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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Aug 30, 1908
Page
10
In New York the real estate scene remains a buyers market with investors and brokers optimistic about a revival. Large bids come in 20 to 25 percent below year ago costs, with new construction planned around Everett House and other sites, while several properties and leases change hands in Manhattan, the Bronx, and Jamaica amid ongoing auctions and planned developments.
Commerce Street and Barrow Street parcels for six story brick tenement by Haase Lippman Construction Co and Sommerfeld Steckler, cost 60000. Egan Halley Construction Co of 161st Street plans four three story brick dwellings cost 36000. Various other projects listed including two story brick hall and five story brick dwellings with specified owners and architects.
Real estate transfers include Harvey T. Andres to Jonas Weil for 20 000 and 87 000 dollars, James A. Lynch to Cornelius O Keeffe for 100 dollars, and multiple parcels traded along Bryant and Cleveland Avenues and Wadsworth Avenue. Referees and mortgage details appear with various buyers including Universal Building and Construction Co. and Maiden Lane properties.
A dense notice lists numerous transfers and mortgage details. Individuals such as Michael Cosgrove, Clarence E. Anderson, Adolph Bli..., Georgiana Scolin, Maurice Cimmett, Solomon Ehrlich, Mae Grossman, Daniel Houlih an, Mary Jameson, Samuel Kanter, Charles Kater, Carmine Liberti, William Miller, Cornelius Okeefe, William Phelan, Universal Building and Construction Co. and others engage in varied property dealings including lot maps, sub mortgages, timeframes of 3 to 6 years, and interest rates around 5 to 6? percent with several balances ranging from thousands to tens of thousands of dollars. The entries reference streets such as East 5th Street, Vyse Avenue, and 169th Street, and institutions like The General Synod of the Reformed Church in America and Manhattan Mortgage Company.
Notices cover forecloseable mechanics liens on Madison Ave corner parcels and partitions filed by Alexander Murray against Georgiana Booth and others. Several land parcels along Broadway Canal Street Centre Street Water Street and surrounding avenues described with precise dimensions and adjacent roadways. Names include George H Storks Park View Company Arrowsmith & Dumn and Miller King Lane and Trafford.
Charles S. Guggenheimer builds a twenty two foot residence on the north side of Seventy third Street between Lexington and Park Avenues costing about 125000. Designer Harry Allan Jacobs calls it an excellent example of Italian Renaissance architecture with distinctive arcade and loggia treatment and a prominent stone border. Bronze entrance doors are marble enclosed with marble columns. The remainder of the facade continues the marble theme and refined detailing.
The elaborate new house designed by Harry Allan Jacobs features a limestone front with a green tile mansard roof. Interior spaces on the first floor include library, living rooms, and dining. seven-tens-foot foyer sightlines. Caen stone finishes. and detailed wood paneling.
S. Osgood Pell & Co. sold parcels in Plandome and Flushing to buyers including William Patten William D Dutton and Annie Buberich plus Patrick Murphy Charlie Carey and others. F D Jackson builds brick house on villa site. Bankers' Land Corp. sells plots in Elmhurst Heights Prospect Avenue Pennsylvanian Avenue and nearby areas.
By September north shore trains on the Long Island Railroad will run over the new high embankment at Sunnyside terminal yards south of the present track. Trains will enter tunnels to Manhattan via a viaduct from Woodside, enabling an express schedule of about fifteen minutes to Broadway Flushing and twenty minutes to Douglas Manor and Westmoreland with no delays.
The article surveys a shift in New York housing, noting reduced new construction after a boom and a move toward better designed elevator buildings in Morningside Heights and Washington Heights. It highlights Bronx expansion with mid priced flats and strong subway access, predicting a large winter migration of tenants to the Bronx.
Property of the highest class in Edgemere to be sold by Joseph P. Day. The 100 lots lie near Wave Crest with 36 oceanfront parcels and riparian rights. Two large private residences included. Sale at 2 PM on the premises rain or shine.
The Boston Herald praises New York real estate interests for urging examination of budgets and notes taxes fall on tenants via rents and household costs. The Galveston News adds the idea that taxpayers may become a "revenue bearing animal" as reforms spread nationwide.
Reports from the Hudson show strong demand for river view sites with rapid sales in Park Hill on the Hudson. Wilfred C Bates plans a new edgecliffe terrace residence as others including Mrs Blanche Dubois and Louis Isselhardt acquire parcels. Yonkers buys adjacent park plot near Public School No 1 to join the city parks system.
A partition suit has been filed covering numerous Manhattan and Bronx parcels including Broadway addresses, Maiden Lane, Mercer Street, Madison Avenue, Greene Street, Canal Street and Centre Street. The case names William A. Spencer and others as plaintiffs against executors, with Miller Lane Trafford attorneys.
Bryan L. Kennelly sold the estate of the late Ransom Parker to Bridle Car L. Marston Treasurer of the Automobile Club of America. The purchase includes three three story dwellings and one four story dwelling on a 20 300 square foot plot with entrances on Fifty four and Fifty fifth streets. The club plans to tear down the houses to extend its clubhouse.
Plans filed at the Building Department reveal a new seventeen story structure on the Everett House site at Fourth Avenue and Seventeenth Street near Union Square. The project, by the Everett Investment Company, aims for occupancy by February 1 with six to eight major woolens and dry goods firms already eyeing entire floors. Architects Gouwin Starrett and Van Vleck design a Doric styled granite and Indiana limestone base building with 127.7 by 142 feet frontage and ten elevators, signaling a wholesale and retail surge in midtown.
Foreclosure notices list multiple properties including six story brick tenements on Riverside Drive and Broadway with details of referees and amounts due. Properties span Elyria to 11th Street and include streets such as Winthrop and Jenning as well as Evgecombe and Van Corullandt Avenues.
Weekly mortgage filings totalled 2 584 001 with multiple entries at 6 percent and others near 5 percent. Comparisons show 146 mortgages valued at 8 221 000 last year with varied rates including 6 percent and 4 percent per year.
Auctions slated for 14 and 16 Vesey Street and nearby Broadway addresses. Listings show multiple five story dwellings with G H Montague as referee and amounts due ranging from about 20 000 to 27 000 dollars, all subject to first mortgages and additional liens.
A six story building on West Sixty-ninth Street houses seventy two small two and three room suites. Each apartment includes a kitchenette with gas range and glass lined refrigerator. Roosevelt Court sits near Amsterdam Avenue Sherman Square and the city transit hubs.
Fragmentary OCR shows several contractor versus owner disputes. Names include Thomas Galligan Rosa Basen and others with addresses on 116th Street Maple Avenue and Stith Street. Amounts cited range from 35 to 125 dollars with various owners and contractors listed.
A mix of notices lists cases against various parties with dates from 1907 to 1998 and vacated entries. It also advertises Eli Benedict teaching an architectural drawing class at the Twenty third Street Y M C A during the season from October to June with a plan reading and estimating course to be formed at Lincoln Square Arcade.
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