New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-18
THE WEEK IN REALTY
ACTIVITY IN FIFTH AvENUE-PLAN
WITH PRIVATE sTAIRwAYs TO
UNDERGROUND.


- -r-get OF sales in the real estate market
vss little disappointing last week after the gen.
.-aI Improvement which had preceded In a
measure this is explained by the fact that the
week began with legal holiday. which the
brokers Offices closed It has been observed
before that such interference with business as re-
suits from q holiday followed by several DAYS
OF inactivity. and in that respect the week merely
followed the general rule. The partial cassetion
OF business due TO the cause mentioned was ag-
sravated by the unfavorable weather that pre-
vailed IN the earlier days OF the week There is
abundant reason believe. however that this
uufavorsbie condition IS only temporary. Every
thing now points 10 continuance OF the active
market. which, although slow in developing. has
beer based upon a foundation Of actual solfdity-
The demand for property OF a miscellaneous
Character has been reinforced by a rapidly deveI-
oping movement on the part CT investors for such
parcels promise fair and satisfactory returns
the money invested. That there is g large amount
Of such property in the market cannot be doubted
Il is not abundant, however. and in certain
sections desirable parcels extremely scarce
But these facts only tend produce the sub
stantial tone that is required for healthy active
trading.
The week just closed has shown no abatement of
any great extent in the transactions in dwelling
and fat houses. tenement houses and old stores.
Some vacant parcels have figured in the budget,
and many instances Improvement OF old prop
critics is promised.
NEW SEVEN STORY APARTMENT HOUSE.
II some cases the projected improvements Of
parcels IN last weeks sales are OF important
and interesting character. The buyers OF the block
front on the side OF Broadway between
Eighty-hfth and Eighty-sixth SITS. announce that
plans have been drawn fer seven story apartment
house estimated TO $500 0Oo the plans direct
communication between the proposed rapid transit
station Ezghty-sixth-s1- and the apartment house
IS provided for by means OF private stairways Il
seems not unlikely that the idea there suggested
vii be adopted by owners Of stores. who would
thereby furnish popular attraction to their Gus
toners particularly in stormy weather II is
worth mentioning IN this connection that runor
thai James Mccreery would open store in
the Nevada Apartment House. which he recently
acquired, became current last week. but was
promptly denied. Persistent runors were also
se5e f 6 F4s an a lB sale OF the PorheeSt
Knox estate The status OF the matter Al present
The property at $3.50 90.
FIfth-aye- was the centre OF interest last week
The speculation in lots. ploSs and block frontages
opposite Central Park OF the east stu continues
L tiffany purchased the, south corner of Firth
o. four lots. le Il by 100, al the north corner OF
was purchased in 1855 for Ss0656 and has now been
resolo tor $1,000 And IN addition the Gleason
Eghty-secono-st- was definitely reported sold.
resented In The sale OF the northwest corner Of
ElfTn-aye: a2d Iwe1Jy-second-st, q I've story
ogidlng 20 oy lpo other items involved the plot
q thirteen lots fronting S5 feet IN one-hundred-
!
ing. No lOl Riverside Drive south Of Eighty-tEird
Of seveury-fourth-si IIs feet east Of First-aVe
ne po9 81 5v "a on tb D. ss+ Hs y ane
fer north OF observation-disclosures
THE RECORD OF SALES
Terence Fariey's Sons have sold TO William
Thorne No "A East F1fueth-st.. new thirty-foot
i=- story dwelling house Il is one OF the group
recently erected portion OF The old Columbia
plot ana adjoins the MadisOn-ave. corner which
- Sag Afr a Tho 6951ta OS , oSs0od Eel 10 rea
H1einglleE Brothers have, sold Isaac Meyer the
D. l. lo9x ?, a. the southwest corner Of Lenox-
are md One-hundred-a and -nineteenth-st The buy
Huston 3 c Go have Rar sod Tor h9usf Dean
~ -Ee9 on the east side OF Aucubou-ave. 2 feet
s1r y Williams. two lots IN Audubon-ave.. L feet
10 ~ investor
-oha 4. Gwyuno mas bought from the estate Of
four story brownstone dwelling house, lot 21xs1o
Slavson & Hobbs have sold for Mrs c. J. Nc
f-et north Of ae-hundred-and- folirth-st six11s
Taomas a Nevins mas sold TO Camille welden-
20 No : East Forty-seventh-st-, four story
dwelling house, lot 25xl0o5
Mrs Ambrose Knapp has sold 70 Samuel G.
each. Nos sIs and SIS East Ninety-fourth-st- The
purchaser gives n exchange the four story and
nrzt-sl.
John Armstrong has sold Tor Henry AIeyerin the
four story stone front harhouse, &sxl022. No. S4s
% B has ssssd to PggEshais the DEGB
5ia9 already excarated for building purposes. The
price paid 100000 The club viii erect eleven
story building. [ q cost OF sg7500o.
The Rev Arthur Richie rector Of ST. Ignatius's
Church received offer OF s1s90ao for its prop
erty al Nos s. and 90 West Fortieth-st, and has
accepted Il subject only the approval Of Bishop
Potter and the standing committee The dimen-
SONS q TIE plot 6 sxeSe g. II Is also probable
THAI No. q West Thirty-ninth-st., a four-story
broEastone dwelling house, lot 22xss 8. directly
n the rear Of ths above. VIII also be sold IN
necIion with the church properIy.
Nicholson & Co. have leased TO Henry Ssibert &
Brother Company for Hugh J. Grant the store and
lof- building I00xS5, Nos g. g. IS and 81 Horatio-
s.. for ten years az e total rental q so, 500