New-York tribune., 1901-03-25
REAL ESTATE.
REVIEW OF THE wEEK-BIG TRANsAC
TIONS THE FEATURE.

REVIEW OF THE wEEK-BIG TRANsAC-
TIoNs THE FEATURE.
The feature Of the real estate market last week
the large number Of big transactions that were
reported. They were numerous that they some
what kept IN the background the sales representing
a moderate outlay Of money and indicating some
interesting future deals or the large transactions.
the principal the sale of the building occu-
pied by the female wards OF the Roman Catholic
Orphan Asylum and bounded by Fifty-irst and
Fifty-seoond SITS. and Madison and Park aves. This
plot contains thirtytwo city lots, each 25xOO feet
IL has frontage OF 200l0 feet in the avenues and
900 feet in the streets. According 10 a report, the
title 10 the property will pass into the hands Of
H. c. Fahnestock. vice-president of the First Ma
tional Bank He has neither confirmed nor denied
the truth OF this report There is good authority
for the reports that have been made regard
ing the restrictions 10 be placed on the property.
The converting Of the parcel into private dwelling
house sites it is said IS one OF the conditions be
agreed upon before the deed Of conveyance is
signed. The conditions of the transfer will be
named by the finance committee Of the board Of
70 act and il is said that IL will act quickly. The
purchase price is said TO be S,200.00e.
So great is the activity in the Fifth-ave. district
ano In other sections OF the city that real estate
ing or negotiafing a DEAL are kept busy studying
tne various sales and transfers ana trying 10 keep
large hotels ana apartment houses 10 be built or
hotels and apartment houses will be erected.
The announcement made by Frank j. Fitzpatrick
last week that he and number Of other men would
Dlild an eighteen story apartment house TO cost.
including its site. s35G00. the plot looxl25 feet
az the southeast corner Of Fifty-second-st and
tfth-aVe. caused considerable surprise in real es
tate circles. Many conjectures TO the plans Of
the buyers Of this plot were made, but they Were
not well founded, proved by the announcement.
soon after the plans of the buyers or the plot be-
came came known the Union Club purchased strip lGx
~ feet Of the syndicates plot that there would
be light and air between the proposed hotel and the
new home Of the Union Club, which will adjoin on
the south
Another interesting sale Of the week just closed
was that OF the Baird Office building. Nos. l23 and
70 - Cedar-st, by the Metropolitan Life Insurance
company 10 the Seaboard Realty Company, which
gave in part payment the eight story Office building
al No. ~ 10 IS East Twentieth-st.
another large sale last week made by ID. II.
scuIy for Leon a. Liebeskind il the new
seven story apartment houses the Cambridge and
ee oxford at the northwest corner of Madison
ave. and hundred and twenty -fourth-st., on
oot s0Xl0o feet, Henry Corn for consideration
oi about 100000. Mr.. Corn gave in part payment
tnfee i've story brick aathouses at the northeast
corner OF -flrst-st and Lex
;ngton-ave.. plot 81 8xlO0, and the story
buildings No Il - West Nineteenth-st for about
SSo0n; The Cambridge and the oxford modern
hlgh class apartments.