New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-06-17
REAL ESTATE.
SEVERAL LARGE TRANSACTIONS CON
SUNMATED-FUTURE OF THIRTY
NINTH-ST. NEAR FTFTH-AVE.

The transactions IN the real estate market last
week reached proportions seldom equalled in this
city at this season OF the year, and. In fact, they
would have done credit to the efforts OF the brokers
at any time during the periods of more general
activity. The biggest surprise came IN the an
nouncement on Wednesday of the sale to a syn
dictate Of Chicago men OF the new twelve story
and loft structure at the southeast corner OF
Fourth-ave. and Nlneteenth-st known as the
Parker, which is now nelring completion. The
building will produce annual income at the
present schedule of rentals of more than 100000
and several tenants have already been secured on
leases running for several years The price paid
for the property said to be between I,7OOOO
and $3.50 900. John ". Parker, the present owner
Of the building bought the plot. 181x15O feet. in
August last paying for II about 100000. and has
pushed the building without loss of time to its
present state. bordering completion. and the
quick sale of the property at the figures given as
a good profit TO the seller
The new ten story ireproof loft and office build
ing at Nos. IS and 81 University Place. on the
southeast corner of Twelfth-st 46SxSOx irregular
was sold at 1926 900 by NJ. & L. Hess to client
for speculation. This property. as well as the
Fourth-ave parcel already referred to- is partially
rented The builder, however, was not so fortu-
nate in this transaction. there was considerable
delay in completing the building owing to lack OF
funds.
Plans were filed last week by Morgan & Sattery'
as architects for an apartment house, which for
elegance of construction light and abundance OF
room will eclipse anything in the way OF family
apartments the East Side above FIFTY
ninth-st The structure will be located on the
southeast corner of Madison-ave. and Sixty-irst-
st on a plot 1OO6x99 feet 1t will be ten stories
high and will have only two apartments on floor,
each being practically 50x100 feet The estimated
cost of the building is 100000.
The first break In the long Of stables lining
both the north and south sides Of Thirty -nnth-st
is soon to occur. Walter stabler, Of stabler &
Smith has purchased the two stables at Nos. and
II from Mrs ]. Coleman Drayton and Mrs Cora
Dillon Wyckof respectively, at $4,000 for both par
GELS and viii erect on the plot twelve story
apartment hotel of fireProof construction. The plot
is 50xsS9 feet For several years past uptown
brokers have made strenuous efforts to induce the
owners of property both sides of the street TO
put prices on their stables, which occupy, on the
block between Fifth and Madison ayes, several
hundred feet of the choicest sites for residences
in the entire city. But with the exception Of
the sale reported and that of No. 16 East Thirty
ninth-st. running through TO Thirty-eighth-
st. also recently reported sold. the owners have
positively and persstently refused to listen 10 any
offers whatsoever The schemes for the improve
ment of these stable plots have been compre-
hensve they have been numerous, involving the
expenditure of millions of dollars including the i'm
provements. which have been worked out on paper;
but far making a radical change in the char
acter of the neighborhood concerned these plans
have never advanced beyond the paper stage. Now
that apartment hotel is TO be built on the north
side of the street in the centre Of the block.
is WIS be to W6e onbe the he
ment contemplated is the only permanent i'm
o the until the rest of the stables or the
majority of them, can be torn down, the building
encourege future purchases for the building OF pri
in this street ought to be worth the price paid for
both Nos. and II.
years 10 come any syndicate such as the purchas-
ers Of the Roman Catholic Orphan Asylum plot
par a though
the prices which present owners could obtain would
cent of the original prices paid by them. The
owners in this block include the estate of ]. 5.
Cram, Samuel Sloan, George F. Baker and WILL
lam r. Dodge many OF whom have houses S In
stables The outcome of the present contemplated
Among the transactions the upper East Side
in the belt lining F1fth-ave., the sale of No. 16
reported This four story and basement brown
dweng n0oSe on plot x9 feet was ss sold
Several extensive improvements. as already noted
McKim. Mead & White are preparing the plans FOR
the l0o-foot house which Joseph Pulitzer will build
There has been considerable activity in the Bor-
ough Of The Bronx for the last few months. Under
Commissioner Haffen previous TO the consolidation
of the boroughs under the Greater New-York char
the owners of property in that section We're nrac l
ucally a unit in having streets graded and paved.
provements as tended TO enhance the value of
property and attract purchasers Were vigorously
provements of this nature have been practically at
been going rapidly on and the Character of the
building has changed radically and rapidly that
were considered fairly. good Investments, to-day
they are being superseded by brick buildings, and
are worth for purposes Of investment little If any
more than the ground on which they stand.
the firm Of 6 sdsnbeg t cor the term nf 05 B9
ing 5,k2o o. TO be erected by the Rhineander estate
Mercerst They were also the brokers' in the lease
70 heeshsr, Whitman & Co Of the entire building,
Broadway theaS 81
corner Of Bond-st. through 10 shinbone Alley,
the life IN the suit brought by
NJ friedman e ct al TO forecose mortgage the
Of Prince-st, has computed the amount due to be
An Interesting, sale of lots on Boulevard Lafay-
etc Fort orr, WashingonTaye and Broadway, in
held nv Richard Y Harnett e. 70 ~ 1 49, ne
way salesroom, No. Ill Broadway Wednesday,
THE RECORD OF SALES.
Mcvickar e. Co. have sold for w H Bloodgood
to a client the five story English basement dwell
ing house, 16sx9S9 No 112 East Thirty-ffth-st, on
privat terms.
R. O'Gorman has sold for Thomas o;Connor to J.
Barnitz the buildings on the west side Of GoId-st
81 feet north Of Tillary-st., Brooklyn for $500
Joseph Levy Son have sold for a client to A
Schlinsky the four story tenement house No 2O9
East One-hundred- and-flrst-st
The six story hathouse. 27x9Ox9911 No 524 West
Abram Hyatt has purchased for walter ". law
Cross River, Westchester County. The farms were
Ge 6G9@ ETE ssw MeT she eve 5aofP
ersoni also the Axel Berg farm and Mrs Henrietta
General Howard Carroll of Brooklyn. has pur-
two and one-half acres of the webb farm and four
o fe OF a DR. d e Baron in north
Improvement p H3ge at as country place.
liar; lanes LenoX banks has bought No. 43 West
house. on lot i6Gxi0O5 The owner Of record Is
John II. Gardner. of Sharon Springs. who bought
S2I,3Bt sold