New-York tribune., 1903-05-03
THE WEEK IN REALTY
yeor's Increased Building 4ct'Uity-
Plans To Be Filed.

Il N0uiN .bo ,-asent wear will be the IN
sad activity in the building hne' t'ous"
to+aI amount involved in the puholle 49,, +be
h. a little less than the previous year 49,
-; -.o+istics of the present season sio" 'ii"'
enc Mans of ia more buildings have peeI Hien - IN I'M
January TO date than In the sdihe A - g.
season The total number Of bullolhes pi pioJe:.rt
-, ec+ are months OF this year was oi9 as aS'i,'
=, = .,a game months last year The estl-nateU
oet ~ the 6i5 buildings is 9SS' anu lor 'no
5o1 buildings the approximate cost Was pi''0 "
$50 190s39 .. ,,,ro,,e
,oante 70 ne undertaken this year nave ho' ~
e1d and when they are it is probable that liIe eS
mated cost of the buildings projected tills So
no much greater than for the correspoluil7
last year. Among the plans not yet FLED are those
Co. .ha ii- hotel TO stand the site Of the Sturte
-. 1r,,,ea at fhe southeast corner or bFodu"dS
end Twenty-ninth-st., and the twenty 49,.
office building take the place OF the
1,i,d; No III broadway. Plans are also 10 De
,5 for the eleven-story office and loft buholis u
= ne an tho nrernises occupied by the Young
Nas christian Association at Twenty ana
Fourth-ave., for the hotel whicn is 10 rise 80 a.
theast corner of Fifty-seVenth-St' anu A
vav and for the hotel to be at the southeas' 0V
ner of Sixty-ninth-st and Broadway. II IS 'ious III
,+ tho cost of the most of these buildings viii De
100000 each , 49,. tho
total amount involved in the titles conveyed from
January TO date S51 6S9,03. as against S''''I
OH for title conveyances for corresponding perou
last year.
EAST EIGHTY -sIXTH-sT. MoNEMhNi-
4 movement which is likely to make East fhsH,S
sixtf-st an important cross street Is wen uhue
way. Brokers hold various opinions as 10 "Hc"
n; reels or sections of this street are lkelE l" oe "
r-oa+eet demand in the near future. One broker de-
elares that the south side of the thoroushfare VIII
he improved quicker and at greater cost than the
north side and that the best type of business ouio
ings i'm the street will be on this Size. pe'"ee"
/ T1ird
No doubt exists as to the unusual demand FOR
properties the street The reasons given i"' '"7
demand however besides that of the electric cross
town lines on the street many and varied II
| = fracu.n+l1 said hv men who are well acquainted
with the character of the section that IT pronaoy
| contains more families I'm fair circumstances ana
of thrifty disposition than any other on the East
side The stores the district, 1t is said, long ago
found that these families good buyers ana eX-
! cellent neghbors and the fourishng condition oil
the stores of the people in the section mas at
tracted the attention Of many real estate specuia-
tors and investments and music hall and
| theatrical managers.
! For these reasons the movement to change thgh-
ty-sixth-st into an important thoroughfare is be-
coming greater each week According to reports,
many business buildings 10 he IIcteo N Nm, ene
street. besides music hall and IN thea5pe fbe tien
The section extends at Least as lar son s
enty-second-st and as lar norm as ,+ IN East
| Eighty-sixth-st. between Lexington and Thrd ayes
some Df' eXceent transactions in the Fifth-aye sec
| tion we're reported week. One was the sale ny
| T51cker Spevers & Co Corneia r Nash 10
Jesse & woodruff. No 574 Fifth-aye a four four story, story
| building on lot 25x100 feet for s23et'" ne buSeI
viii make extensive alterations to the blldlhg AZ
| the expiration of the present leases IWo otneI
| iIrnorfant sales in this section were NO 30 ana
| 80. e54 Fifth-ave.
| VIEWS OF REAL ESTATE PAPER.
The Real Estate Record and Guide" in its last
| issue in an article on the real estate sltuauon'
/ SAYS:
During the past week there have been larger
number Of sales reported than has been usual o.
late and the buying has been of an eHceliet qua
ity Iifth-ave. property is still very Inlci III 49,
| dence bringing constantly increasing E!ICss
| 4 large number or sites being purchased Tor
| business buildings the side streets, beAWTeH
| Twerty-third and Thirty-fourth SITS. indeed tnat
will be one the nosiest parts OF the CITY during
| The and winter Ihere Is no nag
ging in the demand for new business recommends +
| viii the announcements OF new a!!fti
bonses and tenements continue to be very large in
| deed The filings at both the Registers ofnce ana
| re pujldiag DEPARTMENT very heavy even IoT
this time of the year. and. so far as pro1ef.!sao
| h1dIpgs concerned. beginning TO 1uS!Iy
| The prediction. thar have frequently MADE thdt
| the buildings projected during 1893 would exceed
.bo lary