New-York tribune., 1896-10-26
REAL ESTATE.
BUSINESS IN THE FIELD.

4
| le.hargy In hurry last week. This was bec,v..
! OF the Steinway announcement. made exclu,,v.,v q,
! The Tribune. ,ha; the Rapid Transit, Comm..,..
was abou: 10 declare its decision in favor n, ~,
| E.m-st underground route. that the project cou,s
! be executed within twelve months from the a..
spadeful OF earth on the work and that the cha,
/ would be only round s25.0o0OO0, not more ,h,"
ore-half the amount for which the city hs. h.
authorized by the Legislature TO bond itself r..
Tiers have secuted the idea that the road cou,A :.
bull. from the Brooklyn Bridge, up the new Em.,
: through lafayette Place. Fourh-ave.. Forty.s.n
! ond-st. to Broadway, and thence up Broadway ana
/ the Boulevard to Kingsbridge within a year. yoss
d. Crmmins. than whom there Is more comm.
tent authority in the city points 70 precisely N.
same kind OF work being done in Boston IN h.
great Subway Railroad being built by tha, .,,
under the supervision Of is Rapid Transit Commit.
sion. Mr.. Crimmins shows tina: K is equally possih,.
/ 10 do the same thing in NewYork. pointing ar,
however. that conservative Boston has gone qulelv
promptly and effectively TO work 10 beat New.yo,.
on; OF It's boots in a settlement OF the whole r.,,,
,ransi, problem. The railroad trench has been dns
/ and row lies open In the sacred bosom o, Bos,on,
common. But the trench IL being lined with a.
amel.ed white tiling; ii will be spanned BY i,o,
beams on which will lie arched ronwork on vh,,.
| In turn a stone or asphalt pavement, on concre,.
foundation will be laid. The same thing can be don.
| in the E!m-st. route The narrowes, part ~ "a.
route will be in the Elm-st - feet wide ).
| Great Jones-s TheLce. as Mr.. SeInway points an,
The streets OF the proposed route are nowhere ls..
! ;han 100 feet wide, while In Lafayette Place sx
! tended 10 Great Jones-st. and In Fourih-ave "a
ieet IN Fory-seconds, 100 feet in Broadway ,s.nss @
70 Ff;y-nin! hist, 100 feet in The Bouevard and 10
! 10 the Harlem River, ihe eastern branch route
Even 2O0O men. Mr.. sielnway says can be b'Is ua;
The work will be simple-merely excavating Inins
and roofing the trench There i no complication
The predecessor Of New-York in showing the nov nov
TO so!ve the rapid transit problem. The combined
its length from the surface in Boston sSso exceO
in Fourth-aye. under the 'nnnel & between Thirty.
selling s5OOW0 in bonds the financial end d o,0' "
vided for. As for beams and other iron and ses
work necesssary s Mr.. Sie,n~ay points out that this
being done. Trafflc will no. be disturbed s in ,hs -
process since the streets will be opened only one
/ ralf a. time. If necessary, the streets couN X.
bridged and surface cars could over them man
while. but Mr.. Stenway shows that this will moi b.
No importan. property-owner has yet been found
10 oppose the proposed route The Astors. OF the
Astor. announced by their real estate represen.
tatves, favor the Em-st. route not only since its
adoption will settle forever any and all talk OF An
invasion VI lower Broadway by underground or
( elevated road, but since new Broadway will be
created thereby: while real estate values through.
st. up will at once feel the impetus Of the grea,
Improvement Em,r proPsriyowns,s are en-.
10 ther, from the Elm-st route. Lafayette Place
hon sssd TsDsa By Ss Ds
Square and Twenty-th!rd-si.. due to the fine new
bull lings put up from Twentieth TO Twenty-;hird
St. will pe accelerated by this means. The Astors
own a vhole front from Twentieth TO Twenty.
first s;.. side The Madison Square Garden
, ave The Park Avenue Hotel and the old Wander.
bilt property used for Fourth-ave car stables. will
! pc electrified into greater value. And so on 10
tIf,h-ave ana Forty-second-s,.. where as Mr
Steinway says. large station is TO be placed with
ve.' ave. and east St. and west in Forty.second-st NJ
Wetherbee. Of the new Manhattan Hotel. expresses
ly deign' d are Joseph Mbank. who is erecting
the .all store Office and studio building on the Oh
Holy Trini y Church site; sherry and peinonics
and the respective owners OF their new sites end
Theodore A. Hsyemeysr: all the big cups s.. u
and Syth aves. headed by the Association Of the
Bar the County Medical Society ana tne CentuT
Rsnaissan"e. The Paran stevens estate. which
owns the plot l,5 by g0 feet az me soItneast oSa.
ner OF Ffhave and Forty oeiMcsn .sos: ,Ss
club which may now take the Stevens site tor 10
clubhouse. or some spo' near me me nnsr Sss
side and the side o. the city VII, ne orousas
in touch "a: iris junction by means o me ,s ~.
