New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-20
REAL ESTATE.
THE REPORTED SALE OF PARAN STEVENS
ESTATE PROPERTY.
JEREMIAH G. 1.yoys.s PURCHASE FOR IMPROVE
MENT OF A PARK-Av CoRNER-As
rn trIctt rf.I1.DfSCs

JEREMIAH c. LYONs's PURCHASE FOR IMPho|T
MENr OF PARK-AvE coRNER-As
TO HIGH BUILDINGS.
The real estate market was decidedly active yes
terday There were numerous sales; which incud-
ed handsome private dwellings on the West side
and the purchase by investor OF property IN
Park-ave. which he will Improve by the erec"o"
of an apartment-house and private dweI'nsS'
There only one sale Of Importance AZ the auc-
ton rooms.
rumor was current In real estate circles yes
terday TO the effect that syndicate had bought
the property belonging to the Paran Stevens estate
on the southeast corner OF Forty -fourtn-st ana
Fifth-ave The price Is said to be 100000. ami
1t Is the reported intention OF the buyers TO erect
fine hotel on the site.
This property. together with similar plot al
the southeast corner OF Thirty-seventf-st and
Fifh-ave. has been for many years the SUBJECT
of considerable questioning and wondering aH'o'B
Ncw-Yorkers who have any idea OF real es-
tate values Right in the heart OF the fashioh-
able hotel and residence section. these TWO nne
sites have for many years lain practically idie>
bringing only the small rental of the little one
story structures which stand upon them both
were part OF the estate of the late Paran ste
vens After his death. and while his WIDOW WAS
still alive. there were numerous eHorts 10 uisposo
Of the properties. but none OF these were ever COLI
summated because the executors OF the estate
and Mrs. Paran Stevens could never come to O., a
satisfactory agreement on the terms OF sale. Inc
Of Mrs John l.. Melcher daughter OF Paran Ste Ste
vens by his first wife; and Mrs vary f'SAe I'd"
John l.. Mecher could not be seen last evening al
his home. No. 80 West Twenty-frst-st HIS son
John s. Mclcher said that the Forty -fourt hist
property had not yet been sold. and that for opvi-
Gus reasons he could not divulge any negotiations
Mrs " Page lives in England Ex-Governor George
HoadIy who looks after her interests IN the ste
porter that Mr.. Melcher was conducting an nego
n ID ~ sSaFa s ihs Recently
trying buy the c 9d w s" one 70 OF get s
P and for was hotel ste million dollars is our
selling price said Mr.. Hoadly.
fcet having hall block front in Fifth,ave; from
the Foriy-fourth-s corner south TO the Temple
on the corner Is s sm" mea sad as
saloon. The announcement that the reported sa,e
less cause less surprise. With the s, new
Manhattan Just opened the Waldorf annex S snrs'
places under way at Forty fCurthst; and Flfth.
ave. need of another big hotel In that part OF the
town wa" real ' estate broker that Mr. Mcher had said
the e''' Forty fourth-st property were practically
ready for The signatures Of the PrinGipas Harrington
to Jeremiah G. Lyons. for $4,000 the valuable plot
o22Ncc. ut the southwes; corner OF Parkave ana
to begin extensive improvements in the spring ne
will erect seven-story $50 on ,ne
running back 80 feet in The street on the balance ice
of the plot fronting 81 feet in the street ana ,91
vate dwellings These Will be iye-story American
with Greers have snd sod for
Mr. Lyons TO an investor whose name n wi'hh n
Story Nor aah S s " on "a plot leox Mr. Lyons
bought the property about month ago ana !. II
advance it is possible that these two transactions
constitute deal. though this Is hardly likely
"A. ~ Moore has sold the three-story and Dase-
br Tone
on plot loS'Sx Dver TO
joseph e. iioasand has purchased 40. q West
lot 4oxlG s. S spr
the property some time ago and made extensive and
1 Raymond Hoasiond Mr. Hoaglands SON has pur
chased from Mrs Albert Young No 10 West Fifty
ssss x 20, Sbo df0ni 5 A%er''a"
At private contrac, John Davis has sold for B. a w
B. Smith to an investor the Two new single nat nat,
north of Eigh,y;ninth-st. for about sizSoT ,.,,
stern ana So 70 hs and SoHsei
St. plot 75xiOO. for about $4,000 The buildings on
three-story brick tenement-house, and was pur-
chased in foreclosure by the seller. In July, 1895 FOR
At the Broadway Real Estate Salesroom James l..
Wells sold in foreclosure In Eeventh-st. map OF
rwenty fourth Ward lot NO. 95s ixlc5 ,wo-story
frame dwelling; 70 William nsnbs for 8 81 -,
% East One hundrcd-and eleventh-st... three nve-
story brick and stone faihouscs on plot .sxooll to
Al a meeting OF real estate owners held at the
office Of jefferson NJ. Levy last Wednesday. TO
consider the question relating to the limit OF height
for high buildings and their general construction.
Robert A. Chesebrough made chairman. and
resolution passed authorizing the chairman TO
appoint committee OF twenty-five to take up and
consider the subject and suggest what legislation.
If any. should be had in this direction. Chairman
Chcsebrough announced yesterday the following
committee Steel construction. Edward Cooper and
Alfred II. Whitney; architects. Charles w. Clinton
George r.. Harding and Hugh Lamb: lawyers. j. T.
Davies and Frederic r.. Coudert Jr.; engineers. John
Bogart. II. r. Worthington and A. q. Mills build
ers W s. Harrison. Charles 7. Wells and Richard
Dceves real estate brokers. r. v Harnett, Charles
* Bill and r. NJ Montgomery; real estate owners
George Croker. John Jacob Aston. Walter Cutting
Charles r. Flint. William NJ. Brewer. James c.
Parrish. Daniel Appleton. Theodore Price, f. NJ
Know, jefferson NJ. Levy Robert GOelet. r. T.
Wilson and John -. Crimmins. meeting of the
committee will be held at the Downtown Assoca-
ton. No 90 Pinc-st. next Friday. at $3.50 y. 10
consider the subject.