New-York tribune., 1903-01-11
THE WEEK IN REALTY.
The Business Of Buying Plots for
Self Protection.

-, estate market was not unusually inter-
,Stinr last week OF course, some pls ana ih'ei
Sti-c transactions were reported. but II appea4
-. oP them will afford students OF realty
co,s,,ions an opportunity II form tanles OF coni
ra-s+,ye values and to express an op'hoh ae -
tbe nrobatle future prices for properties III 'iie
districts under consideration
II Is sometimes said that there are many ~
,-sx+ics IN common between dog fancier anu
: student Of realty conditions If d dog rancis, M
suddenly eSpies large number OF ooss' no va
.,on and carefully watch the dogs, TO oelecI an!
s,e ,osnts that they may have The exper1ehceo
- - . .,.e do. fancier will soon discover whether
, dos are valuable not, and II they are ooss
,,,xsessed of fine points he will forget ain.USI %
sve-vttirs else about him except the ooss
rerort of a big sale does not cause lne S'uu
.a1,,- conditions TO concentrate his mlnd 1or d
certain time in studying the smallest oetah Ie
-s-5,rr it The sale must mean mucn 10 tIs
,,resent and future state Of the realty n1arke' II
.,,.+ either make a new purchase record or oe-
-,ore some movement which IS ne" ot uiA
g attractive when first studied
II the last week no such sales were reported
There was the transaction in which the Metro
-eltsn Life Insurance Company is to get the Maoi-
.on square Presbyterian Church property az the
.outg,east corner of Twenty-fou-th-st and Madi-
- -, and the church a new site That such
g 6sal would be made by the church ana the H.
sursnce company had been foreshadowed Tor some
wears by the purchases and improvements naue
3r the block bounded by Twenty-third anh twenty
Fourth SITS. Fourth anc MdulSeh avs ~ AiN ~
xlTrsuce COMPANY
7r-o deals reported IN the week which are
,--.,z- If considerable attention were the sale 81
. ,,.-srt Mot for the Marquand estate by John n
foasinz and the sale of a parcel at the southeast
r,,er Of Fifry-fifrh-st. and Sixth-sve by Samuel
,.1a5-.scl-ar for Justice +. Henry Dugro 10 Sal
,,a solomon The vacant plot has frontage OF
"a seet ana q depth of lGo5 feet 1t ad5oins inc
l,,nse sn which Henry q. Marqusnd lived The
,si.nr nrjce for the Marquand mansion anc vacant
,lo. which have been for sale for some months
l,ss been 81 seoesa What John J. Emery. who lives
al No ; East Sixty-eighth-st.. and who bought the
10, -, r,-otect the light and air Of his house paid
has ror vet been learned. No figures on "hich 70
form new table Of realty values IN the oisract as
. result Of this sale at hand.
The transaction. however, recalls n mino the
many parcels which have been bought by property
owners for the sole OF protecting the light and
"a, ~ tbeir piot or plots. Speaking Of the buyers
=, spef, properties well known real estate dealer
naio yesterday:
These owners saw rising on the edge Of ms
hescesf residential sections. and often IN the very
sgsr+ N scf sections, great apartment houses ano
aoss-,-oert hotels These apartment houses ano
ToTefs were quickly rented from the plans ana tns
1eT ID other persons decide 10 build similar
-fsss-SrS in the same districts. These buloine
,,Srsfjens must be KEEP within certain limits, ol
- ---e of the choice dwelling house sites Woulc
-. sev5o1,sv affected The only way 10 preserve thf
as,e 80 the sites Is TO restrict adjoining plots q;
s,S <r high class dwelling houses, or keep the al
5oining piots vacant The latter way Is cosus. ese