New-York tribune., 1906-07-22

IIle NerpIanck Estate, an organization formed by
several capitalists identified with the Van Norden
Trust Company, which recently purchased No. g
West 5th street and is under contract TO purchase
NO Is West 35th street, closed yesterday. through
its brokers, Whitehouse & Porter, a lease Of both
OF these properties to Revillon Freres. who own
the adjoining property. with eleven story build
ing thereon. for a term OF twenty-one years. with
the privilege Of renewal for twenty-one years
additional, at $4,000 year net
This plot is 40xssS feet On per cent basis this
rental places valuation Of $4,000 the parcel.
or about S250.0O0 lot. which Is a record for this
section Of the city. Revillon Freres will make ex-
tensive alterations to the two buildings ana will
occupy the ground floors themselves.
Although 1t was TO be expected that last week
would prove to be a dull one in the real estate
market. 1t reached a lower ebb than even the most
pesstmistic brokers thought possible. AS matter
of fact, the market almost stagnant. For
many weeks it has been steadily contracting until
1t has now about reached the point. The daily
private sales have grown smaller and smaller in
number and feature
In accounting for this lack of activity many ar
guments have been set forth One of these that
seems to have the most support. is that dulness
Is drect result OF the heavy spring speculation.
Prices, it is also argued scared abnormally high
because OF the many projected rapid transit
schemes. This affected property not only in Man
haitian, but in The Bronx in sections Of Queens
Others argue that it is only natural midsummer
lack Of speculation. Many brokers believe the
mer. They say. however, that when prices settle
down to normal the market will brighten up again.
By the flng OF plans last week by speculative
builders for two residences to be built at Nos
lOl4 and 105 Fifth avenue TO cost $ an interest
ing problem confronts prospective purchasers in
Fifth avenue There has been an increasing de-
mand for residences in the avenue recently, and
builders are now preparing to meet this condition
by erecting residences at smaller cost than thev
could De built by private individuals. The result
has been the Strengthening of the speculative mar
ket into OF the most lucrative branches Of the
realty business
The auction market especially featureIess
last week Nothing OF great interest transpre6
Out OF twelve parcels offered on Wednesday bv
Joseph P. Day, only two were sold. Ten sales ara
scheduled for this week, and Mr. Day will sct
as auctioneer in all OF them. Among the most i'm
portant offerings are seven acres Of land on Wards
Island Next Saturday he will offer 14S lots at
Edgemere. lying between the Atlantic Ocean and
Jamaica Bay.
Plans were filed in The Bronx during the months
OF April, May and June for 6S7 buildings OF this
number 2S7 were frame dwelling houses and 157
brick hathouseS The loss in the number OF fat
houses. as compared with the corresponding period
a year ago, amounted to seventy-six The total
cost Of the buildings for which plans were filed is
$S.21oo0 less than the record made by the similar
quarter Of the previous year
The Rickert- -Finlay Realty Company reports that
the sale OF lots in Broadway, Flushing has been
particularly active. AS a rule they brought good
prices.
Plans for buildings cost $4Oa624 have been fled
with the Bureau Of Buildings Of the Borough Of
Queens within the last few days. The list includes
many tenement and apartment houses The two
family house is growing in favor in Queens A
number Of that class have been erected in Flush
ing and other residential sections OF the borough
The Ridgewood section Of Newtown which has
felt materially the benefits Of the Williamsburg
Bridge is building up rapidly with entire blocks of
tenement and apartment houses.
S. B. Goodale & Son sold to Andrew J. Krvin
6sS fest Between @ S and West efs axe M sF The p2 Ppt
chaser. who has recently built and sold a 52-foot
the erection May T. 1907 Of an eleven story Ioft
Isaac Untermyer sold No 1S East s2d St. a four
story dwelling house on lot 20'lOOS feet. to JUS
Pease & Elliman sold for Mrs John H Hanan
No, 146 Riverside Drive. a four story dwelling
Robert 1. Lee sold No. 12 West 18th St. a four
house. on lot 16 sx991 feet
TO G G; Peck No. S72 Broadway, FIVE story and
loft building situated on the cast side of Broad
& through to cortlandt Alley. on plot 25xls02 feet
L. Tannenbaum. Strauss & Co leased for H S.
Ely & Co the entire building NO. 4SS 4S2 Broad
Iay me northeast corner OF Broome ST.. to NJ II.
There was more trading last week in fathouses
than IN any other form of reality. The trading was
confined principally to Harlem houses although
several sales in downtown sections were recorded
Among the principal deals the sale OF nine fve
story double houses on the east side OF St Mich
oIas ave, between 1lSth and u9th sts., known as
the Garden Flats. They occupy a plot fronting
.! feet IN the avenue. 1S5 feet in 11Sth St and
go feet in 18th St. and were bought week ago
from Hannah Gutenberg.
Payson Mel Merrill sold for the different owners
no. l!sZ 10 1l9S Park ave. known the Pierrepont
mats being the southwest corner OF s4th st. plot
with frontage OF 1908 feet in the avenue and a
depth Of 80 feet in the street. The purchase win
make extensive improvements to the property and
hold Il as investment
Ella S. West sold No 60a West ll5th St. a seven
stoI apartment house, plot 5Oxl00ll feet 5 feet
west of Broadway
. David Lang sold for Schebel & Toch Nos ss and
- LsnoX ave. two hve story iathouses. plot
3&lVO feet adjoining the southeast corner Of ll5h
81, 10 A a. ]. Sheinberg
isaac A. Benqutt bought from Charles H Potter
the southeast corner Of Sd ave. and sSth st. five
story hathouse. on lot 25 1lx839 feet
John h Loscarn sold 10 the Realty Federation
or New YORK a hve story triple hathOuse, No. 43S
West i6Sd st. on lot 25xll2 feet for l. Schlesinger
Charles B. Gunh sold TO George Hoffman No
1922 feet. "a
A. Kosher bought No 1853 to 1857 Lexington ave
three l, nVe story nataouses. on plot 50X70 feet
Parish, Fisher q Co. sold 20 a client OF Voorhees,
q tIoya no: y west sth 81. $50 feet west Of 5th
ment purposes. plot 25 lx93l feet
A. p kapv, in conjunction with Loskin & Hore-