New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
REAL ESTATE.
HOUSES BOUGHT FOR IMPROVEMENT
FIFTH AVENUE HOTEL AND MADI-
SON SQUARE THEATRE TO
BE SOLD AT AUCTION.

Comparatively little business reported by
brokers yesterday, but of the transactions in
cluded In the days business several of q
fairly interesting character Two four story pri-
vate dwelling houses in West Forty-seventh-st 1t
is announced. to make way for ten story
apartment hotel similar improvement to be
made in this block mentioned in this column
Sunday In Park-ave., a corner plot which is
also to be the site of fine Improvement has been
sold, and further the East Side, in Eighty
frst-st. between First and Second ayes. seven
dwelling houses just sold will be replaced by seven
story fathOu5es.
In the daily record of sales and the news from the
Buildings Department there is evidence Of continued
building activity and in this is to be found Of
the best features of the present situation 1t does
not probable. with the present law in opera
ton. that building will be overdone as operators
likely to be conservative, but the fact that
many plans continue to be filed and the announce
of early improvements contemplated indicate
degree of confidence that reassuring
The brokerage branch yesterday reflected the
tendency toward dulness that somewhat ap-
parent last week, but Monday Is ordinarily a
day of few transactions it is sign that the week
will be without interesting details. In the
auction room, too the business yesterday was OF
the conventional sort. Here. however. there is
better promise for next week, the schedule In
Gartiti6n offering on the Following day which viii
tncIude No. sci Broadway, No iS4 Mercer-st and
other downtown property OF an interesting char-
will include property in Manhattan. Amsterdam
Edgecombe and Bradhurst
The Fifth Avenue Hotel and the Madison Square
Theatre viii be sold, by order Of the Emo estate
executors, on April %. 1t may be decided between
now and the day of the sale to include some other
property but it is not likely that this will be done
There few parcels remaining in the hands or
the executors, and regarding these decision has
been reached. One of the executors said yesterday
that there is little prospect that the hotel and
theatre will be sold at private sale.
The size of these properties Is something with
which many will wish to familiarize themselves
before the approaching sale The hotel extends
2l52 feet on Twenty-thrd-st., and on Twenty
fourth-st the westerly line of the theatre is 1854
feet west of Broadway. The entire plot contains
according figures given at the Emo offices, 4s'174
square feet or almost twenty full city lots.
The four story brick dwelling house No SOP West
Twenty -fourth-st which is used as an entrance TO
the gallery of the Grand Opera House, will
dergo alterations costing $4,000, which provide for
new iron starways in place Of wooden The
building is owned by the Jay Gould estate.
The extension to the Home for Old Men and
Aged Couples, Amsterdam-ave. and One-hundred-
and twelfth-st., will be raised two floors for the
use of the servants attached to the Home Cady
Berg & See have placed the cost of the improve
ments at $1,000.
The New-York Telephone Company has filed
plans for the freprooing of it's exchange. No. Ill
to 1l5 West Thirty-eighth-st The work has been
estimated to cost $4,000 by c. l.. w. Edlitz, the
architect.