New-York tribune., 1905-07-09

tenement mouse deals were feature or the mar
ket last week and are likely TO continue to be for
several months Had there not been . fair volume
OF business in property OF this type realty activity
in the week would have been considerably less than
1t was The real estate season which ended with
the appearance of summer was marked by un-
usual -Nigor. especially by a phenomenal purchas-
ing movement in vacant land. After long period
OF the most pleasing kind, il is no wonder that the
SIMMER season, better known in realty circles
the snnuai dull season. is noticeable for its
many dull days. The quietness OF the market Is
natural Compare. however, the present summer
season with the corresponding time of last year or
with any similar period for the last fYe years ana
81 Will be quickly that in many lines OF the
realty business much more IS being done OF course
there is a decrease OF many millions a day in the
OF the mortgages being recorded as COM
pared with the totals OF each day OF the last
week in June. But such decrease was expected
owing the new Mortgage Tax law being IN opera
tion. SO far there signs that the new law
has resulted in the abandoning OF any proposed
building project upset a deal or any type
Whether or not the market will adjust itself nicely
10 new conditions Will probably not be known untli
the coming fall season is well underway
One OF the principal deals reported last week
was the sale by A. Maynard Lyon OF No. % LID
erty-st, southeast corner Of Church-st-' a hVe
story business building. &c 2x53.l feet The prop
erty IS assessed al $4,000. Edward McNickar ana
Douglas Robinson Charles S. Brown & Co. were
the brokers. II was said that the buyer Is Emily
N Vanderpoel. the owner OF an adjoining parcei
Another important transaction reported IN the
week was the leasing by the Farmers Loan and
Trust Company OF the Delafeld estate plot, at the
southeast corner Of 41st-st. and 5th-ave. through
Horace s. Ely & Co. for term OF twenty-ohe
years with privilege OF renewals. A building TO
be occupied the uptown branch OF the Farmers
Loan and Trust Company will be erected on the
site.
The movement 10 transform 72d-st. between CO.
iunbus and Amsterdam aves into a high class re-
tail shopping district last week attracted consid
cradle attention. The four dwelling houses Nos
i2l 1884, l57 and le2 West 72d-st were recently re-
ported sold by Slawson G. Hobbs II is understood
that those parcels will soon be altered for retail
business purposes.
The same hrm of brokers last week sold for
Charles ]. Follmer No. l54 West 72d-st-. four
story brownstone dwelling house. 2oxsoxloo feet
This house, IL also understood, is TO be altered
for business purposes in the near future.
B. H. weisl1er. jr. of James L. Lbbys office,
sold in the week the block front in 1S4th-st, from
Valentine Tiebout II has frontage of 2SS
feet The buyer is the Lochinvar Realty Company
which will erect two-family houses on the site
Also sold for H y. Sinshi the three story brick
dwelling house at the southeast corner OF 1s4th-st
and Dayidson-cve. Also for Raymond Moore,
plot 651230 feet the east side Of Aqueduct-ave,
about 2ls feet south OF Kingsbridge Road The
buyer will improve the property.
Charles L. Duross sold the Prudential Real
Estate Corporation for the Chautauqua Planning
Mill Company No. $50 TO 33i West i5th-st., seven
6Oxso feet
Plans were filed last week with Buildings Super
intendent Hopper for a new four story freproof
banking building TO be erected for Redmond & Co.
st Nos 81 and 80 Pfne-st It will have a frontage
OF 5oslz feet and a depth of s4ll feet. The FACADE
will be Of white marble, adorned with columns at
the first story supporting an ornamental cornice
and having TWO entrances, one at the east and the
other the end OF the structure The build
Eng is to cost :5aoo The architects the estate
OF Bruce Price and De siBour and John Russell
Pope.
Plans were also fled with Buildings superinten-
dent Hopper for the store TO be erected for John
Clafin. on the plot No. IL TO West 5ith-st,
and extending north through the block to Nos II
and IS West S5th-st. II is TO be ten story fire
proof structure, with FACADE of granite and lime
stone fronting 150 feet and having depth of 1871
feet. 1t VIII have spacious central entrance in
Sath-st. and will be equipped with eight passenger
elevators fodr on either side OF the building. The
building is Sl.5oo.eoo The architects are
Hale & Rogers. The Thompson-Starrett Company
VIII be the builder.
Another interesting building project made public
was that which viii result in the remodelling of
the four story and basement tenement house No
s22 East 2Oth-st into large scenic studio for
Heinrich Conried, director OF the Metropolitan
Opera House who has bought the tenement house
A extension will be built, giving the studio
fCll depth OF feet, and the present second floor
v II he removed entirely. The studio will have
fire escapes and machinery for handling big
scenery. The necessary Improvements to cost
5000 according TO the estimate OF Arthur f. S.
Fletcher. the architect.
In the latter part the week the plans for the
new twenty-three story hreproof skyscraper office
building 10 be erected for the United States Ex-
press Realty Company. of which Frank H. Platt is
president. at TIE northwest OF Rector-st.
and Trinity Place. which is the site of the
twenty-one story Trinity Building. We're made pub
lie. The structure will have frontage OF Ils7
feet in Rector-st with two wings fronting 1899
feet in Creenwich-st. 142 feet in Trinity Place
respectively. II is to have FACADE of granite for
the first five stories, and brick trimmed with terra
Gotta above that II will be equipped with ten
passenger elevators It is 10 cost a.soOoo accord
ing to the estimate of the architects. Clinton &
Russell. The plans. which have been filed, COM
prise a set OF forty-two large drawings.
The Real Estate Record and Guide" says In its
last issue regarding the real estate situation in
part follows:
or course the storm OF business transacted dur
Ing the last few weeks is bound TO be succeeded
would under ordinary circumstance be distrfb-
uted throughout the entire summer were consum-
dulness seasonabie during the summer time, will
be curing July and august more than usually con-
the beginning undoubtedly serve 10 decrease bust
ness Under existing conditions imagine that
that In the fall there win be revival OF -sctiyity
and that this activity will not be very much dmin-
carrying charge OF few million dollars year is
not sufficient 20 check speculative real estate and
hy naGhs sxa fer 6rd IL ~ah as
there are at present. In few months operators
and will not De deferred by the fact that they
must pay one-half OF per cent more for IT, The
existing spell Of real estate activity IS over. and
permanent effect OF the tax Then the margin OF
profit is small that the tax becomes matter
SffflfTf eNei he ends