The 77-year-old Bond building on the southwest corner of New York Avenue and 14th Street NW and a connected structure that formerly housed the Lacaze Gardner business school were sold recently for $2 million to MB Associates by the Jonathan Grossman family. The transaction triggered memories of the late James Salkeld, the flamboyant, super-salesman who was with Shannon & Luchs. Salkeld negotiated sales of the Bond building eight times into 1965, when it was sold to Mrs. Grossman, who then headed the Temple School. Other owners over the years included restaurant executive Ulysses (Blackie) Augur and realty professional Nick Basiliko. Earlier it was owned by the Metropolitan Museum of Fine Arts, to which it was bequeathed by the late Frank Munsey, a publisher who developed the building in 1901. The ornate, seven-story Bond building, now shabby and somewhat vacant, is expected to be razed by MB Associates (headed by builder-developer Morton Bender) to make way for a new office building. Ground under the Bond is owned by Massachusetts Mutual Life Insurance Co.
Leasing specialist Duke Brannock said this week that the Carter-Mondale Presidential Committee, the recently constituted re-election group, has occupied all 5,200 square feet in the three-story building at 816 Connecticut Ave. NW. It recently was purchased by local advertising executive Elliot Denniberg. The CMPC lease is for $14 a square foot for one year with an option to renew for one year.
Long-term deliquency rates on mortgages on single-family houses declined slightly in the last quarter of 1978, according to a national survey by the Mortgage Bankers Association. A spokesman added that all major loans types -- VA, FHA and conventional -- reflected the upbeat general trend. A mortgage overdue 90 days or more is classified as a long-term delinquency.
The Manufactured Housing Institute, an Arlington-based trade association, estimates that 10 million Americans now live in mobile homes, an increase of 2 million since 1976. The 1976 housing survey by the Census Bureau showed 3.6 occupied mobile homes across the nation. Eighty-two percent of them are owner-occupied. Modular/mobile dwellings, which seldom are moved after being built and delivered, average about 50 percent of the price of conventionally built houses. Sen. William Proxmire (D-Wis.) recently told an MHI group in Minnesota that their products offer the best opportunity for low-moderate income persons to become home owners.
In the Eastport section of Annapolis, where residential redevelopment has been gathering momentum for several years, developer Jerome J. Parks has sold 22 of his 42 Chesapeake Landing condominium town houses, which face the Severn River. Units have two, three and four bedroms and are priced from $165,000.
Developer-investor Jon Gerstenfeld recently sold a small apartment building at 1525 Q St. NW for $550,000 to Carlton W. Washington.
An apartment hotel at 1440 Rhode Island Ave. NW was sold recently for $415,000 by the Hawthorne Corp. to MWP Limited Partnership.