New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-17

vacant land In the upper sections Of Manhattan
Islsnd and in The Bronx It was unquestionaby
TIE best week OF the present season. which has
been marked by large sales of nearly every kind
Of property. And the most pleasing feature Of the
activity OF last week the vigor of the various
purchasing movements. which at the approach OF
the yuletime generally show decreases In strength.
The present market is just what would be ex-
pected under perfect realty conditions There was
not sign In the sales market that the interest
rates for money to further purchases or to carry
building projects high: most loans were al or
81 per cent and patry few at less than per cent
The mortgage tax is not responsible for operators
ard investors not being abs to get money at low
rates OF interest Interest retes are high every
where IL the vast army small Spectators and
veftoTs could get cheap money there would be a
purchasing movement along the lines of the New
York, Westchester and Boston and the New-York
ard Pert Chester Railroad companies that would
equal In size and interest the great Bronx
haitian sales OF vacant land of last year. Such a
buying movement in the New-York- Westchester
and Boston and the Eew-York and Port Chester
sections OF westchester County win be here IN the
futurs unless realty signs are not true har-
b:ngers OF coming real estate conditions. At the
present time the whitehouse & Porter syndicate
the Sound Realty Company and people identified
with the New-York and Port Chester Railroad are
the leading figures In those districts
One Of the principal deals Of the week was the
purchase by the Whftehouse Porter syndicate, In
which are General Horace Porter. Alfred Gwynne
Charles 7. Cook Harry Payne Whitney and Law
renoe E. Sexton. from the Sound Realty Company of
q tract Of than 162 acres In The Bronx The
parcels In the deal the Edward Hunter Ian
don. Giles F. Bushnell and the Bronx and West
chester Realty Company (Francis J. schnugg) hold
ings. The paid for the property was made
public Som Brothers, Andrew ]. Connick Jacob
Eirsch. Joseph Hammerschag and a number OF
well known operators comprise the Sound Realty
Company.
This is investment purchase Eventually the
syndicate viii develop the tract, divide It into lots
etc, and then sell it The property is bounded on
the east by the East Chester Road beginning at a
point L5o0 feet north OF the Bronx and Pelham
Parkway, and extending along the East Chester
Road TO point 15e0 feet south OF the intersection
with the Boston Post Road making frontage Of
about $500 feet It is divided by Sawmu Lane
which east and west from the WiIiiansbridge
Road TO the East Chester Road. half mile north
OF the Bronx and Pelham Parkway. The property
is half mile wide at Saw11iI Lane Through It.
from north to south, Stony Brook. which
south of the parkway becomes westchester Creek
The route OF the New-York, Westchester and Bos-
ton Railroad. the new rapid transit railway
under construction. extends straight through the
property In northeasterly direction for q distance
Of $500 feet The road is to be elevated throughout
the Stony Brook valley, and will have nS grade
crossings II VIII have stations the property
81 its crossings with Sawrniu Lane and the East
Chester Road. sawmill Lane is two miles north Of
West Farms where the Westchester rapid transit
road win connect with both the Nsw-Haven subur-
ban tracks anc the present subway extension Saw
mill Lane win Be the third station from West
Farms
Frederick Fox & Co. sold large plot of land
facing the Botanical Gardens north OF Bronx
Park and with a. frontage on the Bronx River.
The property was known for many years s
'sFrench Charles Island" II patronzed most
h by German people The buildings the prem
Uses destroyed BY fire about year ago. The
buyer VIII erect factory ana loft building on the
site
6lawson & Hobbs sold for William H Bingham
TO sn investor the northwest corner Of st. Nicho-
iss-ave- and l2d-st. two apartment houses, each
tox1e0 feet now In Of construction Also
sold for Ida B. Snyder to Investor No. e72 Am
seerdam-ave.. Eve story double hathouse. Sxloo
feel
Archibald Russell and Percy p Pyne bought the
building az the southwest corner Of 72d-st end
Broadway. occupied for many years by the
Colonial Club. and the abuttng dwelling houses
Nos. 2s and 20 West 72d-st. through Dennis &
Preston from the City Investing Company OF which
SR Rard Of M d h Bfoaway sh RT Of
p nd-st Whether or not the buyers win imne. !
diately improve the premises could not be learned
last night The purchase prizes was not MADE
The Colonial Club went out of existence shout
yssr age SINCE that time It's 9ld clubhouse mas
some months ago by Il B. Edwards. Charles I
Boles and other persons. who said they |ould
" W r NJ Hail ssDid No. sc shave. I've |
tween cd and 64th SITS, 10 business man. who |
Sqagat he parcel as 5 gI bo Ior MS VAS re
Gently extensively altered
Yennette F. Pelletreau Co. sold the orienta, an |
eight story apartment house. No soi West 7th-st-.
Cor Snyder & Herder. for S25ooo0, TO an investor.
CONTAIN No . west 57ti1-st four story dwelling
house, 20x98s feet. Douglas Robinson. Charles 81 |
Brown & Co we're the brokers.
Potter & Bro. and Daniel 3. Freedman have sold |
Nos 50 and s5 West s6th-st- four and I'VE story |
Davis & Robinson have sold for Mrs. Emma Top |
epe 40; !, o, East 90 lot a5x1ooE seet
The F1eischnann Realty and CONSTRUCTION Com
2any resold to Samuel Wecht the BLOCK front 90. on
the east side OF shave. between 18th and l4Sth
the sellers from the Manhattan Railway Company.
=. T Quincy leased to j. d, Ihorourn q CO.
s. Park Place. for term OF years. at an aggregate
rental Of about $4,000 The company viii occupy /
TIE Sound Realty Germany bought the Crawford |
estate tract east Of White Pleins-eve between
The rutland Whiting Company leased 70 the
pany the two Eve story buildings the northeast
corner OF Nassau en6 Ann sts, for the term OF
twenty-one years. at an aggregate rental OF more
Frederick Fox Co. resoId to the NIdd1eboroo
+ understood that the buyer bought to protect the
ing, Nos 1s and IS East 12th-st- which IT recently
Gordon, Levy Co bought Nos and Is West
s.sth-st. two three story dwelling houses l6xloy1
teet and ex1o0lo feet. respectively The hTrn re-
controls plot 7s.ex1oou feet Herman Rosenberg
william P Mangam resoid for client the plot
IS Ss east ide Of Parkave snai e p 5ses
This PLOT s in the section IN which the New-York
ne New-York Central Railroad COMPANY has been
sgging for proposed terminal at LssTl-s.
ssaer acquired the property from the White estate
Leais. sehTae and W; Hannilton =, M bride Of
Charles A schrss Nos 81 and lls sth.ays:: two
ST. ss9 5gd" a4e Rl9t aa fse the suys
I Hess sold for anne T. D 1Infh nsrcei