New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-18

NesU-York Central Purchases
Manu- Other Big Deals.


sAc4ion Of the island showed signs or wholesoihe
y.gor and the activity OF investors was espeC1ailS
rieasirs II OILY one-naf OF the sites III Tue li'i
cisl business and residential sections OF Mammal
a., ,rh,., have hee, bought for Improvement are
hu,lt on next year should be record breaking
one in the number OF buildings erected. ihere are
also urr,1istakablo indications that this pu'ioHs
activity will not be confined 10 Mammalian ls4a4u'
b., NIL he general throughout the country.
Two Of the biggest improvements so far projected
which are be carried out in the near future arc
the erection of d home Tor the Wen AiioNi'
drygoods house OF b. Altman * Co. TO Slaid ia
tba east side OF Fifth-ave. from Thirty-fourth I"
Thir1v-ffth ST. and tho building or greater
Grand Central Station. Just how many BLOCKS me
proposed new station Will occupy is not puphely
known The New-York Central Railroad mas Al
,aadv bought through John y. Golding six city
blocks and with the one block cast OF It's track
which the railroad has owned for years u
has seven blocks which are TO be part or the
rroposed grander station site. These purchases
80, one Of the largest realty transactions ever
v,ada 4, this city. Up 10 Friday the New-1oFk
Central had bought for the purpose or improving
.ba +rsc facilities OF its station the BLOC KS POUNDED
~, Fortv-Afth and Fifteth sts PARK ana Lehlie
= 80 nth the exception OF the block which
q has owned for a long time. MI
~ rr6sv II obtained. announced in Tho
Tribune Yesterday the Grand Central Falace pioP
-,,- COMPRISING the block bounded by torty-'hiio
- s,,-,t sts Depew Place and Lexington
20 ard also the block bounded by tortE-Iour'h
and Forty-htth SITS. Depew Pace anu 60
ave with the exception Of No 10 East Or MA
9, a small plot which IS dWeiIhs H0u''
PRICE FOR PURCHASES NOT PUBLIC
1,,,.. I'VE railroad paid for the blocks it bought
ne -. 80 not vet been made public. but there
- -eno-t that II paid considerably more than
g 600 90 for the Grand Central Palace
- largest building in the block bounded by
F-ortv-fourth and FOrty-hfth SITS. Depew Flace anu
1e,,-r+on-aye Is The O'Reiny warehouse No 10y
- 10 East Forty-fourth-st. Another big building
IN the same block is the story hathouse Nos.
49s and 43s Lexington-ave., which was also o"heo
By the OReilly estate
The Grand Central Palace was built some years
ago II contains amusement hall and roof
1arson Many Of the biggest euchre parties ever
held for the benefit OF charitable institutions nave
been held there. Besides. many professional anu
amateur theatrical performances balls ana lhouS
trial and other exhibitions have been held WITHIN
s-s walls II IS one Of best known buildings on
Manhattan Island. large part of 1t has been
occupied for years by the freight accounts depart
Inent of the New-York Central Railroad ana Dy
sub-pOstofice.
Deals in The FIfth-ave sections were feature OF
the news Of the week. Jesse C. woodruff Sold
through Tucker, Speyers Co. No. ga Flfth-aVe-'
a six story mercantile building. lot 29Xle9 feet.
for $4,000 Through D. Coly Frederic Geohard
and his sister Mrs F. Nelson sold last week the
old four story brownstone dwelling houses Nos 80
and 100 Fifth-ave. northwest corner of f1fteenth-
St to Jacob Rothschld The pFoPegy mfs Of
So feet in the avenue and OF $50 feet IN me street;
improved With f' ui' 5!g loft building Mi Rothschd
Southeast a corner Of sixtesnth-st and Fifth-ave.
SALE OF PARAN STEVENS PARCEL
big transaction in the central Fifth-ave, sec
ton reported last week the sale by the United
States Realty and Construction Company and the
Century Realty Company of a plot. 45xs6lo feet,
on south side Cf Forty-fourth-st Jos feet east
of Fifth-ave.. $4,000 Pierre G. Carroll rep
resentlng Wetze the F1fth-ave. tailor
The parcel is part of the Paran Stevens plot.
The wetzel store is in the Altman block, in Fifth
and when moves from there II will be
6d Pan 3as s 20 be a RH the he
price paid by MI Wetzel for the parcel is said to
lots in the section The entire properly which
and $50 feet Forty-fourtl-st., bought
May n 1872 from the of Paran Stevens estate by
Century Realty Company, Edmund L. Baylies and
,e0i, the Century Realty Company. which shortly
af;erwaTd resold one-half interest to the United
States Realty and Construction Company. The title
and F6rty-fourth Street Company, in which the
two larger companies each own q one-half interest.
Maay important , deals in the d9watown business
the purchase by a syndicate organized by William
William G. Park and William H. Chesebrough.
ron R GgoTse NJ M4T[ay as executor Of the John
bet%een CeGor and albany sts. a rectangular plot
The North River Of IS feet in cedarst and 3
see: IN Aoany-st The plot comprises 1888 square
The same syndicate also bought last week from
ite block IRON: in vests bs Aba aaloining
has frontage Of p feet p. inches and is 70 feet
II No Sss na af q the prices paid
- NJ Dsel4 iIeliilleIy determined what use will
De made 81 The property, which IS of the most
ian5 II PI F6ew b the lover part of
have been offered a substantial profit from a large
corporation since the closing OF the contracts II
Is thought that the purchase viii result a short
modern skyscTaper Office building.
PLOT NEAR FINANCIAL DISTRICT
The plot is less than thousand feet from the
Equitable Building the southwest corner OF
Broadway and Cetar-st In addition. # possesses
much the same advantages as the block front on
Battery Place which improved about two
years ago by the same operators with the twenty
story Whitehall Building, the most sue
cessful OF the larger Office buildings in the lower
part Of the city.
The Encouragement Of the present frontages of
the Trinity and Boreel sites and the proposed
ing Of Temple Place and the consequent improve
ment with tremendous Office structure on the
Boreei site as rearTanSed will, II is thought have
Il is 70 be remembered is almost directly op1osita
the ferry terminals OF the Pennsylvania and the
The purchase Of the West-st. block front was F !
Carroll Fish Brothers negotiated the sale of the
A new coTpoTat,cn elso bought last week the fol-
loving oIa bpIldangs RfLEeen William and Nassau
Nos s. and 80 Ann-st.. with an interior westerly
Rutland & Whne9 Comps2y. H6 = Beek from she
from +. r. Mills. No y. adjoining and from E q
y. Lane. No. 81. adjoining. Tn, frontage in Ann
easte5ly line being Zls s@eI ard the westerly line
s. abour 1880 square feet. on which twelve story
ONCE ana loft structure viii be built.
In the week the Surety Realty Company bought
from the Richardson estate No. ii4 Broadway a
FIVE s.cry building on lot 27xs5 feet. The buyer
viii puJ w OF the site hreproof store and loft
A2c:Ser interesting transaction reported last week
Ensgaa6 C 30. il Last Fifty siXth-st. a four