The New York herald., 1921-02-17
OPERATORS FIGURE
In DWELLING DEALS
See Opportunities for Profit in
Fine Houses on East and
West Sides.

sumption that the men who buy and turn
properties over quickly have begun TO
see new possibilities of profit In this
form OF investment. Still the deals may
well have been due to something more
than coincidence.
In one case Louis II. Low and Charles
Wynne acquired from the receivers OF
the Bradley Contracting Company the
home OF William Bradley, the contrac-
tor. at 305 West Seventy-fourth street,
facing the Charles II. Schwab mansion
The property is a four story and base
ment house, 24x6e. and was held at
$4,000. 1t was occupied by Mr.. Bradley
for many years.
In another deal Joseph G.. Abramson
through Pcase & Gilman bought the two
dwellings at tSo and 1872 East Seventy
ninth street, between Park and Lexins-
ton avenues, from DR.. John A. Victor.
The properties are four story and base
n1ent houses, with two story extern
sions, 19x102.2 each. They were held
at $125,000. DR.. Victor. who bought the
houses last September, recently leased
a large apartment through Pease & ELI
man at Fifth avenue and Seventy-sec-
ond street for which he will pay $4,000
a year.
Tenants Buy svnIage' Apartment.
A group Of tenants have bought the
Regina, a six story elevator apartment
house. 43.6x103.3. at SO and "a West
Twelfth street. near Sixth avenue,
arranged in suites Of four rooms and
bath. The tenant syndicate will offer
af6rx n ffhar hffwara m 1Q0
cent cooperative plan. SPOTS & Starr.
Inc. were the brokers and have been
retained as agents for the building. The
City Construction Company, which took
title last month. was the seller.
Pease Gilman sold for Lawrence
Abraham, represented by /. II. Kramer.
attorney. the seven story building at
29 West Eorty-sixth street, 20.10x100.5,
to client for investment The prop
erty was held at s150.000. 1t was re-
modelled under the supervision OF Harry
Hertz. the architect. Pease & Gilman
viii continue as managers
Gotham Apartments Leased.
The Gotham, seven story elevator
apartment house at 240 and 242 West
Forty-ninth street, has been leased by
the Hortense Calvert Realty Company
to Raymond J. Galley for ten years at
an annual net rental OF $4,000. The
lease also carries five year renewal
privilege at rental of $4,000 per an
mum.
Operator Leases Whole Building.
Joseph @. Abramson has leased from
Arthur Brisbane the six story store and
loft building. c0x100, at 46 West Forty
sixth street, for ten years. at an agsre-
gate rental OF 100000. Mr.. Abramson
will occupy two of the floors for his
real estate offices. Pease g. ElIiman
were the brokers
More Lenses In Old Hotel.
An additional floor and a half OF the
National City Realty Corporation Build
Ing on Forty-secopd street. formerly
the Manhattan Hotel. has been rented
to three corporations, at AN aggresats
rental Of about s1,0o0.000. Tho three corr
porations which have signed leases are
the General Syndicate Corporation,
Union Oil Corporation OF Delaware and
Goodrich, Lockhart & Co.
other sales in Manhattan.
Corine II. Smith Is the latest buyer
In the private home colony known as
"
street. overlooking the East River
From Sutton Square. Inc. she purchased
the three story dwelling at II Sutton
place, 16.3x51.1, between Fifty-seventh
and Fifty-eighth streets. Mrs. William
K Vanderbilt recently bought 1 Sutton
place for her future home.
Slawson & Hobbs resold for Daniel b.
Freedman 35i West Fifty-seventh
street. n four story dwelling. 17x100.
The purchaser will use the premises In
the interests OF working girls home.
Coughlan A CIisby sold for Tsaac
Mayer and Henry Mayer TO Kate G..
Gould the four story dwelling, 20xi02.2.
at 121 West scventy-fourth street.
Everett NJ. seixas Company resold for
the Swift Realty Company 405 East
Flfty.severth street. three story dwell
ing. 17.9x576, bought by them last
week from the Osborne estate. TO Or.
Il. IL. Raymond, Jr.. who will occupy
VIM. A. White & sons sold to the
Empire Mortgage Company for Mary II.
Sweeney and others the two lots at 422
ana 424 West 124th street. 50x1o0.1I.
They abut the large 12sd street plot
recently sold by the same brokers as n
site for the new Lincoln School Build
ing and are 10 be used In connection
with that project
Horace s. Ely & Co. sold for Henry
Coleman the vacant plot. 5ix6s.sx
irregular. on the east side OF East End
avenue. 81 feet north OF Eightieth street,
TO a client Of Samuel Cowan. who viii
use the plot as a stone yard.
Julius Dietz sold 10 Minna Birth the
five story tenement at AIS West Thirty
seventh street 25x9S.9.
James Kyle & Sons sold for Mrs t.
Elizabeth Kramer tho five story tene-
ment at 3ii East Thirty ninth street
Mutual Life Makes Big Loan.
Robert L., Peter O., angelica L..
Mabel. Mathilde and Corneis Hartman
Gerry have procured from the Mutual
Life Insurance Company loan Of ST.
100000 on five properties. the largest
OF which Is the seven story Savoy
apartments at the northeast corner OF
Fifth avenue and Fifty-elshth street.
Other properties involved are the eight
story building az 1sa Fifth avenue. 10
East Forty-eiehth street, 10 h;ast Fifty
second street and io5 stanton street,
S0xi00.
MISCELLANEOUS LEASES.