New-York tribune., 1904-10-23
THE WEEK In REALTY.
Record Deals IN Vacant Land y at''eG
at Mann Millions.

at Many Millions.
s.a ,uv.hpsinr raoverne-s fn the Fort Washing
ton Heights the Dyckman and The Bronx seolIol, -.
co1sinues 20 be the feature in the realty markeI
Vacant land IN the sections valued at ABOUT saVo'
600 changed hands in the week All signs indicate
that this movement viii eclipse IN many ways aIs
similar purchasing movement % vacant pio's ~
many years. The strength OF the market toF lar0
an the sections which can be improved at once oi
An the near future was clearly shown by the
Ouick resale OF the Faile tract in The Bronx oy
the Central Realty Bond and Trust Company.
Il is seldom that there is any great movement
which has not some displeasins features ms
one is no exception The little investor is not
active in large numbers except. perhaps, as the
movement affects the Dyckman section. There
the small investor can be found In larger numbers
than IN The Bronx. and in some sections OF the
Dyckman tract he Is ahead OF the big operators
and speculatcrs and viii soon be found selling to
the big operators and spectators there. Because
he has taken the lead In various parts OF the
Dyckman section. the small investor expects and
should reap a much larger profit from his deals
that be could Il he had followed the big operators
and specuators into the section.
There was little opportunity for the small in
weston 20 become busy earlier in the year near
the Faile section In The Bronx. The Faie estate
tract 10 OF the largest unimproved plots in The
Bronx, and II would have been sold long ago II
any OF the eyndicates that were among the
early bidders for the land had been able TO pay
all cash for it. The Central Realty Bond and
Trust Company, with its vast resources could pay
al cash for the tract. and therefore II got T.
before the Ink was yet dry on the contract the
Central Realty Bond and Trust Company received
number OF offers for the property. and q few
Gays later resold H. Thus the way for syndicates
or Investors and small individual investors into the
Feile estate section was made by the Central
Realty Bond and Trust Company
INVASION OF THE BRONX.
Up TO last Monday the Central Realty Bond and
Trust Company had for several weeks been one
OF the biggest buyers OF vacant land in the Dyck-
man section. In those cases there had not been
even q rUnor that the company would be found IN
spectaculaT deals IN The Bronx. On Monday how
ever. Il bought through J. Clarence Davies eight
blocks, known the c. Meyer property and also
another plot of lots In The Bronx These pur-
chases formed OF the largest transactions in
vacant land IN Tie Bronx reported IN many years.
Three OF the eight blocks we're reported resoId on
Tuesday. The blocks which have so quickly
changed hands are bounded by Prospect and St
John and One-hundred- and -ffty-second-st..
and by One-hundred-and-hftieth and hundred
snd-afry-seooud SITS, St John and Leggett aves
On Tuesday the Central Realty Bond and Trust
Company surpassed the record Il made on Mon
day by the purchase, through Charles H Easton
& Co. and J. Clarence Davies OF the Fails act
n m Mo sys EO m company bought as' s @ los in
Bronx and has SOLD three blocks there.
about G.O0oO60 Charles r. Easton Co. repre-
sented the estate. and J. Clarence Davies the buyer.
OF InterVale-ave. and the north boundary OF the
pIoRertE eAtenGs eastward N neaTiy straight line
runs along the centre line Of Iafayette-ave The
There are about seven city blocks in the tract west
of the New-Haven Railroad tracks. and seventeen
has been prsEio,lsly re- soid on in small lots The
west
STORY OF THE FAILE TRACT.
This property has been IN the Faile family since
1884, when IL was purchased for $500 an acre z. G.
Faile the tea merchant Of South-st, was the
original owner. He built on the property a model
cattle ranch. importing all his stock from England
II his habit drive from the farm 10 his
6outh-st- ONCE daily. The Fafe property is in the
same general section the Meyer tract bought on
Monday by the same purchasers.
On Thursday the Central Realty Bond and Trust
structioD Company bought for about S,Ol0o0o the
0 9neS{ RFoPsFg n the ss block 6Sgne9 By
and-thiTty-siEth sts., Anl1terdaIn-are. and Broad
sold on the same day q piot OF about aftv lots
scattered. IN the Fort Washington Heights sec
aon. Jhe Donnelly property VIII be improved
on Thursday the Central Realty Bond and Trust
seven hundred lots, being part Of the Faile estas
10 the company this week The plot IS bounded on
the west by Whitlock-ave. on the south by Lsfay-
water Road and the Bronx River and on the north
by Gauison-age. The Hunts Point station Is on
the property. This property comprises about TWEEN
ty-seven city blocks, and TihaUv-Ft, Hunts Point
Road, Fale-st-, Bryant-st- Longfelow-st., Whit
tisr-et-. MeniCs-st and Drake-st. ana EdgeWater
Road through the property
M Davies also sold the day for the
Central Realty Bond and Trust Company sixty lots
on the north o. this tract. bounded by Garrison
which were purchased from T. b Fae.
The company also resold 10 a syndicate composed
% A. EllUs and his ASSOCIATES the balance 0f the
Faie tract. bounded on the east by Whitlock-ave..
fhe south bv InterVaie-aYe. the north and
10y Hunts Point Poad ard line nearly paral-
lei with Doncan-st This property contains about
sS lots there being niretVseven lots IN the South
ern boulevard and the balance IN Whitlock-aVe.
Hunts Point Road FoT-st. and Beck-st
These transactions cf Thu sday involved more
than s. 2o0 600.