New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-20
THE WEEK IN REALTY.
for ImwoUed Property IN
Manhattan q FeGturP.

The number Of deals In improved property in the
downtown and West Side sections reported last
week was of such volume to attract widespread
attention. Some excellent prices for improved
property on Manhattan Island were also obtained
at auction These transactions made somewhat
less conspicuous the purchasing movement in va
/ cant land in the Fort Washington Dyckman and
The Bronx sections. That movement however. Is
lust as vigorous as ever. So many persons have
been active purchasers and sellers of vacant
the upper districts Of the city that the
ports about large and quick profits from the
actions are many and are indeed a stimulus TO the
timid investors and SPECTATORS Probably of
the best deals in vacant land this season was re-
ported last week. Beethoven Highlander bought
week ago from the Elmore Realty Company,
through J. Clarence Davies. the property 1t pur
chased from the Faile estate, the American Real
Estate Company and the Spotford estate. The
property comprises eleven blocks with frontages in
southern Boulevard IntervaIe- ave. Dongan, Kelly
Fox Simpson and Barretto SITS. and Hunts Point
Road There $50 lots in the blocks. He paid
about 100000 for the property. He resold the
property early in the week TO various persons.
making q profit of about A75,0Oo
One of the principal transactions of the IN
which Brooklyn property was given In part pay
ment was also reported last week. It the sale
OF the Antonettes by Peter Herter for 81 900 600,
the Realty and Improvement Corporation Of New
York. The company gave in exchange a block Of
lots in Brooklyn, bounded by Eighth-ave,, Seventh
and Eighth SITS. and Prospect Park West. The
block Is valued at $4,000. The AntoInettes
eight story freproof apartment houses, being $50
feet frontage in F1fyeighth-st 90 feet frontage in
Park-ave and % feet frontage in Fiftyninth-st.
They were built by Peter Herter about three years
ego and contain seventy-seven apartments, with
store in Flftyninth-st and the rental is more than
BIO 00O a year There is a mortgage the houses
of 500 oo0 held by the Metropolitan Life Insurance
COMPANY Nenuette F. Pelletreau s. Co. were the
brokers in the deal Mr.. Herter also procured,
through Peetreau & Co, building loan aggregat-
ing s2slO00 to enable him to erect on the Brooklyn
nroperty twenty-seven double brick apartment
houses The building transaction in Brooklyn will
involve some 100000 Mr.. Herter expects to have
these houses ready for occupancy by the middle OF
next summer
Two other large transactions IN property Man
the Gustavus l. Lawrence parcel at the southeast
corner of Twenty-third-st. and Seventh-av
through L. J. Phillips g. Co, and the sale of the
Cohen estate parcels in William. Spruce and Frank
fort SITS The Lawrence plot comprises nine lots,
with a frontage OF l75 feet in Twenty third-st and
of 100 feet in Seventh-ave Mr.. Lawrence bought
tho property about three years Isaac Stern is
the present buyer of the plot. He is said to have
paid about $4,000 for IT, Daniel u. Freedman
bought the Cohen estate parcels. Nos 1874. lS6, and
100 Willam-St., q Spruce-st and u Frankfortst..
making a plot OF about 1880 square IeeC lie also
He sold in the week No % Frankfort-st.. which he
bought recently.
old story 1t Is said that the proposed extension
OF the subway through Chambers-st and down
William-st. is mainly responsible for IT,
Bryan L. Kennedy, as auctoneer, oHalneo last
week in the auction salesrooms for the w. H. NAL
colin property 2O0xsSs feet, AZ the northwest corner
OF Forteth-st. and sixth-ave, s6i5. go Ralph A
started at $4,000. Among the pldders were j.