New-York tribune., 1905-02-12


poses though most Of the other lots were sold to
be used for dwelling house purposes only strenu-
GUS efforts are being made 70 preserve the residen-
tal character of the block but so far these efforts
have not met with much success. Mr.. Balm also
recently bought the Euclid Building No 56s 5th-
ava
SALE IN WEST 52D-ST.
Still another important deal just north Of the
old Broadway Tabernacle section was the sale by
Herbert a Sherman for William Harris Roorne and
his brother OF No. West 52d-st, four story
dwelling house, a lot 2OxI00 feet. The parcel is
in one OF the choicest residential sections Man
haitian Island The house is to be altered extern
sivey. The buyer is investor.
Several large 5th-ave. projects were made public
IN the week Plans fled with Buildings Super
intendent Hopper for fifteen story mercantile
building. TO be erected the site of the recently
demolished Hotel Logerot, ct the southwest corner
Of 5th-ave, and 1sth-st- for the Fifth Avenue and
Eighteenth Street Realty Company. of which Henry
Corn Is president. The building will front 60 feet
on the avenue and l15 feet in the street It is TO
have a facade OF brick and limestone with terra
Gotta trimmings and ornamental cornices at sew
eral stories. The ground floor is 10 be occupied by
stores. the lower floors by offices and the upper
stories lofts for light manufacturing. The cost
Is estimated at 10000 by the architect Robert
Maynicke.
Plans were also fled last week with Buildings
Superintendent Hopper for the remodelling OF the
ground floor and basement Of the eleven story office
building at the northwest corner of 5th-ave. and
Ast-st. owned by the Hudson Realty Company,
into quarters for the Union Exchange Bank. now
partitions of marble and tile mosaic floor will
Be laid and twenty.ton vault installed in the
mated at $4,000 by the architects H G. Jacobs and
In the week the City Investing Company CFlake &
Dowingl bought through Chambers & VeIer. from
jo5 8sl5O feet at the northeast corner OF $lstst
so "a anu & %ibTT bIf f1erhs m t+ sI 31N faS1 '
adjoining Delnonicos. The building is leased TO
c. z. Simcox for d long term Of years.
APARTMENT HOUSE SALES
Many apartment houses changed hands last week
One of the leading transactions of this type
the sale by Amos S. Lamphear of the eleven story
Areproof and steel constructed apartment hotel the
Royal Arms, the south side Of 43d-st. 100 feet
west of 7th-ave.. for a Mr.. Callahan TO Frank E.
Eberhart The hotel is leased for twenty-one years
for about s550.0o0 Nr, Lamphear has also sold the
BaldEtn Hotel at atlantic city for MI EosT566 a o6
The announcement made last Friday that Colonel
0n ffont oac4R on the Mes se Of 3 from d to {
gt. attracted considerable attention Thomas !;
be lessee The size Of the plot is lioz2o9 fe9t
week
A. L Mordecai & Son sold for Heilner & Wolf
l2lst and I'D SITS. between, AInsterdam,,ave and
5a1y TSe parces % comprs two lots on the south
side Of 122d-st, 200 feet west of Amstertaln-aver
$25 feet east of Broadway. 75xso.u feet and eight
!oIs on inc o noFn @ sae OF rs = f g 4 a m 6 9l
two lots on the south side Of 122d-st the West Side
aaTe9 hoaa % feet front On s9y the other
elevator Apartment house 7s feet front and on the
eight lots in 12lst-st it will build three elevator
They also sold for Heiner & Wolf and the Realty
Mortgage Company plot .5i at the northwsst ives corner
sterdazn-ave. by $50 feet in 122d-st, 10 Ravitch
brothers.
REALTY PAPERS OPINIONS.
The Real Estate Record and Guide says in its
lse4 in an
in part follows:
most g ss feature @ sesa Of the the Sa
nlaIhet "a lFs 10 streets betryaer sa+ .d Sa1t
sts 5th and sth aves Ever since the Altman pur-
slas' sbaf vsues in 5th-ave were destined 10 go still
higher, spectators as well as retail business men
have been buying these side streets. the convic-
ton being that they would become available for
posed Rents are so high in the avenue itself that
only very wealthy firms can afford SO expensive a
location. Large numbers or Smaller shops appeal
ing 10 the same class of customers the 5th-ave
ss9ps Sl 6rh The side Streets south Of s4th
81 are already pretty well occupied by apartment
Streets are still mainly devoted residences and
& While teSe gorfh more for business purposes than
they have been under past conditons' SpecliatoITs
consequently are buying freely and have already
succeeded In getting control of many pieces d for or
pr9peTsy the pace viii be more moderate the
future Nevertheless. the fact that some nfteen
tnany more win be sold during the next few months
win have direct and indirect eeels uon ''e Iea
II means that within the next few years private
dwelling houses will be practically banished from
the region south Of E2d-st, and perhaps even S9nI
- This statement must. OF course. ne quahued
10 a certain extent Just north or washington
Square there are a number OF pleasant prlVate
reconstruction The Chelsea district also seems
- he safe for years 10 come. lnen Inc
streets IN the neghborhood OF Park and Madison
aves between s5tk and i0th sts,, are Sun beyond
fhe reach OF the shopkeeper The properly Is worm
more In that vicinity for residence than r. Is for
business purposes, and II may be worth sslla iloie %
H. as we are informed. j. P. Morgal proposes soon