New-York tribune., 1902-02-20
ALMOST RECORD PRICES
REAL ESTATE SALES INVOLVING
SI.OOOOoO MADE
PROPERTY IN BROADWAY WULLAN-sr
FlFTH-AVE. AND RIVERSIDE-AVE.
BOUGHT FOR IMPROVEMENT
AND INVESTMENT
AND INVESTMENT

large realty parcel in the Wall Street district
new ten story ireproof building in lower
broadway. plot in Fffth-ave on which stands
Iour story dwelling house. near the Waldorf
Astoria; the old appraisers stores al West and
Laight SITS, and a plot of ten lots in the upper
Sectoh OK Riverside-ave.. were sold Yesterday
All 'he properties were sold at private sale ex-
cept the appraisers stores which was knockot
down to the highest bidder at puhI;. a,,.,i, :.
the Real Estate Salesroom by William NJ RvaD
Ihe total value Of the properties was about
S4OOOOOO "'Ou'
Ine value Of the parcels and conjectures as 70
the future use to be made of the propertiaS ~
not the only attractive features of the sa.o-
from real estate point of view. The Fiftb-aya
property sold which Was No. 30S Fiftb-ava- Il,
four story private dwelling house. on lot 24Sx
100 feet-brought one of the record pricas ~,
real estate in the section if previous report. ar
correct At the sale of properties owned h,- a.,
estate of Josephine l.. PeytOn. at the Peal e
tate SalesroOms. on Tuesday. by James l. Wsuy
Benjamin Altman bought No. 3ti3 Ffftb-avs
five story brownstone front brick and iron b,,iI5
ing, with three story brick extension On
lot 125 feet deep and 1T.6 feet wide. The rio+
of ground which No. 5'S} Fifth-ave stands
comprises 200 square feet. Mr.. Altman paid
S16hOO0 for that property, OF $7+ a square foe,
1t was, said after the sale that ST4 square font
ave. property. This figure was increased by six
points yesterday when G. r. HarreH sold M
@'S Fifth-ave- for the Cushman estate to J.
Kennedy for $50 square foot. at SSOO0 a
front foot Mr.. Kennedy intends TO alter the
building for business purposes.
The old Appraisers Stores are in the block
bounded by West. Hubert. Washington and
Laight-st- The property was bought for S5T
600 by Henry b. Seaman. of No. ~ WaII-st
ra1 hot Ho Il
sylvania Railroad Company This however. could
not be verified. The stores are within short
distance of the property bought as a site for
terminal tunnel station to be built by the New
York and Jersey City Railroad Corporation.
The property which changed hands in the
Wall Street district was the premises occupied
by the Bank of the State of New-York at the
northwest corner of Wilam-st and Exchange
Place. 1t was sold 10 the Atlantic Mutual In
surance Company by the realty association
formed by Charles w. Morse. 10 build a new
home for the hank. which recently bought.
through the association. number Of parcels OF.
the north side of Exchange Place between
William and Broad sts. TO form part Of its new
building site. The site now occupied by the bank
comprises 1883 square feet II has frontage
OF 41.5 feet in William-st and S9T feet in Ex-
change Place.
II is said the insurance company paid $1,000
INV TOT tne property, which would he about
$50 square foot for the land. II these figures
are correct, this is one Of the highest prices ever
paid a square foot for property in the Wall
Street section for some years. 1t is said the site
could have been bought about year ago for
Ss0Oo0
The Trinity Realty Company. which vas
prominent the big auction sale Tuesday
last bought the important parcel sold in the
upper part of Riverside-ave. Bernard Smyth s.
Son and VI. f. Alexander the brokers n.
this sale They sold for ,. Allen Townsend
plot of ten lots the south side of One-hun-
dred and tventy-seventh-st. extending from
Iiverside-ave. to CIaremont-ave, being 100 fee
in Riverside-ave.. 1S6 feet in One -hundred-auI-
twenty-seventh-s and 100 feet in CIaremont-
ave, being the southeast corner OF Riverside
ave and -hundred-and-t twenty -seventh-st.
and the southwes- corner of Claremont-ave. ard
One-hundred-a a nd -twent y-seventh-St
For TSoehm & Coon. James l.. Libby sold Nos
j32 and Ji4 Broadway. a ten story ireproof
building and Nos. 81 and ~ Wooster-st. A
seven story mercantile building, 70 the Provident
Savings Life Assurance Society The sellers
took in part payment one of the largest business
buildings in Waco, Tex This deal involved
outlay OF about 81 .J00Otp
PITS POYAJT| OV ITS POTI