New-York tribune., 1906-11-25

interest in the Felix Isman property at the south
east corner OF 42d and Fifth ave and the chang
Eng Of ownership OF several new apartment houses.
and also a number of fine dwelling houses, were
among the principal realty transactions reported
last week. There also several big leases OF
unusual interest to the persons identified with 'he
realty market made in the week. One was tHe
leasing of the dwelling house at the southeast cor
ner of 72d st. and Amsterdam ave. by the Import
Cigar Company for twenty years at total reh'a
of $4,000. That company is to use the premises
partly for business. In the week two corporations
leased floor each in the Broadway-C -Cortlandt Street
Building which IS being erected at s5O.OOO year
for ten years. On the same day as these leAseS
were made public Douglas Robinson. Charles ..
Brown & Co. reported that it had sold for Danlel
B. Freedman 70 a client No 20 West 3sth ST. d hNe
story store and apartment house. on lot ZoN9H'S
feet and that It had also sold for Mr. FreeoIlah
10 q client No. So4 Sixth ave-. four STORY s'oie
and tenement house, on a lot lS-Sx'o ieet,
Since this report OF the sale OF NO S'4 SlA'h
ave several well known real estate brokers nave
said that they expect liveer market for prop
erty in Sixth ave. between 34th ana 7Io SIS
this season than In some years. owing TO the de-
.nand OF many business concerns which cannot
afford q homo In the central Fifth section
TO get g site IN Sixth somewhere between
gsth and l2d When the tunnel plans Of the
Pennsylvania Railroad Company became known
several years ago OF operators and investors
Lost no time buying parcels in that tunnel zone
section, and that purchasing movement, which at
various times has been almost at standstill still
continues. Recently II gained new vigor by the
operations of Andrew F. Gilsey and William L.
Eutphin in SD Seventh ave. This
movement is apparently destined to become un-
urually attractive before the end Of the present
season because the builders usually follow the
spectators and operators. The section of Sixth
ave- between 84th ST. and 42i ST. may not be
tempting 10 specuiators the centre of the
Pennsylvania tunnel section. but it undoubtedly
has many charms for them. and especially to bust
meas concerns doing good retail trade. but which
are not yet financially strong enough 10 buy site
In the central Fifth shopping section. In
view Of these facts a big purchasing movement. or
at least attractive one. IN this part Of Sixth
this season would not be a surprise. 1t seems
tainty that the business houses which buy in that
part Of Sixth ave. this season will never have
70 regret having done So for sites be bought
there at reasonable prices. and the section OF the
avenue is destined to be a much important
business centre than it is to-day.
'The Real Estate Record and Guide" says in its
last Issue IN article the real estate situation
IN part follows:
Speculative and investment buying at the present
time continues 70 show great vitality on the mar
the streets and avenues south Of 59th st. which
VIII during the next few years. be taken in by the
tide Of business increase Spectators and investors
are gradually raising the level Of values. Sixth
destined to be stiI more important business thor
Ougfare, is receiving great deal Of attention. The
z2d ST. The side streets 10 the east and west
Of Fifth ave. continue 10 profit from the over;
district the streets to the west Of Broadway de-
Improve ae9ts.that Of the city Investing Company,
N 2T@Rot ST. [hat 0f fn me LGnne C2InPany, {n
and in Rector sts.-are under way and
this whole section vii be changed These business
developments along the lines plainly marked out by
the existing business expansion Of Manhattan will
keep large speculators busy for indefinite period
Whatever changes may take place during the
Ten o. nfteen years in the value Of residential M
property in Manhattan, there can be no doubt that
little by little the central ridge OF the island the
ible tide Of Industrial and commercial growth A
vii lie The business centre Tor a city which is in
creasing in population at the rate of not far from
10000 year. Every five years New York will
add more than a st. Louis TO her wealth and in
hahitants, and every years a city bigger than
Philadelphia With such volume Of business and
every centrally situated piece Of property in Man
lucrative business purposes.
The principal transaction of the week was the
purchase by Robert E Bowling for the City In
vestiag Company Of the Mercantile National Bank
property, Nos. lS9 and Isl Broadway. two old five
story buildings, occupying plot 46Xl007 feet, for
sl,1Goo00. provision Of the contract to purchase
eupulates that the buyer is to- get title prop
sixty days So IN two months Mr. Dowiing viii
hold title TO one of the best Broadway corners
that has changed hands in a long time. 1t is
understood that Mr.. Bowling will not improve the
70 a corporation which viii erect a modern office
}rIding on It. The Mercantile National Bank oc-
Union Telegraph Company Building No i95
Broadway The bank owned No. 19l Broadway
FOR ebout fifty years 1t bought No. 1S9 Broadway
John n. Golding sold last week for Charles
Srendon No. Is East 6Stn street. four story and
@ % e T9n5 pa4ce qTssg is s fegse feet es9 9p "a
bth ave The IIrchase price was apout $4,000
+, a Curry sold for Henry Cfoldwater Jacob
{aeper, e five story apartment house a plot
q 28xlls2 feet at the northwest of 118th st
end 81 Nicholas ave; The building has five stores
Andrew Carnegie bought at foreclosure sale last
week Nos. . and q East 91st St, a plot
for Ss5 ooo He was the plaintiff in the foreclosure
William Waldorf Astor enlarged a plot by the
purchase Of No. 485 Broadway. southeast corner of
groorne st: through Charles H. Easton & Co. The
the parcel is 2xs94 feet Mr.. Astor owns an adion-
ing building.
Horace S. Ely G. Co. sold for Grace p. Fairfax to
Sabriski Samuels Nos. 216 and 2lelh Rowerv two
three story buildings, each lot 2xIOO feet Tbe
buyers viii the property their own business
Lowenstein. Papae & Co. sold for the Crescent
Mercantile and Realty Company to an investor the
Lafayette Court. Nos 25l 23 and 255 West l29th St
near 7th ave, six story elevator apartment house
On plot 76xe9-u feet. Samuel Shickler represented
the sellers.
william Crufkshank's Sons sold 10 a client for
Edgar J, PhlniPs and other persons as trustees
end Pierre Loriilard Ronalds Nos 1Ol and 103
Maiden Lane and No. 203 Pearl ST. three four story
buildings surrounding the north corner of Maiden
Lane and Pearl st.
& Sons and Romaine Q. Nichols & Co to Robert
Connor No. 133 Maiden Lane northwest corner oS
water ST. four story building, lot % 9x42 tx
Irregular.
QUICK RESALE OF a4TH ST. PLOT.
W. Clarence Martin has sold Nos 15s and 7eo
West fsth Daniel A T,orIpp preei5ar+ 30 49,