New-York tribune., 1903-01-25

money would the city receive each year for the
Improvements it had made to the vacant tract!
sessed the vacant tract for the Improvement but
would the money received from that assessment
The buying and selling of dwelling houses Of the
bright features of the real estate market and they
are likely to continue to be one OF the & raef
est activity in the dwelling house transactions
be in the FlfRsye SECTION and n TIN in ii ths
few weeks some extremely choice properties III mo, or
ership Among the principal dwelling house trans
actions last week were the pGrcRase s OF No
q the Adams EXPRESS Company; of No = WE West
Vest Tbiry yf by charies r Barney through
II. R. Drew ( Co; of Nos: and & 3 East 4gs Sixty
d by '3n f Rag
and the sale of M Ne II II M East Sn ert
through s osgood Pell & Co.
THE Real Estate Record and Guide" of yester-
day saws in part regarding the real estate situa-
ton:
Whatever the effect of the mex assessment upon
real estate speculation. it certainly is not discouI-
has been exceptionally active, and gives promise
not only of continuation of this activity, but or
becoming broader and more diversified In the
future for instance, two important auctl9n
erent TiS Darts Of the cit are schedued and
2n snring decided Increase Of activity in this
mportant branch of the market tenement prop
erty also continues to be in good demand and plans
for a large number of new tenement houses gre
beipg filed The bulk of tenement house BUILDING
continues be done the East Side. particularly
the lower East Side, but look during the next
few years for increase in the number IF such
buildings erected the lower and middle West
Side. 4 great many factories and warehouses
are being that part of the city, which both
drninishes the habitabe and increases the
local demand for labor. 1t will be many years be-
fore the conditions the West Side will become
anything like those on the East Side but it may
be confidently expected that before long Greenwich
Village will be stirred TO renewed life Our build
ing columns contain of the first announcements
that have been made of large Improvement timed
to completed by the date the subway trains are
running. A firm of building material dealers who
have held for years block frontage on Boulevard
LAFAYETTE which measures in addition, $50 feet in
One-hundred- -sixty-first and One-hundred-and-
sixty-second sts., proposes to erect thereon two
large six story elevator apartment houses. which
will contain altogether accommodations for nearly
five hundred families We expect during the next
few months to make many announcements of this
kind, although whether this number will be greater
or smaller will depend TO large extent upon the
syndicates controlling such huge patches of Wash
ngton Heights property. If those syndicates en-
deavor to maintain very high level of values they
will delay Improvements until builders take con-
fdence It is very much to be hoped, however.
that they will pursue the wiser policy of encour-
aging early building by offering easy terms in the
beginning; and 1t will be good thing for Washing
ton Heights also to have the property sold eff and
improved in generous parcels like that above de-
iha6