New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-13
THE WEEK IN REALITY.
No Signs of Less Vigorous Pur-
chasing IN Vacant Land.


feature OF the market Is the small volume of busi-
ness apparently being IN some Of the most at
trzctive investment. fields. Few large parcels OK
improved property were reported sold
One OF the best downtown deals reported IN tne
week was the sale 10 an investor OF Nos q and "a
Sassau-.t 5oxlo3 feet a FIVE story structure known
as the Law Building. through the rutland & whit
tnc Company Tor Anderson. Pendletcn & Anderson
as attorneys. An Interesting feature OF that saie
was the fact that the title TO the property has been
transferred only three times since about 1886 The
original transfer was made OF September L. 1888
VIXEN the land. comprising about sixteen acres
which then known as the Shoemaker tract ~
ing between GoId-st- and Broadway, Maiden Lane
and Ann-5t- was partitioned into FIVE parts The
parcel Nos ana s. Nassau-st. in It's present size.
was one 81 the pieces partitioned 10 Abraham SAINT
-oort The property was bequeathed 10 the trustees
% the South Baptist Church. by whom IL was sold
February 1851. for s5oe 10 the present seller
Another interesting downtown deal was the sale
By the Charles 2 Moves Company. 10 z. Fougera
& Co. Of Nos. 90 and ez Beekman-st. the northwest
corner OF Clif-st-. two business buildings, on lot
HxS feet The buyers VIII renovate the corner
building and occupy il for their business which has
BEEN conducted for the last fifty years at No 30
North Willisn-st
QUICK RESALE NEAR THE BRIDGE
IN. reported quick resale Of the triangular plot
formed BY Duane New-EIua and Chaubers-sts
20 the Samuel Green syndicate at sum nnch
greater than was recently paid for the plot oy
P attracted
Mr. Pond gave $4,000 for the parcel The property
faces the proposed approach 10 the Brooklyn
Bridge IN order TO carry out the bridge approach
plans many buildings viii have 10 be torn down
The ~Staats-Zeitung is getting ready to vacate It's
oIe home n Tryoa Row. Il has leased the quarters
3. No 20 Park Row now occupied by The Tines
which VII move 70 It's Long Acre Square building
n the tuture-
According to a report. the MarI-Morgenthsu
syndicate has recently bought vacant plots in the
- .--H 80 At ~~0-
r1o 90 600 to S15oo0oo Owing the multiplicity Of
sales n the section Il Is difficult say how
or Tar from the fact the report One Of the prn-
cipai purchases OF the week IN the Fort Washing
ton Heights section made by the syndicate was
that OF the property known Pinehurst, which was
owned by Adolph G. H1pfel. through Philip Jesel-
sou. Pinshurst is e. the northwest corner OF Fort
wsshirgton-ave. and Depot Lane It comprises a
large brick dwelling house and stable, on a plot
CT more than twenty-seveu lots. having frontage
Of SOC feet OF the avenue rs feet the south line
and 20 feet On the north line The property is op-
posite the grounds and clubhouse Of the Suburban
Riding ard Driving Club, and adjoins the McCreery
ana O'Connor property, reported 10 have been
bought IN the week by the same syndicate. The
McCreery property adjoining ths Eeptel tract, was
also bought by the same syndicate. Il comprises
e frame dwelling house and stable. 4 plot Blk
go feet OF tie north side Of Depot Lane rs feet
wet OF Fort Westinghouse
WASHINGTON HEIGHTS DEAL
Another big transaction IN the Fort Washington
Heights section was tbs by Louis Rodney Berg
80 another broker for Edward UhL OF the
-,roprietors o. The sJaats-ZeituIg OF his entire
holdings OF Washington Heights. for about S2'5V0o
The holdings comprise some Of the choicest lots on
ne Heights One OF the parcels is the block
bounded BY Broadway. Wadsworth-ave. One-hun-
-eighry-d-st and One-hundred-and-eighty-
second SITS about fourteen city lots; another Is
700xT10 feet at the northeast corner OF One-huh-
e.ty-tirst-sI and Audubon-ave., and SIX
- rag7rf-- ave
and one-hundre5-and-elshty-se cond-st-, and four
lois At the northeast corner Of Broadway and one
hundred-and-sev nLnth-sr. total OF about
twenty-five lots
samuel 5oidsticzer and Douglas Robinson.
Charles : Brown & Co. were the brokers' IN the
sale Of ths block bounded by sxry-sxth and Sixty
seventh SITS, ard Second and Third aves.. for the
Aafll.tI an fs&1tNaE So-- PIG, ~ -
and Walter J Cohn. The purchase price was about
4 us Surcase 0 VIII + result t6s Immediate improve
mIelt OF The block win tenement houses having
II ISsS TIE seller bought the property 4 site
lgE housing c r scR erc severaI frame budgs
stand the parcel The block so-d mas a 1ronp-Se
REALTY PAPERS OPINION.
The Real Estate Record ard Guide" speaks IN its
last issue regarding the real estate market n part
follows;
s I Se 81 55s last week sSoRs no dnra3tio4
rom he large totals OF the last few weeks. The
whole sum SIN runs wei over three hundred. and
OF these more than one-haIf are sales OF vacant
lots The greater part OF the remainder consists OF
nat and tenement houses. In Manhattan the trans
ACTIONS il vacant tots and tenement houses con
srstuTe I50 out OF about 1eo transactions. II can
Ee Judged consequently how narrow the market IS
n other respects L IS mere RESTRICTED even tan
Il was Ia the corresponding week n 1903. A year
ago some thirty dwelling houses were sold, against
less than twenty fhe last week. We fuily be-
lieEe the market VIII Broaden constdsEaoly II
The next few months -,
HI
les ard prospects excelleIt instead OF coCpt-
TuI The people who real estate hold on 10
y stsiboornIg enough The level o. prices eSt9o-
Ished in 1902 has for the moST part been main
ra!ne<I while Il has n cases been advanced.
But the drnress Of prices partly explains the mar
rovuess Of the market, and people ara not
were tvgo years back, because Prices sci seem
high Il S. however. 70 be expected that they viii
econ do So and that the good residence ape bust
districts OF the city VIII receive the benert
For the present, however there IS nothing dong
hut lots and tenement houses. Every operator ard
Spectator m the city Is busy buying and selling
A5out sixteen hundred lets changed hands during
he last week OF which about nine hundred were
situated IN Manhattan. The volume OF business
e enOrrnous. Inasrnuch as the operators are buy
ing not merely hold the land spectators used
DO but 70 turn over 70 builders within the next
year two IL Is ertirssy possible that an average
on the Heights FOR 1903 and 1906 There IS every
prospect elso. that this Increase IN house room
vi1l be readily absorbed. The Increase IN populd-
north Ore elty-1fth-S viii
a course effect important business changes along
the fre OF E1per Broadway. and on One-hun6red-
fifrh-s-- Stores banks and Offices will
churches: end IN this VIII swell the volume OF
building operations.
- pEnO0rt EPLk10T HOtIsE