New-York tribune., 1906-10-28

Activity In the central Fifth avenue section
was a feature last week of the real estate market
One or more deals affecting property in that dis
trict were made nearly every day. This high
class retail shopping district Is not much over a
mile in length, and with scores Of large retail
houses still seeking to get choice sites IN the
avenue for a permanent home 1t is no wonder
that new record prices a front foot are being
constantly made. Though millions of dollars have
already been spent IN Transforming large and
small plots from residential to business uses the
rebuilding OF tho section Is still in the initial
stage.
The entire section is destined to be lined with
an almost unbroken row Of modern business
buildings, and these projects will represent
another outlay of many millions. The sum Of
s75O.00o paid last week by Jacob Neadle for the
Lotos Club property. Nos. $50 and 55s Fifth ave
nue.. with frontage of fifty and depth of 100
feet, may seem high. but as many Of the realty
leaders expect to see lots IN the Lotos Club SEQ
ton of the avenue selling at $4,000 front foot
Mr.. Neadle has IN paying a little more than
$4,000 front foot for the premises got a very
attractive speculative parcel. Chambers s. Vail
Ter were the brokers who acted for him in the
purchase. This firm Of brokers also leased in
the week for Henry G. Trevor No. SIS Fifth ave-
nue. four story building plot 2sx125 feet,
between AID and 44th streets to client. The
lease is for twenty-one years. The lessee will
not get possession OF the building until May l.
1908. when he intends to make extensive altera-
tions to the premises for the OF his own busi-
ness
The largest Fifth avenue parcel sold In the
week was the plot 73 Sx100 feet at the southeast
corner Of 42d St. owned by the Columbia
Bank and the American Safe Deposit Company
Felix Isman, of Philadelphia. paid 81 $4,000 for
the premises. On the plot is one seven story
building and three four story structures. Dennis
& Preston were the brokers.
The five story business and loft building. No.
572 Fifth ave, on a lot 25x1OO feet. also
sold last week for S35O.OOO. Henry A. Budd. of
the firm of Samuel Budd. dealer In mems fur
nishings at No. 1101 Broadway was the buyer;
Robert Lee Morrell. Josephine B. Peck and
Isabel de P. Kelly the sellers. and Tucker,
Speyers & Co. the brokers The property is
opposite the Windsor Arcade The store Is
leased TO the confectionery firm of Charles A
Dean. but it's lease expires next year.
About two months ago the Sterling Realty
Company signed contract to buy the property
free and clear. The seller could not deliver
title free and clear. as there mortgage OF
S60O00 at per cent. on the premises. which
the holder. it is said. refused 10 have cancelled
Pease & Gilman sold for III. G. Trevor to
Howard Conklin No. 157 East 10th st. four
story high stoop. brownstone dwelling house,
S6x10O feet. Also sold for Albert V. do GOicouria
to a client. for occupancy. No. IS West Doth ST..
a four story brownstone front dwelling house.
on lot 20x1OO feet. Pease & Gilman were also
brokers in the sale of No. 40 East 3Sth ST., for
Mrs. Mabel A. Downing. reported sold two weeks
ago.
F. E Malone leased the Cambridge Court
Hotel. in 10th St. near Broadway. for Hallihan
& Ahearn. owners of the property. to Harry r
Rand and John H. Trageser.
Daniel B. Freedman sold to client of Strong
& Cadwalader Nos. 1884, 1S6 and 100 William st.
and No. p Spruce St and No. 81 Frankfort St
The square foot area OF the combined parcels.
which are just south OF the Brooklyn Bridge, Is
10000 He took in part payment the southeast
corner of Goth st. and Lexington ave. two three
story buildings. 34SxS0 feet.
The Century Realty Company sold for cash
No % Pearl st. five story building at the
Roy Edgar was the broker.
The Colgate house sold In the week for
$3.50 0O0. 1t is four story English basement
dwelling house. No. 80 East 34th St, on a lot
IS .Sx9S.9 feet. The adjoining house, No. %,
was recently sold. Among the property owners
in this block are the Vanderbits, Astors and
V. F. Pelletreau & Co sold to a client for the
Bergen Realty Company the Bordeaux, six
story elevator apartment house at Riverside
Drive and 12Ith St II occupies plot sTx116
apartments rent for S15OO each
A. l. MordeCai & Co, sold for the Kips Realty
Company to a Mrs Stoddard No. 231 West 54th
st. a four story garage a lot 25xlO0 feet 40
joining the northwest corner of Broadway. This |
Is a speculative purchase
The McAGoO tunnel companies bought from
A. Morrison his holdings IN the block front in
Sixth ave, between 32d and 33d SITS, for about
81 100000. One of the parcels is Trainors Hotel
az the southwest corner OF ;id st. and Sixth ave
James l. Wells, the auctioneer and real estate |
broker. found last week ready and excellent !
market for his offering at the Real Estate Ex-
,hanSe Salesrooms, Nos II and 16 Vesey st
5. II Stone and David and Harry Iippman |
bought No. 449 Broadway, extending through 10 !
No. 2G Mercer st, for S134. 600, The Combined |
Real Estate Interests paid ST. $50 for Nos 1011 |
md lOl3 Park ave. Good prices were also paid |
Tor the Washington Heights parcels in the Of |
'ering.
NJ & l. Hess leased for Carrie NJ. Butler to |
Pegram & Meyer, importers of laces. the large /
store and basement in the building at the |
northeast corner OF 9Th ave. and 10Th ST. in !
Guiding Nos and I East 10th ST. 60x1e2 feet |
The lease Is for long term OF years at an ag- |
Sregate rental OF about $3.50 600
l. j. Phillips & Co. sold for Whitney Lyon |
No: 14I Riverside Drive southeast corner OF |
Slth 81, four story dwelling house on a lot /
-9XlOO rect. Mr Lyon recently made extensive /
alterations 10 the house and also erected a /
garage on the rear end Of the premises
h. j Moloughney will erect an eight story
,partment house on the plot. 15x100ll feet on |
he north, side OF 113th st. ITO fssS west os