New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-03-06
A BIG DAY IN REALTY MARKET
HOFFMAN AND MRS. GERRY FIGURE
IN EXCHANGE OF PROPERTY

Some well known parcels OF real estate. valued
many thousands Of dollars. sold private
sale or exchanged yesterday. In one transaction
the asking price Of the property was S65o,ooo and
the parcels given in part payment for II were
valued at s35000O. Early in the day It thought
that there would he few interesting announcements
of sales transactions made, but soon after Rus
sell Sage bought auction No 103 and No 1G7 East
One-hundredth-st. at the Real Estate SaIesrOom
No. III Broadway. TO protect his interests in those
houses. the details Of number or important deals
were made public and others equally as important
later reported.
OF course, Mr.. Sage had nothing 10 do with the
late activity of the market the negotiations for
the closing Of the big deals reported later in the
day were begun some days ago Two Of the trans
actions affected Broadway parcels and corner
plot in the Tenderloin district. and another deal
the purchase Of a house in Fifth-ave by Perry
Belmont. Then of six houses in Park-ave
was sold and the Hotel Kensington. in Fifth-ave..
was reported to have been bought by a syndicate.
The latter report. however, could be verified
Among the persons who figured in the deals besides
Perry Belmont Holdridge & Ward the Rev
DIR. Eugene A Hoffman. Mrs. Louisa NJ. Gerry.
vife of Commodore Elbridge T Gerry. and the
executors Of the i. s. Jaffray estate
The Rev. DR.. Hoffman and Mrs. Gerry figured in
exchange Of property Mrs Gerry has owned
for long time the big building at the northwest
corner Of Warren-st and Broadway Adjoining
this building on the west side Nos. and
Warren-st., which have been held by the Hoffman
estate for years. The estate has its offices
in the building, which is five stories high and on a
plot SOB by IS by irregular. Mrs. Gerry took the
building Nos. and 6 Warren-st.. giving in ex-
change Nos. 81 and 533 Sixth-ave. at the south
west corner 'of Thirty-second-st. and Sixth-ave
The size Of the Sixth-ave. parcel 495 by % feet
With this parcel the Hoffman estate now owns =
plot at the southwest corner Of Thirty-second-st
and SiXth-ave., 100 by 100 feet Whether or not the
SiXth-ave. parcel is to be improved could not
be learned last night, but IT the general opin
ION hat Z Uyo,,Id no tho II
and Sixth-ave. properties conveyed yesterday
In the deed the value Of the Sxth-ave. parcel fig
ured at $l28,000 and the Warren-st. building at
100000
The most important Fifth-ave deal was the sale
Of No. $50 Fifth-ave. by Henry d. Winans &, May
to Perry Belmont. The property is at the north
west corner of Forty-seventh-st 1t is four story
high stoop stone dwelling house. % 5x1OO feet II
was the home Of the late Francis O Matthiessen
Mr.. Belmont will make alterations and occupy the
house until his proposed house TO be built on the
site recently purchased by him at the northeast
corner OF Flfth-aXe and Ninety St is ready
St set back more than forty feet from the street
on the east south and west sides The Matthies-
sen estate recently sold the house at the north
west corner of Forty -ninth-st. columbia College
, Ieasehold property to Cornelius Vanderbilt for
For the executors Of the estate of E. s. Jsffrav
William A. White Sons sold the old five story
Leonard-st and Broadway which VAS corner for 01
years occupied by the drygoods Arm Of F. S Jaf
Tray d Co The size of the parcel is 6lxI75 feet
The If property sold extends to Benson-st Louis NJ
Jones is the buyer. He intends to improve the
property. II is said that mercantile building Will
ne butt on the premises. Ex-Judge Charles Dono-
executors John r. WoodTu and Of F Th1Sh fRe
J. Hurst The heirs took in part payment prop
erty. valued at $4,000 The Acorns in the last
local political campaign had their headquarters in
the Jaffray Building ' 80 /"
The row of houses sold is at the southeast corner
Of seventy -frst-st and Park-ave. covering a plot
~ by 100 feet According TO report the buyer is
apartment house 'e
The Hotel Kensington is at the northeast corre-
OF Ffteenth-st. and Fffth-ave. The hotel building
proper stands on plot 80 by 100 feet and II is this
site that is reported sold a syndicate The site
has been held az 1925 900 The manager of the hotel
was asked last night II the report was true He
said Il have not heard of the property being
sofa. II II has been sold il sold subject To
long time "A"' i'i "