New-York tribune., 1896-11-02
REAL ESTATE.
BUSINESS IN THE FIELD.

hod, ,non ,hc details of the proposed underground
route for the railroad In Elm-st. Lafayette IaSe'
Fourth-ave Forty-second-s'.. Broadway ana 'he
Roulevard to spuyton Duyvi. A. b. Boardman'
of Tracy Rcardman & Platt. counsci ior the H"'
stree, Improvement Commission. Informed the
writer last Thursday that the report OF the 'o"'
exrcrts on real estate valuations IN ana auJ''e".
to the proposed Elm-st. was being printed anu
that copies Of Il would be sent WITHIN IL" "'
70 the property-owners Interested. so that tney
could shortly appear before the Elm street IN,
provement Commission for nearing upon ""a' ,
awords The Commission. Mr. Boardman saiu'
would begin the hearings before many uays nv
Tlnl-st Improvement plans. SAID ne, "h' H''
the moment that the printed copies OF the ''ro'''
are in nv hands be pushed vigorously IL Is ou,
,.,,o, 90 ,ut the proicct through vigorously and
ra,idl,. Tho work OF demolition or the con-
domnod buildings will he begun on May J. uhue'-
stand ,hat the Rapid Transit Commission "eS'i'H
TO begin its underground road at the same .'"e'
Mr. Parsons stated the same day that nc was
uoaa 20 make his report. While unwilling to
,,, y, details he admitted that his work had pee'i
upon the basis OF the general plans ou'hne' ~
U.,,I,s n, stcioway In The Tribune All tfis means
that the clements underlying the Huesuoi' Oh ,e'''
ronid transit for this city are forminG 'hc'"a''
ir to a crystallization which means pusihcss III w
n. o,e of Tho word Real estate men are
fairly hodin, their breath, waiting lot what '''s
call news too good to be true. the uh"ers'ounu
,rit transit question has brought TO Inc lore
.,,tir = week q new factor in the hed. fTedeficN
T. Esler lie is member OF tho Me''opoIl'''
Club at Fifth-ave. and Sixteth-st, ana mas o''''
in the Mills Building. lie Is lawyer an" d man MAJ
~ urool,h What Is mere he can command ihi'-
tons of capltal Mr. Eslcr. on October as''
,hroueb the signature of Mayor Strong 10 the
Az, ,rmcn's resolution granting tho franhise AT tne
Ncw-york end TO the New-York ana brooh'!"
Railroad Company obtained the right so 'ar a.
tho local authorities I'm this city were cohce'"c" "
n
Myrtle-ave. and Fulton-st. Brooklyn. to TIE union
-. p1u.av and Ann-st this city. the precise
noi,, IN which the ground railroad planned
hy the Rapid Transit Commission Is to run from
Duane-si down in order to secure s"l'cHi's 'o
Cor trains. ,,
Tho Railroad Committee OF the Board Oh A'oe'
" on Of brooklyn was prepared to make favofan'e
report on the application for the Esie' ir'no"'Se
last week but on the day set for the Common
,,ourcu to meet there was quorum present MI
E.ler however says that II Is only matter "'
short time when the franchise 10 bulld the ro''
Will be completed. He is already negotiating "'o''
the contract for cxcavatng the tunnel lie says
he will have the tracks laid In the tunnel by May
,sos the date fixed by william Stcinway Tor 'he
rrotahl. completion OF the Rapid Transit 'om-
missions road. The great puz:ie In the si'"' on
now is whether Mr.. Esler is the man VINO Is oacNe'
hv q u.uch-taiicd-of syndicate TO hid In the frfn-
,hisc of the road to be laid cut Ivy the Rapid Tr@n-
doc,e. to discuss the subject saying that be mas
oncurh on his hands with his railroad tunnel rFoJ-
cct at present
rropcriy-owncrs meanwhile are taking de"pcr
and dccocr interest IN the situation m" As'oiS
and The ,;oclo;s ihrouch their real estate repre-
scnta:iycs have declared uncquvocally Tor IN"
FIm-st route All brooklyn wants the proposed
East River tunnel railroad. The Nandorb.lts favor
the Eim-sf route. 80 says competent 'u'"o''N'
Not an opponent among property along the
propoged route has been found or even heard oi.
according TO William stcnway. thus obviailng amy
need OF going to the supreme Court for Il 'peciai
commission Tho Rapid Trausl; Commission. Mr..
