The New York herald., 1922-01-14
News of the Real Estate World
GARAGE INTERESTS
BUY NEAR TUNNEL
Will Build in Vicinity of New
Vehicular Tube to New
Jersey; Other Deals.

The Tunnel Garage Inc, has pur-
chased one of the last large plots OF
ground remaining in the lower end Of
Greenwich Village, at the northwest cor
ner of Broome and Thompson streets.
occupied at present by old two and three
story tenements fronting 120 feet on
Broome street and 100 feet on Thompson
street. These tenements are soon to be
demolished and on the site modern two
story garage will be erected, which will
be within one and one-half blocks of tho
entrance to the new vehicle tunnel to
Jersey City. The plot has been in the
possession of the Bullowa estate for the
past twenty years.
The Tunnel Garage, Inc, is composed
of local business men who developed the
Community West Houston Street Ga
rage, Inc. George l.. Stivers is the pres
ident The contract was negotiated by
Tunnel Garage, Inc. and Emily Bullowa.
attorney for the sellers. The Interboro
Realty Company were the brokers.
Three Deals in Greenwich Village.
Crists & Herrick sold for Herbert
and Albert Marshall the three story
store and dwelling at 555 Hudson street
to the tenant: for Janet b. Foster of Chi
cago the four story store and tenement
at 3S1 Bleecker street; also for Jacob
A. Felter the three story dwelling at 200
West Fourth street to client for his
residence. The buyer, however changed
his mind and resold his contract at q
profit through the same brokers'
ManhattanvtIIe Plot sold.
The Real Estate Management Com
pany sold for the Mary G. Pinkey estate
to the Edlar Realty Corporation the
southeast corner of Broadway and Tie
mann place, 100x100.
The newly formed 4S5 Park Avenue,
Inc, with L. S. Pinney, III. l.. Dunn and
c. V. Rose as directors, and capitalized
at 100000, is the purchaser of the
Princeton Club property at the northeast
corner of Park avenue and Fifty-eighth
street, on which site the company will
part of which will be sold to tenants on
a cooperative plan. Cravath, Henderson,
Leffingwell & De Gersdorff. attorneys.
represented the buying company in the
transaction.
Lawyers Mortgage Reports.
The Lawyers Mortgage Company's an
nual report as Of January ] shows total
assets OF $40, 962, ,2271S, consisting ofNew
York city mortgages, 463,7S6.13; ac-
crued interest receivable, S135. .824.5S;
office buildings cost. $1.328.955.11; (;
United States Treasury certificates.
$100, 900; cash, $1,933,661.36. The out
standing guaranteed mortgages are held
as follows: Fifty-eight savings banks hold
$22.220.33i: 1,465 trustees. S27,756,662;
5.29S individuals. $60,05S.252; 215 char
liable institutions. s11,0S5,S53; nineteen
insurance companies, s5.S62,100; eigh-
teen trust companies. $6,756,090.
Deals Revealed in Transfers.
Carl Schiller sold to George Kraus a
three story building with stores. 20.6x
100, at 1880 Avenue A.
The Pitthan Realty and Holding Com
pany sold to Aaron LINER five story
building with stores, 17x102.2x irregular.
at 35s Bowery.
The Minot Realty Corporation sold to
Margaret NJ. Hatch three story tene-
ment, 20x45. at 99S Madison avenue.
William ii. Steinkamp sold to Sadie
Markowitz a five story store tenement,
25x7s.4x irregular. at 356 West Six
teenth street. for $14,500.
Henrietta Kestenbaum sold to Herman
NJ. Innerfield five story store tene-
ment. 25.ix101.s, at 14S East Houston
street.
Harry Lieberman sold to Celia Cohen
kin five story store tenement, 25x100.
at 54S Grand street.
G.. Cocchiarelli sold to G. and l., Ju-
liano three story house, 16.Sx100.11. at
427 East 1920 street.
The New Holding Company sold 10
Nathan s. Schiff five story store enc
ment. 25x100.11, at II East 18th street.
BENJAMIN Shapiro sold to Salvatore
Carlisle for $4,000 at five story store
tenement, 25x1o0. at 25 Monroe street.
George Benzer sold to Julius o. Sa-
rowy a five story tenement. 24x92. at
429 East Nineteenth street
Joseph Nasanowitz bought from the
estate OF Francis c. Wilde a four story
dwelling. 16.sxio0.11, at 456 West 1921
street. through Max Moser.
Sarah NJ. Chapman sold 10 Sarah NJ.
Sandford the vacant plot. 50x99.f1, on
the north side Of West 1fsth street. 125
feet west of Broadway.