New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-10-22
REAL ESTATE TAKES A JUMP
THE EIM.sT. UNDERGROUND ROAD PROF..
EcT EFFECTS PROPERTY
LIVELY BIDDING AND ZIG PRICES FOR PARcEL@
SOLD ALONG THE PROPOSED RoUTE-MR
PARsoNs's PLAN MAY BE con-
SIDEREp TO-DAY.

sIDEREp TO-DAY.
The far-reaching Importance OF the announcements
made exclusively in The Tribune OF the RAPID iran.
sit Commissions determination to report IN taVor OF
the Elm ST. route through Lafayette Place ana
Fourth-ave to Forty-second-st.. and thence TO ana
I'm Rroadway the Boulevard ard Eleventh-ave 10
Kingsbridge has dawncd upon the property-o"hers
along the entire Many persons favor the ne"
route because OF the already stated IN fhe
Tribune by Mr. Stenway. The agents OF DIG estates
have made haste confer with their principals as u
the situation. AT the New-fork Real Estate oae'
roo,u Yesterday there was a rush OF bidders at inc
phips sale OF the score and more OF parces vi .n0
plmck estate. The news in The Tribune e'no'o'ea :"
NJ Steiuway's statement that the Elin-s' opening
and the execution of the plans for the Eln-st UNDER
Ground route would be begun simultaneously next
,rg caused brokers ard buyers to flock 10 the sa'e
Tbs broadway and Boulevard parcels along ths
proposed underground route above for'y-ssconu,sI
brought out lively bidding small p'o'' Io'isNi'N
25xl2Ss. feet on the west side OF Broadwa'. oe~" @
rYrtvsecond and Flftythird SITS. was sold for si'''
-, ,.o n souare foot Sales have been so scarce
I, tho, mart OF Broadway In recent years tiat 'ee'
estate men said 1t was hard 10 tell what the pre'a"
ING rate had BEEN but 1t was put py the'h a' auo'
60, a SQUARE foot. This sale was an advance ."e"'
of 60 per cent. Nos. 2S ana vi bouleNilu :"
,,or win No 2l7 TO 227 West Seven'y-tou.'n-s'.'
.. ,Io went for sl7,25O or some s2o,oW mors
,na, rho nrce az which several good judges hau es
oil ,he property before the news OF tEe p'a" "
,h Underground road had been puolishea'
. significant purchase was that maze os , Nna'e
- ss ~ ,he vacant land al the southeast
O." -" =, Tho boulevard and Ninety-third-s''' 'o'
90 aw,,, ,,xa6 5xl544 for si22jo. Mr. PEABODY repr
,, wr,m Waldorf Astor IN real estate ""''e's'
rh Astors own the property AZ the ho''ne's, s
=, ror,vsecond-st. and Broadway ana aso .ne "ss.
"a, ., onS Acre Square. between fory-'n'o anu
SUI va or,h sts Mr. Peabody said yesterday thas
,roround route as laid out by the hap'd irai''
' -r,iss,oners was OF great Importance III "s
,.,,,. upon real estate values III p'o"""" "
p.. s.cond-st. and in the boulevard ho"s ',ois
souare. he declared. would ere 'nans , s'ns,.~s
ssaa become a great centre OF spieh''u ounu'ns,. rs
passe"' SSl,. ,oreshadows the Astor policy In this
This probably
square. A.. parre,, uouse property at
Hooe .,,,s, and Amos +. Emo Is the owner OF the
.s,,sd triangle bounded by Forty-seconn ano
ror,vthrd SITS. and Broadway ana se.en''-a' s
ar,a,ives Of both Mr.. Goelet and Mr. Emo were
s, IN their statements yesterday that the pre-
up, Ito would have great and immediate ehect
p ,oon values. II the plans should be carried out -
announced by Mr. stein%sy So has broad and compre-
henVe OF the rsa estate state sna BY Mr.
senSay tire e, Is the only s Rassssl ssss
and proper have from h the e hes wdenns -" Of Em
Walk M s. s gSas4s Il brsss s:!
% the city Passengers By the NewYoTs bvy CsntIs S1
raw oa the new route Broadway at Long Acre
nSnt between Fortyseconds and Union SQUARE or
u tnsy ~ The underground road City Ha. Square or
get off at point in lower EonrIh'avs n n, L,.ays.s
.n,,,a and a haN al the most to Broadway
The opening Of this route means complete trans.
forma;ion OF the city between Elm-st. ana the
Powsry II means fine new buildings there In place
~ old structures II means shifting OF tramo
largely from Broadway. IL means great Increase
in real estate values In that whole district around
Z. EIm-s; II is TO be hoped that the Rapid Transit
on this route
n there is quorum at tc-days meeting of the RAPID
Transit Commission. Chief Engineer Parsons's plan
for the underground road under Em-st VIII ne con.
sidered The Commissioners may also elect ex-Mayoe
Hewitt as Seth Lows successor In the Board