New-York tribune., 1901-04-07
HE WEEK IN REALTY

The large operators and the realty syndicates still
continue to be the central figures in the real estate
transactions. There are many small deals reported
daily. but the total number Of them is not large
enough TO detract attention from the activity OF
real estate dealers with large building plans. 1t
would seem that in order derive the greatest
possible income the investor must become identified
with some combination Of real estate operators
whose field is directed by men who have had many
years OF experience in buying. selling and manag-
Ing real estate property. But all big operators are
not the most successful spectators, and some Of
them meet with many bitter disappointments. One
cause Of the failure of gigantic building
movements is the fact that they create a general
activity among persons interested in real estate
transactions and. the facts OF the movement be-
corling widely known. before the plan can be per-
tected some little operator has purchased parcel
desired by the syndicate. The syndicate is then
either compelled to buy the parcel at large hs-
give up its plan and sell its holdings. Some
times the syndicate sells out at a loss.
Some OF the large operators think that the future
looks bright for the little well as the big
man. There will always be. they say, plenty Of
persons with small bank rolls looking TO invest
their money in realty this city If false booms are
They saw that there is just as much chance
for the small operator to be successful. and that
his chances Of success seem brighter than they
have for long time To them there is no reason
Tor display Of fear or hesitation on his part:
The real estate market is alive with men VINO are
ever awake TO what is taking place about tnem
thorough students
realty, and whose knowledge Of the market can
be easily and quickly learned. If an intending
buyer has decided in what section of the city he
would like TO invest. and has been attracted by
certain buildings plots. he can quickly ascertain
their market valuation by visiting some or the
companies loanng money on mortgage. He will
quickly learn how large a mortgage they would
place the property in question This is one of
the best ways Of learning the value OF city real
estate, and the information will cost the prospec-
tive buyer nothing.
one the principal transactions last week was the
purchase Of TWO parcels Of the property on which
stands the building occupied by the female wards
Of the Roman Catholic Orphan Asylum. One
parcel the plot the southeast corner Of
Fifty-second-st and Madison-aYe 1t has 'front.'
age of 80 feet in the avenue and 100 feet in Fifty
second-st. II was sold to W. W. & 7. NJ. Hall.
who will improve the plot by the erection Of pri-
plot l005 by 100 feet the northeast corner Of
FIfty-1rst-st. and Madison-ave. 1t was bought by
John T. e. James A. Farley. 1t is said that they
will erect four dwelling houses il.
Another important sale was that OF the plot on
the west side of Park-ave., between Forty-frst
and FortY-second sts.. by the New-York Central
and Hudson River Railroad Company and the
Trust Company. There is talk Of erecting a thr-
teen story hotel the premises. A hotel Will
surely be built there The plot has frontage of
1875 feet in Pdrk-aVe.. 105 feet in Fortyfrst-st.
and 1O5 feet in FOrty-second-st.
Another sale Of interest that of No. East
Fifty-seventh-st.. a four story dwelling house on
lot Is by 100 by the executors OF the estate Of
tracted considerable attention that of Nos. 500
and 30 Broadway. a twelve story fireproof store
and loft building. plot 20 by 100 feet to Joseph
lsuinet.