New-York tribune., 1905-06-04

months ago. and the opportunities Aoi man
ing quick profits few compared 10 the
chances for quick resales with large profits OF re-
cent date There are other land purchasing move
ments, however, which, instead Of being on l.o
wane, show signs of weakness. They are .ie
movements which have already resulted in the sac
of hundreds of acres Long Island ana IN Wes@
chester County. While certain sections OF "es .,,
chester County are still inviting to the man Win
from $500 to 1000 to invest. Long lsland Is ap
parently alIuring to him, for on Long lSiaiiu
an acre tract within a short distance OF thiS CITY
may yet be had at from $500 to s1,ooo There may
be some acre tracts suitable for Improvement WIN
cottages in Westchester County that can De pun
chased for from $500 to $1,000 but inquiries yestei
day at the Offices Of many dealers In Westchestei
realty revealed the fact that the brokers hao no
acre tracts at such prices for sale. When lots
at ScarsdaIe White Plains and in other choice resi-
Dental sections of Westchester County are Hiulis
a ready market at from $500 up to $1,000 there 10
little likelihood of there being acreage plots 1oF s
there at $500 each.
The wide difference between real estate values III
Westchester County and in most of the SUBURBAN
sections of Long Island is due to many Ihlnss'
Values are not created by real estate brokers o[
spectators. many persons thinK put are pds9o
mainly the supply and the demand ana as 'ae
demand for Westchester County property mas peei
for years much greater than Tor Long Islahd pl'p
erty 1t Is only natural that prices lot lots shele
have been and are much higher than for Long Isl
and lots Moreover, account of Its better traIhc
facilities than Long Island. Westminster county
has been for years an attractive speculative neiu
to large numbers of builders OF much means. AM
all that time Long Island has been struggling TO
prove the worth Of its realty wares with the alo
of q few up-to-date builders and spectators VINO
had to fight against odds that would have mace
many person weary Of the task undertaken 'ioHi
a real estate point of view however the les1its
charms of Long Island are to be made nearly II not
equal to those of Westchester County. one OF the
principal agencies in bringing about this long de-
Iayed transformation or rather Improvement VIII
be the Pennsylvania and Long Island tunnels from
Manhattan to Long Island. What may be r1ghtly
considered the second most important 1actor III
effecting the change will be the better trolley sys-
tenn on the island which Is now in course OF per-
fection Scores of big builders and large specu-
lators are now prominently active on the lsiano'
and they can be depended upon to do their snare
in the upbuilding and In the new realty a"aheiiis
on Long Island.
After a person has carefully studied for many
months the realty situation on Long Island and IN
Westchester County, he will be impressed with the
fact that Long Island. as speculative HELD ap-
pears to be Just as safe Westchester County
White Plains, Westchester County is about twen-
ty-two miles from the Grand Central Station Free
port, Long Island. is about the same distance from
this city. Cottages OF from six to eight rooms at
White Plains find easy renting market at from
$50 to $40 month. At Freeport similar cottages
are quickly rented at from SIS to s55 month. Thus
when the difference in the cost of land and mante-
nance is taken into consideration, Freeport rental
equal to. If not better than. those of White Plains
The comparative tables for rentals at Rockville
Centre, Long Island. and Scarsdale. in West
chester County, show that the rentals are about
equal. Within short distance of Rockville Centre
lots suitable for building may be purchased for 800
while Scarsdale lots in demand at from 800
upward. When the Pennsylvania tunnel brings, as
1t were. Freeport and Rockville Centre and many
other thriving towns and villages Long Island
nearer to the city, realty values the island
likely to rise rapidly. 1t may then be impossible
for the person with $500 or little more to invest
In Long Island property to find home site for 500
in the suburban sections of Long Island
The local real estate market was not marked last
week by many big deals. One of the principal
transactions was the purchase by Albert ]. Adams,
the former policy king" through Pocher & Co.. Of
NO II West 6Sth-st. and Nos. 1S1 to 1Ss Columbus
ave-, fve-story apartment house. S0xl00 feet.
an investment. The parcel is the northeast corner
OF 6Sth-st and Columbus
Henry D. Winans & May sold for Colonel George
B. Sanford. Of Litchheld Conn, No. 1s East 6Sth-st
to Joseph Fox. president of the Columbia Bank.
This house, which has frontage Of ZIG feet. ad-
posite the house of James Henry Smith, which
o g. S1sEA' last year from the Whitney estate for
Nash so client f p Of TyG5 sS for qRn Nav Mclean 81
w West st 6sd-St aye-story American basement house.
the Columbia Bank to John H. DegeIman Nos.
IH75 zlS 2lss an and Si4 Sd-ave and No; 2o6 East
b7thaIst two WEI @y@estory @ and three fourstory brick
The GooSman hYe Rslt Stores on plot d S1lo 60 feet
Bungerz the plot at the intersection of Sd Elton
control OF the entire frontage in 8d-ave from 162d
% SECTION os o PePsTy r6gI is in IN the heart @
road @ al and rapid @ transit subway stations. It
%sek f4FH with sungs Super
intendent Hopper for eight story office building
Park Row for the Park Row Realty Ps company coT an It
Is st to be ,S known - as the Belmont Building. It will
age on Park Row Of 3 feet and depth Of e3,S54
fest feet $50 snd o an rhd h. Of l2$ feet on Ann-s It s
| 1t was also announced last week that the City
bdg on g0ga Nos is aaa Fl sG
4sxlO9 feet and No. East isth-st 25xa2 feet When
be leased to Lord Taylor for term Of nineteen
years. The Broadway store of Lord & Taylor has las
and 131 5th-avc.
plot to be improved for its use viii 1 be United
Negotiations were practically completed In the
niaue at ssd.st and Broadway y 'i' --'''i
The Martinique is to be extended so as to cover
way and s2d.st. and an adjoining plot in 33d-st.
MoT ana e addon ano W ffon loo ee
Broadway and 125 feet in s2d-st., connecting with
son as Will maRe ha one g the rha
structure will be sixteen stories high The entire
to william & Taylor & Son ppopriet1Ps Of the he Hotel t
bsns Toay on @ heS "
| will be made 10 the present building pending the
ere a0d ii the ease Win agsregate about
'T'he Real Estate Record and Guide In its last
tione ton' in 'p part as follows For the rst week in
haTs tasn beoW he
ever is for only FIVE days While the there has 6eeT
will larss be noticed that the decline activity
north of loOthst In the s,s city below It that at pom @
not yet to bnE eoT Gone that te there S
Ave days the office was open TINS week there weT. G