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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Aug 23, 1908
Page
17
The article previews a growing movement by taxpayers and property owners to reform annual city budgeting. It cites proposed hearings and proposed savings, notes Controller Metz’s cooperation, and lists notable property sales and mortgage filings as context for the real estate market.
Robert Livingston Stedman owes several small sums to Joan in Manhattan and Brooklyn. Notices indicate payments due via Main Officer by Wall Street. Contact Rector 630 Bronx, 27M Third Ave, Tel. Mel. 186 for details.
Public sale notices list multiple properties in New York and Brook and Monmouth areas. Details include street locations, property sizes, building types, and amounts due with mortgages, with referees M F Conry and P J Dobson handling bids and terms.
Reports list various approved building plans including a frame stand on 8th Ave and 157th St for National Baseball costing 4000 dollars. A six story brick apartment at New Av 8th corner 181st St costs 170000 dollars by Pinehurst Realty Co. A three story brick fire house on Hancock Place costs 40000 dollars. Smaller item: a two story brick car barn and garage on 8th Ave near 49th St cost 5000 dollars. A two story brick saloon on Broadway 1372 has cost 3000 dollars.
Transactions include Gaetano Pepe transferring to Nicola Galgano at Thompson Street for 14700 dollars mortgage and 100 dollars fee. Sache ee to Leopold Hellinger at 30 Street East 218 for 353500 mortgage with 3 dollars?. Emily M Roeter transfers at 708 Washington Street to George Baum for 8000 dollar mortgage and 100 dollar fee. Juliette Myers to James N Myers at 110 feet east of West End Avenue with 10000 dollar mortgage and 7100? fee. Freda J Whiton to J Myers at 74th Street near East West End Avenue with 100 dollar fee. irregular lot at 66th Street south south 275 feet east of 28 Avenue.
A compilation of lien cases names owners contractors and the monetary amounts sought. Cases include Anton Larsen v Greene Court Building Co at 111th Street corner. Luis Krause v Rose Herzberg at Division Street. A Ciccarone Co v Joseph Kenn at 45th Street. Morris Rabinowitz v Rachel Landsman at Essex Street. Miller Cohn Co v T J McLaughlin Sons at Broadway. Herring Hall Marvin Safe Co v Commercial Trust Co near 41st Street. Bronx Sash and Door Co v Mrs McKiernan at Inwood Avenue. Edward Waixel v F Schuessler at German Place. Amounts range from 31 to 5,900 dollars.
A string of case entries includes TIEBOUT AV and 182d St with Carter Black Ayers vs Hagerman dated Aug 12 1908 for 148 dollars. STTH ST area near Broadway and Columbus Circle Arcade Co vs Jeaae Goldberg dated Oct 12 1907 for 3500 dollars. BRYANT ST near 172d St Jacob Boyassky v Herman Davis dated Ave 12 1908 for 64 dollars. WHITLOCK AV near Tiffany St Pietrowski Konap Co v Albert Roth ermel dated March 6 1908 for 1691 dollars.
Listings show two mortgage foreclosure actions. Lafayette Trust Co. sues Silberberg & Sau ] Inc. at Lenox Ave near 138th Street, alleging mortgage default. Wolf Brand sues Isadore Leipzig and others at Monroe Street near Montgomery Street, also for foreclosure of mortgage.
John Boyajian sells to Y Sanjian a 50 by 100 plot on Morningside Lane Morristown area. Moore sells to B R Humphrey a 100 by 100 plot on Linden Avenue Morsemere. Anna H Brown sells to A B Balfour a 126 by 174 by 121 lot on Prospect Street Leonia. J H King sells to T Branigan a 50 by 120 plot on Central Avenue Fort Lee. J F McCormick sells to R L Roelle a 75 by 100 plot on Fourth Street Palisade Park. Columbia Investment and Real Estate Co reports sales in Grant Wood Morsemere Hasbrouck Heights Hudson Heights and Grantwood to multiple buyers.
