The New York herald., 1921-03-03
PLOT SALES MEAN
HOMES FOR MANY
Transactions Foreshadow Big
Building Boom Started by
Tax Exemption.


passed By the Eoard OF Estimate ex-
cmpting moderate priced housing from
taxation for the next ten years. Only
five DAYS have elapsed since the adop-
tion Of this eoochal measure. and yet
several builders have had time 20 csti-
mate its advantage and to acquire sitter
for the erection OF buildings which will
facilitate the solution or the housing
shortage.
Three important housing projects were
' announced yesterday I'm connection with
the sale OF vacant plots In tho Dyckfran
section OF Manhattan and in Astoria,
Queens The largest of the trio will be
undertaken by the newly formed Mo-
hawk Holding Company, headed by
Lorne A. Scott and Walter Haefeli. the
architect. who have purchased from
Robert r. Bowling. president of the city
Investing Company. the plot Of twelve
lots on the southeast side Of Ncrmilyea
avenue, 100 feet north of Dyckman
street. Here the purchasers who have
been identified with apartment mousse
development in some OF the older sec
tions OF Manhattan will erect four fifty
foot new law houses which VIII accom-
modate 100 families. The sale was
negotiated by Electus r. Backus and
Frank H.. Smith. brokers. who have also
secured from the Metropolitan Life In
$4,000 each f>r the apartment project
The loans arc TO be converted into per-
manent mortgages TO run for ten years
The four houses. IL is estimated. will
cost about 100000. 1t is hoped that
work can be started at once so the
houses may be ready for fall occupancy.
The site measures 200x150, SO that
each house will stand on a plot 50x150.
All OF the suites will be of four rooms
the depth Of the plots permitting of un-
usually large rooms. The living rooms
are to be about 1Sx20, and the houses
are to be fitted with conveniences
found only I'm the more expensive struc-
tdres east and west OF Central Park.
story Flat for West 05th street.
julius Tishrnan & Sons. Inc. have
purchased from Land Estates, Inc.
plot at 110-120 West Fifty-fifth street,
10ox100, on the south side of the street,
$50 feet west of Sixth avenue. and are
preparing plans for the construction OF
a nine story and pcnt house apartment
10 he laid out in small suites. II Is In
tended 10 complete the building for oc-
cupancy from October T. 1921. The esti-
mated cost OF the entire operation Is
100000 Brown Wheeiocl Company,
Inc, negotiated tho sale and procured
for the buyers long term building and
permanent loans. Stoddard & Mark
were the attorneys for the buyers.
A. l.. Gardiner Sells House.
A. r. Gardiner. president OF the Rad
way Chemical Company. sold his $780,,
600 house at II West Eighty-slxth street
10 Joseph !. Saks, Of the firm of Saks
< Co. Mr. Gardiner will join the East
Side colony. J. Romalnc Brown Com
pany were the brokers
~yr.,,
The Bogardus Building Corporation
has purchased from DE Witt G. Cohen
n large plot OF vacant land at the north
east corner of Hillside avenue and Boz
gardus place. one block east OF Nagle
avenue. IN the lower Dyc'Sman section.
The buyers plan TO improve the plot.
S0x2S2. with two family houses. Plans
have already been filed for three two
story and basement brick and stone two
family structures, with three car gar
ages on tho corner or Hillside avenue
and Bogardus place, BY Edward j.
liamel, architect. The houses will have
seven rooms on floor. and II Is said
that they viii be placed on the market
FOR less than 100000. a. Gltterman was
the broker in tie sale OF the tract to
be improved.
New Apartments for Astoria.
l4uiN II GtkOll, u bullutI, WHO llstS put
up apartment houses IN The Bronx viii
erect the first six story apartment
houses in Astoria, l.. l. Mr. Slkori has
purchased from Anna X. Peal estate
through Minor T.. Platt. the plot. 100x
100. at the northeast corner OF academy
street and Jamaica avenue. Astoria
l.. T. Ground will be broken immedi-
tely for the erection OF two so foot
apartment houses. which will be ar
ranged IN suites OF three and four room
apartments. The rentals will average
sig room. The entire operation will
involve about S225.000. This Is the first
building operation Of the kind since the
tax exemption law was declared legally
ia operation.
Plans Filed for Bronx Flat.
Plans were fled yesterday FOR ive
story Nat, 26xi00. on Andrews avenue.
$50 feet south OF Tordham Road The
Bronx. The owners are the Kodgy
Realty Company Harry Freed, pres-
dent.
sI.OO0,0OO Lease on Madison Ave.
u. zucSerman Company leased for the
- Madison Avenue Company the two
five story buildings at 90 East Thirty
third street and 172 Madison avenue.
northwest corner. J0xi00, for forty-two
years ut an aggregate rental Of about
$1,000, 600. The tenants have commits
stoned Gronenberg s. LeuchtaE. archi-
tects. TO prepare plans for a seven story
store, loft and Office building.
Estate sells Eighth Avenue Parcel.
Daniel H. Freedman bought through
Harold l.. Lewis from the estate or
Frances adelaide Lawrence S1a Eighth
avenue. a four story business building.
2jN100 adjoining tho corner of Forty
ninth street. This IS tho first transfer
Of the property since 1886.
MuItifnmiIy House sales.
J. G.. Bassman OF the S. VI. Raphael
Company sold for the Barthold estate
70 a client who viii alter and occupy
the stores ami first floor for its busi-
ness 80 West 125th street. 31.6xl00, a
four story apartment with stores IL
rents FOR Si7,00o~a "a year and Is held at
Sl25.OO0.
Leonard Veil cold TO tho M. q. w.
Realty Corporation. Max Goldstein,
president the four four story tenemonts
az fas TO 49, West Nineteenth street,
on plot i00x92. Plans have been. ap-
proved for n two story garage for
which Mr.. Well has made building
aud permanent loan. A. Cohn and
Henry /. Cooper were tho brokers' Arm
stein 4 Levy represented Mr.. Well and
samuel Marcus acted for the buyers
Lewis H. May Company sold for Mar
100 Corporation 2S3 East i27th street.