Union League club az Thirty-ninth-st and FIN.
ave- viii s be only lSch wi he a. upper ST West
the city and all the stations Of the New'io'k |en
For,S.second-s,. as pointed ou, by Henry B. Ely,
| Ioln Jacob As,or's real estate representative VIII
he pu, in touch with Brooklyn at one end .! Vs aWn
minutes ride from the Brooklyn Fridge. sna pan '
b Snuvten Duyvil and the New-iork central nsn.
road =: tha, point at the othrr '," p.bnev ne r.
representing William Waldorf Astor and oy 1scsi I
Uammersiein cwner OF Olympia, po'h shre" aa,,s
/ ,or nnc hot is theatres and hgh-class amusemenss
/ places Tn. As;Ors own tn" wnoir VS. .nns,,y @
Long Acrr sSaaTe corner aro at Forty secOnd and
Broadway Plans are already under COZ .ssss nlo,s
Tor g.eat Improvements to be mace ." ''''' Wv
John D. Crmmlns as already quoted IN ihe nv ..s.
une has declared that tn, rou'' PR rroposei new
railroad tunnel from pSin' between t,',n q. Broadxsy
Plaza ard It's Gy H ADS 70 sns slmouf 10 the
c,nt outlook OF possibilities pc, ws plbIIshed-
I,sIres To- extend It's route from ine Brltgs = io"s
Of Wlam-st. 10 Wall-st and me- tnr - me STOCK
E~rhamge the Produce Exchange and ne ID De.is s.s,
as stated last week to the writer by "S" A. Ann
NAY n4 w Th N "end e3 w:n %an' ,hs %ewyor ana BrOoI:
Railroad company's tunnel an acc ',cS"rrr T,S,ne y,
h wnole real estate guild OF the city ~ n
set agog py this lire OF news is no srs sbey eoua
rrs .S,a'e ssIire her senses Younger heads dss'
stop to shake. but SCI oui in me pulr. a. a., ~ Al
ana ana ops'o's bs her rlms june ion sa, s a
ssd s ne , would wal; for the Municipal Bg.ars on
I inc Greater Now-York 10 grow ny
his site II so. he wins ont m1ilohdr. 10 held tbs
/ Among the auction sales anh9u.o,a ., S,iesroom ars
I week the New-nork iSedi r'1'''
the following ., g % vill sell. ID
To-day u. Phoenix lngraham q % ,mma.six,ieth.
foreclosure No. 422 West one huno ,, hrick dWsL
! ing lot lsxl0O amount due ~ 4'i' ~, au in psrt|
! Tomorrow william Kennedy VIII - s md IN cor
INN No 1913 to l39 Sixth-ave corner Q. % seven
junction With No lOl to Ill West Iensn,s., s,,ss, win
three-sory brick and frame .snsH,'Is zen, Hr,Is " Nos ~
and 2cy East Ninth-sr near Third,as i,ars. land sM
story brick ten 'ment- houses. WIN sar Iohn.s,,
e. ox,, ava II. No 80 Nassau-si. nsr 18th Sous.
sve-story brick store and office bnlda !, ilxioi sINs
story brick building rear. itH yf 49, seventh.
,o "a. M i5l West Fourteenth-st. on,m nemm q No III
ave- four-story brick dwelling IS o., Nn,h.s,..e
S,rnssory brick tenement house win
sxss No s sixtnaTs nou.e nsSr "sst sih
!! sxo txes. No I35 West Fourteenth-s,. 10.
enh:aye iours,o,,S siSns,rsni tone rFsnieenth.s rs,,
25xi033 Nos. 1856 and l%'s Mest =, dwellings. lana
Ssventh-ave two foursiorv hrcK n q" ,rsd- d-sy'
sxs Partays ,ms near ~, Eis' sxS Fisi
Observation-Disclosures through 10 East o,' s and tvo
and tWentY- thirdst.. near Sccohu,n a,c land 3s