New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-26
THE WEEK IN REALTY.
Tzco Big Deals IN Vacant Land
Manhattan ActiUe.

WI UTL!GLJJLCJJ ACUTE.
The last week in realty was marked bv transac-
lions affecting fair number of choice parcels on
Manhattan Island and two big deals in vacant land
In the upper sections OF the city. 1t appears from
the reports of private sales made in the week in the
Dyckman and Fort Washington Heights sections
that the purchasing movements in those sections
have quickly lost of their vigor and that many
spectators and operators who were active there
have turned to the Jerome-ave. section of The
Bronx where they have already made some profit
able deals. This invasion of the Jerome-ave sec
ton. one Of the most beautiful districts of this
city has naturally attracted widespread attention
and there spectacular deals are expected to be
perfected in the near future. A widening of the
Jerome-ave. purchasing movement can hardly re-
suit in anything less than adding new life to those
parts Of The Bronx. where in the last five or six
months large areas of vacant land have found an
easy market. Few realty men will admit that the
purchasing movements in the Dyckman and Fort
Washington Heights tracts have lost any vitality
They DO not deny, however. that few big sales OF
land in those sections have been made in the last
two weeks and that the speculative purchasing
movement is noticeaby strong in the Jerome
ave section. There is only a little ull in the
Dyckman and Fort Washington Heights districts"
said real estate leader yesterday to a Tribune
reporter. When the weather becomes warm you
will see hundreds of spectators and builders I'M
usually active in those sections again
The realty men who do not figure in the discus
sion as TO the strength of various land deals
are those who ever find the attractions of choice
parcels on Manhattan Island sufficient to occupy
their time and money. The number of such men is
large and there is not happier lot Of persons ac-
tive in real estate within the limit of this city than
they. They glad because the market for choice
Manhattan parcels is excellent and shows signs Of
becoming even still better. Sales of choice Man
haitian parcels were feature of the market last
week.
One of the best deals of this type reported in the
week was the resale by Douglas Robinson. Charles
5 Brown & Co, for Austen G. Fox of the Dewsnap
estate property, Nos l, 3. 5 and Wilam-st. (Which
the same company sold to him recently) to Isaac
n. Seligman The price paid was a substantial
profit above that paid by Mr.. Fox which was I'M
derstood to be about 100000. The same company
also sold to the buyer last week the corner
parcel at William and South William sts a tri-
angular lot, containing approximately 100 square
feet. for clients Of Anderson Pendleton & Ander-
SON. The sellers of this small lot held it at 800 900
1t is said that Mr.. seligman will build a low build
ing the continued parcel to accommodate his
banking offices, although plans yet have been
drawn. Mr.. seligman paid about $500 square foot
for the triangular parcel.
Another transaction in choice Manhattan prop
erty. reported in the week, was the purchase by
the National Arts Club which owns and occupies
No. 81 West 34th-st., through Ashforth & Co. of
West 42dst,. the Samuel J. Tilden house, Nos IA
and 10 Gramercy Park. of the most famous
dwelling house landmarks in this city. The owner
of record is Charles D. Sabin. who married Miss
Susie Tilden. niece of the statesman
The buyer viii convert the premises into club
and studio building by erecting a studio annex to
the present structure. It will also continue to
occupy its present home 1t is understood that this
project of the Arts Club is to large increase
in the membership of the organization and wild
ening of the scope of its work. Mr.. Tilden first
bought No 10 Gramercy Park. and in 1874 he pur-
chased No. IA. He spent about 100000 in remodel
ling the houses the alterations to the dining room
alone, finished in gilt, costing $4,000
The improvements carried out by Mr.. Tilden were
planned with eye to political contingencies.
While the two structures were converted into one
building they were remodelled that they could
easily be transformed again into separate houses.
The two front entrances were not altered. One
was for everyday use; the other occasionally
found serviceable at political gatherings. MIR.
Tilden occupied the premises during the larger
part his political life and there scores OF i'm
portant political conferences took place. The house
is four story and basement dwelling. about 100
feet west of Irving Place 1t has a frontage of
60 feet in Gramercy Park The depth of the plot
is 1874 feet
Still another important transaction last week was
the sale by Phnney & corsa. for the Mutual Mort
gage Company. of the Hotel St. Margaret a nine
story hreproof apartment hotel Nos I2s and 1S1
west 4!th-st. on plot 4ox10o5 feet There were
some oT r pig deals IN Manhattan property last
- d. BarneX the clark property in Broadway, from
feet in Broadway beginning Is feet north of 18th O
St. similar frontage in 7th-ave.. and a depth of
william An 7 E Pg a1s sold through Isaac B Wake
building on lot 25xiO8S feet to an investor He
paid about $4,000 for the parcel This is the fourth
big mercantile building which has been sold within
a week A Hollander bought through Warren &
Skilin, a six story elevator apartment house with
stores. at the northwest of 4sth-st and Lex
lngton-ave. on a plot lo0-5S40 feet The parcel Is
opposite the proposed greater Central station
site ' H'0A'iO
Henry n. Singh sold the six story apartment
mousse NO. i54 East 3oth-st., on plot e6xsSe feet
ZOE ABOUT S4s0.G1 to n client of Francis B. Robert
Pans were hled last week with Buildings sinner
intendent Hopper for a block of fifteen four story
and Easement dwelling houses 10 be erected ON q
plot s2 feet front and 1902 feet deep on the north
side OF soth-st $50 feet west OF Central Park West
for the Carlew Construction Comnanv OF which
James Carlew is president Thirteen of the build
ings will have 20 feet frontages and two q feet the
depth or all except three being 60 feet The three
VIII be bS feet deep Each house is to be a three
story and basement rear extension structure. with
FACADE Of brick. with trimmings of limestone
The two big deals in vacant land the pur-
chase of $50 lots near Van Cortlandt Park By the
Hudson Realty Company and of 257 lots compris-
ing the Marnnna A. Ogden tract by q syndicate
represented by David II. Taylor. The seller OF the
Ogden tract was the Washington Bridge Realty
Company, Of which William II Chesebrough is
president. John II. Berry the broker IN the
deal. The Ogden includes 40 bounded ty