New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-20
Dan,.I 2 Freedman Is among tas rrvt real :.

Daniel 3 Freedman Is among the first real q.
tate men TO become identified with this awakenu,
OF ManhattanviiIe He has bought from the Karu,a.
estate 20. 121 to 1T Manufactured. old buildnes
on plot ido<75s feet; from the O'Brien estate y.
IS Manhattan-st.. four story building. on b.
25x1O0 feet and from the Twelfth ward Bank N,
5 Manhattan-st. a FIVE story building. on 4.
25x1O0 feet. Hall J. How Co. were The broksr,
IN these transactions. Mr.. Freedman is an Opera
tor-one Of the most successful IN this cfty-aaa
his presence in the section IS proof positive that -
is firmly OF the opinion that the day for the up-
building OF that section has come.
So far as can be learned. no purchases have bee,
made to carry out plans for Improvement. but thsy
are 70 be expected in good season Operators ara
usually the first leaders in every movement OF Tia
kind: then come the builders. and after them the
investors 1t Is difficult to say Just az present On
what lines the district Will be mostly improved A
certain limited seems 10 be best suited Tor
factories. warehouses and certain types OF bust
ness buildings That part OF the section Is nslr
the docks. The greater part OF the district VII
probably be improved with modern apartment and
fat houses
.rhe Real Estate Record and Guide says in pare
In its last issue in regard 70 the real estate sia
ton:
The real estate. market during the last week 49,
been still more so It's most prominent character
isS has o s nb4er 20 East Side and is os, eos
spicuous lack the scarcity OF -hs sac Or Priyats
residences
tener1ents situated north OF F115y-nicTh-sJ
repOrfed against only nineteen Tor the correspond
ing week last wear, while the private residences
announced as sold have diminished from twenty
four eleven. What - more interesting however
is the continued demand for vacant property avail
able for Improvement and situated both north and
south OF Fifty-ninth-st- Double the number OF los
have been sold during the past week a. cuFing ths
week last year, and the Total num1e-
Of sales has been increased BY some % per cant
These figures are underiaoly impressive las
activity Is charging rather than growing less; Z
broadening rather than becoming narrower. Thera
is evidence Of steady investment demand, and ths
utmost confidence is shown IN the necessity for sd
diJional improvements
among the years Of large apartment house building
in Manhattan-perhaps higher than any others eT-
cent those in which construction OF this kind has
been artihcially stimulated by changes in the build
ing laws The danger IS indeed. thai such building
will be overdOne at time when large amount y
new habitabe territory viii be opened Up by tbs
subway 1t is Just well. consequently, that gen
eraI conditions will not be particularly favorable
because IL looks II this kind o. building will -
The general building outlook IS also unCou5tedlv
becoming better than Il was. for work Is being
Sunned on a number OF projects which were acan-
doned during the strikes last summer The struct-
10 consider any lowering Of the rr!ce OF steel
shapes. and those who supply most or the material
for the New-YOrk market report a good inquiry
for future delivery. While number or large resi-
the new hotel on the corner o. Fifty-seventh-st
and Broadway still the great activity, az least ia
the early spring. win be found on the upper East
Side. in six story dathOuSeS and tenement houses.
That district will during the next few years, usurp
the place which the lower East Side formerly
pied in the eyes of the speculators and Operators
with results that will ma Ike some interesting altera-
lions in the character Of that district.