New-York tribune., 1901-06-23
THE WEEK IN REALTY.
THE ORGANIZATION OF REAL ESTATE
COMPANIES BELIEVED TO BE AID
yANTAGEOCS TO THE SMALL
INVESTOR-SALES RE-
PORTED.
PORTED.

A.. mel, l,,ov-, real estate man. in speaking
eral DAYS ago. about the present ana prooanie iu-
ture condition OF the market. said that ne was OF
the opinion that the presence here or many large
realty corporations would undoubtedly result in at
tracing many thousands of persons TO invest IN
realty in this city who had never before been real
estate holders There time and II was not
very long ago." said the speaker. when realty
syndicates were unknown. and when the number
of individual operators was greater in proportion
10 the population than now. But the success at
tained by the pioneer realty concerns opened the
eyes of many persons interested in real estate and
in quick order other similar corporations were
organized I am firmly convinced that there will
be many more realty corporations operating here
in the future, and that their stocks will be
held by thousands of persons who are known
small investors
Il remember the day when nearly all the
important buildings in this city owned by in
dividual operators. These operators business
rivals and the opportunities for the little investors
10 obtain an interest in the big buildings
the clerk with few thousand dollars 10 invest in
Manhattan realty had to go il alone and he had
10 learn almost in a day great deal about real
estate transactions. valuations and many other
things in order 10 invest with prospect of win
.fins out or at least realizing fair profit from his
investment Since those days, times have changed,
end changed wonderfully for the better The little
IN IedI estate no longer neeo De worried
about the question of marketable titles. taxes and
He now become stockhoider of the realty cor
porauons and profit from the transactions of some
OF the leading operators in this city. And think
the presence of the realty syndicates will greatly
benefit the small as well the large real estate
firms"
In the last week some excellent sales were re-
ported Transa ctions in the Wall Street district
~ and 48 Wal-st. extending 10 Nos. As and AZ Ex-
;change Place. exception. William X Aston
was The purchaser He owned the buildings about
,sive years ago Another interesting sale the
tfcur story dwelling house the southwest corner
tof Forty-second-st and Madison-ave. The pur-
'chase or plot the south side of Forty-seyenth
sst. 415 feet east of Seventh-ave., from the Long
sacre Realty Company 10y builder, also attracted
probably continue brisk il is thought. for many
years. The plot obtained by the builder is S76xloo5
-Dpartm hotel Josef Steiner added TO his realty
holdings by purchasing No. IS to 81 East Eleventh.
has frontage Of S26 feet in Eleventh-ave. Mr..
Steiner recently bought the Union Court property.
One of the principal deals in the Fifth-ave dis
itrict was the sale by Herbert A. sherman. for
Robert ". Stuart, OF vacant plot, 755x100s feet.
son the north side Of Eighty-eighth-st. 2S feet
-east OF Fifth-ave.
SALES REPORTED YESTERDAY.
The Beard Building. Nos. 12O and l22 Liberty-st..
has been sold by Henry ". Denton the Robinson
estate. The building nine stories high 1t is
bought as an investment. The Jewellers Court
Building reported sold yesterday 1t occu-
pies plot about 600 square feet, and is twelve
stories high. II includes Nos. 81 and So Maiden
Lane The purchase price is thought TO be con-
r. Young Nos rs and Ss5 West ,hundred-and-
The building 40 26 East Forty-second-st. has
been sold The OF the purchaser is with
held.
The Twelfth Ward Bank has sold No 1909
Third-ave, five story fathouse with store, on lot
s25 SXll0, for about $4,000.
]. d. Goodman has bought No. l24 Monroe-st, a
Eve story brick tenement house, 4exl1.6 feet
Israel Lilienthal has sold No l20 East One-hun-
Got aOxlO5ll