New-York tribune., 1905-01-08
THE WEEK IN REALTY.
Vest Thirtyfourth-st. Transaction
Feature of Opening Year.

The first week OF 1905 was marked by an excellent
demand for parcels in the central Fifth-ave. dis
trict- One Of the principal transactions reported
In that week was the sale OF No. 314 Fifth-ave.
nve story business building, on a lot 24sxlO0 feet
for Joseph AIilbank TO Frank Martin OF Paris by
Horace s. Ely & Co. and s. Osgood Pen & Co.
The parcel adjoins the building at the southwest
corner of Thirty-secondst. The purchase price was
1t was reported. about s1O2 square foot a record
price square foot up to that time for inside lots
In the central section OF Fifth-ave.
The week also showed several important deals
IN or near she central Fifth-ave section and
excellent volume of business IN improved and
cant property in nearly every part OF Manhattan
Island
The principal deal OF the week In the central
F1rth-ave section the purchase by a well
known drygoods firm OF this city through Albert
d. Ashforth. from the Century Realty Company.
OF which William H. Chesebrough is president OF
NOS IA ;, and West Thirty-fourth-st. and Nos.
ana West Thirty The site is opposite the
Waidorf-Astoria and adjoins the the Cent
ury Building The buyer is the second big dry
goods house which has recently bought plot
In the section. the other firm being 3. Altman &
Co.. which will have a F1fth-ave home in the
bock front on the east side OF Fiftn-ave. between
Thirty-fourth and Thirty-hfth SITS. Not many
months ago 1t reported that an apartment hotel
would probably be built the Century site just
sold.
The premises have frontage of 100 feet in
Thirty-fourth-st and 50 feet In Thirty-hfth-st.
The east half of the plot extends from street TO
street. The west half has a depth of 130 feet
Part of the parcel was at time owned by A. I.
Stewart. No. West Thirty-fourth-st owned
and occupied for many years by the late Judge
Henry Hilton The property is assessed by the
city at $4,000. That appraisal was made some
months ago. and since then the value OF property
in the section has greatly increased. The purchase
price is said to be not far from 81, 100000.
ACTIVITY ON THE WEST SIDE.
The realty activity in the West side section north
OF Fifty-ninth-st and south OF the Fort Washing
ton Heights district. is pleasing because it is OF
greater strength than it has been for months
and with every prospect OF attaining larger magni
tude. This is to investors Of the most attrac-
tive sections of Manhattan Island
One of the leading transactions in the district
last week the purchase by Albert Flake and
Robert E, Bowling. vice-presidents Of the United
Clark estate, through Slawson Hobbs and Richt;
b f5e se & OF h an tne xaea az pdtce5 % dnt
ing in Central Park West. in the block bounded by
3 Park saa Wss bt pafsss s sod Comprise
s2rtysix s lots eight Of which front in Columbus
in Eighty-sixth-st The purchase price is said to
Messrs Flake and Dowling made a quick resale
Of large part Of the property. They sold through
north Side Of Es6tyaft6-s h- 80 feet west west Of CEN
JraI I FarK west to James Carlew' the buder ,,, ne
houses
There were several other important deals In the
change Of property by which the Manhattan Square
story apartment hotel at the northeast corner Of
sGg5Se m and m ieoGqs Gv The
hotel plot has frontage Of 1922 feet in the ave
Lampfear was the broker:
Hanson e starr sehapiro Z POTtmsnp tge ave
TSnd-ave These houses are on the east side of the
avenue. between sixty-eighth and sixty-ninth SITS;
block front with the exception Of the corners
purchased by him through the Same brokers from
the purchasers.
AMsTERDAM-AvE- DEAL.
Another interesting deal in the same section
the sale by Charles Griffith Moses for William Ro-
senzweig of the plot Of lots 125xOo feet the
west side Of Amsterdam ave. % feet north of
One-hur ed-and- -thirtieth-st.. being the whole
block front except the two corners. to Geger &
3raverman. The buyers Will improve the plot at
once by the erection OF four six story apartment
houses t. be built from plans drawn by Neville &
Bagge. The transaction involved about $4,000
The Real Estate Salesrooms furnished the only
new record mark made public in the week. Parish.
Fisher Mooney Co, were the auetioneers IN this
s. Hart the two three story dwelling houses, Nos.
ls and p East One-hundred-and-twenty -fourth-st;
be about 5000 more than the highest sum ever
property faces Mount Morris Park. There were 1s6
bids for the parcel The bidding started AT $4,000
age in One-hundred- twenty hfth-st II was the
opinion of those who attended the sale that few
more such sales would induce many property own.
offer their property at auction instead OF az
one of the principal downtown transactions re-
ported last week was the sale by Miles Heter T0T
feet which is an old tenement house; for the
Peter MeArdle estate Of Nos % and % beaSh-st %
Beach-st, Be- Old buildings This pEGPerty will be i'm
proved with large business building. george -
De Lacy is the buyer.
A REALTY PAPERS OPINION.
'sThe Real Estate Record and Guide" says in It's
latest issue IN an article the real estate stua-
tion in part follows:
So far as real estate is concerned, the new year
been numerous varied. and in many cases OF a high
class The chief centre Of commotion has been
the frst place the Aitran purchase Is having It's
inevitable effect Two hs pr etbD eG~ boTgh
or leased houses on the side streets near Fifth
presas sa' than 6gy they would Few ago have
been obliged to pay for Flnasg l9eson o arsa H
deal more OF this occupation OF the side streets.
E9t only wl or ah bS disSIaeed but Others viii be
Obliged to 2Es Of the B U9
ent will have an eeet HgG9 T9ee1t neas
Fifth-ave who are displaced by the business inva-
sion will have money enough 10 buy sou5es in the
20 which this displacement win take place IN the
future been as yet by any means measGTeG
property from the Centurv Realty Company by a
stamps Thrty-fourth-st again as the best locatdon
for special shops Of hgn gfaqfb tba, wg ag eo Teek
or two number Of additional disclosures VIII De
made about As Istarfng as those Of the last month
This prediction is not entirely sSesS S5 nroec 91t
which under negotiation But 1tner seGions G %
are c also 9oS HG on the West Side which viii
P ffmnToved during the coming year with an ex-
gG5dde good deaf of Gyms OF business
tenement house reai rrad5g in Vacant land has con-
tinued to fall on and VIZ s ooIo.iTsS th at nontb