New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-29
REAL ESTATE.
BUSINESS IN THE FIELD.

Although superficial indication pointed 4. ~.
typicai summer dulness in real estate last 49,
there were many signs Of a healthful condiuon !.
the market. with marked hopeful prospect, -.
activity OF q gratifying nature in the fall ="
Aside from positive announcements NJ ,s
clusion Of one large deal and the private 81, wa
large number Of pieces OF property OF ~.
nature. one large transaction barely escaped ~.
brought to head. and It's projectors declare 10y!
It cannot hang fire" more than a few days Io.. s
at the best. e1
This Is the sale OF tho st. James Ho,e, nro-.-.
to Philadelphia syndicate. The property hsS.V
to the estate Of Paul Spoford. Everett, p ur..s'
IS the legal representative OF the heirs u. "
presses confidence that the sale will be 49,.
within a few days. The leases Of a sect,o, :, W,
property and the acquisition OF a blot for a. wv
tension to Twenty -ffth-st. have about h..r V"
ranged for The plan Of the syndicate ia ~ ~
a huge hotel. towering high into the air wh,ca 'sn
be a model OF modern hotel architecture ana A
pointments ~
The opening OF the Metropolitan Hotel ~, .
Coleman House. which has been renovated 49,.
and put through a general process to maL. :.
modern in appointments adds to the hotel nt.,...
in this part OF Broadway. J. H. Fife ia rho ~
proprietor. He was not long ago proprs,or -, ~.
Union Square Hotel. The hotel property Is lsasA'
from Charles Thorley, the florist, and Others tor :
term OF ten years a, $4,000 year. Mr. Thorley ha.
d long lease OF the property
IL Is understood that the Western Electric Gam,
pany Will expend 100000 in the erection a, g..
proposed building for its own use at Bethun.
and West SITS. The building vi. be Of stone tern.
Gotta and light-coiored brick. There Is TO bs
large court in the OF IT, AS all the leases ON
the property plot 2S5 by l42 feet nave not YET an
pred, the construction will be in sections
The award OF the contract By the Third Ayenu.
Railroad Company to Isaac A. Hopper FOR the con.
struction OF the cOmpanys new buildings and pierx
between Two-hundred- "a nd * teenth and rwo-hun
dred-and- twentieth sts on the Harlem River has
stimulated the interest Of real estate and prop
erty-owners In Upper West Side holdings. Tau
construction - in connection with the building Of
the Third Avenue Railroad Company's surface line
from st. NschOas-ave. and One-nundred nd. SKY.
second-st. 10 KlngsDrdge. stone ana brick power.
mouse, 100 feet square boiler house OF the sumo
dimensions and carhouse, 200 by lvc feet, consu.
tute the main features OF the pant The pea
and cdrhOuse are 10 be begun Immediately Ths
oflcers express the nope tina. De run.
n.nB Witnln year.
rroperty-owi,rs IN the Twenty-third and Twenty.
fourth wards are mucn pleased dt the e..
animation or the Manhattan halfway Company
structure at Third ana second ayes ana one.
hundred TWEEN y-ninth-st., which MADE
ON SATURDAY under the personal supervision Of,
Michael klcKard. one or the State Railroad Com
mi5sIoners. me purpose 10 see II the raYit e
at these points are sucn mat the Manhattan man.
aSement can carry out the law requiring the con-
tnuous running OF trains from beiow the Harlem
into the transHarlem district The Manhattan
people have given various excuses FOR not comply.
ing with the law The exam nation was made ,,nxdss,
a provision introduced into the last Legislature by
Asscmhlyman Arthur &. Butts. kepre- a,ives ~
the Manhattan company expressed the view Thai A.
the completion Of the new Thlrd-aye bridge and ,is
| approaches would enable them 10 make the desrei
change. Ii Is understood that the Railroad Com.
missiOners VIII be expeditions making their re.
port Real estate men lay much stress on this con.
tnuous running OF elevated trains as a factor ia
promoting the welfare OF the Annexed District
Sales OF property outlying districts continue
favorable. All the lots offered by James /. Wells
at Mount Hope last week were sold at prices
Philip A smyth VIII continue his sales Of seasd.
lois on Long Island next Saturday when he viii
OFFER on the site III lots az Edgemore between
Arverne and Wave Crest
Despite the iuiness OF The season there Is an ex.
ceent showing FOR auction sales this week VIII.
tam VI. Ryan VIII offer to-day. AZ the ew-York
East Observation-Disclosures nth-st. Peter F Meyer
& CO. will put UP tomorrow the Chelsea houses. IN
Fast Twenty -second,s' IN partition sale wh..e E.
mill and factory property In Thirty -hfth-st. near
Tenth-ave.; at executors sale on Wednesday
James l.. Wells Will placA AZ auction al ne same
place the property IN East One-huntred md forty
the Real Estate Exchange. tenenlenthouse prop
er,y in Br9ome-st. and hathouse IN Leroy,st
James W Taylor has sold NJ ~ West One-hun-
dre,l-and- thrl-st ihree-story dwelling on private
terms
l.7.2 to i7i5 second-ave. have been sold TO VIII.
lam Holbe!n. and NJ. l.lSs - Angus, Ganzenmuier
seven,h-st'' near seventh-ave
s De Walltearss & g. for J. X. Lockman
trustee. have sold No - Woosier-st, tnree-sory
building 20 F. and : kempner
Nos i55 and l57 East seyenty-sixih-st; be,onsns
70 the Henry Kitte estate have been s1t 20 persons
said to represent the Church q s.. Jean Bapuse
which has properly adjoining.
The price obtained by George F Miller tor tns
fv..-sory "a thosa the northeast corner OF one
hund Roland hrty-irst-st and Madison-ave Is an
nouncN,l "a $40 ~, A.,
No 2i0i Mai,Son-ave.. A three-story evening mas
been sold by John Z, S.mons fOr some N-ON
C. Brinley has had plans prepared 'or nlne-
story store a-d loft building AZ the northeast corner
OF Greene and Psecker SIS. story nui.Gng OF
the ca me character will be erected by y K Parkd
az Nos * and a. F-ont-st. Mae Hart ana M,on
Fuerst will expend 10000 on 4 six-siory ouhdhs
for IKE purposes a. No. ~ White-st.
The number Of now buildings proiec'el ,or 'ne M.
six months Of this year. ending Sailrlay ,asL y
lq2q the estimated cost being $50 ~, ror VIC
corresponding period last year the huiidirgs nun
here- asa and the estimated COS. was s'.',y;t.
The mort FOR this period f,r ~ ,,,,,s
1-e against $50 for that time IN l>4 ne mos US
being resnectivey $40 oas IN and s22 " ~ on
number % convcvar>es FOR tho SIX months - 80
FOR this vear nd 7.4N5 for 1906 the amounts '''o'N
bc'-g os0 ron nd col 54S 200 -esneHfVev