New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-09
REAL ESTATE.
Interesting Ffth-auc. and Vest
Side Sales Reported.

There was no need Of a microscope yesterday 10
discover the germ OF activity in the realty market
The bacillus Of realty activity got in fits good work
early in the day in various sections OF the city and
especially in the FIfth-ave. and upper West Side
sections where il should be most powerful. The
truth is, realty activity not only seemed be.
but was epidemic yesterday. and wheat pleasing
contrast the volume Of business OF yesterday made
with that Of the Gay preceding.
Some people may think that parcels in the
Fifth-ave. section are being bought up by wide
awake investors and being sold quickly at profit
Well, there mary such purchases being made
every week. and II list Of only one-haIt Of the
property in the section which has changed hands
since "A year ago to-day was printed here IL would
make some Of the purchasing movements elsewhere
look If they needed injection OF digitalis
strychnine or some other medicinal stimUlaut, 50
that they could measure 10 the Fifth-ave. stand
ard. When a person Is constantly hearing about
big purchases or large improvements in the Fifth
nearby sections deals of the Euclid
Hall type, which was reported a few weeks ago. he
may imagine there is serious lull in the market
IL there is silence in the Ffth-ave. section for a
few days. While that silence lasts. If a Of
frame dwelling houses valued at S3t00 each In the
northern part of The Bronx or st place where
Three hundred aud-siXteen viii one day be
cut through changes hands he may also imagine
that all the investors. spectators, operators and
other persons identified with the realty market
scurrying to take the first which viii carry
them far beyond the Fifth-ave. section. by
stantly pinching himself. and thus keeping alive
realty conditions, such person with vivid imagi
nation might be able TO think soUndly
John lines Kane bought some weeks ago the
Columbia leasehold property at the northwest cor
ner of Forty-niuth-st and Fifth-ave. At that time
it was reported in the columns Of this paper that
that purchase was of threefold interest First it
indicated that the famous Schermerhorn house
No. ~ West Twenty third-st.. one OF the few
dwelling houses in the 1wenty-thirG-st. business
section would likely BE replaced In the near future
Of the Columbia leasehold by Ilr. Kane a
fitting answer to a widely circulated report that
Columbia College was poor. Mr.. Kane yes
cec on fhc II is n6D1iar easrboii IMP and
- g, --st'iP -
is Increasing in popularity would take many words
two additional Fifth-ave. parcels which Mr.. Kane
is said 10 have bought are Nos GU and CIT Fifth
ave. from MIS-. Leonard Jacob. two four story ana
basement ore HuStouc front dwelling houses a
plot 30Xl25 feet Mrs. Jacob has owned No. g.
quick resale OF a Ieasehold for which there is an
excellent market though general report says
Nos 612 and 81 adJon the former Vanderbilt
hogsf f,, a. The northwest corner OF For'y-n' St
From what could be learned yesterday the Scher-
merhorn house in Twenty third st. may be altered
tbaf when I6e Flint binding adjoining the scher-
merhorn house. erected. the air courts were
so arranged that a larGe adatJon TO II could be
it Is than likely that this plan will be ulti-
mately carried out. Horace $. Ely & %. repre-
scented Sir Kane In the purchase for him of the
former Vanderbilt house at Forty-ninth-s;- and
Fifth-ave.
Another sale Of high class property yesterday was
made by the Greene x Taylor Company TX sold
for DR. Herbert $. Carter 10 DR.. George r.. Brewer
No. los West Fifty-eighth-st a four story and
basement dwelling house, on a lot 2oXlOG0 teet. An
interesting report regarding similar property was
that Mrs A s. Condo had sold No West Fifty
sXthst.. n four story dwelling house. on lot
one OF the best sales In the West Side section
Yesterday was made by w. W. & Z. NJ. Hall.
They sold No West Seventy-third-st., a iive
and one-half story American basement dwelling
house on lot 2lx1OG feet. 1t Is Of
OF five just built plot which was bought from
the Clark estate some months ago. In the rear
of this row seventeen houses are being erected,
The bacilI OF realty activity are likely to-day