New-York tribune., 1901-06-02
THE WEEK IN REALTY.
PURCHASES OF LARGE TRACTS IN THE
UPPER PART OF THE CITY on THE
LINE OF THE RAPID TRANSIT
ROAD THE CHIEF FEATURE.

The holiday OF the week interrupted the even
fiow OF business but sales were good The ap-
proach OF summer does not appear TO have had
the withering effect of many previous years.
The striking feature OF the week has been the
acquisition Of large OF land in the neghbor
hood OF Washington Heights by Charles T. Bar
ney and the American Real Estate Company Mr..
Barney bought the Bailey of about fifty
bounded by Kingsbridge Road. Sedgwick-ave.
One-hundred-and-eighty- y-sixth-st. and the Harlem
River in all about six hundred and fifty lots. Later
in the week Mr.. Barney bought from Francis NJ.
Jencks a tract containing about one hundred city
lots between One-hundred- and -thirty-fourth and
One-hundred- and thirty-seventh sts- and Broad
way and Riverside Drive. Mr.. Barney already held
several block fronts IN this neighborhood The real
estate company purchased about three hundred lots
on Broadway and the Harlem Ship Canal This is
all unimproved property The location and size Of
these Investments which result from the construc-
tion OF the rapid transit railroad indicate plans
for the future Improvement of this part OF the city
The investors expect to wait for the profit upon
their and the result OF their operations
is likely 10 be beneficial TO the city and profitable
TO themselves.
Henry PhipDs is another outside capitalist who
coming here TO live, has shown inclination TO
take an interest in the development OF the city.
His purchases of Fifth-ave. property week be-
fore sailing for Europe suggested that he is buying
valuable real for investment as well as for
the purpose Of building a home.
The transfer Of "Od TOMS and the adjoining
building, No Thames-st. to the George A. Fuller
Company shed a little additional light on the
future Of the site of the Boreel Building This
will mean the closing Of the historic chop house.
The old Tiffany store, No $50 Broadway has been
sold at price said TO be between S25.ooo and $780,
0o The building is five story stone front struct-
ure. or lot 35lNlGo. between Prince and Spring SITS.
Arthur r. Parsons has sold No. 2S6 West One
hundred-and- thirty -fourth-st-, five story apart
nent house. 25N&Xl00
Barnett & Co have sold No. 10 East One-hun-
dred-and-twenty nty-eighth-st, a three story frame
house, lot 25Xle0.
The five story double hathorse on the southeast
corner Of Eghth-ave and One-hundred- and forty
third-st has been sold by Joseph Bierhoff for the
Mott estate to @. kleet; and No. Is West One
hundreds twenty gfth-st.. five story triple
hathouse. on lot 25x99.ll for Thomas Conan 10 E.
Mayer.
Nathan Cohen has bought Nos. and Goerck-
St. two six story tenement houses, plot 59Xle0.
from Samuel Brasil who took in part payment
No. S47 East Thirty-third-st.
James King has purchased No. 800 East Ninety
-ighth-st.. a two story stable. 25XlO0.
Charles T. DUross has sold No 345 West Six
teenth-st a 1--WE story hathouse. 20 William Fl.
Murphy for $4,000: and Nos. 500 and 81 West
thrtieth-st, vacant plot 57Xle0,
TO Anna Dreyer for $4,000.
Charles II. Baechler has sold for Thomas Shea
TO Edward ]. McCabe the dwelling house on Guion
Place. near St LawrenCe-aNe.
G. Tuou & Co. have sold for Marasca Abbate to
G. Lordi the two six story tenement houses Nos.
l64 and l66 EliZabeth-st., for 100000