New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-21
THE WEEK IN REALTY.
AMONG BROKERS OVER
THE RAPID TRANSIT SITUATION
BUSINESS N ALL LINES.

BUSINESS N ALL LINES.
In some respects the last week has been
rsarlahle one in the field OF realty. Not only has
.srre been large share Of satisfactory business
-epo-ted BY brokers with numerous items OF more
than ordinary Importance. but the final elimination
az the long wished for rapid transit arrangement
Is taken as a distinct boon realty interests The
awarding OF the contract for the construction OF
the underground railroad brings to reasonable
certainty the solution Of OF the problems that
have acted as a handicap on the enterprise OF
brokers' particularly those whose interests are IN
The outlying sections OF the city.
M HaTnett. the president OF the Real Estate Ex-
change. SAID that that organization had been
working for IL for eighteen years" and. Ike
other real estate men. he looks forward 70 the
Effect with unqualified optimism. 1t is predicted
that al increase in values Of 10 per cent may be
looked for along the line OF the road and in out
iying districts more than double that increase Is
expected Viewed conservatively there seems to
be no reason to doubt that those estimates are not
excessive The reduction OF the large exodus to
Jersey suburban residential sections likely 10 FOL
low may well be expected 10 result in demand
for property the island OF Manhattan, Whlcn
wiz have an uplifting effect its real estate IN
terests. Not all the good, however. VIII result al
once II seems not improbable that for time
property IN some sections may be deprecated as
a result Of a movement the part OF tenants
toward the parts OF the city. Il is too much
TO hope that the thicky populated tenement house
districts the East Side viii be thinned out any
es result Of rapid transit But II only an exceed
sngiy small part OF the population in those over
crowded parts OF the city shall be able TO take ao-
vantage Of more healthful locations in consequence
OF quick and cheap transit, distinct gain VIII
have been mace. A specific instance OF the i'm
movement In real estate conditions due TO rapid
transit Is already at hand In the sale reported
to-day OF No. l0s West Forty-second-st the broker
afrns that the negotiations successfully con-
ciuded a result OF the giving out OF the rapid
transit contract.
Among the transactions IN mercantile properties
may be mentioned the sales OF No. ss Duane-st
Nos ~ and 2sS West Broadway. No. 2M Wooster
ST. and the trade involving Nos "a and 20 Church
St Nos Ia and us Lfbe-ty-st. snd Nos 11s and
II Cedar-st In addition No. Is Broadway was
transferred 10 the owner Of adjoining property,
whose holding now includes the entire Broadway
frontage between the Bowling Green Building
and the corner OF Morris-st., on which stands the
Stevens House: also the reported requirement by
& builder with a building loan OF $4,000. OF the
southwest corner Of Broadway and WaIker-st-
One OF the most interesting items Of the week was
the reported trade IN which are said TO figure the
Nevada apartment house occupying the block
bounded by Broadway. Amsterdam-ave-, Sixty
ninth md Seventeen SITS. and the McCreery lots,
comprising the block front IN Fffth-ave. between
One-h1ndred- and-stxth and One hundred-and-sev-
enIh SITS: also five lots on the south side OF one
undred-snd-seyenth-st. 80 feet east Of the ave
rue and the plot 5OxlO0. at the south corner Of
Fifth-aVe- and Observation-Disclosures.
THE RECORD OF SALES.
The Barney-sheldon syndicate has sold a thirty
foot plot OF the Orphan Asylum property, located
On the north side Of FTfty-hrst-st- adjoining the
plot sold 10 Mr. Park The buyers name Is with
held The report that Henry Lane Emo Is the
buyer could not be confirmed
George A Bowman has sold for william T
Moore to a downtown banker The i've story brown
stone building. OF lot 2xIo-5 No LOB West Forty
second-st forty feet west OF sxth-ave-, for about
The Ernst M 57 a SoPany has sSS g S
77xz5xIeB IN acknowledgements az the
aorhw5t s9EnsT Of Broadway ana the northeast
Max Mar has sold, through Charles Griffith
the northeast corner of Sherman-aye- and Haw-
Al he northeast corner Of one nifty
stth-st and German Place l1xlS S5xse x
Queen the tive lots on the east SIDE 81 the Boaie-
sa-d . feet south OF
Mr. Marx Is also reported 10 have practically ally
closed deal for tas sa OF tirt'e 0sf ''S
George D Ward has purchased the four story fat
house 25xs0x1Oo, No. &c West One-hunored-ano-
Eixth-st for SIC 500
". P. Mangam mas sold for Mrs Co s7I to So6 a
Mr. shea the story double naIhouSe, zoxl024Vvt
Ne 30 East One-hundred- and eventeenth-st-
The two I've story fathouses. 26xssx1oo each Nos;
"a and I2G East Eiehtv-sixth-st-, for $4,000 and
zmI AIadison-ave- for $4,000.
1sr75 No. 10 ATIorne sy.ssi -
Henry Marks has sold for ?. Levy the Eve story
hathouse and store. 25x1Oo No. 21T2 Eighth-aEe..
for $4,000 and for John Efinger the Eve story
brOHnstone dathouse, 25x100, No. 313 West One
cumberland twentieth-zI, for 81, 600
The Globe Realty Company has sold TO Benjamin
r Luyster the plot 50x9e Il, the south side Of
MISUNDERSTANDING ninth-st 375 feet east Of
Ssventh-age.
Il is reported that Louis weisrnann has sold the
seven story apartment house. 51x12S az Broadway,
West Eno-ave. and Observation-Disclosures
g. Bretteu & Son have sold for Dnock & Efnck
70 investor the business building, 50x1O0, Nos
20 and Do East ne-hundred-and- twenty fth-st.
also for Margaret L Haughey TO Harry Schloss
The FIVE story Aathouse, 26x75, No. 172 East One
hUnorsd-and- twenty and have sold the
two frame houses. 33X1o0 Nos. 30 and PA East
One-hundred- Tenty-second-st
Frank A Seitz has sold the northwest corner Of
s. Ntcholas-ave- and Northumberland thirteenth
s.. plot 11S5xS3 5x1O0 11x125. operator, who
has resold TO Felt & Livingston. who viii erect a
seven story elevator apartment house.
Three important pieces OF property are scheduled
FOR sale by Bryan I. Kennedy Co on Wednes-
cay az the New-York Real Estate Salesroom, No.
u Broadway One OF the parcels is the Rogers
Cafe property, No. Park Place. south side 100 7
feet from Broadway It is five story and base
Inent brownstone business building with story
extension. Another piece is the handsome three
story and basement high stoop dwelling house on
OF T7x1ou, at No. 25s West One-hundred-a and
thirteenth-st A third piece Of property TO be Of
iereo Al the same date IL No. 50 West Forty
Eixth-sL Il is four story high stoop brownstone
cEetns house lot 20x1oo5. The three parcels de-
scr1bed are ali highly desirable properties and
should attract considerable attention.