The New York herald., 1921-07-27
REAL ESTATE NEWS,
NOTES AND GOSSIP
Trading i'm Manhattan Shows
Improvement; Suburbs Also
Fairly Active.

II did not requirs more than normal
amount of optimism to enable an I'M
partial observer to discern evidences of
increasing strength in yesterdays real
estate trading True. the markets pulse
beats were still feeble IL the Importance
of the transactions closed must be taken
into account. but they had increased
sufficiently in number to justify the
hope that the patient might survive the
hot spell.
In the leasing field the Improvement
was most marked. Here there was
at least one deal TO relieve the dull
monotony of the routine news. 1t corr
cerned the seven story Majestic apart
ments. at the southeast corner Of st.
Nicholas avenue and 145th street. which
was leased for period Of twenty-one
years at a large rental. The demand
for commercial space In small sized
units also gave evidence of strength.
There was little cause for rejoicing
among residential property traders.
however. Apartment and dwelling sales
were few and comparatively unimpor-
tant. although two private house tran
sactiops served to inject another touch
OF color into the decidedly drab tone OF
the market. The one time home of the
late Richard Mansfield changed hands,
together with another property on Riv-
erside Drive.
Tb, outlying boroughs were for the
most part inactive. Another plot fell
into the possession of apartment build-
'srs in The Bronx. where 100000 multi
family house also changed hands. But
aside from these the trading was ex-
tremely light and uninteresting.
| One Of the most encouraging phases Of
the market was the revival in suburban
areas. where traders put up a fair SEM
blance of activity.
MultifnmiIy House Sales.
Harris & Maurice Mandelbaum and
Fisher & Irving Levine have sold to
Peter Vandeilis for investment the six
story new law tenement with five
stores. at the northwest corner of Lex
ington avenue and 130th street, on a
plot 49.llxl00; also to Max Wiener. a
tenant in one of the stores, the adjoin-
and 2l76 Lexington avenue.
These properties. part of the block
front on the avenue between 1SOth and
13lst streets. built by the sellers about
fifteen years ago. have been held a,
$l5O.000. Martin Kahn was the broker
In the two deals.
Daniel II. Jackson bought from Mar
garet b. Newington of Palm Beacn,
Fla. 65 East 114th street, a five story
double flat. 27xlo0, and adjoining the
corner of Madison avenue. Georgs r.
Read & Co. were the brokers. The same
brokers recently sold and resold to Mr.
Jackson 14s and 150 Essex street. two
SIX story tenements. EOxl00
Biltmore Realty Corpora ton sold foi
Thomas Flanagan 30 La Sale street. a
rive story triple flat with stores, 25x1O0
Kleiner & Kleiner sold to Rose Leplc,
for investment e13 West cOith str,et. q
five story apartment. 25x100, containing
fifteen families and held at $4,000.
Max Nntanson Buys Dyckmnn Plot
Max N. Natanson purchased from r
Clarence Dorsett the vacant plot 100,
roo on 207th street, 110 feet north of tn,
northeast corner Of 207th street an,
Post avenue. The property is valued a
100000 and was sold for all cash. Jacol
& Emil Leitner were the brokers.
Enables Bank of America to Build
Action taken by the Board of Appeals
yesterday enables the Bank OF Americ;
to proceed with the construction of IL
new skyscraper home at the northwes
corner OF Wall and William streets witt
an l. through to 41-45 Pine street. A
the request of S. Breck p. Trowbridge
OF Trowbrtdge & Livingston, architect
OF the projected structure. the boar,
granted certain notifications in tn
heighth requirements of the coming reso
| luton so as to allow the bank to carr,
through its plans for the Pine stree
| side.
The bank has occupied it's presen
eight story structure for many years
To provide a site for its new home 1
| purchased three years ago the propert,
at 40 to 40 William street and Al to 4!
Pine street. The site now fronts 20 fee
on Wall street. $50 feet on William
street and sS.4 on Pine street.