New-York tribune., 1902-10-19
THE WEEK IN REALTY.
IMPROVEMENT OF WEST-ST WILL BEN
EFT THE ENTIRE CITY.

The real estate transactions reported last week
plainly show that the market is slowly becoming
more vigorous. Some brokers are Of the opinion
that large and small investors and operators would
become more active if there was less alarm about
the money situation if large cargoes of coal were
rushed from the coal fields To this city and If no
new ideas regarding the taxation question We're
presented 10 the city officials consideration The
business done i'm the real estate market in the last
-" months when the money question and the coal
situation threatened thwart business operations
IN such way that they would not be normal again
Tor some months is taken indication that the
realty field is stable that il cannot be- easily at
tected II trying and distressing times continued
for a long time IL is thought that the majority Of
the giants OF the real estate market might become
peSsmistc. and then instead of Joyous days i'm the
realty field, there would likely be many dark and
torehodnE hours. II would. indeed. be a terrible
calamity il the operations To buy or TO improve
which are expected 10 he soon well under way
We're suddenly stopped and left in an unfinished
condition. What would be the results under such
a stoppase is hard To picture. and very unpleas-
ant thing 10 think about II is frequently said that
most real estate men have strong heart, which
Is equivalent To saying that they usually look upon
the bright side of everything. This assertion seems
to he true and every person Identified with the
market appears To he working on lines for the piac-
ing of real estate stronger and better baSis'
and with the municipal authorities also working IN
harmony with this good force in the real estate
market the growth Of the city toward greater
beauty and usefulness in the present realty season
Seems To he almost assured. -,
not lend his best efforts TO improve the water
line OF tais city to br1nS about tht nfiil'IS , ~ -
within easy reach of the markets for the same same
and for making the docking and storing So @ sI,dn
that 10 would pay many more persons 70 thsdse
in the barge business the waters Of the harpor
mouth wiz poor nier faciIities and the
gestion OF wagons in the lower section 81 WsstISs,
at times almost exasperatins it is no wonder ] tnI
many large manufacturing concerns which ~ ~W9uIu
Ike 20 be located in this city hulia t flSt@
where they can unload and snip S'puS dlhloS' a. a.
the doors of their factories I'm thls cdSs .Ie
,ft '5's S. Iegc ,b tt Loser There is no doubt
tLat ii great deal Of thus business which is lost
well known rraI estate men hold to this view
and best of all by heads OF great factories ~IISh i
press If any one has any doubt that the real
estate conditions are such as To he unatTdGIuiHr
70 The vast number of persors who are thlnkiins
be Glspelled by "a walk any business day 10 tn
lower West Side section Of rhe, cry here ana ana
there VIII bee seen great taAlg 2l tFIeKS - Inar
the drivers Of the trucks So ruilfd IN tTinPer per
heause hey fear they VIII not If LTlg ] 70 M heir
whips the string Of vehicles becomes more dim
annoying AK Il truckmJu how quickly he could
drive an ordinary wagon from tn" Battery TO
ana say with q clear way could EASILY do IL In a
few minutes hut II mt 'I WITH MIN g,i II I3'NS
The life of the buchanan ana tef business en L,IH
H., h irnrrovad to Il considerable degree in the near
future n me reports regarding the plans OF General
holrnt as reported i'm the realty trausactlGns OF
last week piers at Rect9r-st ana me NorLn Z i'.trt
Wc-t-st from Cortlandt-st. to the Battery as made
~ NcpoucaU Hawkes.. Commissioner of Docks.
and It Is generally thought that ne VIII t~aKt ~ Inr
initial step iu carrying out as gar as IN MS p"tL
of f'' pi~rs in This section viii follow his example
quickly and that Wcst-st from the htiirtE To & i's
present and The immediate needs Of the future
Some ~ ~" leading real state men sy 10 @' ~
4. he
fafI m viii max the lower West side section Of
wholesale and retail produce dealers and I" many
,dms ne demand for factory sites in the section
will 9r Erra'sT rna ] pI' - - tb ,,rds Of brfldsTs
and irlur1vers I'm the section will ne united. As
result Ola buildings which should have peth torn
down years ago and sold 70 oGmGG nenh''IeS aIo ia
tnsr. W. % & WlS TOY Tbs nm tories and business
and business men throuehout the country VINO do
sprlug huvirg here and The produce men and
many others should he better able 20 eohlq't theiy
business under such improved conditions - u VIII
he seen thar such an impro' ement would be a oene-
= 70 v,ry scion 9t ths city Mos, be ,1 %[ 1as new new
and many of them would probably become owners
esting fact that the EFFORTS Of a few have
been able 70 work many changes tor the better IN
Tits city Two or three men have been more or
less responsible FOR the changing oi lower ruin.
attractive ofica buil1ing sections Of the city.
Equally a~ important changes were brought about
IN the success ~ the building ougrattous % one
man I'm the east end Of Wall->t and in side
streets near 70. II Is houed that the same can be
said I'm "a little while about the lower section Of
West
IL is said that If all real estate men held the
same views about real estate and kindred subjects
and buyers could hc Won over TO their way OF
thinking. thc day for standard of realty values
might be- hand. But n is a blessing, # is also
said such Is not the case that one real estate
man can make 800 tD improving and selling or buy
ing where another coworker cannot make 81 The
majority Of real estate men cannot how a six
teen story bachelor apartment house No SIS
Fifth-ave can be- made u pay This property was
bought by loci Marx last week The size Of the
lot Is . by $50 feet Mr. Marx is said TO have paid
IfIIO OlsI fo ba