The sun. [volume] (New York [N.Y.]) 1833-1916, 1901-10-20

lively reserved 90 exclusive residential uss
than any other IN the cts. The mo-f pro-
ductye type ~ apartment house Il he apart
ment hotel. and apartment hotrl- osnnot
he constructed prottibly "n iots costing
much more than thoss nov hvalahle for this
class ~ construction In the PORTE. between
fifth end sixth avenues about t20oo =
front foot Beginning with ne Ffti~-. On
the other ha.d. a minimum ~ $500 \ fr"nt
foot prevails tor inside street lot
The real estate movement m ~" tttth
avenue SECTION hss been FOR several y"ars one
~ th. m"s' conspicuous flc's In e." renl''
mHtLnt ~ began to assume notable pre-
portions about IN. time Andrew carnegie
bpugnt the block IN FUN avenu" extending
FROM Ninsttcth % Nlnsty.nrst street a. = site
for a residence. IN Isss The flee N LIANT
values throughout the section since then has
ex,eeded the expectations ~ the boldc-t
,p.culatorz v,ll-knoNn capitalist bought
IN the block 81 eight lots IN thi. avenue.
from Ninsty-fourth and Nine'v-nfth streets.
b.,we~n June. 1904. and April. isni. Tor fssS.-
M o. Nay. 1901. he sold tho block for ss2S.-
Oo0 4 plot 100 p1goo on the north corner of
Ninety-seventh stree, sold 10 isps for sas. pro.
changed ownership later in the same wear At
tia0.ooo. was disposed n in 1879 for s2+0.oco
and brought sStS.co last spring Expensive
residences are commonly built on contract
for the owners account vet there are under
construction In the Fifth avrnn. sertiou
shout thirty speculative houses that will he
put 90 the market at price, ranging from
tiSr.oDo 81 ttn.0n1
The circumstances tina, have conspired -
produce an extraordinary demand for prop
erty In New Works fashionable residence
quarter have been too frequently dwelt upon
Ia this column a. need repei ition h. detail
One of the chief Ia the fsct thst the process
Of consolidation Of industrial corporations
has brought capitalists concerned from all
parts OF the country b. New York. wher. they
have found n necessary to assume perma-
nent resldence In order 70 -afexlaTd their
Wall street interests represented by the
securities II tho consolidated corporations
Another II that the growing sncros"hmen'
Of business on important resid-nc- s%ectinns
lower downtown T. displscins = dis1ropor-
tionatsly Increasing volume Of sub ,Lantial
families II l. estimated that there are about
siy hundred old families left In The formerly
fashionable Fifth Avenu. residence section.
between Washington and Bryant Squares.
which are year by wear finding themselves
les IN harmony with thrir neig'hrrhoodS
The principal .tretrh Of debatibl~ ground
Ia tho contest between fat and private house
construction l. the West side Here land
values are largely az al Intermediate level
which has prevented them from exercising
a determining Influence Consequently. In
order 20 establish eNclusiveness. rc-ort has
bffn hhu W l'~AIl' AAfh hfiluiN" 'Hhh' W
private d ~srlinss The chief scat % current
private house cot .~t-uction on the We, Side
extends from iUth 20 iOsth street. between
Riverside Drive and West Ind avenue This
stretch forms an almost level plateau. rising
abruptly from the river and shutting out
Of view the railroad tracks below. Will.
commanding a vide sweep Of IN. Hudson
With u maie-tic setting The plateau has
been Hlmo~, vholly restricted. and on I; are
IN tho nsighh, rhood Of nifty houses jist
finished or nearing completion 1he.~ houses
which are nowt~' Inferior In constru" ton
g. tho bulk ~ those Ioing up ~ the tirh
avenue dist1.t range In market value from y
ssS. OOO e. $4,000. with possible exceptions
hclos and ABOVE these figures They are
tho products Of such builders a. Perez "
stewart. ~ I've. smith. Jo-'ph 4 Farley.
James lt'iugston. Peter Wagner, John G.
| mbsrrcld and Robert Wallace. AL OF whom
hav" been identified with the building M Of
tho Wet side sine" u Wa made available
for residences by the opening OF the els-
waited railroad. and Nho have had . share
IN the evolution ~ dwelling house constitute
tion We, Of the Park fom a product that
sold ~ s'0o aud less Ia one valued well
INTO ia figures
IAonsw t-rem~nt House Law tits thought.
Nill react faNorably on the West side from
IN" point of view Of private house builders
and owners Flat house construction 10
not expected e. 10 actively resumed under
the new law fnr -ome time To come. and when
IL - the KIND ~ semi-nreproof elevator
apartment, p-r witted will not pay on land
costing NOR" than s.u.oDn an inside lot. accord
lug l., TIE Judgment Of experienced loan
orcrat,f> u tui- Judgment l. correct q
cleavage of land values will he established
r..-rvlne &, private house buiidcrs many
localities favored bv them Ior example
l.t IN Riverside rive now range
- ..., a. n1 and sHs am az Cplrae Nat