New-York tribune., 1901-01-16
REAL ESTATE.
CHAMBER OF COMMERCE SELECTS A
SITE-A LARGE BROADWAY SALE.

The purchase by Henry Morgenthau president of
the Central Realty Bond and Trust Company, and
others, from the Grannis estate and other owners.
of the block the east side of Broad
way between Fifty-sixth and Fifty-seventh sts..
reported yesterday afternoon, was by far the most
interesting Of the day because OF what it in
dcated. The sale itself a large one, covering
as il did a plot of about fifteen lots with combined
frontages of ia feet ir Broadway and H6.5 in
Fifty-seventh and Ills in Fifty-siXth-st It's
situation just north OF Long Acre Square, on the
lire Of the Rapid Transit Railroad, was the inter-
esting phase of the sale. 1t was purchased as an
investment
The transaction taken in conjunction with other
recent purchases by experienced real estate deal
ers. serves to emphasize the fact that many OF
them believe that real estate values are going TO
rise in this section when the rapid transit road Is
completed Many think that the heart of the city
is TO move from Fifth-ave.. between Twenty-third
and Forty-second sts., to a circle about Longacre
Square. Their position is that property in that
neghborhood and along the line of the rapid
transit road will be worth much more five years
hence than at present. and is, therefore, good
investment.
The intention of the Chamber of Commerce to
purchase the Real Estate Exchange Building, at
Nos. So s1 6S and 65 Libertyst, and build in its
place a home for itself pretty generally known
a week or two ago. and the announcement of the
signing of the contract yesterday by Norris n
Jesup, president of the Board Of Trustees OF the
Chamber, and Henry Morgenthau, president OF the
a surprise.
Possession will be given May next. when the
Chamber of Commerce will begin at once to de-
molish the present structure. The building to be
constructed will be classic in its architecture. 1t
will be occupied solely by the Chamber. save for
the ground floor which has been leased for a long
term of years to the former owners of the prop
erty.
ii will be 1S2 years April next since the
Tavern. which building is still standing, at Broad
and Pearl SITS, that thirty-fOur merchants met at
tons from that time TO the present have been; In
1863 the Exchange in Broadst. in 1779 TO the Mer
chants Coffee House. at the southeast corner OF
Wall and Water SITS; in 1917 to the Tontine Coffee
in 1927 the Merchants Exchange until that
Merchants' Bank at No % Waii-sf.' until 1858; in
that year it moved to No. 63 Wilam-st., and in
ms BRdns N 81 sas Lie
The purchase Of the site was conducted by vi LOUIS @
tate brokers'
John F. Hoingworth of Waukegan. H., yester-
day acquired title TO the Parker Building and the
131X150 plot in Fourth-ave, southeast corner Of
Nineteenth-st. from Jennie s Parker, Tor 9; S9oen
and the assumption Of a 100000 mortgage, making
the total involved 81 Oo The Parker BH0ing
the Florence apartment house. both taking up the
The Panorama Building formerly stood on the site
Several Fifth-qye parcels CHANGED owners yes ssi
Fifth-ave. 27xlGox irregular. from Allen c. Beach
owner re Of 30 eos Fifthave.. plot 225xIoo which
ne took from Emma c. Halsey and another the
The southeast corner of Fifth-ave. and Fifty
second-st. made over TO the New-York Realty
Company by Charles T. Barney. for $4,000 over
a mortgage for $S0O0o making the total considera-
Fifth-ave 25x85. to Eva Rosenzweig. for s25 500
Folsom Brothers have sold for r. g.. Rosa NJ
c Boidt No 40 Broadway a five story. iron
front building. lot 206X93
west corner Of Broadway aud Sixty -second-st
which they bought last month from Wright Bar
Piummer s. sharman have, sold for Thomas J.
Mclaughlin No. 35S West End-ave., southeast cor
of SeVenty-Seventh-St., a nVe story ana DdSS-
ment stone front dwelling house on lot 22SS5 ~ Wes
one-hundred- nd-eigheenth-st four five story fat
isaac H Clothier has sold three lots on the north
side of Eighty eghth-st., 125 feet east OF t1ftn,
ave, making plot 75.4xlOoS The purchaser paid
The Mathew Byrnes estate has sold the he four
ioT w -04' p AIangam has sold for Mrs sInyth the
three story brownstone house No. 81 East One
d-and-twenty-seventh-st. size lsxl0O to MT
Sutherland. upon private terms; -. ,o.
John T. and James A. Farley have sold the last
of the American basement houses but by theI d IN
lege site 1t is No 459 Madison.aye I'VE story sdory
& Gilman the brokers' withhold further particu-
lars The price is said have been about a2O.oc0
Closed O9er by the ssme Sroer in the dis
trict south of Fftyninth-st. of which particulars
The Of Demas barnes has SOLD LET'S tS Edward ard
east side Of Washington-st s. feet north of Myrtle
ave, Brooklyn. for S155000.
house at the southwest corner of sixth-ave and
Third-st., Brooklyn, TO James Mcbride
Joseph Hamershlag has purchased another lot
in Fifth-ave adjoining the south those acquired
by him from Robert Bull The present purchase is
lot 252xi022 252 feet north OF Eighty-ninth-st.,
which gives him plot 75.6 in the avenue and 1922
deep
Lizzie r. King has sold No. 200 West Sixty-sev-
enth-st, five story tenement house, 25xg0xl00
Bell & Houpt have sold Nos. 1,073 and 1075 Wash
ington-ave, two five story double Aathouses,
plot 6Ox9O to a client of John Byrne; also No LOT
Washington-ave,. five story double fathouse, on
lot 30x94.
G. Tuoti & Co. have SOLD to Mandelbaum &
Levine No. 325 East One-hundred- -and-siXth-st,
five story double tenement house, on i. 25X100n.
s. p. Goodale & Son and Charles S. Brown have
sold for the Cutting estate No. 10' Fifth-ave.,
business building, lot 29.6x1O0 Frederick W.
Marks at private terms