The American Real Estate Company promotes a bungalow colony in Park Hill, 800 feet above the Hudson, attracting wide attention as many homes already have buyers. Vice President E. B. Boynton argues bungalows shift from summer homes to practical year round residences.
The Union Dime Savings Bank plans a new 1 million dollar banking house at Sixth Avenue and Fortieth Street. Work begins Jan 1 with occupancy expected by Jan 1, 1910. The $400,000 structure features a 48 foot high banking room and a marble interior.
Describes the Union Dime Savings Institution new home at Sixth Avenue and Fortieth Street with Italian Renaissance styling. Details include three elevated elevator openings, a heavy stone cornice, green slate roof, pink granite base, dark blue Indiana limestone facade, a grand vault entrance, leaded glass dome lighting, and a ventilation system with a breathing line. The westerly addition houses president and committee rooms, directors’ meeting room, luncheon room, and janitor quarters on upper floors. Also notes employee amenities, basement lunchroom, lockers, and lavatories. Bank deposits around July 1 total about 6,4010,04 and total resources near 27,500,000 with a 1,000,000 surplus. officers listed.
Controller Metz backs reforms to make city budgeting understandable to taxpayers. Allan Robinson of Allied Real Estate Interests questions a 160 million dollar budget rise for 189 and calls for clear, detailed spending data to reveal waste or efficiency. The Bureau of Municipal Research and the Greater NY Taxpayers Conference seek a transparent budget, noting costs from office buildings and amusements and 84 taxpayers funding a 13 cent fund.
Bryan L. Kennelly to sell a desirable building site on Monmouth Drive Deal Beach New Jersey on Tuesday. The property sits within 600 feet of the Casino and near the golf club. Sixty percent of the purchase price may remain on a mortgage for three years at five percent.
Charles Mead & Co. will grade and pave the eastern Blackwell's Island Bridge plaza with rails water and sewer mains and trolley electricals. Work must finish by Oct. 31. The old Hunter homestead is demolished leaving Civic Club to be moved. Real estate growth follows the bridge project with plans for office structures and apartments nearby and a surge in building filings in Queens Borough reaching $422,800 for seventy five buildings.
Edgemere will host the year’s largest auction sale of ocean front lots on Saturday September 5. Joseph P Day will offer 230 plots near the Edgemere Club and Long Island Railroad station. Unrestricted land in a highly restricted district includes 30 ocean facing lots divided into three groups with 200 feet of riparian frontage. Listings cover Rochester Columbus Fulton and Bay Avenues.
Samuel Fleisch manager of Estates Development Company and owner of Throg's Neck Gardens offers a cash prize for best answers to what are the important facts to consider in purchasing undeveloped property. The contest aims to reveal public understanding of desirable real estate investment and home sites.
Plans filed for a three story fire house to be built on Hancock Place west of Manhattan Avenue with a 28 foot frontage. The facade will feature ornamental limestone and large mullion bays and the project is estimated at $40,000 with city architect How ard Constable in charge.
Realty Trust sold a Malba plot at the northwest corner of Malba and North Drives for a dwelling to cost 17,000. Five other dwellings, costing 15,000 to 20,000 each, are under construction and ready for occupancy by Nov 1. Additional lot sales covered nine sites on East Boulevard Centre Drive and Twenty first Street. McKnight Realty Co moved four plots in Flushing and Whitestone developments as well as multiple plots in Bayside Flushing Vista Lawn Cedarhurst and Jamaica New York Avenue areas.
George C. Austin signs Bryan L. Kennelly to sell 177 Rockaway Park lots next Saturday on the premises for the former Summer by order of the Corbin Banking Company. Kennelly previously sold 532 lots in July. 172 lots will be offered in separate parcels with riparian rights on the ocean front. All Rockaway holdings except Park Inn are to be closed out, in a restricted building area with over 20 cottages by the company. Six percent mortgages arranged for one to three years.
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