New-York tribune., 1905-05-07

There is one purchasing movement which is daily
growing in vgor. The glamour of all other SINH
lar movements is dim compared with It, 1t Is the
East Side movement. It's zone of greatest activity
is near 32G-st and Parl1-ave 1t is not the result
of a series OF speculative purchases made simply
because of faith in the realty future of the section,
but a movement arising from an increasing de-
mand for parcels in the district from business con-
cerns investors spectators and many other per
sons engaged in the real estate business. 1t was
in it's initial stage when the purchasing movement
in the old Broadv ay Tabernacle block. bounded
by 34th and 35th SITS, 9th and 9th ave5 was at its
height. About three weeks ago, when 1t became
known that union terminal station for the Penn
sylvania, the New York, New-Haven and Hartford
and the New-York Central railroads and the Met
ropoftan Street Railway Company would probably
be built the block bounded by 32d and SSd SITS,
Park and Lexington aves.. the majority of the
realty leaders began to talk about the attractive
ness of the district Of the choicest invest
ment or speculative fields on Manhattan Island
In the last week the strength Of the movement
has become Of sufficient magnitude to attract wide
spread attention.
A fair number Of important transactions were
reported last week Louis Rodney Berg sold for
Charles D Levin the Devonshire, q six story Gle
vator apartment house, No 325 West S3d-st, 4lxlo0
feet. The purchase price was 100000. The buyer
is an investor.
The Kips Bay Realty Company. comprising the
Realty Mortgage Company Heilner & Wolf. Potter
& Brother and William II. Chesebrough, bought
No SO to 81 East 30th-st., parcel with frontage
OF 65 feet and depth of 100 feet. The house No. 33
East 90th-st. owned by General Francis V
Greene who Police Commissioner of this city
under Mayor Low. The company sold NO 1l5 East
2Sth-st., Jane DAILY; Nos. lis and III East 18th
St. to the Hudnut Pharmacy Company; parcel
at the southeast croner Of 27th-st and Park-ave..
IS Sx1O4 feet and a plot 8lx9S9 feet, on the south
side Of 32d-st.. 50 feet east of 4th-ave.
George F. Johnson & Sons sold from the plans
the twelve five story apartment Louses being built
on the east side of Hewitt Place, between West
chester and LongwoOd aves. The total sum PAID
for the houses is said to have been about $4,000.
Bryan l. Kennedy sold the Tihoades parcel at the
junction of 73d-st Broadway and Amsterdam-ave.
IN I8d-ht and Is feet IN AlSte me R5oP
erty sold for Lyman Rhoades and John HaT-
The owners will add several stories to the
building and alter the property into business ana
I'D st subway station and in the immediate vicinity
bera eg new snar Du11qE % Jereah C. LYONS Building
and Operating Company sold Nos II and 13 west
plot 50x989 The parcel is about 200 feet west
of 5th-ave About $4,000 was the purchase price.
The Becourt apartment house nos: % ana ana 30 49, 81;
Nicholas-ave. on plot 76 3X95 5xe5H556 feet being
the southwest corner of uSth-str was sold by
NJ & L Hess sold for James Carlew and Anthony
West 29th-st. size 66x13x989 to Louis stern. OF
q. Feilman sold for the Bronson C Runnsey es-
tate and Dexter T. Rumsey, of Buffalo. TO ANDREW
Connick the block b9RRaTd tb Dy The exception of
a parcel at the northeast corner or ZIOth-sI. anu
! 9th-aye The block comprises twenty-three IotS'
| Mr. Feman also sold one-half block IN Sth-aVe.'
extending to 2lOth-st and the Harlem River com
| Drising sixteen lots for the same sellers TO the
same buyer Mr.. Connick will cut up the plots INTO
| small parcels. - -, - l, ol7 +ro
! The A. G. e II. NJ. Hall Realty Company sold me
Melville a seven story apartment house, on q pIot
IiIxiO0 feet at 1lSth-st and Amsterdanl-aEe-' 10
! Samuel BOrchadt -....,- 20 ~.
week was the by Dean Alvord TO the Chelset
| Realty Company. through F. D. Berry, for about
S30O coo cash of his interest in the vacant properly
at Prospect Park South. The sale comprised ABOUT
| fortv-fve plots Twelve houses in various STAGES
Of CONSTRUCTION not included in the deal. ne
houses win be sold at reduced prices TO close out
the entire interests OF Mr.. Alvord In the tract as
he has decided discontinue the building business
and will hereafter devote his attention ana cap
ital TO investment property in Brooklyn the Bor-
| ough of Queens and in Nassau and SuHolK coul-
! ties. , .,.,,.o-7 ,oros
of choice holdings in the suburban sections OF
Long Island and has still uneXecuted buying colt-
missions from Manhattan capitalists amounting 20
| nearly 81 coo 900. He thinks the greatest pront
now lies in the purchase of property OF the chaT-
! acter of Prospect Park South when II was bought
Ave wears ago, and that all acreage property Win
in an hour of New-York, with completed trahsl
must increase in value from two 10 hVe times De
/ fore II has reached even its normal place IN
! comparison with values in other cities OF over
| 100 600 population. There are now enough capItdl-
! lists Of the same opinion TO take over any prop
/ erty which NIr Alvord is willing 10 recommend