VI. l. Strunsky nego-
tiated the exchange.
RIVER AVENt E--The Mercedes Build
ing Company John +. Boyland pres
idenD. has sold the I'VE story new law
apartment house at 22+7 Rycr avenue.
on plot 50Xs0, Morris Sax was tho
broker,
sHERM AvENUE-samuel Cowen
sold tNkingdale Holding Corporation,
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-05
PLAN CAMPAIGN
TO BOOST NEWARK
Realty and Other Interests
Combine to Capitalize War
Time Benefits.

! The development OF Newark has been
nothing short of wonderful. Abundance
OF comparatively cheap factory sites, en-
ceptional railroad facilities. being served
by several OF the great railroads OF the
country and its strategical position as
! regards tho port and the city OF New
| York have attracted many concerns. the
United States Government. ship building
| interests and others 10 locate there. The
development OF Newark since America s
entrance into the war has been suostan-
! tial and will be the nucleus for even
greater expansion. although Newark has
spread out in every direction as few
other cities of tho East have in the last
two years
The business t. t.rests OF the city plan
to capitalize 5 war time development,
and an orga .ization OF all interests. in
Guiding bankers. insurance companies.
builders, land developers, taxpayers ana
others has been formed. Every enort
will be made by the interests OF the city
TO make Newark larger and buster
city, and the plan Is for the boosting
made through the Real Estate Associa-
ton OF Newark. which was formed a few
weeks ago with the idea of starting the
promoting or expansion programme with
the incoming yea.
c. F. kraemer. president of the as-
sociation. says:
with the Approach of the new order
OF things when readjustment and a gen
eral realignment is taking place through
out the business of the country. when
new avenues are being opened up TO all
enterprising cities, wher the commerce
of the world In becoming n factor Of such
vital Importance, it Dchoovee VIZ as
seaport city TO take heed and become
alert to all these opportunities
no profession is more vitality interested
in such a vast programme that will
revolutionize the old existing conditions
than the real estate profession, An era
of prosperity for US Is approa ching with
the adjustment OF the worlds AFFAIRS
and the equalizing of the existing All
normal war conditions Business will
take on an impetus along normal lines
Capital will again seek Investment
There are many reasons to believe
that building era will OF necessity
open up in spring The law Of supply
and demand demands II. with prices
of labor and material adjusted there Is
no further obstacle to interfere with
this programme. So when all factors
are reviewed real estate men are justi-
fed In preparing by organized effort to
assist not only In meeting this approch-
Ing business revival for their own bene-
At but to cooperate with the taxpayers
generally to prepare for a greater and
better city 20 live In and to lay the
founda tion for the reception OF the
usn wi ha
knocking at our doors.
That the organization is building for
permanent and successful future is
noticeable by the activity of its nro-
moters and the success which is attend
ing its membership committees appeals.
II bespeaks a large and enthusiastic
msmberShiDS'
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-05
TAX BILL ASTOUNDS HIRSCH.
Measure Limiting Tax on Realty
Unexpected. He Says.

