New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-28
THE WEEK IN REALTY.
INDICATIONS OF BUILDING ACTIVITY
IMPORTANCE. OF RAPID TRANSIT

A substantial amount OF business was carried on
.h-ourb brokers in real estate last week, although
-hers vera no sales reported Of special Importance
= s.-.st There was rather more buying for I'M
-,overaent than has been noticeable for some time,
ans vacant lots and old properties were disposed
Of in some numbers. In the indication OF possio'e
activity IN building lines may be found one OF the
-,os4 encouraging features OF last weeks news On
r. whole the week has shown a substantial num-
her Of Sales and In the variety and general chAf-
acter OF the business done is evidence thAt there
q no general cause for dissatisfaction Ihere VET
some transactions in business properties "hlch
would seem 10 denote that something Ahe an "a
vestrnens movement Is being developed II - "Oe
large enough yet to be sure to JUSTIFY any efe1'
satisfaction among brokers but 1t marks an AZ
ance IL Is believed that capital is al last hloins
,ts way back TO the real estate market from "A0N
Il has been diverted for some time
The prospect OF q solution Of the rapia transit
,bIsr, 4 in the opinion Of brokers, hardly capa-
h. OF being overestimated in It's power TOT 800
the real estate n sersf, infuence OF mo
$50 . xill II is believed soon prove Llv'tL.s
- those thai have money TO invest anu ma Ia q
locking for safe and paying "a. - M building OF
1he elevated roads is given as reason nOt ss3,re5
bToie~s argue that both improved and unmpF0Vg7dd
properties must feel the enecl qateALg, sbo11d
-. soon realize this and show marked tenG i
toward real estate II IS pointed 0 for rise OF
sn practically the same I-o and ga tsfv-
values as existed in 1873 when a laTse anu s'
The general attitude Of brokers on me pIo i1
tax on mortgages is considered IN an9' I,sTd the
hil and il is generally looked upon as nlTl@
20 20 ph 4siSeaIv ofsoourse 10 those that deal in X
Among the interesting items last Week were +-aI
faeS q e q feet north Of sixty-seventhst the
southeast corner o. Br9ao%49 a ISox1oa5 on the
$500 SiSe Of Sixty-second-st. 100 feet east OF Am
slI feet south Of
z,-s-,a @foTF7
-[essr corner of Sherrnan-ave- and Hawthorn
lIsssting OF twelve lots the plot 2s46x0o, on
81 4 ise Of Convenience l25 feet north OF One
bIpGred-and-forty -frst-st-, and TRANSACTION re-
.sorfed below The Convent-ave. sale was due ae-
eeordfng to the brokers statement. TO the latest
development in the rapid transit sIIua , 80
sod AZ suction last week for $4,000 and the same
eE1.+fi1g property al No. 234 Broadway. Other
business properties disposed Of were No lsZ VIII
corner Of Union Square. and the northwest corner
OF University Place and Twetfth-st, -. ,,s
The leading transaction Of the budget involved
property in upper Fifth-ave, The plot. lgoxle al
trsI Park. which was bought by William R. Travers
n December, 1928. was transferred [hls week 90
George c. Han. who decided IT for $4,000 to Worth
fngton whitehouse. Mr.. Whitehouse took title FOR
The Barney-sheldon syndicate also sold several
% the Orphan Asylum lots
THE RECORD OF SALES
The Lorena Company, owner of Ardsley Park,
has sold 70 General Avery D. Andrews, for $4,000
a villa site IN Ardsley Park, at Hudson-ave and
Hancock Place, containing about acre, upon
which the purchaser IS building a house ana
stables from plans by James Brown Lord. The
s son the adjoining site at Hudson-ave and Clifton
Eelc6r BeifzhooTeT for sio0 site northeast
Of Hllside-ave-, containing about an acre ana a
" r C H Smith have sold the block
bounded by Wales and Beach ayes, Kelly and Beck
SITS consisting of twenty-four lots.
A NJ Bendheim has sold 10 Joseph Roberts the
fos7~ story building lot 1Ox756.
Ed ward P. Hamilton & CO. have sold for Cum
a
rhfrd-st-, "A five story apartment house, ZtxS5xio0
r Hartley Proctor Is reported 10 be the Duyer
OF the stables on the north side OF FlIty-secohd-
ST. 10 feet west OF Madison-ave
SlaWsOn & Hobbs were the brokers N the SAFE
for Stewart & Smith Charles Osborne of No. 81
American basement dwelling house. 1sx6Ox1OO. and
Is the frst sold Of group Of 5, six. .,,,.
st. 8 four story hrownstone dwelling mouse, 4ol
su investor No. 131 East Thirty-ninth-st., brown
stone dwelling house. 1sx55xS3.
70 Samuel P Coli the three story brownstone dwell
ing house No. 12l West Elghty-secono-st-' -V.oA
Walter I. johnson has sold to George V Baldwin
a plot OF l6s lots in Tenth and Twelfth ayes, Sew
enfv-ffrh TO Seventy-ninth SITS, Brooklyn, at an
4 F=dgsr Teavcrsft has concluded the following
sales: For Lewis and Winthrop Rutherfurd and Mrs
p y white 10 Mandeibaum & Levine the plot, 6TX
1885 on the north side of Eleventh-st., 100 feet
west Of Second-2ve., and opposite st Mark 3
Church; also TO the same buyers for Rutherfurd
plot S0xl00 and irregular adjoining the foregoing;
also for Henry c. NiedenEtein TO Arthur 3. Lurta
feminist. 100 feet east Of Amsterdam-ave.. look
Marcus T sacie sold the northeast corner of MuI-
s6xS6 for about s40eO0
Mary Kingsford is reported TO have sold NO: z
East sxteenth-st-, four story brick building
25x92.