New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-11
THE WEEK IN REALTY.
Sales of Choice Manhattan Property
Remain q Feature

new high prices made or where the sum OF
cash involved greater than fox any similar
deal for q long time formed another principal
feature of the news Of the week 1t is unQues-
tonaby sign that the market for choice parceis
on Manhattan Island is excellent when the west
ern Union Telegraph Company pays sSS square
foot for a Dey-st. parcel That is said TO be a
record price square foot for inside Dey-st plots
and that assertion is apparently confirmed by an
examination of realty records.
This record price was made by the sale OF NO.
10 Dey-st. oy Daniel Lord. owner for 100000
The property is a five story business building. on
a lot 25x77.3 feet between Broadway and Church
st. In March. 1903. the company paid kalman
Haas $12l9O0 for No. II Dey-st, six story build
ing a lot 25x773 feet, s62 a square foot, and
in August 1902 the New-York Telephone Company
paid for Nos. 9 and II Dey-st. 500 and $40 square
foot. respectively. With the purchase of No. 10
Dey-st the Western Union company now controls
a plot with frontage of 2504 feet in Dey-st. and
of ISL feet in Broadway.
A station of the Cortandt-st. tunnel will be at
pey and Church SITS. and there will be an under
ground passageway leading from that tunnel to
the John-st station of the Broadway subway.
The highest price paid for plot facing
Washington Bridge reported TO have been
obtained on Friday for a parcel sOxlOo feet at the
southwest corner Of One-hundred- and eighty first
st. and Amsterdam
LOWER WEST SIDE RATHER DULL.
Though there has been a number OF large sales
in the lower West Side section. there is yet no
unusually vigorous purchasing movement in the dis
triet. Such a development may be delayed until
the opening OF the Cortlandt-st. tunnel and the
Broadway. subway. but it apparently cannot be
postponed much beyond that time. When that move
nent is well underway there will not likely be any
property in Dey.t. TO be had at $50 a square foot
nor at price that It is said that there
many large business concerns which are think
Ing of buying permanent homes for themselves in
the Deyst section but they have deferred carrying
out their plans until they able to determine
beyond question OF doubt Just what part OF the
section will be more benefited than any other by
the Cortandt-st. tunnel
The largest cash transaction OF the week and in
fact the biggest deal OF it's kind in The Bronx for
many months, was the sale of the Bathgate- Beck
estate tract n The Bronx by J. Clarence Davies
for the Farmers Loan and Trust Company as
trustee, TO the Central Realty Bond and Trust Com
pany. The sellers OF the property the New
York and Presbyterian hospitals. Columbia Uni
versity. the Society for the Prevention Crime OF
which the Rev. DR.. Charles H Parkhurst is presi-
dent. and the Board of Home Missions of the Pres
byterian Church and Mrs. Charles F. Becker wife
Of Mr. Becker. OF Becker & Martin. furrers. The
price paid for the parcel which comprises S9i lots
was $4,000. Up TO two years ago It was thought
that the five institutions each was owner Of
fifth interest in the tract by the Will Charles Beck
achelor. who died in 1855 Mr.. Beck was a nephew
Of one of the original heirs The five institutions de-
ciced TO sell the property at auction and the Title
guarantee and Trust Company. began a search Of
the title. which revealed an old deed. which showed
that Mrs Charles z. Becker was owner Of one
NTH interest In the tract and the five institutions Of
one-ffth-of four-ftths each AS result Of the dis
co"ery Mrs. Becker received $4,000 from the sale
An important trade reported In the week was
mat OF the orleans apartment house for a part
or the Fort George syndicate tract. The Central
Realty Bond and Trust Company bought from the
syndicate plot Of lots, valued at about 10000 in
northumberland ninety-second-st.. cast Of Wads-
"orth-aVe 1t sold to the syndicate the Orleans. a
ten story apartment hotel at the southwest corner
OF Eightieth-st and Columbus-ave. occupying a
plot l022 x6s feet The Orleans figured in the trans.
action at about s25O00 lots at about 100000
EX-MAYOR GRANT A BUYER
I-ibbey Castle was OF the landmarks of the
city for which n market was found last week II
was sold by F A. Libbey. through L. ]. Phillips &
Co. TO e1-Mayor Hugh J. Grant The castle was
ct one time occupied by A. T. Stewart It Is on a
Plot Of more than $50 feet IN depth running from
Broadway to Fort Washington-ave with n front
age Of $50 feet III Fort Washngton-ave and 30 feet
In Broadway. AS streets have not vet been cut
through the tract, it is difficult say just what
would be the street boundaries of the parcel The
tract extends from about ne-hundred and -eich-
tetl-st. to Onehundred- -nnetieth-st Ex-Afavor
Grant also bought an adjoining plot, 176xl4Ox325
feet, extending from Broadway TO the Boulevard
Lafayette
c. X. G. Billings bought last week from A.
IAbbey through l. J. Phillips & Co. a plot adj
joining his holdings in Fort Washington Heights
running through from Fort Washington-ave 10
Boulevard Lafayette. The plot has frontage OF
i7b feet in Fort Westinghouse. and of 40 feet
| In Boulevard Lafayette. It's depth is about 325
| feet. The combined parcels which Mr. Iibbey
sold yesterday were held by him at $4,000
For several years Mr.. Billings has been busily
engaged In Transforming his Fort Washington
Heights land into one OF the most attractive resi-.
Dental tracts overlooking the Hudson River Well
known landscape artists laid out the tract one
OF the features OF which is a private racetrack.
where tre, MI Billings's trotters trained. The
Another large transaction Of the week was the
so, through William A White & Sons of the
fee+ The Plot ct has has frontage IN Broadway
S ioEeTed with Old frame fran buildings The buyer
SIN another important transaction was the sale
Point hroUgh B Hove estate property at cason
sioner Geisler. In charge Of the Department of
The tract comprises than forty-one acres
Of land II has frontage of half a mile on the
the Sacred Heart Academy and the Beach ests
20 and f extends to the East River It's north
| This is the third sale recently closed IN the
rons HeT fTo uH mitch o lies Just across the
better market for choice apartment houses was
ons Of this type was the sale BY p E. f. L1dloT &
GS for 81 fs ,e f Ror To and Max Born
tween Eighty-third and Eghty-fourth SITS n 81,
LOT 42xIoO feet ''' MUSE Inc Ou'''ihs is on
REALTY PAPERS OPINION.
! The Real Estate Record and Guide savs IN g.,
last issue in an article the realty situation in
| part as follows.
The speculative activity in vacant lots has suffered
substantial abatement in the last week. 1t is still
very considerabie but it is all large as II
was in the several preceding About go sales
are reported In the Gossip column OF the present
ISSUE against over 800 week Thus the decrease
amounts to about one-third and in Manhattan at
all events 1t has occurred chiefly in the sales OF
vacant lots we report only nifty OF such sales TO-
day, out OF total Of 49, which is normal proper
sto her hau IN Prom