New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-01-04
THE WEEK IN REALTY.
Dazzling Houses May Be Built on
Hotel LaRgham Site.

large number OF persons have shown q strong
desire to know what win be made of the Hotel
1sancham property the northeast corner of Fifty
second-st. and Fifth-ave after May L 1908. for on
that date the United States Realty and Corstruc-
ton Company. which bought the property last
week through John y. Coi6ing. will take posses
sion. II appears to be the consensus OF opinion
among realty students that the building the
site viii be tom down and one or two high class
dwelling houses erected on the plot The parcel
has frontage Of about lis feet in the avenue ana
Of 80 feet in the On the opposite the
property. the southeast corner Of Fifty-second-s
and Fffth-ave.. Morton F. Plant intends erect
dwelling house fer his own occupancy. For some
u,onths the efforts TO the attractions of
this part OF Fifth-ave. residential section have
teen successful and Il IS thought that il viii be
many wears before plans for the erection of big
aaartment hotel 10 sand in this section viii be
carried out- AS TO the price paid for the Hotel
Lsnrham property. there many reports. One
Is that the purchase price sl.5eo.een and an
other that sl.eS0.00o This one Of the
principal transactions last week.
George ". Bell the seller in interesting
transaction. He sold through John H. Berry the
rev eight story store and left building Nc. East
s>eA eGteelth-st-. near Broadway running through
10 No. 10 East Eighteenth-st. This parcel has a
frontage Of 81 feet inches in seventeenth-st A
deal which attracted considerable attention was the
sale by Nichols & Lummis. conjunction with E
A Cruikshapk & Co. of Nos. Il and IS West-st. at
the southeast corner OF Csrlisle-st- This Darce,
has been owned by the Schermerhcrn estate and
heirs since 1901 II has q frontage Of IS feet in
west-st and Of SIS feet in Carlisle-st Il is COW
cred by old three and four story buildings Though
the Iowa apartment house. Nos 13s and 135 West
One-hundred-a nd-fourth-st.. vas sold by Police
Captain Andrew Jackson Thomas through the
Frank 1. Fisher Company. nearly two weeks ago.
many interesting details Of the transaction were
rot learned until last week Captain Thomas took
in part payment for the Iowa property in Syracuse
and in Long Island valued at $4,000 More details
regarding the purchase Of a plot at the northeast
corner Of Counabus-ave. and Eghtyfirst-st- by the
Colonial Bank for the Marshall Q. Roberts estate
flarp11 he ar1-T Z SfeT(
learned last week. This plot. which has for many
wears been vacant. has long been ripe for improve
It is said that the Building 10 be put up on
the premises will be designed as to accommodate
the bank in the ground floor corner. with vaults
in the basement The Colonial Bank Is at the
northwest corner OF Eghty-third-st. and Columbus
eve The Chisholm Realty Company was also
prominent in the realty of the week 1t took
title to The Kenmare apartment house. at the
southwest corner Of Ninety-third-st- and Central
Park West: t. No III TO AS Mooster-st. '5xlc9
feet and 10 X 153 wooster-st. 746xioo feet
The Kenmare carries mortgage Of S2Se0m No
I4I to AS wooster-st Of $4,000 and No l49 to
15s woostcr-st one of sarjC00.
A number Of other important realty transactions
were reported last week. One the sale of the
Virginia Hotel property. occupying the block
bounded by Eighth-ave. Broadway. Fifty-eighth-st
and the Grand Circle. By Mrs Mary A Fitz-
gerald. through Douglas Robinson. Charles s.
Brown & Co It is said that the purchase price was
about s423 ooo about $40 square foot which is
new record Another record is said to have been
maze IN the sale OF the Hotel Langndrn property
The Virginia Hotel property is one of the land
marks OF the city chiefly account Of its superb
location. 1t has splendid frontage, and comprises
400 square feet. One of the principal deals last
week the purchase by the proprietors of Town
Topics through John y. Golding. from various
owners Of No 323 West Thrty-seventh-st, No 30
West Thrty-seventh-st-. and No 32s West Thirty
eighth-st, which viii form part of plot on which
they VIII build eleven story building for their
occupancy.
The tunnel companies usually furnish in
Ieresting items each week Last week was no eX-
csption 10 this order OF things. for the Manhattan
Transit Company bought the entire block at Fulton
and Furman SITS. Brooklyn. a site for ter
minal station of the proposed New-York and
Brooklyn Tunnel.
The Real Estate Record and Guide of January
?. in article the real estate situation. says in
part
The last week of 1909 made a worthy ending TO
The year. There have been over sixty transactions
reported which for q week broken by holiday
and hampsred by than usual holiday feel
ing. IS unusual record Most Of the smaller
items concerned with property that is situated
south OF Fifty nnth-st-. and very large part OF
them with properties south OF Fourteenth-st The
HARLEM anG Washington Heights sections have
e almost entirely neglected which may be part
~ Igl- To the amost inJolerabie overcrow6ing that
~t:n continues upon the surface and elevated roads.
TIE most important single piece Of news Is the
statement that arrangements have practically been
completed for the absorption Of the thompson
Starref Company by the United States Realty and
Construction Company. This absorption was fore
sha3cvel when the merger was originally made