New-York tribune., 1904-10-02
THE WEEK IN REALLY.
Improvement IN al Parts OF me
City-Fezo Large Sales.

The feature of the realty market last week .s va
The improvement noticeable IN nearly every sect4o
OF the city. There were no million dollar oeals O
each day OF the week many TRANSACTIONS o. -i'--'
Interest were reported
Ever since the old car barn plot the east side
os SiAth-ave. from Forty-third 20 Forty-fourth ST.
vas leased several months ago z site fo7
hsppodrogne there has been considerable specula-
sion az 20 whether or not the hippodrome woula
Keen svav from the section clubs ard other social
ORGANIZATIONS looking for home. Just east OF the
hippodroYne site are the homes OF a large number
Of the leading clubs Of this city, and these clubs
srr surrounded By high class apartment houses
ans hotels II is only TOO trae that there are many
parcels ir the section al present used as auto
mobile stations and stables These have never
been looked upon a serious drawback 10 the
section however as values have increased so
rapidy IN the last ten years that it has appeared
20 be only > question of a few more years when
all the buildings OF the district would have 10 be
OF the best type.
IT. spite OF the hippodrome plans. another club
viii build IN the section. On Wednesday John n
CSolding sold 10 the Army and Navy Club for Mrs.
Ryttenberg No. l07 West Forty-third-st., and for
the County Realty Company No. los West Forty
third-st The two parcels make plot 20 feet front
y 100 feet deep II the club took into consideration
the hppodrome site in making the purchases, the
transaction be considered indicating that
hippOdrome III the section viii have little effect II
any. 20 retardng its growth lines which II
has been upbuiding IN the last ten years The
ing OF this choice club apartment house and hotel
district
The club will get possession OF the premises with
sn sixty days when extensive i'm roVeneats viii be
independently q building erected. retaining
only the present side walls. The club viii enter
upon its new career in a house containing twenty
ave o. thirty sleeping rooms large cafe dining
room billiard and everything that goes 10
make Up g first class club
The club has among its members well known
officers n the army and navy. marine corps, vol
uateer service and the National Guard Of the diff
ferent States.
The announcement that the New-York City Rail-
way Company metropolitan SYSTEM had appointed
q committee, comprising John ID. Crimmins. II. H.
Treeland and Paul D. Cravath. 10 sell some Of its
large parcels Of land caused little surprise. For
several years there have been frequent reports that
overtures had been made 10 buy OF the parcels
now TO be offered for sale. and occasion the
railway company offered the old car barn block
bounded by Thirty-secOnd and Thirty-third sts-
Fourth and Lexington ayes. 10 the government as a
site for the proposed postolce. Among the parcels
70 be sold besides this are the car barn plot
the west side % Madison-ave. between Eighty
fifth and Eighty-sixth SITS: the old Thrd-ave- cable
power house site. at the northwest corner OF Bay
ard-st. and the Bowery. and plot, 2o0X2oo feet on
the west side OF LenoX-aVe., between One-hundred-
and-sixteenth and One-hundred-and-seventeen
SITS.
The assessed valuation OF the Fourth-ave. plot is
N250OO0: OF the Bayard-st and Bowery parcel $5o.-
COO; og the Madison-aye. site S50.ee. and OF the
Genox-ave. plot, $4,000 Negotiations 70 purchase
the Lenox-ave. plot have been under way for some
weeks and the title the plot viii be transferred
as soon as several details Of the transaction be
attended 20.
One OF the principal transactions Of the week
the sale by tie Frank L. Fisher Company. in con-
sumo ! with the Fox Realty Company for sam
uel L. Painter. OF the SWannanoa apartment house
no. l65 East FifteenLh-st-, Union Square. The
feet Il was built by Paul 3. Pugh. The purchase
price was 5000 Another lnpSrIahf zeal was ne
plot lsaxAzEisssxlsi7 feet at the south corner Of
story and two six story apartment houses viii be
Plans were fied last week for seventy buildings,
against thrty-two for the corresponding week
Of last year. The approximate cost Of the seventy
two buildings as s6l6,loo Here is an increase OF
.'The Real Estate l.ecord and Guide says in its
last issue regarding the real estate situation;
Real estate transactions continue 10 be very nu-
merOus; but their character is not very varied.
Is the tenement and apartment house which con-
tinues absolutely 10 dominate the situation The
trading in tenement houses is taking on proper
tions similar TO those of last year, and il looks
II the professional operators would hnd opportunity
10 keep the speculation in these properties which
sWeed the total number OF transactions last Win
ter 10 such large totals The great difference. how
ever. between tho two years consists in the much
bLssSs. - eIe PIese!l TINE LOT
properly. MS oetadLd Is az the present moment
very conspicuous in Manhattan as well as in The
afects are those which are 5i alreSdv inproved to
very considerable extent Thus the upper end Of
Amsterdarn-aye-. in the vicinity Of One-hundred-
End-tWenty ffth-st Al least large transaction
edly a great deal OF building VIII be done the
ETav Of snaTfn5 hS,ses S9gib cisty "a .g Ile
transactions of any importance are still scarce;
but there is every promise that they viii become
more numerous. The prospective SALE for instance,
Of several car barn sites by the New-York City
for large speculative transactions the part the
big realty companies, and these companies VIII be
they have been Tor more than year.