Stclnway lays stress upon th" fact. is authorizes
10 issue bonds of tie S55CJ.c go alic"ed nj once
10 begin the road as soon as proprTty-owners AMI
the local authorities consent 10 the proposed route
This question II seems likely, viii be submitted
70 them within few weeks. All this means q
great crystallization OF the forces tending TO
genuine rapid transit for this city.
G. C. Bcaman says he has heard nothing recently
Of the plans OF the Metropolitan Traction Company
TO parallel the FOriy-sccond-st Enc or the Ihird
Avenue Railroad Company with lines through Forty
third and Foriy-fourth SITS. between the Grand
Central Station and Broadway. Theodore = Have
never who IL the owner Of the Dcmonico
building and plot a the northeas, corner OF Forty
fourtn-st and Flfih-ave. says that. while he has
Necessary 70 complete the majority to give the
Metropolitan Traction Company what II wantrl
pressed tie Wow that ihc more people 'hSre w'rc
pass!nE through H. TIA me ne, ,sp nSn,.r IL
said that the proposed road would niufe IN" ne"
bonoir IT, since the place would be made all the
more accessible thereby
D. Plocnix lngraham & Co will hold big sale
in supreme Court partition prooeedings in lss
vacani lots belonging 10 N" estate Of Susan j.
Ward q, the Ncv-York Real Estate Saiesroom on
Noyemlcr - ncxt The property Is =; Fort Wash
ns,en Heights bsi~een ,So
Kingshrdgc Road. on Fort Washington ave. on
Boulevard Lafayette ana ON tae iuh,on ,, hvnr ou
at the Ncw-York Real Estate saesroom are the
"Wednesday William Kennedy will sell In fore
closure NO ls2 to lej Second-ave near East Tenth
school land ssx2jxi2xs4 sxlNxl0os amour, due.
about ss6.5co. This Is the Baptist Tabernacle prop
Peter F. Meyer& co. will sell 40: - East one.
near f,,haye q, 10, ive-s'ory
Philip a. smyth will sell In Dunscomb-ave.. near
Elliott-aye vacant land. l'xlOx9'sxl5o; amount
Frank Yoran will sell in West Chester lots Nos
due sis Forcciosure sale Of mechanics lien on
right. title and interest.
nF parS r %a ie No 81 T ST hs oS%
West Onc-hundrcd-and nd -twenteth-si.. three-story
foPeclofSre s"e 30 sss Ws., " %ne &
d~cns lot Gae
sl7.39i: foreclosure sale.
rhcSnS , ng"ham m 1 Wos, CO.. VIII sell in fore
Elcventh-ave.. one and two story brick and frame
dwellings. stoncyafn. etc, lana lZJxlr1.o amount
due. s27.SGs. Also No rt Fftysevcnth;st.. near
First-ave.. threc-s;Ory stonc-front dwelling. lot
sIxlO55xl32xlo36: action for dover sale
Richard V. Harnett co. will sell No 3q7 Third
ave. Fast Onc-hundred- -cighth-st.,
three-story stonc-fr building. with Store lot 25x
100; amount due. sl2 900; foreclosure sale.
William NJ Ryan viii sell in foreclosure No lG
West Seventy-nlhth-st. near AmserdaII-avc.. i've
story brick GuIIne lot hxiol9; amount due s,s
sevcnth-st near Lenox-ave. nvc-story stonc-front
Nat. unfinished. land aoxs9i; amount due. S.557;
prior mortgage $4,000.
l.. J. Phillips & Co. will sell In foreclosure No
3H Thlrd-avc near Onc-hundred n and-sixiy- ninth
St. onc-story frame building OF lot a5x,ci7:
amount due. 2.li3.
Friday Bryan l.. Kennedy will Offer In foreclosure
No l.sil TO s55 First-avc.. whole front from Nine
ty-nfth to Ninety y-sixth-st eight nve-story brick
tenrments with vacant lots rear fronting On
both streets land 2Ol.ixl+o: amount due Sll s9I
r. V. Harnctt & Co. VIII offer property I'm Gen.
tral Park West southwest corner Of Onc-hundred-