New-York tribune., 1902-06-29

tbumbed the realty records for many years for the
purpose of getting data by which TO form true
standard of values are often hearc 10 say la' TIC
realty problem is an intensely interesting one
rbere seems o end TO the great array OF
ee,rras to he considered by the student Many
people think that buying house is ike puTchasHis
a suit of clothes If the house pleases them anu
the price is what they consider 10 De reasoilaoe'
they buy the property When they nave got the
a ~ the marcel in their pocket they begin to see
how unbusinesslike they acted and just about that
time they may learn that they paid some thousaho
dollars too much for the property. II great many
persons would shrk the task of comparing
former and present prices. learning just what
might be done with parcel whether II is best
adapted for a schoohouse. a factory or an apart
ment hotel site, the great wideawake realty bodS
would thank them and they would be better
pleased with their investments. To calculate the
damage that and builders. and especially
property with little gray matter. can do IS
an utter impossibility. The CHASTITY marks Of their
work are too plainly i'm various sections of the
city. In the Greenwich Village and the West Side
section from the Battery up To Franklin-st there
are idle factory and loft buildings and other
properties. judging from the signs displayed on
them. than the city should be burdened with
There was a time when these buildings were in
great demand for factory and other purposes but
the owners Of the buildings could not keep abreast
of the times and one by they became empty.
many of the manufacturing concerns sought places
ciatGd. and for theSt and hundred and one other
the city was the loser. and not the gamer
=
some effort made at least 10 keep the tenants?
Greed for gain is the usual answer TO the ques-
whole block fronts the lower West Side
dormant. nay practically dead. to real men.
The awakening there is a hand. but il is a dear
awakening to those who through concerted action.
might have preserved and strengthened the section
especially well suited for big manufacturing
concerns and for large mercantile houses
If there any striking lessons to be learned in
the reported transactions last week they are the
three which nave caused considerable attention
among many real estate students. the first being
the great future of the West Side section
and the central section and the terrible to
the lower West Side section of the errors COM
nlitted years ago by many light Drained investors
and others.
In the review of last week. a number of compari-
sons of values of properties in Fffty-seventh-st.
comparisons We're formed by studying the recorded
transfers OF titles and transfer used in
the effort to get fair idea of the great increase
in uation in the section where cOnSidera ton
of the transfer not clearly set forth There
only two more records to be viewed and care
of the transfers of certain properties in West
Fffty-seventh-st One affects No. 13O West Fifty
story stone front dwelling house. lot 2Ox10o.5
feet. was transferred in September. 1897 by Mag
set "a = s,are foot ard e. sHH i 80 S', W.. OF ABOUT
In June. 1898. No. 1d2 West Fifty-seventh-st
four story stone front dwelling house. lot
in rear. transferred by Libbe NJ. r. Scott
widow. to Minnie r Martin The consideration
nominal and the property carried a mortgage
Of s21000 The tables formed from the ha We
shown an increase in valuation front foot in
Fifty-seventh-st. between Fifth and Sixth aves
from 1928 1901 s21Go and that properties in
Fifty -seventh-st. between Sixth and Seventh aves
ought to bring In the open market at least S25l0
The Hotel Endicott is soon be offered at public
auction in foreclosure The value of this property
will be much more in the future than now
One of the interesting sales of last week was
Tighe. the eccentric recluse and No 1Oi East Six
teenth-st