New-York tribune., 1905-01-01
THE YEAR IN REALTY.
Record Purchasing Increment of "a
can't Land Feature of 1904.

The year lust ended will probably be best re-
membered for the record breaking purchasing
movement in vacant lard in the upper sections
of Manhattan Island and The Bronx. due mainly,
If not wholly. to the opening Of the subway and
the perfection of many proposed plans fer better
ing the traffic facilities of the city. It has been
referred by many we'll known brokers and specu-
lators as the most stupendOus and spectacular
they have been active in real estate fields. This
description OF the movement aptly and truly
presses actual conditions.
AS regards the invested In new buildings,
last year was the third best year since 1870. The
estimated cost Of the buildings for which plans
filed in 1904 was more than Ss5,c00,0Oo. as re-
ported in The Tribune yesterday. The largest sum
over spent for buildings in a year in Man
haitian and Tne Bronx S127211.253 in 1899 A
good second to that year in 1901, when the
total cost Of the buildings erected was $lSS97SeJ.
According TO tables compiled by The Real Estate
Record and Guide the total sum of money loaned
mortgages in Manhattan and The Bronx last
year was sja1 722 35s against 24 for 1885,
the estimated cost of the buildings projected for
The Bronx in the year so 92S,S05 against
S7l0i51f for 1903 increase in the total COnstruc
tion cost Of the Bronx buildings in 1904 OF over
$15000,00o more tan that of 1868. Plans for 5Iil
buildings to be erected in Brooklyn filed last
year as against 1914 for 1903
The total estimated cost OF the Brooklyn build
ings projected last year was $9 iS6,SlS, against
So S37 for 1893 Building and realty statistics
Brooklyn show pleasing increases in. every line.
The total of money loaned on mortgage on
Brooklyn property last year was $lg7 79S3656 in
last year was $269S2.slo as against S2S96,l53 for
the preceding wear The table OF conyeyances for
Manhattan and The Bronx for 1905 ana 1904 is as
follows
Total amount Manhattan and
ota Ie amenh for Manhattan oi 1865
Total amount for The Bronx. 1lS9l,So7 1851 9S9
The realty feature Of the closing week of 1903
was sales in near the central f1tth-ave. section
and a suGh n and e near Ma[ G H9t
ard Seventh-ave.. We're among the important
first leading transaction of 1904 was the sale OF
on lot 24.SxlOO feet, by Joseph AIlbank to FrauK
Martin. of Paris. through horace ). Ely d Co
purchase @ m % price square loot was SOP o. T which
was rggor4ed to be record price square foot
same time William Waldorf Astor sold. through
south side of -hundred-and-Iorty- -thrd-st iz5
feet west OF seventh-ave to Abraham Ruth The
chase chase Of the hotel at the southwest corner q
RteGeF aad Hapod Be Of m O law m &
Dickinson. Brown Raegener & Binney. The hotel
Allan Jacobs, Then followed a sale of block
third and One-hundred-an forty -fourthsts. Lenox
and Seventh aves by John d. Crinnilns to the
syndicate comprisne SamUe Green Edward
Baer and other persons. About the same time
south side of One-hundred and frst-st., between
sons had owned the plot for more tnan twenty
years.
Then quickly followed the sale of No. East
Thirty -fourth-st. Nos. IA and 1tS West One hun
Observation-Disclosures. and of plot lCOXl01 feet al
the northeast corner of Len0X-ave and One hun
dredand- forty -irst-st. for eXMayor Ely, through
the Mcclellan property No % East Thirty -irst-st
and adjoining parcel. The next largest parcel 10
change hands the Electrical Exchange. seven
story building. occupying the block front on the
east side of Westinghouse. between Liberty ana
Cedar Sts. Soon after that transaction II was an
nounCed that eleven story mercantile OulldlhS
would be built by Henry Corn on the plot formed
adjoining street lot. 2S6X9S9 feet. from plans drawn
by Robert Meinecke.
Some other interesting transactions or the year
the sale of No East Thirty -ninth-stl OF
seventeen single hathouses comprising the nlock
front the north side of One-h43Gfed- nd-thrty-
ffth-st.. between Seventh and Eighth aVeS. lor
$500 600 to an investor: OF the Old Guard Armory "a
the northwest corner of Forty -ntnti-st and brci-
way; of No 2 East Eighty seventh h-st., OF Nos 81
and 10 TWen y-seventh-st, of No. u BFo1dNa>
of the old Broadway Tabernacle property, - tif
northeast corner of Thirty -fOurth-st. aud S>tH
of a site AZ the northwest corner of Re tor
nd Trinity Place for twenty stoT- f'tst.
building for the United States Express Cont
OF the ChickeFing Hall building at EghteenfE~s +.
and Fifth-ave. the Euclid Hall deal, involving
property valued several Millions the investment
purchase at IA reported price OF SlOG1,OO0 0f the
Black, starr & Frost building at Thirty y-ninth-st
and Fifth-ave.: the purchase of site for "A rev
home for H. Altman x Co. IN tho block front on the
side of Fffth-ave.. between Thirty-fourth and
Thirty-hfth SITS: the NeW-Iork Central purchases
the sale nf the Faie. Crane and Bathgate t~acts In
The Bronx: the sale blocks IN the Fort
Washington Heights and the Dyckman sections and
l srNZ rtNrnF