New-York tribune., 1900-07-15

lower residential sections of the city, which
has been in progress on the part of the owners
seeking greater income from their property. push
ing the southern boundary Of the desirable resi-
dental further and further uptown. that is
gradually adjusting the character of improvements
on land in Manhattan to the requirements of in
single dwelling house can no more be counted out
than can the skyscraping office building of Broad
way and Wal-st. or the modern uptown apart
The principal change working so far as the resi-
Genial sections are concerned. is that people of
moderate means either forced live in apart
investment character of the ctty's property sweeps
the old and modest dwelling houses out of the way
10 make room for the rentpayers
This tendency, however, is only making
permanent and lasting what coming TO be
Manhattan. The building OF dwelling houses of the
palatial designs and al the enormous cost o rsnI-
or those recently constructed in Fiftes and on
the East Side in many of the streets all the way
up TO the Eighties comes in the nature of perma-
nent improvements and determines the Character
OF me intermediate streets surely as does the
erecton or business structures in other sections of
the city Gradually the old style houses in the
recognized residential sections are giving way TO
te" new ana more modern houses, but OF the lat
yer go begging for tenants, and people of means
S% S@iP Iequre homes Of their where they can
yet ready to spend their lives in apartment houses
homes bigb 10 G InosG VINO DO not own their own
as Is demonstrated by the fact that hardly single
Ia1ce t can be found in the entire city TO-DAY of
a a th9roughiy modern house in a desirable secttop
@ @Inug ldle through the failure on the part of the
VII DrinS IN good return on the Investment o''
receiving ite PrTpeTty as an investment is to-day
servave class of capitalists nriri Lron me CON
Of its rent paying qualities and bera2 H because
tanty with which the return on tbe he - GL one Ger.
can can oe calculated Many business and professnpai %
cn3se of old houses for alteration ar tb he o pu.
suTed 'ttf6Olstruclion t6t If desirable tenant is as
ness ness OF TINS class of investment lies in tbe fact
class houses, the owner is not snbiectad ' u n.fn IN
of the many upon the constant changing
allowed g ~nere the percentage of loss in rentals
~ ana lie Is not confronted wit III
treordinp ygIgg OUTLAY for running expenses and ex-
sm5e4 ern9Ps the most encouraging feature of duh
privatc bnnee bseSet Is the comparative activity in
the PI1t ~, we're reported and plans were filed with
others ths''D'''s epartment for the remodeiling of
among the sales Of the week for residential pur
Satnolc orphan Asylum block, south side of Fiftv
ave which was resold by recent purcbaear rtIh7 ~
c, caent OF OF Henry D. Winans & May fna house
chaser In line with this Is the fIing of plans With
the constructfon Of fWo 9y Hiss s Weeks for
feet for WiIIan = RI1 on plot ssx1Oo5
otber siT t onf OF ne houses will be five and the
tSrg Mhite TO s Bertron ana No Sc West FifT F
story brownstone house on MOT 95ro a f%oqr %
9o so " o PG[GhaseT re who will make alterations The
ana Madison-ave.. four story and bassn1artt
nP@wRs5one house on plot I74x75 feet was also
ers The oGcG TTnoPsI PAL top Of conversation in the bro
nent Of the reduction Of from IS to- % ra0t IL
+mpron.y tmb Cly tax rate over which owners We're
hf, hbTIe'e II VII tend to influence many clients tS
ertv Tbe plmtrWISe r might continue 70 rent rro1-
ness block by Chicago investor. and rumors ~
which brokers were PIoq5 is ssae concerning
for It, their share Of attention. ''''''e III
cJnStice r Henry DuFro for the Hotel Sa,o,-
a1a.Tn 01tTng secured the lease Of the Balkenhayn
eehth-st and Ftrtba [ne northeast corner of Fifty
company recently bought No. East F'iftre,gb,b
by 100 in the street P'' 80 feet in Ffth-ave
Fthaxe parcel was transferred yesterday b
10 70 celia wife Of Simon Bcrge for a considarat,n1n
ave. and is situated south oF S no SS5 Firth
in denth % OF - IeHt in Ftthaye and 12O feet
foT $iSo"" the balance being the equity ''' 3'Iee
THE RECORD OF SALES
'yrus Field Judson has sold for Robert Graves
~ .lHify graves jr for $4,000 part OF the old
JaNray place at Lryington-on- Hudson consisting
OF ABOUT ten aGFes0Of land with a new building M
broadway aud4Snmyside Lane. report thar Mr.
-. Ct1Ets vt had bought Sunnyside the famous home
oi t,GvsaLi GMashinE{on 11fftpE, is Incorrect
EuWard ThQnpsan is reported to have sold the
SIX SIX story building lot 27.3x56I at the north
ca Charles T E Duross has sold for John McCuuacb
hnse @ N5rs Yo iz Miller to James Reese the dwelling
soIG I9ilins f & Collins and b. C. & F T Barry have
2 74I 'oF and 4a[y f3r Rakns9n RatI No @ Madsonave
snY sGTang, DT Seymour Oppenhemer, No. 100 Madi-
double a2GsF' saqaf95d has story
Eighty -first-st. '' W ~ est
Dt, Mott u. Cannon has purchased from Henry
SCott the thre" story dwelling house 25y1OO No ia
"tsJ TSH one -hundred d-and -twent y-second-st
,, " ''diI 9eeilsSbarg has sold for the Wright es-
d6blto 10 Joseph l. Butteuweiser the old hi1IIdiny
2X9Sy No 32 West Twenty -second-st e'
W IiLahl I|eonhauser is the buyer Of No 21S Wes+
IT'D mot hirty hist. sold by John NJ
thompson * Co. for +. r. Mccall - ''' VI
me Following are the comparative tahIae q, n.
ances mortgages and projected buildings for
LA m weeks Of 1900 and 1889 as com
Pieu oy Inc Record and Guide:
MANHATTAN AND THE RROHx