The Sun and the New York herald., 1920-07-31
REAL ESTATE NEWS,
NOTES AND GOSSIP
N. Y. Telephone Co. Increases
Its Holdings Next to Exchange
on West seth Street.

Signing Of contracts in the sale Of the
old Grand Union site. at the southeast
corner OF Park avenue and Forty-seeond
street. to Harry Mandel for S2.s0O.OOO.
and the purchase by the New York Tele-
phone Company Of more property on
West Thlrty-slxth street yesterday gave
a touch OF altitude to a market that was
broad and strong enough but otherwise
rather fiat Residential properties con-
tinued to hold their lead over all other
forms OF trading In the days dealings,
but reports showed renewed demand
for business property OF the smaller type
that threatefed to elbow the dwelling
and multlfamily house deals out OF first
place.
The sale Of the Grand Union site Is
told I'm greater detail In another column
OF this issue. The telephone cotnpany's
purchase involves the four story build
" ing, 22x9s.9, at 226 West Thirty-sixth
street and the two three story build
ings, 20x9S each. at 230 and 232 West
Thirty-sixth street This deal enables
the company to enlarge its exchange at
3 that point, which Is a five story struc-
ture at Nos. 206 and 224. For several
years the company has been acquiring
adjoining properties in the block and Is
now In control OF all the land from Nos.
2O6 TO 240. comprising a frontage OF a
total Of 343.4 feet The seller in yes
terday's transaction was the Etagloc
Holding Company. which represents the
Colgate family.
In the Dwelling Market.
Joseph F. seltz sold 151 East sixtieth
street, a five story dwelling, 2Qx100. for
Ida Grossmayer.
Pepe & Bro. sold for E. D. Heflin the
dwelling at 81 West Ninth street
The four story residence, 20x1Q0S. at
Al West Eighty-eighth street has been
sold by Caroline A. Buhler 10 Charlotte
NJ. Murray, who resold the realty to 81
mon Hess.
Max Hlrsch purchased from the New
York Life Insurance and Trust Company.
as executor. the three story dwelling.
1S.9x100l1, at West 123d street, near
Mount Morris Park West
Henderson N. Wolfe and others sold
TO Rosalia Rettino and another 205 West
Sixteenth street, three story dwelling. |
1S6x53.
Ruth Frackman bought the southwest
corner Of West End avenue and Seventy
sixth street, four story dwelling. 26.7x !
100, from Theodore Z. De Vinne.
The two and three story dwellings, so |
xs9.l1. at 112 to 116 East 127th street |
have been purchased by Francis Reilly |
from Richard 3. Kelly and others.
The five story dwelling. 24x592, at |
S3S West Seventy-seventh street has |
been sold by Elizabeth L. Goodnow 10 |
The Sterling Realty Company.
William II. Gould purchased from |
Elizabeth Jacobs the two three story |
dwellings. 40xl0O.5. at 235 and 237 West |
Forty-eighth street
Manhnnset Rents for $500. 900.
]. Clarence Davies leased for the |
Edgewater Realty Company to C. b. !
kamprecht the Manhanset, 81 to SIS East |
Fifty-nh1th street. a six story hotel |
apartment house, 60x1Q0. The lease is |
for ten years at an aggregate rental Of |
100000.
Buyers for Business Properties.
Bryan l. Kennedy resold 2ls Fulton |
street, southeast corner Of Greenwich |
street, four story and basement brown |
stone building, 3ixSl. The property was |
sold to the Holm Realty Company.
backed by the law irm Of Holm, Whit
lock Scarf The building will be re-
modelled with stores on the ground |
hcor and 'he upper floors vii! be used |
Tor law Offices. Pease & Gilman repre-
sented the purchaser in this sale
Frank B. Taylor sold for J. W. Brett
the five story business building at l6 /
West Fifty-irst street 22x100.5 a Co.
lumbia College leasehold.
Gristede Brothers, Inc. purchased
from Christian Schildwachter for ST.
coo the five story building, 75xsO, at
1895 to,1sss Park avenue.
The five story building. 335xI341O.
at 143 West l05th street has been sold
by the Charles G. Hupfel Brewing Com
pany to Martha E. Gould. II abuts the
Home for Aged and Infirm Hebrews.
The hye story building, 23x44l0, at
40 South street, northwest corner OF
Old Slip, has been purchased by Ger
trude Schildmuller from Charles Kohler.
New York Nipple Manufacturing Cor
poration bought from Morris Hollinger
and others 40 East Tenth street. a six
story loft building. 2O1s23
Form New Realty Firm.
oeorBe W. Gustus, for many years
with the offices Of Pease & Euiman and |
FOR the last year interested In lease
holds in the Pennsylvania section. has
formed partnership with David Felber.
secretary Of the New York and New
Jersey Realty Corporation, and Walter
@. Harris. vice-presldent OF the Ameri-
can Land and Improvement COMPANY
Inc, for the purpose OF conducting a
general real estate and insurance bust
ness, with offices at 214 West Thirty
> fourth street. to be known as George w.
Gustus & Co.
Multifamily House Sales.
Tho Sussex. a seven story elevator
apartment building. 50x100.5, at IS and
81 East Sixty-fifth street. adjoining the
northwest corner Of Park avenue has
been sold by Charles S. MacGregor to
the 55-67 East Sixty-flfth Street Cor
poration-
Afo Realty Corporation sold to Morris
Cohen the southeast corner Of wads-
worth avenue and 191st street, a five
story apartment house, 50x1O0.
LEASE GARAGE FOR 100000.