New-York tribune., 1920-05-06
Stock Brokers
Buy Broadway
Business Home
Block. Maloney & Co. Pay
Robert E. Bowling His
Price for the Six-Story
Structure at No. 81
Estates S ell Downtown
Barclay Street Corner and
Murray Street Leasehold
Are i'm New Hands s

Block, Maioney & Co.. members of
The Stock Exchange, yesterday Joined
the ranks Of financial concerns who
have acquired real estate downtown for
their businesses. The concern bought
from Robert E. Dowling the six-story
building at 81 Broadway, extending
through the block to Trinity Place,
subject to leases held by the American
Railway Express and the Dominion
Bank which will not expire for three
years. Until that time the firm is Sc
cure in its present quarters, but after
1928 the possibilities Of securing new
and adequate premises are slim. The
deal of yesterday, therefore, Is to meet
a condition which every executor in the
lower city business district appreci-
ates fully. The structure is in the
block between Morris Street and Ex-
change Alley. It is 2e feet wide and 200
feet deep, and no doubt will ze extern
sively remodelled for the new okners
before they take possession.
Needless to say, Mr.. Bowling made 8
substantiated the opinion which he has
repeatedly expressed, and that is there
is money in real estate. This transac-
tion Is one of series of profitable
deals which he has made in the Broad
way and Wall Street district in the
last year. His activities have backed
up his optimism.
The Exchange Court Building, d.
l.. rectly opposite, was bought by syndi-
cate of stock brokers several weeks ago
from Mr.. Bowling, who bought it from
Captain John Jacob Astor g few months
previous for all cash. Mr.. Bowling
still owns the 32-story Adams Build,
ing, at Broadway and Exchange Alley.
Estate Sells in Produce District
". J. Huston & Son sold for the es-
tate of Mary r. Calander the four
story loft building, with stores, on the
northwest corner Of Greenwich and
Barclay streets, 3911x42; also the ad-
Joining four-story building at 1o1 Bar
clay Street, 19x61. Sidney Goodacre
represented the buyer.
Murray Street Realty Buyer
William H. Whiting & Co. sold to F.
Jacobs for occupancy the four-story
and basement building at 70 Murray
Street. The property is a Columbia
College leasehold.
Old Sixth Avenue Location in Deal
George W. Mercer & Son sold for the
estate Of Thomas helly. 263 Sixth Ave-
nue. and 104 and 106 West Seventeenth
Street, two tve-story and basement
buildings, 23x10O and 50x1OO feet re-
spectively. The buyer proposes to re-
model and improve the buildings and
occupy the major part of it. The same
brokers recently sold the adjoining
property on the corner of Seventeenth
Street and Sixth Avenue for the Far
mers Loan and Trust Company.
New Plans for Warehouse
Joseph P. Lay sold for Catherine
Hou-er, the five-story warehouse at
122 East Thirteenth Street, 25x100. The
buyer will improve the property
"Village" Loft Involved
Manheinler Brothers, Inc, sold for
the Keld Realty Corporation to the
PIP West Thirtieth Street Company.
Inc, the FIVE loft building, 2l3
West Thirtieth Street. 23X98.9.
West Side Garages in New Hands
John S. Mckcon of the Wood, Dolson
( Co, sold for George Mex. Brown, the
two-story garage at Ill West Eighty
ninth Street
The twostory garage, on plot Ak
1905, at 1892 and 334 West SEVENTEEN
Street, owned by Louis &. Rolston, is
TO be taken over by the newly formed
334 West Seventieth Street Corpora
ton, R. Kent, j. Burlinson, and T, w.