New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-15
THE WEEK IN REALTY.
Continued -lcti3ity in the F'ifth-GUe.
Section u Feature.

enc -,a-t pleasing features OF the last week vas
-.,.sl a-tiy1ty in me central Flfth-ave. section.
q .ra- the large number OF parcels in the sec
LIE have been sold this season At record prices
fo@ zs-,- away Sur have attracted investors The
- - b, f-s old Austin Corbin property Al tie north
~ --fi-t7-eig1th-st and Fi1th-ave-, by Charles
- r-rf..-- IL v Hoffman, last week from the
- -...z Realty a7d Construction Company. through
Ll-+s ~e--.e * Preston. for AL cash considera-
$50 $50 SIS a-ly c:.e % the many big transactions
-. mis- season This parcel hzs frontage Of 81 feet
-.-..--r 1s - Zee. in Thirry -eiEhJh-st. and
-. - 700 ger. and contains $3.50 square feet Il is
- =. .ae -hc5-esr parcels II tie section
~, -.--.asa IS undoubtedly Investment ore. ne
~ -----,-o4 with a @-c story and Office building
=, rs ,-e Sie07ecat. Henry S-ebrecht leased the
- e-,rf TIC sellers for rweuI5-one Years ~ s36GOo
- and erected taa nve story building a. cost Of
- 81. ooo rn.s IS the t.Ir@ ttue that the property
=. - sol. since 1883 ana TIE paid foy It by
= s-os purchasers indicate 20 certain extent. how
-, have scared ~ section n The list i've
- $40 TIE Barney Sheldon zyndica;e paid for tho
marcel $4,000
-. 7a-. y The United States Realty and Con
$50 d.. r1-s7y. paid 500 co for IT,
-. vesS-s Hoffman now buy the property for
.o ca .7E n The expiration Of the twenty-ons year
80 lease me 5utl-ing viii be turned over TO them
year aco me selling corporation severely crft.-
s .- csryne mis- property al valuation Of S75o.-
~, + s generally understood that the United states
zss.v and --ns--1r.la Company made proat OF
.ss, s7Dugl0 from This sale
-, -eait~ satisfies for last week show that sra
,,t,.rr activity In The Bronx Is s excellent Plans
- .ri--~ buildings D erected TIE Bronx We're
e,s5 ias week IS against for the corresponding
-, - las zss-. The estimated cost o. the thirty
,..7,,vs is given as S2S2 2Up The zen buildings
s.aoa. From January date there have beer fled
-, r-- 80 Bronx buildings. increase Of 20 over
- r,be- projected fs- corresponding period last
- II is estimated "a; go buildings Will
-. e 500 90 ls Of buildings built
rA Bronx l-s- yea- fsr which Plans FLED from
80, 1899 ~ Nay Il 1919. was So. go e's'.
TIE auc.u market Tor Fi1th-are. parcels FIJI be
s,sv tested "a Tuesday 81 this week when Herbert A
sherman NIL offer az New-NCrk Real Estate Sales
-rs the rr7pery the estate 4 George Kemp The
uz--~ VII be sod I'm three parcels one includes me
Tri FTsth-aVe.. the BalS-aYa apartment 'se az 10 oI1
T--ssre th= dwcl.uE house SO 63 Ffth-are ana the
apartment house =. 90 n s- !, -is,e
5cIiol feet AZ ne northwest coFis % fi'g
t~---r ana Fiftlaye, and The trd a parcel St1Nluu
80 sourrv-est corner u seventies. and
Ttrare Z expected mat TIE lllirE for ne 1arc=-s
| - unusually spirited ard tat TIE prices PAID ii os
.e-a-ia-.r pleasing 70 The Kemp estate
Te sal IszIare Reo5Ti and Guide SIS last issue
ssyg. il part on HE rea! estate SITUATION
There are plenty projects afoot hut their proseaitos
an sT.Is rhsa-e-- r-1ul than they can az
present believe them 20 De mistaken olJ me
activity to- The present year cllely II me
cb-epsr "a Tas and is 20 De expected ina
throughout ana tal steady stream q itat
houses VII appear u NE I-lit.s o. ne
Trisingv coar.rert branch o. clCsructi0nai ac
fr5tv VT Increase than diminish money becomes
borrow conditions warrant practically
s-5ss--t-s aFf- farr
Tand Tor vacant lors ae the same tine the trading
tenement houses VII DIMINISH IN ne mean L:,5 ~
vii be brought which VIII be al in favor OF very
lively activity 1eA- winter