New-York tribune., 1904-09-18
THE WEEK IN REALITY.
Market Shoes ImprOuement-De-
qnand for Houses a Feature.

end gEscuiators there seems TO be decided change
for TIE better. Most conspicuous is the increased
demand for choice dwelling houses. Whenever there
O. Az excellent demand for high class dwelling
houses there are usually stirring times IA nearly
every section At present. with the beginning OF
the autumn season 10 broker expects 10 have the
calls for his seTZice many that he must work
until late night 10 be able TO attend TO them so
there should be no surprise at tho quiet In many
parts q the realty field Nor should there be any
fear that this dulness VIII continue. for conditions
making for vigorous market for nearly every type
Of property are slowly but surely becoming appar-
ant Signs. a result OF these changes. are likely
20 bs plainly visible from the Battery the north
point Of the city line in the near future.
Not all the pleasing activity OF the market has as
set been revealed TO the public Two negotiations
40 purchase property ia the Wall Street section
have reached that point where they likely be
closed AT any moment. And the most delightful
phase Of these overtures 10 buy is that each
Of the projects viii result in a big improvement to
plots that have long been ripe for Improvement
little also has said OF what is going the
Greeley Square section Of the city. Several big
parcels there II IS said, have been sold in the last
weeks, and the details OF these expected
be made public in few days. II all OF the neso-
riafions for large plots which have been hanging
IRE for some months had been successfully closed
1Rst week the volume Of business Cor the second
week OF September would probably have surpassed
that reported for any similar period IN some years.
The present demand for dwelling houses IS a turn
in realty affairs which the majority OF brokers
have been expecting for Spg time. For many
long weary months the market for high class spec
ulative dwelling houses was enough 10 discourage
she most optimistic builder. IN those months Il
seemed as Z wished such houses. even at
Eur9 considerably less than the cost OF construo-
lion. and builders with such houses sale began
TO fear that they were doomed financial ship
wreck. But they have managed weather the
gloomy days. These speculative builders knew
that there would be such thing failure for
Ehsm IL general market conditions became better.
For their operations were and carried in the
nest possible manner. They were rot looking 70
make a fortune from every hoUFe. All they wished
was a fair return from their investment. They
knew that they could build better houses at a cost
less than the average man could. They will cease
10 be factors in the speculative building line only
when they cannot build cheaply and as well
as the average individual. IT is the opinion of
many persons in real estate whose opinion is
worth having that now is the time buy high
class dwelling houses These persons saw that
such houses were better built and seldom
sold at less than they be bought now. and
that such houses will be sold at sums considerably
higher IN a year OF two.
ACTIVITY IN DYCKMAN SECTION
All because Of the plans TO build a Dreamlsnd on
q tract OF some forty acres having frontage on
the ship canal, much activity IS expected in the
1OyekEnan section OF tho city. A large part of this
district is suitable for business purposes.
one OK the principal transactions Of the week
was the sale Of No. SSS FifJil-ave. five story
:So0Ooo. through Whitehouse & Porter William
Suggenheim, OF the American Smelling and Re-
si,ning Company. is the buyer and Mrs Mary Bell
The house Is one OF the best and costliest specu-
seaGe houses ever built in this city 1t erected
o. Soan T. and James \; Farley, together with the
scgoning one. No. S34 !n 1902 Frank Jay Gould
sqd later Mrs Bell purchased 10 ass . The house
q A2a,t.r 1ad : pi,1 t-t Ss..oAlAD y re- ieet -, -, -
ahrough Thomas cspek & Co. tie We'll known
'eTa Church Nos 20 ana 25a East se1enyses
onoCst. Tor about sSaoO cash 70 the Roman Catho-
snty-iirst,st. On October 3 it VIII hold its first
1t is not quite year sgo that tho private house
20 -ag last seventy- -frst-sr was purchased by the
su st Alcnica' Church East seveTty-ninti-st This
wes sdoPted for a temporary chapel mass being
gl-en there 10 The children II was intended prin-
1orhoo4. there being more than thirty thousand
A picture valued az $1,000 viii be placed IN the
rev hoqss e OF worship @ The CHURCH has not been
1he church viii take place some time IN October
N It. Aphonse Mucha. IN his recent visit TO this
cty. painted for the church q special banner
& - its patron ssnt and has Promissd to contribute @
Of the church plot Is +zloe feet
PLAN FOR ENLARGEMENT OF HOTEL
The principal building plan fled in the week was
that for the enlargement Of the Grand Hotel, at
The southeast corner OF Broadway and Thirty-Aret-
At. adjoining walscKs Theatre. and owned by
she Higgins estate. by making st annex 70 the
rev $S0e0 twelve story flreproof hotel at Nos. %
Realty Company and leased for q term OF years 70
William c. Leland tbs lessee Of the srand Hotel.
stories high. r. be connected by hreproof door
stories. and VIZ also be eq1ipped with three new
s.etrcasss ana with a n;ezzenine Aoor at the arst
ed and the older building partially re1nodelied TO
harmOnze with chs design Of the new hotel struct-
ure. The latter is % feet front and ss7 feet deep
snd has facade OF ornamental limestone The
cost OF the changes made necessary by the pro
ken & Noller. the architects who designed tho
Plans Were also fled last week Cor a four story
1no basement house TO be erected foE Professor
afth-st It is 10 be OF Colonial design With bal
with fIimTings Of Goodale marbie. II viii have
frontage OF 5 feet and depth OF Ss feet. and IS
20 be fitted with large library and laboratory.
The cost is estimated az $4,000 by Charles A Plat.
The most Important deal n the section reported
Robert }. Moquet Of the block bounded by Two
nuncred and first ane o-hnndred:%and AND second
-. Ninth-ave ard the Harlem River The size OF
Vie block e 2oox2o feet II IS said that large
Realty. Bond and Trust Company bought from
The northeast corner OF Nrlisooote-st ana PToaS.
way, for about s5oO.O9 The plot IS Just north OF
The bridge oveT the ship canal.
A REALTY PAPERS OPINION
The Real Estate Record and Guide" says. in
part. in its last issue regarding the real estate
situatioa:
sncrease OF reel estate business. In the last six
days. for instance. the total number OF sales
Over 10 aSainst total totsi Of Of about 50 for the pre-
sponolfs week laSt year. These sales contain
1sUs Of any particular importance. because al such
the lockout lasrs. BUT they do indicate a normal
and growing demand for real property In the citv
decreasing The majority Of them being on The West
i e' s sD9 m tnis Is perhaps me most encouraging