New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-02
BUYS 80 RUMSEY PARCELS. |
PROPERTY IS IN THE DYCKMdN SECTTON-ANDREH
J. CONNICK THE PURCHASER
Realty Company Sells the NgHe apartment H0"-Ihe chelsea
ComDanu Pags $500 900 for Prospect Park South Plots

T. FeIlraan has sold for the Bronson c. Rumsey
estate and Dexter T. Rumsey. Of Buffalo 10 An
drew J Connick the block bounded by 9th-ave 2O9th
and 10th sts and Harlem River with the eXcep-
ton OF a Parcel at the northeast corner OF 2lUth-
ct. and eth-ave. The block comprises twenty-three
lots Nj Fenan also sold one-haf block IN Sth-
ave extending 10 IOth-st and the Harlem River
comprising sixteen lots for the same sellers TO the
same buyer Mr. connick Will cut UP the plots into
small parcels.
A c & H n. Hall Realty Company has sold
the Melville q seven story apartment house on
plot llIxlO0 feet, uSth-st. and Arlsterdaca-afe'
10 Samuel Borcha6t.
Tean Award has sold TO the Chelsea Realty Com
pauy through T. D. Berry. for about 10000 cash.
his interest in the vacant property at prospect
Park South. The sale comprises about 1orty-nNe
plots. Twelve houses IN various stages OF con-
structon are not included IN the sale. The houses
will be sold at reduced prices TO close out the ent0e
interests or NJ Alvord IN the tract, as he ras de-
cided 10 discontinue the building business ana
VIII hereafter devote his attention and capital to
investment property in Brooklyn the Borough OF
Queens and In Nassau and Suffolk counties
Mr. AIvord controls some three thousand acres
of choice holdings IN the suburban sections OF
Long Island Rnd has still UneXecuted buying com
missions from Manhattan capitalists amounting TO
nearly 10000. lie thinks the greatest profit
now lies II the purchase OF property Of the char
acte- Of Prospect Park South when 1t was bought
five years ago. and that all acreage property With
IN an hour OF New-Yo-k. with completed transit
must increase in value from two TO i've times De-
fore they have reached even their normal place in
comparison with values in other cities OF over
105A O population There are now enough capital
lists OF the same opinion 10 take over any prop
erty which Alr. .AiVord IS willing TO recommend
While Mr. AIvord has ceased TO develop local
property, he is improving at CedaTcrolt 20 acres
and at Port Jefferson 800 acres, He viii dlscon-
tinue his FIatbush Office ana has removed his
\ew-yorEz headquarters from No 26 broadway,
10 no 277 Broadway, where he has a large SUITE
Of Offices and stan ot seven men, each grained IN
Z. FaTnsSoTth. formerly with the Aol1erson
Company Is manager Of the county department,
Mr. Alvord cevotes his personal attention 10 the
selection and recommendation Of investment prop
frank D. Berry, who has had charge Of til, the
sales Of Prospect Park South for the last t-Tee
wears viii continue be identified with 1t under
Or Alvord said yesterday, IN speaking about the
Prospect Park South sale, that he tett ms VOTE
there lad been completed, that be had deveIoped
the section 10 the highest point Of when ne was
capable and that there really remained noun
.nE more for him 70 do; that the properly Hau
and that its character the highest type OF res
dental park. was fixed beyond peradFentuIe: ne
now desired devote his attention to new ana arg
er deveIopnents which he has already liaceFlathtn
Surfhe- our on Long Island He would continue
10 have z keen interest he said IN maintaining MS
production 81 the highest possible standard