New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-05-31
REAL ESTATE.
CONSIDERABLE ACTIVITY NOTED IN THE
MARKET.
IMPORTANT IMPROVEMENTS IN THE FIFTH lave.
pIsrR1cr-rHIs WEEKS OFFERINGS


IMPORTANT IMPROVEMENTS IN THE FIFTH-AVE'
pIsrRIcr-rHIs WEEKS OFFERINGS
AT AUCTION
The last week closed with more activity In the
real estate marke. than has been noted for several
weeks A large number Of small sales reported
involving dealings in almost every class OF prop
erty In both the lower and upper sections Of the
city. and. the In the previous week.
many Of the parcels were purchased for Improve
ment. Tho sale OF the greatest Importance was
thst made by Frederick Southack Co.. in which
the New-York Realty Company (Flake & Dowlins)
transferred TO Henry Corn Nos. 2os and 26O Fifth
50xl0O. for 100000 all cash. The property IN
GLIDING the four-story brownstone dwellings IN the
plot taken by the present sellers about three
weeks ago In exchange for No. 10 Maiden Lane
and No 50 Nassau-st. Mr.. Corn will tear down the
old buildings and erect in their place large hre-
proof office structure.
The constant changes which Fifth-ave Is unoer-
going in the transformation OF the lower sectioh'
especially from dwellings, TO 1igh-class business
structures. argue we'll for the future OF Fifth-aVe
properties from the point Of view OF the investor
Within the last few weeks Mr. Corn, who is one
of the most careful and successful operators IN
the market, has projected In Fifth-aVe between
Seventeenth and Tweny-ninth SITS. no less IMAM
three large new office buildings. These are the ne"
building at the southwest corner Of Twenty-second-
ST and Fifth-ave, already well under way, III WHICH
nearly all the Offices and lofts have been rented al
ready: an eightstory freproof structure OF brick
at the northeast corner OF Fifth-ave. ard Seven
teenth-st and the building proposed on the west
side Of the avenue between Twenty-eghtn ana
Twenty ninth SITS. already mentioned. In addi-
ton to these changes. several important improve
ments are now in progress further up the avenue
William NJ Newman. broker. No. 2G5 Broadway,
sold for +. L. Parker and others loo acres al Ma
maroneck Westminster County. part OF the Alton
Wood Park tract to the Kneipp Company whose
Offices are In the Gable Building. +. C. Charles Is
president and Ludwig Lehman is vice president.
The purchase price was $4,000. The company pro-
poses to make immediate Improvements on this
| property which will cost about 100000 They will
| include sani;arium and necessary buildings.
SAFES in this locality. well as in other parts or
town. notably on the West SHE and in the upper
sections. give ample indications Of much better
and more confident feeling on the part Of operators
both large and small. and already several cash
| buyers have appeared in the field with promises OF
| macy important improvements. There are certain
| y no signs Of inactivity among the builders.
! A long list OF vauabl. properties Is TO be offered
at auction H,is week. and some lively bidding Is In
| prospect. George r. Read will offer on Wednesday
piece OF business property which is choice IN
! every respect-the northeast corner OF Broadway
| and Maiden Lane.
To-day Rich & Pugh will sell at Waver!y Heights.
| near Tuckahoe the balance Of 297 building lots.
This Is the second and concluding days sale. James
L. Wells will eel on the premises to-day 100 lots on
| the Southern Boulevard. One-hundred- and-seven-
tieth-st Intervae-ave and adjoining streets In the
| Twenty-third Ward. This property is in we'll
| developed locality, with all improvements. To-day
at 1890 O'Clock William NJ Ryan Will offer on the
premises 175 lots high ground between West
| Farms and the New-York Catholic Protectory.
| Twenty fourth Ward. At the Broadway salesroom
| on Wednesday Bryan L. Kennedy will sell in parti-
ton 1913 lots in the Twentythird Ward. situated on
|
| forty-ninth-st, Longwoodave. Timpson Place, the
! proposed Craven-st, and Legget Whitlock and
| Lafayette
An interesting sale will be the corner properties
| offered by George r. Read Wednesday at the
Broadway salesroom. the southeast corner OF
Ninth-ave and Twentiehst.. and the southwest cor
ner of Eghth-ave. and Forty 'ninthst.
THIS WEEKS AUCTION SALES.
| Among the auction sales scheduled to take place
| this week at No III Broadway, unless otherwise
| specified the following:
Monday. May, 8l.-on the premises. at ! p. M, by
| James l.. Wells, public auction sale, 100 lots on
and adjacent TO the Southern Boulevard and One
"T Tuesday, June I|By Adrian H. Muller & Son.
foreclosure sale. George n. Messiter. referee. No:
of one hundred fourteenth-st 72x75 four four
story brick tenements with stores, and one-story
or orc iud RHss g. rear oil NOS Xxx anu ~
BY James L. Wells partition, %, sale John pSuer
One hundred-ands sixty frst-st. extending through
to union-ave, 52llx264.3, one and two-story frame
Ken2sy Ws, sale P1Te
Sxlc22, fOur-story brownstone front dwelling Due
BY William ~ Ryan, foreclosure sale. Gustaye
Drachman referee No 81 West , ne,hundred d,
Ams'e5dam l5sxgs1, bree-stOry brick dwell
| BY d. Phoenix Ingraham & Co, foreclosure sale.
Norman Mess TefsTee No; lId lbs SECOND fo1
story brick tenement. with stores Due OH judy
' Wedncsiay. June by George r. Read. ex:
corner mex Of anf and
corner Of Sinth-aTe and Twentiehsf. 2ssx55io
brick at osgths with 2SxS" aospn
Eighth.aye. and Forty-ninth-st. 125lOxl2S. with
By Bryan l.. Kennedy partition sale. Ernest C.
stedman. referee. 1913 lots on Southern boulevard.
near one hundred "a nd-f9rty -ninth-st Lonngwood
| Leggett. Whitlock and Lafayette ayes. Timpson
| Place and Crayen-st, proposed. .,,-
Ey william kenne wss s Sd s fat
north of Gouverneur Place, S7.sxlo2x;G6xlN. vacant.
ws% Is wae Sn sale Sesr
Ro1evard issx@Sll. si,hree-story brick dwelling.
enteenth-ave. east side, 100 feet north Of Benson
as Pan Ban eya RrSot G f sa Nc SIS
and $40 Courtlandt-ave.. east side, :? feet north
story i and basement brick ana fram: dwelling
No sos and two-story frame dwelling on No $40:
4
north of One hundred and fifty nnthst. Jo3sxoo,
two four-story brick double tenements- ,
BY Peter F. Meyer & Co, foreclosure sale. Rollln
NJ Morgan. referee. Onc-hundyed- and forty ninth
81 north side 2S34 feet east Of the Boulevard 16Sx
% il, three-story brick dwelling. Due on judg-
menr. $3.50 72 subject to another mortgage for
I $4,000 - x,- -,
By D. Phoenix Ingraham & Co. foreclosure sale.
Francis y Lowrey, referee, Nos. 225 and 22 East
Fortieth-st north side 2176 feet west Of Second
ave 376xeSo one and two story brick and frame
buildings Due judgment, 1856; subject to an
other mortgage for 5000. ~
BY Strong e. Ireland. foreclosure sale. clifford
" Uortridge referee, No ia East Fifty-eghth st.
south side 2S feet east Of Fourthave, three-story
brownstore-front dwelling. Due on judgment,
$685. ,,, c., 49,