Nathan IIlrsch chairman OF the
Mayors Committee on Taxation. was
surprised yesterday to learn that a bill
limiting the tax rate on real estate had
been introduced in the Legislature late
Wednesday night
Il understand" he said, that the
measure was introduced at the sugges-
ton of the Real Estate Board. OF New
York. AT the present time the Mayors
Committee on Taxation Is holding con-
ferences with the leading real estate
organizations of New York city and Is
working upon the preparation Of
scientifically drawn bill which Is ex-
pc"ted to be ready for submit ssion to the
Legislature within q very short time We
feel that this bill will have the united
support Of all realty interests. as we'll
as the state and city administrations"
The bills prepared by the Real Estate
Board of New York were introduced byr
Assembyman Seesseberg and are in
troductory numbers ten and eleven.
one provides that the tax rate in the
eity of New York shall not exceed per
cent. on real property and one-quarter Of
| per cent on personal property, while
the other amends the State law by pro-
NidinR that where the tax on personal
property is one-quarter Of per cent. per
anrum there shall be no exemption for
debt. Another bill aims to reach per-
sonalty by taxing whore located and not
where the owner resides.
'T""sn bills" says statement by the
Real Estate Board would pgo-
duce s2l7,j00,000 annually, which with
$IO.OOO.0OO surplus revenue of the gem
eral fund would yield total Of s2s7,-
100000, or far more than enough for
the needs Of the city government eco
nomicallv administered"
4 hearing will be asked on the bills
as soon as the committees are ap-
pointed.
Senator James A. Foley will intro
duce next Wednesday the Real Estate
Boards bill giving the Board of Esti-
mate power to abolish or combine OK
listing city departments doing unneces-
sary or duplicate work. Another bill
- being prepared giving the Board OF
Estimate control over the salaries of
all county officials except elected ones.
These two measures. II enacted into
law. il is said. can be used TO cut the
budget 100000. 900.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-05
~ EUGENE n. RosENaUEsT.

President tho Br0nT Board OF ITude.
The Bronx Ia but awaiting the spur Of
prospective early transit improvements
to be the scene Of the greatest building
boom that the city Of New York has ever
known.
According to tho opinions expressed
by prominent realty operators there
never was time In the history OF the
city's fastest growing borough 30 propi-
tious to building-never 80 great de-
mand for living accommodations here as
exists to-day-and now that the restric-
tons on building are rapidly being re-
moved which will be followed. undoubt-
eddy by a more nearly normal aupply
and money market, nothing else Is
needed to spur building activity beyond
the betterment of transit conditions. es-
pecially in the West Bronx and Southern
Boulevard-Hunts Point sections. where
this building activity will be most
marked.
So far as the West Bronx is concerned,
operation OF the West Side a." trains,
Sixth and Ninth avenues. will help during
the morning and evening rush hours"
This will do away with the shuttle train
entirely during these hours and make
for an immediate betterment of tho rapid
transit service along the whole Jerome
avenue subway extension, which taps
the West Bronx section.
An additional improvement will come
later in the year when the Lexington
avenue subway trains will be operated
further north on Jerome avenue than
1S7th street, which is its present termi-
nal.
Only when the subway trains and
West Side IL" trains Jointly run TO
woodiawn road will the West BrorX
get ideal service. However. the imme-
a &oYs, hatt av,t ~
vice is acceptable TO all concerned. and
already builders are preparing to start
activities in the West Bronx during the
spring of 1919.
Commencing midnight January 7 the
trains OF the Lexington avenue subway
route will be operated across 13Sth
street and north on the Southern Boule-
ward 10 Hunts Point. thus giving to
that fast developing section transit
for which 1t has waited long and pa
tiertly.
At the present time the Hunts Point
section has but one rapid transit artery
to the lower city. the Westchester ave-
nue. extension OF the old subway. The
trains are often full before leaving that
northern erd Of the line. 30 that after
passing through the West Farms. 174th
street and Freeman street stations there
ls little II any room left into which
Hunts Point residents can squeeze. max
ing their trips to the downtown business
areas a most uncomfortable one
When the Hunts Point station opens
there Is no doubt but that the trans
ferees from the New York. WestcheSter
and Boston Railway, and the New York.
New Haven and Hartford Railrod will
find It TO their advantage to change at
the new subway terminus at Hunts
Point. Moreover. tho throngs that now
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-05
TO STUDY S4TH ST.
DISTRICT TRAFFIC
Trade Organization Employs
Expert to Report on Needs
for Section.

