New-York tribune., 1905-06-18

no signs OF new and important purchasing
movement were revealed did any Of the
builders do anything extraordinary in the build
ing line Still. the week did not reach that stage
as be void Of interesting features. And even IL
q had It would probably not have caused any
uneasiness 10 the strength of the market, for
fhe summer season is here and II is time when
more people identified with realty operations
thinking Of enjoying q vacation than per-
tecting carrying out new realty plans. The
principal period of realty activity begins about
September and ends about July l. From the
early part of September to about the latter part
Of June activity Of the most pleasing type is
usually continuous. Then come the days in
which there is marked falling off in business
a noticeable condition Of the present market
The prospect, however, of a fairly interesting
summer season is not bad. On July the Mort
gage Tax bill will become law. and from that day
the work of readjusting the market to new
conditions arising from the law will be well
under way. The law may create a tight money
market for operators and builders and may
cause the borrower to pay the maximum legal
rate of interest ali his loans. If there was
no fear that the law would have harmful effect
on the realty market the outlook for a good
summer season would be excellent, it is thought
But the majority Of persons identified with the
market are going for the next two months to
as the realty. While they are taking this volun-
tary rest they will expect some of the realty
leaders to stay in town and to try to direct the
loan market so that it will not be displeasing to
the public when the time comes In September
for widespread awakening OF realty activity
There are yet no signs that the Mortgage Tax
law will be setback TO realty progress Hun
dreds of big men in real estate affairs consider
the bill "a legislative mistake" and expect
realty earthquakes when the bill is law. but
many OF these opponents Of the measure have
been heard to say when they were in happy
mood that they expected to be able to live under
the law, and thought other people would also be
able 10 live
II is no easy matter to bring about realty
earthuuake No man or clique OF men hold in
their palms the future Of the realty market
Stlu some men think they direct the market,
and frequently the market jolts them. Just as
reminder that they are only a little factor in
the real estate game If there are to be realty
earthquakes" where are the signs Of the i'm
pending calamities? For some months the
purchasing movement in the central 4th-aVe'
section has been well under way and that move
rnent is fairly vigorous, and ought to continue
in that state this summer. Its strength was
feature of the market last week. Another feat
ilre of the market last week the number OF
sales OF property in the district bounded by
14th and 43d SITS, 4th and Sth aves., OF wnich
the central 4th-ave. section is part
one Of the leading deals in the central 4th-
ave section was made by Arnes Il Co. They
sold to John L Martin the old Putnam House
property No 36T to 3I3 4th-ave. and Nos. 103
and 105 East 26th-st- The two parcels form an
''L" shaped plot with frontage of 90 feet in
the avenue and Of II. 10 feet in the street. The
combined plots comprise 5000 square feet.
The Kerr estate owned the property for about
sixty years. In March the United Contractors
Corporation signed a contract to purchase the
plots and the corporation is the seller in this
transaction.
Another interesting deal Of the week was the
sale by Thomas P. Fitzsirnons Of Nos. 142
md IA West 29th-st., two three story buildings
on a plot 81. .6x9S.9 feet, for the City Real Is
ate Company, to Robert Christie q Son. Inc
buyer will improve the property; .o.X
George Nicholas sold No - west SsIn-st 5SSf ST.,
buyer has purchased No. 30 West 3Sth-st.
similar building, making plot OF 5oxloo me
buildings will be altered and used by Henrietta
c. Schroeder. furrier and cloak and suit manu-
facturer now in lower 5th-ave-
Samuel Goldsticker sold for Mary R. Dennis
to walther J. Cohn and Edward Baer No. ia to
$50 West 30th-st. plot 81 IL by SS9 rect
ABB ham Boudouine resoid No. D West oist-st''
a ten story loft and store building, on lot 2ox
Ss 9 feet The parcel is i25 feet west of 5th-ave.
An investor bought from Herman WronkoY
for Sz30O00 though T. B. Wakeman Nos. 23s
houses. on plo+ 75x100.5 feet.
William L. Sutphin sold to Seth Sprague Terry
No. 161 Madison-ave- a three story ana paSe-
Tnent dwelling house on a lot 25.4xoS 1eet. Ihe
seller recently bought the property.
Mandelbaura & Levine and TIE New-Arnster-
dam Realty Company sold 10 an investor NO fOz
sth-aye northeast corner of 30th-st, four
story hotel on lot 25Xe7 feet. Douglas Robinson
Charles S. Brown & Co. We're the brokers IN the
transaction. .
Samson & Lachman sold to John Addison, the
builder Nos. 3 and East 2Sth-st.. 50xsSs feet
Mr. Addison will erect on the parcel a pig apart
ment house which will OVERLOOK 9 81, St, Lso
East 29th-st. and Father Ducey, rector OF ST
Ieos Church No 9 to IL East 2Sth-st. MI Ad-
Olson took title TO the Samson -Laehman piot
E H Ludlow & Co. sold for the Hall and Duer
-states Nos. Is and Is East 24th-st- four story
--y.,!iny houses. on plot 3ox9S.s feet, opposite
the Metropolitan Life Insurance Building
n 6. L. Hess leased for Matthew tsock the
rfw eleven-story and basement building TO pe
erected at No. 80 5th-ave-, southeast corner Oh
32d-st. size IS 9xi50 feet. TO Henry Corn, from
the plans OF Maynicke & FRANKIE Mr. corn
takes lease on the new building for twenty-one
years from May ], 1857 The renta! cohsiuefa-
7.-sil aggregates close to S1.ooo,oco The buiid-
10 the one opposite built by Mr.. Corn, ana
known as the Reed & Barton Buflding-
The Lyons estate sold No. Al 5th-ave., SOUTH
east corner OF 4ist-st.. a four story and base-
ment brownsfone front building, on a lot .l9.ox
eS4 feet The adjoining parcel ON the avenue
is owned by the Delafield estate.
A L Mordecai & Son sold for the Ninety-
second Street Company Century Realty Com
pany and Sonn BrosD, the properly a1 .ie
northeast corner of Riverside Drive and SSo-sl.,
being about 81 feet front and rear ny ~ zee. ~
depth 10 the West Side Construction Company
Jacob Axelrod. presdent). The buyer VIII I'M
prove the plot by the erection OF nine s'ofS
apartment house. g. r,,u
The West side Construction Company is now
'ir1nroving rhe remainder of the Riverside Drive
front III, 10 the 93d-st. corner
Henry D. Winans q May sora ,r 10 lof ,,s " rouy