New-York tribune., 1903-04-26
THE WEEK IN REALTY .
Fee Large Transactions - Good
business Generally, HO1CeOer.

transactions For that reason considerable gruln-
bling was heard, though the volume OF business
done was as good could be expected Many retl
estate men said that there was little ACTIVITY III
the market If however, a good number Of trans
actions in nearly every section OF the city is looked
upon as a sign of listessness, what VIII Do sdIo VI
the market when the hot days are mere!
Scores Of persons active IN realty ahalrs thll'A
+a raaIt conditions are bad unless several trans
actions of extraordinary magnitude are reporteo
each week 1t is these persons VINO are collS'al'iy
looking for sensational realty reports, ana JUST o
cause there is no project similar to the Hotel Bel
mont deal or the Improvement of a whole Dlock py
some we'll known realty syndicate they
boldly assert It is about time to seek rural heiuS
for obtaining rest and recreation.
PURCHASES NORTH OF ''STAATS-zEITUNG.
Tho feature of the week was the continuation of
tbo nrrcbasing movement in the block just north
Of that on which the "Staats-Zeltung bullulhS
stands In the previous week Mrs Mary A Ryan
and F J. Middlebrook, executor or the estdI7
Of William NJ Ryan sold the old Connor Type
Foundry property, Nos. II and Is Chanloers-S'''
running through to No. 10 I City Han FIace' 10
Walter E Gerlach. This plot has frontage OF
en- feet in Chambers-st., 90.10 feet in CITY han
Place and 53.2 feet in Reade-st. Mr. Ryan oought
It at auction in April 1896. for Sl70,e" Ihe buyer
has not vet said what he intends to do with the
property.
If NTavor Lows suggestion for the erection of a
large municipal building and a general terminal
station Just north of the Brooklyn Bridge IS ac-
Mr.
over by the city. Whether or not the plan as Ia
vored hy Mayor Low is carried out the value OF
the block in question will probably be much greater
in the near future than it is to-day. Many causes
are likely to bring about this increase In Value'
The prfncpal one that the block is ripe Tor I'M
,rovament It's present market value considering
its location is ridiculously low, and the idea IS
gaining stronger hold on the builders that once
buildings on the block would be good investment
In the week just ended No. Chambers-st- or
fOI
containing about 2,1O square feet which forms d
part of the block in question, was reported to have
been sold by Mary Bischoff This report has not
yet been confirmed
PRINCIPAL. TRANSACTIONS OF WEEK.
Some of the principal sales and transactions Of
the week were:
four story building lot A.S1ax6o feet at
the southwest corner of Sixth-ave. and Thirty
etghth-st.. sold by J. Arthur Fischer for JUS
tice p Henry Dugro to S. May. Justice Dugro
bought the property at auction recently for S@.50
It is said that the present selling price was about
100000.
A ten story mercantile building. No. 10 West
Eighteenth-st., on plot 2Sx92 feet. sold by Johh
H Berry for the John w Stevens Building Com
pany to NJ L. K c. Ernst. The five story office
building. No. 4 East Fourteenth-st. a plot 33x
1888 feet adjoining the southeast corner of Fifth
ave. sold by John H. Berry for the Demorest
A Mot 100 5xl0O feet at the southwest corner Of
Seventieth-st. and Columbus-ave., sold by Ranaid
III.
for sum said to be Sl25,oOo ,, -.
Several church properties We're also sold last
church property plot s7x1Oo feet. at the northeast
6sn Of ene TGntn to nG aam61Tge Kleinfed Two
six story tenement houses will be built on the
EeWYor R5sRn'Se Lo%enfeid Ht & Prayer bought the old
church property % on plot S dfft on ' M feet
west Of Fifth-ave. Horace S Ely & Co. were the
brokers in this deal.
REALTY RECORD OF THE YEAR
haitian and The Bronx from January l to April %
was $50 as against 5,S12 for the corresponding
period Of last year The total amount involved in
the $40 conveyances was Sl,5456 and III the 5,8l2
conyevances $56,Og7 352. Signs that the mortgage
tax agitation affected the mortgage market are
still wanting. for the total sum loaned on bond
and mortgage in Manhattan and The Bronx from
January ! to date sl06l05,075 about 100000
more than for the same months last year The
tables show that the building activity in Manhat-
tan and The Bronx from January ! to date is
greater in the number of projected buildings by
two Than for m the Of he bdbs
this year IS more than $3,OoOVO less than for the
same months last year
REALTY PAPERS OPINION.
The Real Estate Record and Guide" in It's last
issue, says in article the real estate stua-
ton:
The news of the week did not contain very many
items of interest The probability that the Penn
sylvania Railroad Company Will build on It's Cort-
landt-st property foreshadowed in these col
last week. and will have Denehctal effect
on the whole district to the west of Broadway and
o the south OF Dey-st Another interesting an
nouncemcnt is the projected building OF two six
story mercantile buildings at No. lS2 to IA. West
Twenty-seVe This project Is not the first of
it's kind on the streets o the west of Sixth-dve,
and serves consequently to indicate the line of
the future expansion OF the wholesale trade. The
probability is that north of Ihirty-second-st II
will not spread both sides Of Fourth-aye. and:
of course it cannot afford the nel6hhornOod of
Fifth-ave. 1t will rather seek new accommodat tons
along the line OF Broadway, and as far west as
Seventh-ave at least This VIII undoubtedly be
most desirable direction Tor 1t TO take because ths