New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-14
REAL ESTATE.

smarked Improvement IN the zeal estate market
vas mainly noticeable last week, and the Hgor q
~ trading in the upper West side sections inoicat-
q that deals IL those sections were likely 10 he
I. feature Of tie market for some months. There
more vacant lana 81 those districts ready for i'm
-ssiate and profitable Improvement from a build
srs point Of view than IN any other part q the
dy and for that reason large numbers Of builders
ere acquiring parcels there with the object ot I'm
proving their holdings as soon possible.
Brisk trading H. old tenement houses still con-
tnues Dealing IN this class Of property VIII prob
ably become much greater as the season for build
,1g draws near. because there IS q good margin OF
vosi in slterng OLD tenement houses owing TO the
Increased value II land and The cost OF building.
his rebuilding movement Is slowly gaining head
way. u may take many months before il attracts
Widespread attention tIt that y will be one 90 the
rsding features az tn market IN the near future
as certain as anything car possibly be Al pres
snt the West Side se~lor. which is expected 10 be
-ore benefited by The building o. The Pennsylvania
tunnel srauon, st 35-s-. ana 7th-aye, is ready for
improvement on better lines. Some people think
he ssotion is destined 10 become great business
aid nLroad centre. That view % realty conditions
srsting the section may be correct, but such opin
ioas only strengthen the belief hold by many realty
szde-s that the section VIII De % the first 20 be
rebuilt or newer nd grande- lines. The section IS
rog full OF cheap tenement houses. When values
there are & little higher thin nov those houses
nEt be tom down, because the present tenants
sefs not be able 70 Tcy much larger rents. and
surely better class ot te-aurs is not likely 70 be
srTa1ed - The section unless the houses ere
uossEn
Vls or the largest frsnsaC IClS reported in many
saaihs was The purchase last week by the City
Hssting Company for sbouc S20ioo5o. through
Relay & Davies and Franz E. Smith. OF the Coal
r. Iron EXcA4-se. six story brick and brown
ENs building u The southeast corner OF CorIlandt
60 Church SITS i YES an al cash transaction.
ne parcel has frontage OF a. teet In CortlaIG-st.
isa loS5 feet IN Chur-L-st The length % its east
Ne IS l232 feet It's south line is irregular The
iS comprises about 1890 square feet. The land
asssessed Tor S--t"@" ard tie and and building
~ N,ASl@h bisgoually opposite the site IL the
i@ on which the t2r1landt-sr. tunnel terminal is
u Be- built
me Delaware and Hudson Company was the sell
' o. the Coal and Iron building. Among the ten
el's OF the building are the Erie Railroad and the
os4a"are and Hudson Company. II is said that
'ae leases on the premises expire on May ], about
a.eA tine, according 10 2 report. the Delaware
'-- HUDSON Company viii move It's Offices from this
eN 70 Albany. 10 plans Tor improving the prop
ty have been decided upon
.eNA lsnan and George Il. Wilson ot Phlladel-
F-S' inquired In a big Broadway deal. They secured
. opAon on the premises No go TO 2s9 Broad
ana Nos 60 and g West 9Sd-st.. with 'front.'
" OF lls feet IA Broadway and 100 feet in the
They recently leased the property from
aes r. han!eE Under the terms Of the option
- VII heepnle The owners OF the property on
r.Hns''1 81 NezSo5) al any time within FIVE years
a, 'a1e sLs2 agreed 20 erect At onoe a building
eos' sS''9c' OF 10 deposit as q security various
- amounting within five years TO s325el9. This
: eventually 70 be forfeited unless the building
he option - iS-'-s
I've rental Is $4,000 year for the FIRST FIVE years
-, N'"" thereafter. The term Of the lease is
,,''one years. with four renewals OF twenty
-, .eeIs each a. $4,000 year without reappoint-
-. So The lessees may subet assign OF sell II is
60, 50 mat they VIII exercise their option ana
r-He Zee TO the property.
". leo bamberger the lawyer. represented
a. ~ Isunan and Wilson IN the drawing UP Of
a, eOeufaen' agreed upon between the lessees Of
Es'ea ard Nary L. Hanley the owner. The
k1"- was hl@d last week. II Is one OF the
49, On record. and covers thirty-eight pages.
a.. au d Newell LEASED for Edward II. Itch
,,s a. william T. Ingold the Arlington. Nos IS
,.... Nest Eth-st.. for a term of twenty-one
r.. @Ho nine months, at an aggregate rental Of
-, So Tho Arlington Is A twelve story freproof
e.si'sNt motel. built by the Ronald n. Macdonald
a, -Ia's tnree wears ago. Mr. Ingold VIII remodel
r. uc'u re and convert 1t into q high class tran
a. "a Aotel The new lessee was recently manager
ne Hotel Endicott
ssASon d Hobbs sold for John O. Wallace 10 an
g. NE northwest corner OF I3sth-st and
w.. 'o1na'ave.. two seven story apartment houses
rns plot looxI0o feet They also sold TO an
,s. Tot Elias Muir No. JAP West 9sth-st. fve
"a =. oofoie rathouse. on plot 25xi9A Also sold
&C. ~ Moore four story and basement brown
~ dwelling house al the northwest corner OF
ana West End-ave. THE lot has frontage
Also 80 IN West End-Sve and us feet in 7sd-st
"o f9r the Atlantic Realty Company 10 W.
,s,1 D'nthanl for immediate Improvement a r,lo,
,,,. itei ON The south side Of 1sist-st. l2s feet
~ "i ~ sicholas-ate
M Acme Realty Company sold through T. y.
49,. ~'isn Aos. lal and lS3 PriGce-st. seven
ss,', mercantile building. plot sDx7ls feet for
s,l s /" Lumis sola for Charles TIoBland Rus
a, - q client 81 }. -. Trenholm tho four story
a "p hroHnstone private dwelling house No
tafil kion-aVe. lot 20 sxRfx Irregular ss feet
~ ~ Stth-si.. on she west side of the avenue
aeoft - 'es a Gross Company SOLD for Herman r.
q 80 On ave, i've story mercantile build