New-York tribune., 1903-02-08
THE WEEK IN REALTY.
.Acti1aty Throughout Manhattan
Island and The BrOnr.

No now, real estate movements were revealed in
the transactions reported last week An eHcehe'i'
volume of business was transacted in nearly every
section of the city. and the tenement mousse ueas
ON account of their large number attracted con-
siderable attention The fact that activity was no
ticeable throughout Manhattan Island ana Inc
Bronx was one of the most pleasing features Oh le
week.
Some of the best transactions were the sale OF
Centre-st landmark of the eight story freproot
business building No. II East TWenty-se cohu-S''
by John H Berry for the Provident Realty Coii-
pany of Nos "a and Sc West Thirty-tirst-st by
Charles H. Easton & Co., in conjunction with
Thomas & Eckerson. and of No I Pine-st. Inc
Pine-st parcel was bought by the McVickar Realty
Company permanent home for thelr business
The Centre-st. landmark was the triangular plot at
the junction of Elm, Centre and Duane sls.' hieas
uring Sc feet In Elm-st s. feet in Centre-st ana
90 feet IN the north line In that transaction
William A. White & Sons were the brokers ana 'ne
seller Mrs. Kate A. Wetherill one OF the a l.
Stewart heirs. AS expected, good prices were
obtained the auction sale of the holdings OF the
estate of George F. Gilman, the total sum PAID for
the parcels being 1894 100. The sale was in paruton
proceedings and most of the parcels were tenement
houses.
Pease G Gilman figured prominently in the news
of the week in the sale of a number of Park-ave'
properties to the recently organized Charter
Realty Company. These sales called attentoh
once again to the Park-ave. movement IL Is pe-
coming and more evident each DAY thdt
properties in the avenue are 10 De lrnpFo'eu
on extensive scale and q large numper OF 1ne
sides with high class dwelling houses. Renewed
vigor has been given by the announcement mace
last week Of the plans of, the New-York central
for improving It's station facilities 1t Is hopeo
that this movement will spread much further east
than Lexington-ave and will result In a demand
for store and tenement house properties in Third
ave. between Forty-second and trty-thro-sts
That store properties in certain sections OF 1hro
ave. are poor investment Is plainly seeh
| L,,11r 1ro6S nP
have been vacant for long time Some OF tnese
sections are in thickly populated tenement mouse
districts and the of these vacancies Is per
pIexing to many persons not identified with the
real estate market In speaking ABOUT TINS sec
tion well known real estate dealer SAID 10 a
Tribune reporter yesterday:
One of the most unattractive fields to investors
I'm real estate is certain parts of Third-ave Many
persons think that conditions in the avenue should
he different that there should be few store va
cancies and that the demand for parcels In the
avenue should be good and growing better every
week I have searched for the cause of the pres
ent conditions among the little storekeepers. They
tell me- especially those between Forty-second and
Fifty-seventh SITS, that among their customers
there are few living west OF Park-ave.. and that
the profits from the trade they do with the persons
living in the in the cross streets are not
large enough to induce them to continue doing
business In the avenue For that reason they
change their place of business as soon as they
can. When the proposed plans for improving the
lower part the Parkave- section are carried out
by the NewYork Central, and the district oounoe9
by Forty-second and Fffty-seventh SITS, Park ana
Third ayes is built up they think the little store
keepers in Third-ave. between Forty-second ana
ness and then and not till then there win be
good demand for small stores in the streets named
or for the avenue properties in the section.
OF course there are many sections of Thlrd-ave
where there are Few nTesten is exceent
Most of these sections north of Fifty-nthth-st