New-York tribune., 1906-08-05
PROFITS FOR SMALL OWNERS.
TO CARRY OUT BUILDING PROJECTS, Many REALTY
OPERATORS MUST BUY BACK LOTS THEY SOLD.
Transactions of Include Fec Big DeSae of Bronr
Tract of the Week.

Few interesting or important. private sales were
reported last week. Though the volume Of Dusi-
ness transacted small. little realty actl'lt'
was expected. and therefore there was no cause
10 be nervous over the sluggishness Of the market
Trese quiet days for real estate men show that
the majority OF realty leaders have learned 20
gauge accurately the demands OF the public But
sometimes they slow in trying to meet thOse
needg a fact which Is plainly revealed Dy theII
ta:diness in not urging and helping builders as far
as in their power redouble their efforts 70 sup
ply the calls for small frame houses for one OF
two families each in tho suburban secuOhs' -
would indeed be Z difficult task to find realty
leader who has not made money in real estate
ventures in the last two years Values in nearly
every section Of Manhattan Island. The Bronx ana
especially in the suburban sections. are much
greater now than two years ago.
About two years ago there was vigorous pur-
chasing movement in Harlem aathouses; then came
the remarkable quick market for blocks and blocks
Of land in the Fort Washington Heights and
Dyckman sections OF Manhattan Island ana IN Inc
Bronx and lately thousands OF little buyers nave
been prominent in the purchase OF vast tracts OF
land in the upper sections OF the city and on Long
Island In the last movement most OF the Dig
speculators dfsUosed Of nearly all the property
they owned which was suitable and could be proht-
ably used sites for small frame houses some
of the operators who have such property are i'm
proving it with frame houses for one or two fam
lilies each and are glad they did not sell their
tracts as their profits from their present projects
are much larger than il they had to buy lots to
build on Maybe the attitude OF the operators who
realize the extent of the demand for small frame
houses and who must buy land in order 70 join
this building movement, is due to their apathy to
purchase land at higher than they sold ii
for. This situation ought to make many small
owners of suburban lots bestir themselves to take
advantage OF It. They may experience consid-
cradle difficulty in getting building loans If they
want to erect houses their lots. but II their
lots are in the growing suburban sections more
than one builder operator will likely be found
who will improve their property. The supply OF
improved suburban property is far below the de-
mand.
one of the leading transactions last week was
the purchase by Albert Rothermel Of a plot OF
twenty-four lots at the southwest corner of Tiff
fany ST. and WhtlOck ave, 600x100 feet. He will
erect on the corner parcel 5OxeO feet a six story
hathouse. and the remainder of the plot frame
buildings for two three families each J. Clar-
ence Davies was the broker.
R. Wilmarth Appleton leased for F. J. Woods
The Hotel BTg~s swisk seven o story STR structure at
avenue The property was irelently sold to Mr..
Woods The lease is @ for & term Of six years at an
Daniel E. seybold bought for about $4,000 q
Gold and Fulton streets. The parcel has frontage
was recently purchased by Daniel B. Freedman
and Joseph Hamerschlag from Edward T. Bart
property pro 5y carries carries 0'S mortgage saso Of 5OoS
Ogden Clarkson leased for Robert Smith 70
Leon Rosen the building No 46 West 18th st. for
long term of years an aggregate rental of about
$4,000.
Stephen L. Angel bought the Graham estate
property at Hawthorne, Westchester County. II
Of land south Of Mount KiscO. ~
The Goodman Realty Company leased for the
Fleischmann Realty Company 10 a client for a
term Of years the Realty Building. at the junction
Of l49th st. and Willis and Sd aVes
Elias Alexander and Joseph Maud sold Colonial
III a The six story BUILDING e. On plot G 10000 Tfs
ave, for Sonn Brothers 20 Fl. MarlEowitz. In part
payment Mr.. MarkOwitz gave block of twenty
six lots bounded by the Southern Boulevard Inter
vale ave. Fox and Tiffany SITS.
D. L. Block Co; sold four new apartment
VeStor.
NJ. Edgar F9tz- -Gibbon sold for Henry schaefer
TO Frank Jaeger the Oregon, a six story fathouse
with stores, Nos. 965 and 967 Amsterdam
a plot so. 4X100 feet.
1iandelbaum & Levine sold through Marcus
Kohner three five story hathouses at the north
east corner Of 6Oth st. and 1st ave. 15xl00 feet
The sellers recently bought the property at auction
Richard NJ. Montgomery made the following
leases in the Royal Building being erected at
prsing 5056 square feet. 10 the Aachen & Munich
Insurance Company. of Germany for long term
of years; the tenth floor to the Rossia Insurance
Company. the largest Russian insurance company,
for long term. and the twelfth floor to the Lum-
ber Insurance Company of America for a long
ground floor of the New York Produce Exchange
to the United Cigar Stores Company for a term
Of years.
Richard Y. Harnett Co dnc) sold for Julia
Rieper to a client No 146 West SD St. a
story elevator apartment house.
W. Bayard Cutting jr.. sold No. IS East S1st
1902 feet.