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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Aug 23, 1908
Page
4
The real estate market reports a brisk week with a sharp rise in demand for modern dwelling houses. Notable sales include 533 West End Ave four story dwelling and 23 1 2 West 71st Street three story brownstone, along with multiple Manhattan properties and several large land parcels in upper districts.
Samuel Fleisch of Estates Development Company offers a cash prize for the best answer to the question what are the important facts to consider when purchasing undeveloped property. The contest aims to reveal public opinion on investment and home-site desirability and measure the impact of real estate education campaigns.
Oakdale Long Island units on West Shore Road and Great South Bay near Oakdale station to be auctioned September 3 at 11 oclock under Bryan Lt Kennelly. Terms include 60 percent mortgage for three years at 4 percent. No title insurance charge. Oakdale touted as ideal living area with good year round roads and rising values anticipated.
William M. Greer of The Bronx based Title Guarantee and Trust Company says Bronx owners seek loans at 5 percent, though 5 percent is the Manhattan rate. He argues lenders unfamiliar with The Bronx miss a golden opportunity as Bronx rates run higher, and once lenders start there they gain confidence in Bronx real estate.
Hastings Homes Company reports the practical completion of all improvements in River View Manor. A complete sewage system high pressure water mains with fire hydrants gas mains and street lamps every 150 feet have been installed. Macadamized streets avenues roadways and cement sidewalks completed. Landscape gardening and tree and shrub setting remains.
Work began on surface improvements at Malba Whitestone Long Island including macadam streets and wide granolithic sidewalks. Plans filed for a lodge and superintendent’s office near Centre Drive, and architects for converting the manor into an inn. A fountain graces the house front as landscape gardeners prepare Beachside Park grounds before the inn opens. The inn will be run by a caterer for tract residents.
Four story dwelling at 338 West 71st Street sold by Pease and Elliman for Adelaide Lagasse. Three story dwelling at 853 West End Avenue sold by Albert B for Tech Realty Company to Bernard Crystal.
A Bayside hospital is planned with modern equipment and a tile concrete exterior. The Bayside Infirmary Company will be formed next week with a ground site on Broadway overlooking Little Neck Bay. The facility will include X ray and pathology labs, a competent pathologist, and an ambulance service. Occupancy expected by May 1 next year with care at moderate prices and physician access to laboratories.
Seth Rogers Abrams urges the Newark Real Estate Board of Brokers to tunnel Broad Street to separate east west street traffic from north south subway routes. He argues a 3 percent capacity gain and extending the subway toward Military Park would link trolley and steam or electric systems, aiding growth and rapid transit access.
The Real Estate Record reports Brooklyn markets widening with large Long Island deals. Brighton Beach racetrack rumored sold to developers for subdivision. local employment impact noted. Mortgage rates ease to 5 percent due to stronger applications, boosting suburban purchases and villa plots.
In a city brokerage roundup C B Walker sells No 13 West 38th Street a four story dwelling on 18.9 by 98.9 feet for possible conversion to business use. David Stewart handles the Flur Construction plot 100 by 110 feet near Broadway for Degenhardt Construction to build two high class apartment houses. Other transfers include Louis Meyer Realty buying No 147 East 51st Street a five story flat, Du Bois Taylor selling for executor John E Eustis a Hamilton Terrace brownstone, O Reilly Victor O'Brien selling the Fairholm six story elevator building near 121st Street, Hyman Friedman selling No 229 East 121st Street, and Robert Gans selling No 2024 Morris Avenue three two family houses to August Balshan.
Edward B. Boynton of the American Real Estate Company notes bungalows are gaining appeal beyond summer use. He cites California styles and mentions a bungalow colony under construction in Park Hill near the Hudson, with many units already spoken for.
The McKnight Realty Company lists sales across Bayside Flushing Whitestone Vista Lawn Cedarhurst North New York avenues Jamaica and Ocean Point, including plots on Odell Elmwood Stewart 15th 6th 5th Willets Bowne Globe Brown and Ocean Point streets to buyers such as A C Topping M C Neal J M Baines S R Mackenzie T G Denville William Mason J N Atkins H S Bronson S T Davis Clare Allison Arthur Stedman C R Wissner George Olden and others.
A desirable building site on Monmouth Drive Deal Beach New Jersey within 600 feet of the Deal Casino will be sold on Tuesday by Bryan L Kennelly The area has electric lights gas water and sewerage systems and is accessible by the Pennsylvania and Central Railroad of New Jersey or by the Sandy Hook Line beats.
A. V. Porter for Adrian Joline and Douglas Robinson receivers files plans to replace the iron and glass roof of the Metropolitan Street Railway carhouse and garage at Eighth Ave and 49th St for $5,000. The Renton Moore Co sells for Mary E Fogarty occupancy No 327 West 149th St a brownstone on a 16.6 by 99.11 ft plot. Charles Horning buys No 38 and Paul Miklowitz buys No 4 West 117th St. E N Wendell & Co lease for Arthur Bris bane the basement store at No 3 West 38th St. Barnett & Co lease for H L Cohen the three story and basement brownstone No 231 West 121st St to Mrs Rabe. Dr Daniel J Donovan takes three story dwelling No 46 Hast 1th St.
The Bureau of Municipal Research and the Greater New York Taxpayers Conference urge newspapers to list contributions to a so called 13-cent fund. They note a 12.98 cent tax rate rise and an increased assessment with calls for efficiency tests while stressing that taxpayers should gauge how much their taxes support the 13-cent increase for the city. The fund totals 13.5 million dollars, larger than the Russell Sage Foundation's principal and many times the General Education Board's annual income, prompting surprise at individual liberality.
Listings for Tuesday to Friday sale in the Real Estate Exchange Salesroom include multiple parcels under foreclosing actions. Notable properties cover addresses on 13th Street 7th Avenue Amsterdam Avenue and Katonah Avenue with various acreages, improvements, and mortgage liens.
Plans filed for installing stores in a three story and basement dwelling at 18th Street for new owners J. and J. W. Stolts and for enlarging a five story house at 16th Street for Robert E. Cheseborough. Charles Patterson and Augustus N. Allen are the architects.
Market summaries from Union Stock Yards Pittsburg Chicago Buffalo Kansas City and Cincinnati show light cattle and sheep supplies with steady to slow trading. Beefs and hogs vary by city with primes around 6.50 to 6.70 for hogs and cattle receipts near steady. Lambs and yearlings quoted in the 3.75 to 6.25 range in places, while western and southern cattle show broader pricing.
Liverpool market roundup shows wheat and flour steady with winter patents and American futures at mixed levels. Cattle and pork markets remain firm while cheese and seed oils hold price levels. turbentine and petroleum silent with spot activity subdued.
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