New-York tribune., 1921-07-24
Brooklyn
Demand Exceed
Sales Last Wear
Associates Report Greater
Business by Them So Far
This Year Than Similar
Period i'm 1919 and 1920

FRANK Fox, third vice president OF the
Realty Associates. reports the sale OF
more property in the first half of the
current year than in similar period
Of last year or the year 1919. Mr.. Fox
discussing the business done in the last
six months, yesterday said:
@The common impression seems to
be that the real estate market TODAY s.
quiet, as compared with the markel Sc
the first six months of the years ~
1920. That this opinion is somcwh.,
erroneous is evinced by the fact thas
we actually sold in Brooklyn ia the
last six months more property than we
sold in the first six months Of the vea~;
19ls-1920. During the last six month
sales of real estate owned by us agpre-
gated S2,259,o00 and included forty-six
private houses, six apartment houses.
five stores and apartments. ten bus.
ness properties, one theater and al
lots.
~The largest single property we sold
was the corner of Flatbush Avenue Ex-
tention and DeKalb Avenue. taking in
the Crescent Thegter and the Thibout
vail paper building, with frontage Of
1856 feet on Flatbush Avenue. This
property, which was valued at about
s7e0,000, was sold to the Shubert
Theatrical Company, occupants of the
theater.
"Another parcel of business propertv,
AZ Flatbush Avenue, was purchased bv
Berk Bros, tailors. This is four
story building, 24x60 located between
Fulton and Livingston streets, and is
a part of the department store former
~ occupied by Journeay & Burnham.
Sales of Apartments
'4Three fve-story, double, steam
heated apartments were sold last
month, at 333-337 State Street, in the
downtown section. These buildings,
which had been owned by us for years.
we're purchased by an investor We
also sold the three single apartments
at 94579 President Street. near Ninth
Avenue, on the Park Slope.
Eat Brighton-by -the-Sea, in the vi
entity of Ocean Parkway, we built and
sold eighteen one-family frame cot
tages; also sold 173 lots, recently de-
veloped by US, near the Parkway Baths.
New building operations are in
volyed in several other parcels of va
cant property we disposed of: Eight
two-family, semidetached houses are
being built on the block front on the
west side of Twelfth Avenue, between
Fifty-second and Fifty-third streets,
Borough Park; also two-story stores
and apartments at the southwest cor
ner of Twelfth Avenue and Fifty-first
Street, near the new Borough Park
Theater, and three-s story stores at the
southeast corner of Forty-seventh
Street and New Utrecht Avenue. In
the Eastern Parkway section we sold
a plot, 80x100, on the east side Of
Rogers Avenue, south of Union Street,
where the purchaser has built stores
with apartments above.
s"We have practically completed two
new building operations in one-family
"easy housekeeping homes-one group
on Sullivan Street, between Bedford
and Rogers avenues, in the Eastern
Parkway section, the other at Sixth
Avenue and Sixty-eighth Street, Bay
Ridge-and forty have been sold.
.2Near Coney Island we have devel-
cped a tract of acreage frontage on
Avenue K, West Ninth to West Thir-
teenth streets, containing 200 lots
= eighty of which have been sold Many
OF the purchasers have built homes.
Gas Company Buys Acreage
eThe Brooklyn Borough Gas Com
pany purchased from US a parcel of
Ave acres adjoining their plant on
Coney Island Creek; while another va
cant parcel sold by US was plot of
six lots at the corner of Jamaica and
Van Wyck avenues, Richmond Hill
Three stores and flats at 913-919 Fourth
Avenue, South Brooklyn, were sold to
individual investors.
Many of our operations have been
sicng Livingston Street near Flatbush
Avenue. The tenant, Samuel Bloom
bcught the one-story store building BOX
10 on the south side of Livingston
Street, opposite Hanover Place, adjoin-
ing Keeney's Theater, and valued at
$4,000.
1--WE bought plots with old buildings
on the east side of Hanover Place
and the north side of Livingston Street
owned by the Berry estate for years
This property involves about $500, 900
Since then we have resold 295 Living
ston Street to the Scranton & Lehigf
Coal Company, for whom we are nov
erecting a new office building; 285 Liv-
ingston Street to M. Mesard, furrier
for his occupancy, and 287-9 Livingston
story business buildings.
1.-TWO other parcels we purchased arc
90 ST. Felix Street, opposite the Acad
emy of Music, and the plot 508x100 on
the west side of jerome Avenue, 12(
feet south of West 169th Street, the
Bronx.
From our experience we believe the
real estate market will be very active
all during the balance of the current
year"