New-York tribune., 1902-12-28
THE WEEK IN REALIf.
Eo. Ne5c Tenement Houses M Less
Than q Year. s19. 500, 600.

-, -ea1 estate men have TINS Seoi nc
a-ous business. and il they 90 as -
81 -, will be satisfied. The prospect lo %s,,+
ls1S tieS ,.oes IN the coming year Is bright
Feioii . -. several wears the building cpeIo'i
70. ,,,y have heen on such DIG So -,
-. . MT only persons not acnFeiy -, to-
% .7+y world but also the people MiiO - f
lNe ..,a 1een nrcrainent in 1t f1ui.O'
along 'iine - ,,ean razed and on the piols
oia - occrnied have been erected some o ~
.sl,i,ee examples of modern aioi ,.l
,.,- .or,,ora tons with many 'riiiiiO.'0 -. ION
'' - ,,a, Incorporated. which nave pooe -,
r., Do+ only 10 resell. but TO lnpi0S' - ,,av
eit ~ 4,,or who it Thought was 70 -.
esua'e .,+ ,,art in the market wnen 'he ~
.t ies ~ some Of the big realty coIipf ~,
,,,ced mas seen his business eio" -
,,o,, frequently said that the 0i'E -
= g. orc realty corporation OF oiie - .l+1-
80 of brokers. This means tha' -, ~ r,-en
,in can attend to all the opeia'0 ,,e
coIpOl0lo- i p,-exer will be found man. pI >
IL 'i ,,,- +,a+ their days comnlahohie -.
W, VI a1 estate market are nunDeieu' O. 18th
= "a, ot he long before all the oft xs,se5 TO-
y - III he done by group Oh ,s nieI - "a Ike
,e If such is 10 be the case ~ ,,a,,sl,tz in a
ssUie ,l-ars long to sink their ihoiNio she
these ploN- =. ,orobining their talents Will ~
corporation by colhO1Ai--e
..lsnts of other men, ~ +be hetter
ot -he many things accomplished iV ooa effect
. -. b,,lding life Of this city ' ,o, the
g. +bA Tenement House "a mas -oaob,np as
he
tenement n-otscsa and speeches. most Oh W lne
70 Ii m -, nth loud voice said that 'he IA go
po,,la r,in the small owners Oh .I-s,.srts IN
.-ses and cause the dWeliers IA 80 +l,s,
- tiener rrices for a roof over theii -, cor
pay - ,,er Maid before. Men who hate 80
they mao eNe4 - - ;r realty affairs have long
msns - +be majority of owners OF teiie' ~
- ro-erties as among the snre"ue - ~
e -,., estate in this city. Unoer tne zss +ene-
=. - from January TO Deceiloe :. that
,+ houses we're built in TINS oiSs' -, 7-here
,ber AL have been built In TINS , p0 =; The
NUM- ,,s,aarah1v more expensive thah =, -
- IN Fsrooklyn or in the other Two ..n zTs ooo
"a. +otal cost Of the $50 buiioihss 1osne
ca me-, do not invest ths' sum 4sir
So y cy,e ia which the prospect "a
venture oi = +,,-eetn,ent ts not practicalIy as
prom - - = 40 date type of tenement -, :
- success from an investor 5 PoihN % -, = .,a old
- .,.ra is so much more atuScO -. ,,o,,se
ne" Sf,--e no must live in the tenement houSe
styie 10 Ol : - already been found by many
. 80 The rentals in such districts tia' t.e W
=, i've IN the new style houses sui
- .,,.- rent money the DAY naLie; rila
.,,o.+or urill not have to can asa4ii 80 - d,
- came old familiar complaints apOuI ,. 80. y,
- s-s heard from those who coi coileo1 T.
rentals sI@ "a tyne Of tenement houses In
IIa.s -, liens for sixty-tnree new teIleli. t
tss~ vrerA filed for ali five boroushs' Iep - ne
.o.a1 cost Of 81 $4,000 From 0ailoeis ,tored
o.rofsr / rs old tenement houses uere at
tended ,t,~ deals were re-
w., interesting details OF the piahe
+bo nov, wanamaker store were ni"u ,,,si,gs II,
- .ba onening cf two more business 49, and
-.1 -. Couare section were announce, 60 -,
ne sreeies e,eiress established by H oNeiH
% = ,,ro+ber I'm 1867 together with the s1oi So
- s,,7 70 William {. Strange the =, o,.
=e,r - the business This business IT,. -r-sh.
.t.,,s a. tl,e old stand as reported IN oor
Nm. N Wednesday under the same i@- TN. sto,e
-, - he formed for that purpose In" tre
po.a'Ion -. ,,-os resold by Mr.. Strange 70 tHS t
am e-r -.o.os pealtv- and CONSTRUCTION ooNhi'aii'
BESIDES these transactions large Ill - -,sC .c.
-ortsr+ sales Of properties in the "es. tn.
tion sbove Fifty-ninth-st were repo .ba,
transactions in the West Sloe p-.rls 7.
ono rr,n alone ia the last ten days-'ile &C., :.
- r,,,,,,snz-Das the broker in the sane "
-srcels valued al moro than sleoooco, ihee P
er.ies were the Iowa. No. l3o west ole- ol. ~.
srs-f,tr-th-st: the Swannanoa NOS IVo -.
-. T-ts.a.,,t,-st A plot 1oos102 feet al 'ii'
e q = -. of F-sehtv-frst-st. and Columbus
s,z cor the Marshall O. Roberts estate anu
,. a. +,e sou+beast corner Of One,hunoreot.e t hs
nirtn-st and Riverside Drive on ,t 81 COO ],
erected an apartment hotel 10 GUS se the 1our
deal which attracted much attenn9h @ omnanx ma whict
chase by the Broad ,1t On Tuesday Of tbs
psrnv FiJildiag Nos. 1s5 and lsf rS0r,IsSSdt
~ SS5i Henry Corn The plots Of the TWO ouliDiie'
form n v Building is six stories high g,o END fsf ha:
~ frrn n is on plot 81 exlooxS.- 5es
!, adjoins the Benedi91 6bs SeSorfandtst The smtt
building is seven stories hlen about II 50
eSt Henrv Corn acquired the Smith an an
Permlv buildings in pecemher Iso., trade for tht
Eleven story and loft building whleh hsthst mhs ane
built al tie southwest corner q cehsII o Roberts
honie T6e s. Smith m and Parmy bgiaiggs] ] aFs sai0
have figured in that trade at ABOUT Si''O'
ae~orr ARRAY OF BARGAINS