The New York herald., 1922-01-12

sites he throws the gate wide open for
the operator and investor.
Within the walls OF the city there
viii be two major fields of operation
during the year 1922 Mr.. Brown be-
lieves. one will lie In the residential
area in the Seventies and Eighties. both
east and west Of Fifth avenue, where
private dwellings, will be bought up for
replacement with apartment houses
There is also strong likelihood OF a
liberal conversion OF old properties into
new loft structures In the midtown sec
tion around the Thirties.
Our pursuit OF the elusive paragraph
yesterday took us up TO the Canadian
| Pacific building that neat little twenty
! two story structure which the firm Of
| Cushman & Wakefield has helped TO
make cozy and homeliAe. The purpose
J of our visit was to see Frederick Perry,
general agent for the Canadian Pacific.
! but he was out so we browsed around
\ among the tall sheaves OF wheat and
rye that spring uD so bountifully be-
tween the ties in the great north
country.
And then our professional eye was
struck by the railroads printed offer
10 sell farming lots adjacent TO It's
roadbed on generous contracts that call
for small and long delayed payments
Without knowing a ching about real es-
tate values in Canada the investment
looked extremely attractive to us.
Just as we We're on the point OF sue
cumbing to the temptation we learned
guarantee TO furnish a man to work
our farm for us so we withdrew. Dig
ging up paragraphs is one thing, but
digging up potatoes Is something else
again.
The Long Island Real Estate Board
went in out of the wet at the Cafe
Boulevard yesterday afternoon. and
after luncheon spent two hours watch
ing the tribulations of Mr.. Potato try
| ing TO get transportation from a west
ern freight car at the Jersey Meadows
70 a retail grocer's shop UP In The
Bronx. The delays We're vividly OBJ
jcetlfied by actual moving picture
scenes showing the obstacles to the
distribution OF food and supplies In
the greater city. Lewis II. Pounds OF
the Port Authority Commission was
the lecturer.
The Long Island brokers, many OF
whom are interested in the growth Of
Queens Borough. manifested keen in
terest in the plans to surround the
New York and New Jersey port dis
trict with belt line railways and to
connect Manhattan and Long Island up
with the western trunk railroads by
means OF freight tunnels.
-
Quinlan & Leland have placed a
first mortgage loan OF s145,000 on the
six story elevator apartment building,
91x115x irregular. at ALSO Broadway,
northeast corner 177th street.
George A. Bowman was the broker
! in the sale of the property at 765 Sixth
avenue to the estate OF Charles F..
Hoffman.
! Brooks & Momand have placed q
| first mortgage loan of $4,000 for the
| r. & H. Realty Company on the ten
| store and apartment buildings being
| erected on the east side of Thirteenth
avenue. including the entire block front
/ from F'iftieth to Fifty-first street, Brook
lyn.
| The New York Title and Mortgage
Company Is arranging u DulIuInS iOan
of $4,000 on the north side of 171st
street, 100 feet east of Fort Washington
avenue. where six story elevator
apartment house is to be erected by
the West Hist Street Corporation.
Composed OF Leo Schioss, Theodore Klein
and others.
Edwards. Dowdney e Richart placed
mortgage loan of s1os.oo0 on the
southeast corner Simpson street and
Westchester avenue; also $1,000 on
the corner house and $4,000 each on
the inside houses at the northeast COR
ner OF Topping avenue and 174th street.
Joseph Bernstein Is the buyer of
1919 Seventh avenue, for which he paid
$4,000. Anna Lo Pinto is the buyer
of I53 and 155 East 115th street, sold
recently.
Fannie Zornberg is the purchaser OF
1913 Lenox avenue, for which she paid
S21, 900.