New-York tribune., 1903-04-19
THE WEEK IN REALTY
Less ActiUitg than Last Year, Er-
cent an Tenement Houses.


unless there is an increased activity IN building
operations and more purchases Of property than
.u the last few months the present realty season
;~.u probably not equal the remarkable volume o.
Business done last season. except in the DudirS OF
tenement houses. II was shown in the weekly re-
port OF realty conditions printed some time ago that
the greatest activity this year is in the improve
rrent Of many Side parcels with modern tene-
srent houses, and that the number Of such tene-
snent houses in course CT erection or planned vas
much greater than last year.
IN the -ransac ctions reported last week. and IN
fact since the first week Of the present season
rrany cheerful signs will be found which clearly
indicate the excellent condition Of the market
The best known optimsts IN the market do not
expect that each year viii be better IN every re
spect than previous years, and they are oehghoeo
If any season compares tavorably with the remark
able record Of 1902. Up 10 the present time this
season almost equals the volume Of business trans
acted for the corresponding period Of last year
The totsl amount represented by the Gtle convey
suoes in Manhattan and The Bronx from January
20 April Is was SIS 32 S16 against S3l25Slo for
the corresponding period OF 1902 While these nENre5
show q decrease in the sum involved in the ute
conveyances Of mere than szOoooo the total mum
Der ~ corveveDces n Manhattan and The Bronx
ehis year 5sl5, against 5.5oS for last year.
SHOWING q large gain in the number q properties
affected The total amounts loaned on bond ahc
mortgage IN the months in question show that
about s. 10000 was obtained on poIo anu
mortgage last year than this
Now as TO tre statistics Of projected buildings
In Manhattan and The Bronx, though fewer build
ines We're projected last week than in the cores
ro.ding week Of last year, the approximate COST
Of the former buildings is S44245 as against $751;
So for the latter Should similar conditions pre-
vail for about . month the sums Involved II the
projected buildings for the first six months OF ts
year would probably excecZ the total amount spent
IN the erection OF buildings in the first six months
% 1902 From January 10 date 5l3 buildings have
been projected il Manhattan and Ike Bronx as
against 5g3 buildings for tie two boroughs for the
corresponding period OF Lass year an increase OF
eight The amount involved, however, in The 5l8
building operations is mora than 100000 less than
eoT the SO OF last y-ar-
NOTABLE TRANSACTIONS OF THE WEEK
In the last week one of the largest realty deals
OF he season was reported. John r. and Oscar L.
Foley acted as brokers. They sold for the Sea
board Realty Company, 10 George E Wallace Of
Rochester N H for s.. .Ooo.o1o the Seymour Hotel
No ~ TO 30 West Forty-hftr-st, running through
70 No 43 West FOrty-fOuITh-st- The property has
e. frontage Of 50 feet Forty-dfthst- and lS9 feet
in Fogty-fourth-st Each lot is 1905 feet deep. or
a total 2oIO feet. The plot is covered by thr-
xeen story hotel. The building Is Of hTeproof con-
etructton contains 20 and IL bathrooms. Il
IS modern IL every particular The building was
Nronpleted last September and is leased to ten
ant for tvventy-one years from October / 1902
A transaction which attracted considerable at
hsntion The sale Of plot, S5Xl25 feet II Cen
1ral Park West go feet north OF Sxry-ifth-st. by
Hall J. How. broker, for Jhe German Lutheran
f2Vangelical Church Of the f5Oiv Trinity Alfred
+. Coburn- II adjoins the home OF the church
the north corner Of SiXty-1Ifth-SJ- and Central
Park West The buyer VIII hid Z Ten story apart
1nenc house, with one apartment to each floor.
A number Of choice parcels IN the upper Sixth
ave. section have recently changed ownership Last
week Thomas =. Eitzsincous bought from the es-
tate OF John Lacy Nos I49 and 15i S1xrl-ve.. TWO
70 story buildings. on a Plot 5S 5XJ feet He has
all bought No. 1e2 West Forty-third-st.. four
Eno forming an L with The SlXtl-aVe. parcel
With the Forty-thi-d-st. lot the south line Of the
IL shaped plot is s0S feet ArneS & Co and c. Z.
Jeppter were the brokers. Nj. FiCzsimOns has al
ready taken title TO me property. The reports OF
last week also revealed more purchases in West
Seventesnth-st. hy the HUDSON Realty Company.
One OF the most gratifying signs OF the present
Eeaity season IS the fact that there appear be
Jess TO Let boards a6ornrg the fronts Of build
zngs than IN many wears on Nav many business
concerns VIII move into rev and better quarters.
The majority OF owners Of business buildings say
that they have had little trouble to obtain their
agures for rentals. In some districts the present
rentals show increase Of about 90 per cent and
IN other districts nearly 1U9 per cent over the
rentals Of several years ago.
OPINIONS OF REALTY PAPER
The Real Estate Record ana Guide Of April
Is says in article on the real estate situation
The sales reported during the first three days Of
portance than Tor any three days Of the present
week. On Thursday the business announced in
creased both in amount and II interest and so #
was on Friday. The temporary slump early in The
week probably the reflex Of the uncertainty
THAI temporarily overlook business enterprises il
cur1tf=s case. although there IS no reason IN the
MI 2l1- f-~T on