The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-03-12
THE REAL ESTATE MARKET.
MORE INTEREST SNOWY IN THE
OLDER PANTS or TOWN
Operators Turn Their Attention TO the
Central sections During the Lull In
the Uptown Lot Boom-Iig Deals
Made south Of Fifty.ninth street.

Tur
Central Srottors nurlnr the Iuu In
tho IotoNn lat Boom-IIig peal.
Nade SCUM of Ftf,.ninth street
considerable amount OF specuiau We
trading IN uptown lots was done last week
However, was not centred in any par
iicular locality The boom on Washing
ton Heights has come to an END Tor the
present Operators are uncertain az 10
where the seat OF the next speculation is 20
he, and as their object Is quick PRONE
rather than distant rise however alluilnR.
their attitude must for time be one o'
eHpectant hesiiancy ana cautious eN-
detrimental buying
Ihereare half dozen neighbour 'ods lPe
for further exploitation but II an operator
committed himself just now TO one OF them
he might in week find his cdptaI ued
up while a boom was beginning It's course
elsewhere Consequently. dealing IN va
cant land Is widely distributed as com
pared with a few "eeks ago and decidedly
smaller Ia volume,
The mel ghborhood' which seemed 10
attract the larger share OF attention were
the DycIdnan tract. the southwestery
rart Of The Bronx adjacent 10 Washington
Bridge, the jerome avenue district and
The section Of The Bronx influenced by the
easiery line Of the rapid transit road
Some renewal OF activity was also noted IN
upper Harlem Quite a number OF deals
continued to he reported from Washington
Heights They included, however few
purchases 10y operators OF experience
and standing
The lull IN the uptown land speculation
has apparently reacted TO the benefit OF the
Older districts. A marked increase OF bust
ness developed during the week ~ the
southerly half Of Manhattan. A number
NJ r~ivate houses we're sold east and west
- -, III e.,,io,,,-s ,,aro active
OF ,en,ra' rarA' oPecu,"'o'S 60
IN huyNng up properly pe'"ee' i"en'S
third and Forty-seventh streets ana fark
and Seventh avenues. Some attention was
q van Ia tina r,ercantile sections south Of
-. ~ stroo, md so,,er,l transac-
"'"' 'N''N ~ - -. "a,
tons we're made IN the do"hto"n o'HCe
building district.
An interesting deal in the midtown neigh
borbood was the nurchase Of the old Knick-
oui "o'"I a. we pu f,,'s ~ o,,,h,,s,
eIpocNer N.h,eV'o N"'' az ''D
corner OF Madison avenue ana fory-hth
street bv the Tiffany Studios. These are
os,b s,raat Tbeir ramovsl ia dictated
81" -t.., - t.,,a...t,,, 49,
ch'cHS ny 'he heNessl'y " 'oi'""Hb VIC
northward migration OF the hlgh class
district. Fourth avenue be-
tween Twenty-tbird aud Thirtv-second
80. 10 -, o,.,, lar,,oI,, 70 q closs oe
-. -
rPthI trace "hich Hourlsheu lheI' "ueh
t7uple Of fashion had their houses princi-
p,lly around Madison SQUARE No doubt
tjs ,rode ,,;ll sustain heavy loss Of rras.
.,'...t .,.,, Ias.~,ior - ,l, T;Ta,.
I'Ee 'n'ouEn u'e 'oieN,'O" " ."'''
studios. ana those OF the remaining hrms
which are in position TO do so will probably
seek new locations uptown.
The opinion seems to prevail that Fourth
venue and the streets running into II
between Twenty-third and Thirty second
will eventually be occupied by wholesale
,rade A number of purchases OF a specu-
ative nature have recently been nude in
and near the avenue with this idea in view
Property there ia now 20 be had at prices
which will carry the purchase for year
or two while Offering the prospect Of a
handsome profit when the site becomes
available for improvement with a loft
building
That time, il is believed. should not be
lar distant. az the wholesale commercial