New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-03
THE WEEK IN REALTY.
ActiUity in Fifth-aUe.-The Years
Record.

TIN. last week OF the old year closed in a pleasing
manner with sale OF No. S5e Fifth-ave-. a hVe
story building a lot l6sx1eo feet al a record
price for inside lots in the Fffth-ave section. The
property is separated by No. So Fffth-ave. from
the holdings OF benjamin Altman in this block.
which IS bounded by Thirty-fourth and Thirty-hfth
sts Fifth and Madison ayes. While il is said that
the buyer is a Mr.. Wright. II is thought that he
represents Mr.. Altman. who owns IN the block a
plot fronting s. Fifth-ave. and Us feet in
ThIrty-dfth-st. According to The Real Estate
Record and Gude" the price paid for No 1853 Fifth
ave. py Mr.. Wright $4,000. Frank l.. Wing,
the seller took tile The property IN 1893 fer
stated consideration Of sl475oO. The lot contains
only Coo square feet The present sale furnishes
the following interesting comparative tables:
Price square foot raid by Mr. Wing for the lot
Price square paid by wr. Wright for the
Increase in price square year...... IS 81
other prices paid for parcels in the block IN re-
cent years said be follows: No. 36S Fifth
ave. at a square price OF So o. and for No.
$50 Fifth-ave at the square foot price OF $50 p
This purchase Of No. 859 F1fth-ave. should stmu-
l.e the demands for Fifth-ave. property. especially
The best business sections. In the last few
Il weeks large Fifth-aye parcels have changed
hands. and this realty awakening in the avenue
l.- eecared apparently the notice OF many per-
IS ide-tined with the real estate market. When
eve There is good market for high class prop
ety there IS usually vigorous activity In all lines
OF the real estate business
From now until summer there is likely be
many purchases OF FEfth-ave. parcels improve
nlent IN the future IN fact. the number Of
purchases OF such plots may come pretty near 70
smashing AL previous records. Il is thought AS 10
what changes VIII take place in the architectural
lines OF the Ffthave sections the present year, all
si6ps indicate that many old buildings and land
marks VIII be torn dewn and be replaced with
splendid modern buildings Great activity is eI-
peced this year, only in the Ffth-ave. sections
West Side the Harlem, The Bronx the Long Acre
Square sections ana particularly in Thrty-fourth-
St. between Fifth and Sixth ayes IT IS also ex-
pected that there win be a good purchasing move
sueut for Improvement IN Sixth-ave. from Four
teenth F1ftieth IN the Manhattsnville and In
gnany downtown husiness districts Thus It will be
sesn that activity should be widespread and that
sater humber Of buildings than for some gea GF
The comparative tables for the building Stats
tics title Conveyances. recorded mortgages etc
Cor 1872 and 1898 show large decreases. and some
lows:
uoa. 1902 Changes.
-'c oai%syaaoss SO $40 is7e4 1885 mo 1913
eonveysnoes .s11o12s.5ss s1s7.mz47l Dec s2as2es2s
ages ....-.... Isoo2 ia,s4s rne. 1884
Torteasss 's272 500 $50 500 .assls DsO.s27
inss prossoted. L7Ds LESS Inc. II
6aiidinss 49,. ssiss7.42s ssre442sT Dec sssss. s42
sApproxtrnated
REALTY PAPERS OPINION.
The Record ana Guide" in its last issue says
in part in regard 10 the real estate situation:
Quite The most interesting speculative district OF
ManhaTtan Island Al the present time is the neigh
borhooG OF F1fth-aYe in the vicinity OF Thirty
foLyth-st and the neighborhood OF Thirty fourth
st In he vicinity OF Bifth-ave. The district Is
peculiarly interesting. beth because Of the new
buildings which now in the course OF erection
ano Tie further Improvements which are promised
IN the near future. Within the year the Tiffany
ard Corhaa companies viii be occupying sites only
. q few blocks from the corner, while other
lfr.idings designed for the retail trade going
uo orc on tho corner OF Thrty-fourth-st. and one
a reSy hundred feet further Then there is the
Yter tgelve story office building of the Century
Realty Company, the north side of the street,
wiIrh viii 3. completed during the coming spring
efr3 the busG,ng Tor Revfllon Freres. which will
be begun shortly the site OF the LOOMS man
sion All these improvements assured, and
constitute slone tidy amount OF additional bust
ness activity for the district.
ssul this is not all. There is a number OF parcels
OF property thereabouts held by various own
eIs which VIII undoubtedly be improved in the
near future. The Century Realty Company owns
ulo with frontage OF 100 feet 20 the west OF the
building Il Is now erecting, OF which some DISPOSE
t!on WI snon be made. ard the Henry Clews man
SION Is IN The condition; FOR II the several
Other buildings promised are actually
erected there VIII be rust. for available sites In
he