New-York tribune., 1900-11-11

in purchasing the old orphan asylum property in
Ffth-ave.. between Fifteth and Fifty-arst sts and
IN disposing Of 1t in different parcels Although this
syndicate has not entirely disposed Of the orphan
asylum property and still holds unsold large par
eel of several lots at the southeast corner OF
Flfth-ave. and Ffty-hrst-st. 1t would appear that
these capitalists have consider the specuia
ton so profitable that they willing to make
another investment of similar nature
The syndicate Is made up OF Charles r. Barney,
George r. Sheldon, Henry seligman. John A. Nc
Call, William L. Bull. George T. Victor, Edward
NJ Gibba, Z. L. Baylies and William F. Have
meyer. The purchase of the Stewart mansion by
such q combination of capitalists simply means
that it is to be sold again a profit. The plot is
magnificent Cor the site of single building,
measuring Ills feet in Fifth-ave. 80 feet IN Thirty
fourth-st., with a L extending through to Ihlr-
ty-hfth-et. 1t is said be the intention Of the
buyers to sell the property as whole II pur-
chaser be found or divide 1t into parcels to
suit" In any the imposing marble structure
which has so long graced the northwest corner OF
Fifth-ave and Thirty -fourth-st., will be torn down
1t was built by A. T Stewart. the merchant
prince in 1ss8-67, from plans drawn by an English
architect It is OF French Renaissance archi-
lecture, and built OF italian marble at n cost
of nearly 81 100000.
II would appear to be the general consensus OF
opinion that the present condition Of Thirty-fourth
ct does not warrant the erection Of a big CONNER
ctal house It was rumorad that John Wanamaker
time interested in the property but the
rumor has been contradicted. Another story which
gained considerable credence yesterday was to the
effect that the property would be disposed or 10
builders who would erect bachelor apartment
houses of the most modern type. and Of as many as
twelve stories in height Such an Improvement it
was said, was In strict accordance with the sur
roundings, and in line with similar improvements
in this part of the city such as the PierreHont ana
the Martinique apartment houses In Thfrt, first
and Thlrty-second sts.. between Broadway and
FYfth-ave
Another sale OF considerable consequence men
toned in The Tribune yesterday that of the
,,vr+1a anartnent house Nos 2.469 and 241 Broad
wav for about $4,000. The purchaser was Mrs
philip Livingstone, the owner of the adjoining
building known rs the Trutun apartment house
This transaction appears TO be rather formidable
argument to those who keep crying that the
building OF this class of apartment houses has
been overdone. McVickar & Co. were the brokers
in this sale.
Other sales of the week include a number Of pr-
vate dwelling houses and several parcels OF down
town mercantile property. and among the latter
may be mentioned Nos sS and 80 Walker-st..
seven story loft and building. which sold
by Ronald X Brown to Arthur r. Parsons for
$l50OO0: also No 90 Greene-st. a five story, iron
front store and loft building. sold by r. a. Cruk
shank G. Co. and r. southack & Co. for Isaac W.
How.
The auction market developed more healthy
tone last week, and several offerings foreclosure
were sold to outsiders the initial bldg of
plaintiffs. Such course contrary to the prac-
tice Of the salesroom for several months prior TO
the election.
Herbert A, sherman announces the auction sale,
IN partition Of the dwelling house properties No
a East Observation-Disclosures, No. 951 second-ave. and
No 45 West Thirty-ffth-st. The sale will take
place Thursday next.
BRYAN l. Kennedy will soil at auction on
Wednesday next No. 575 Hudson-st No. AS West
Fifty fourth-st.: No 81 West Twenty ghth-st
No 347 West Fifty-second-st.. and No COS West
Forty-hfth-st.. by order OF executors close es-
tates
The number Of leases reported include the rent
ing OF the Halter Building. Nos. 112 and ia West
frst-st.. to H. C. Sylvester & Co. for a term of
years 10 be used a department house This
lease is looked upon with interest, as being
Of this nelghborhood the site the successful
opsrston OF department stores.
REPORTED LEASES OF DWELLING HOUSES.
Collins 6 Collins have leased for George w
Ssctson to G. r. Fleming the four story brownstone
dwelling house No Is East Forty-hfth-st for a
period OF three years and ten months
For Mrs Marie ]. Myers to Mrs. Mary R. Lee the
four story brownstone dwelling house No 40 Lex
tn5ton-aVe. ~ 11N'N0
For Frank Adams TO G. Ellsworth Dunscomb the
Iour story brownston6 dwelling house NO Is West
Ftfty-ffth-st. -' 'o vest