The Thirty-fo Street Board of
Trade has engaged an expert 10 study
suggestions contained in answers TO
questionnsires on tho Thtrty-fourth
street zone transportation situation
The list OF questions was sent to all
business men and owners OF property
in the district. The expert will make
a complete survey OF the section and
report on desirable improvements IN
existing surface or subway lines or on
projects for new construction for trac-
ton uses.
while the board was organized re-
Gently with the idea OF having a strong
working civic organization to look after
all of the varied interests of the sec
ton" said Vivian Green. Its president
yesterday. 1T soon became apparent that
the question foremost in the mnds of all
was the subway situation The crit!-
cism Of the present subway system has
been vigorous and general. even though
IL may not be deserved. Our transporta-
ton committee, determined to learn
whether this was true. prepared a ques-
tionnaire upon the general transporta-
ton situation, advising our members OF
plans or suggestions which were made
and asking for an expression of opin-
ion regarding them They were asked
also to advise our committee whether
the present subway system was salts
factory.
"A great number OF returns have been
received and they are unanimous In con-
demning the existing system. It APP
pears that New York has grown accus-
toned to the old route across Forty
second street and wants that service re-
stored. a large proportion of our re-
plies requests n service from upper Lex
ingtou avenue. across Forty second
street and down Seventh avenue
Whether this suggestion is feasible or not
from an operating standpoint. the man
in the street believes joint Interchange
of trains on each arm OF the H system
Is what he wants,
THE problems presented are highly
technical and involved and we realize
that II Is a question for experts Our
directors ordered that such an expert
should he procured and our instructions
are that he shall make n survey of the
situation and recommend a plan or plans
which will be valuable from the point
Of view OF the city at large. In other
words we want no plan suggested which
will be helpful to Thrty-fourth street
only-it must be for the good OF the
entire city
THE gentleman whom we expect to
engage is recognized leader in his par
ticular field and his services are In con-
slant demand by many municipalities In
solving their transportation problems.
When his report IL made public we be-
lieve 1t will be found Of great value to
all New York. He will represent in no
sense any special interesta."
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-05
By JOSEPH II. DAY,

CHANGING back over the New York
real estate auction market of the year
Of 1918 a picture Is presented to my
mind OF sleeping giant The eight
p!llion dollars OF real estate OF the
greatest city In the world was allowed
10 sleep. In other words. the market re-
NAMED quiet and was confined to a
small steady volume Of trading until the
signing OF the armistice and the ending
Of hostiiities.
OF course It could not be said that the
inactivity Of the auction market was
caused by the efforts of the real estate
auctloneers to sidetrack an industry I'M
necessary to winning the war. How
ever. the real estate auctioneers were
often given the opportunity Of doing
their bit IN winning the war by using
their auctioneering ability at. Liberty
Loan and war benefit meetings. On
one occasion at Carnegie Lyceum I was
successful in selling about twenty-four
million dollars of Liberty bonds.
The inactivity was mainly due to the
fact that real estate is distinctly a
peace time Industry and any possible
chances OF activity were nullifed by the
many demoralizing war conditions. l
rould Ike to mention a few OF tho war
conditions which initiated to the
greatest extent against real estate. but
which have now ended or are about to
end. l want 70 mention them now. In order
10 pave the way for the opinion 1 am
going 20 express later on, that the real
estate stage Is set for a strong upward
movement, with only one or two actors
missing.
Simultaneous with the declaration Of
var commenced the conscripting OF
labor, materials. &C. and new building
70 essential to an active market started
70 lessen and continued to do so until
4 ceased entirely during the last year
With the Government ban against any
non-essential new building. The ban is
now removed.
The tiotation Of Liberty Bond issues
absorbed capital from every source
much Of which might have been in
Vested in real estate enterprises. There
vii, proba bly, be only one more, but at
the most two, issues, and that will be
the end of them.
In the dull market which prevailed
he volume of voluntary auction sales
was very small during the year. How
ever strong hearted owners who did
offer their holdings were favored with
successful sales on most occasions
Among these were ones involving prop
ert'eS located at Belle Harbor on the
Ro'Aaway coast, at Great Neck. L. l.,
ami Arlington. y. j., &c. While these
ssas were OF a small size they were
Wei attended by real estate buyers on
Cd q occasion. proving that there was
.Ars power for desirably located
90