New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-11-01
THE WEEK IN REALTY.
Il Brighter Outlook an the Long
.fcre Square Section.

In the last month the volume OF business trans
acted in each week has been little larger than in
the one before. This was continued last week, with
this exception. that there were signs of awaken
ing in the Long Acre Square section and few
more transactions OF properties of large size
One OF the principal deals OF the week the
sale Of the Maxwell. a nine story hotel. Nos
20 and % West Forty-ninth-st.. by Huston &
Asinari Tor the Wells Realty and Construction Com
pany. OF Philadelphia The purchaser gave I'm part
pay the three five story hathouses with stores,
No $50 TO 334 Eghth-ave. plot 66x1oo feet.
The value Of the properties involved in the deal
was about $4,000 Another important transaction
the sale 10y John y. Golding and the Berdell
estate "a Albert Flake and several other persons
OF the old Guard Armory property at the north
west corner OF Forty-ninth-st, and Broadway. The
property has frontage OF 125 feet in Broadway
and OF 50 feet in Forty-ninth-st. The property was
offered at auction last spring but Withdrawn
at S422O COO
other important transactions were the sale by
Alois Gutwillig OF seventeen lots. comprising the
block front the north side of One-hundred-an
seventy-ffth-st. between Broadway and Audubon
ave; Of plot 50xIe5. 9x50x1lO feet. the north
side Of Ffty-second=st. 90 feet east of seventh
ave. by George r. Read e. Co for Daniel B. Freed
man. and of the sale OF the block front the
side Of Madison-ave.. from One-hundred-and-sec-
ond-st to d-aEdthird-st.. to the Hudson
Realty Company Ivy ex-Alderman Louis Mnsky.
TIE Real Estate Record and Guide" in its last
issue says in regard TO the real estate situation:
There Is no reason TO be disappointed with the
real estate market. The number of conveyances
recorded during the third week of the month was
20 against only 49, during the corresponding week
Of 1852 which is an extraordinary increase even for
one week. The number OF sales contained In our
gossip columns Is about the same as the week be-
and slightly in excess OF the corresponding
is. however. very different. Transactions in nifty
hathouses are reported. against only twenty-three
in the whole of this increase is be found
in the district north OF Fifty-ninth-st On the other
hand, only fourteen dwelling houses reported
sold as compared with thirtytwo during the earlier
period. but almost all OF the sales OF the present
year occurred no th'of Fifty-ninth-st
These figures show plainly how completely the
nature and the location OF the SPECULATIVE i move
ment have altered The former speculative districts
are neglected Even the lower East Side is receiv-
taking place in property east west and north OF the
park. but particularly to the north ana the east
Central park will lie RAPIDLY Improved: and proba-
bIv a good many of the small dwelling houses in
that district Will little by little be converted into
OF new buildings have also been made during the
last week than has been customary OF late or
prises OF that kind will be seriously started during
tie present IAN both because OF 6he & E1st
which Is tll experienced in obtaining loans but Il
tanab,e IN larger qnantites during the spring The
prospects are good for large amount Of residential
building in all the less central parts OF the city
Realty statistics show that many loft and store
buildings have been projected. In the first five
months OF This year plans filed for six such
buildings TO be built either in Fifth-ave. Broad
way.
The sites and cost of the buildings are as follows:
Fifth-ave northwest corner Of Twenty-first-st..
eleven story and basement brick and stone loft and
store building 6Oexi25 feet: cost. $4,000; Hudson
Realty Company owner: buchanan & Fox archi-
tects
Broadway. west side. 42S feet south of Thirty
second-st-, TO Sixth-ave six story brick loft and
studio building s35 and 59-3Xl307 and 107.1 feet:
cost $e.eoO: Browning, King & Co. owner; John
Z. Eitchie. architect.
broadway. east side 500 feet north of Seventy
fourth-st. two story brick loft and store building,
eG.IX66l and 73-9 feet. cost 5000; Daniel katz
owner George II. Griebel architect.
broadway. No COS twelve story brick and stone
loft and store. 296xla feet cost $4,000 Parmly
tate. owner: Rossitcr d Wright architects.
Spriug-St. south side p feet east of Sullivan-st
five story brick loft and store building. 25x67 feet;
cost. sl5.oco: J. WinteTbOttom. owner; Louis c.
MauTer. architect.
broadway. northeast corner OF Leonard-st twelve
story brick and stone office building SlX175 feet:
cost. $4,000 Louis VI. Jones. owner; Frederick c.
Browne architect
broadway. east side. 295 feet south OF Bond-st
twelve story brick and stone loft and store build
ing y Gx3G: cost $3.50 00e: Morris Zimmerman own
er. Frederick c. Browne. architect
The total cost Of the six buildings Is given as
xla