New-York tribune., 1906-06-03

N" history OF the Manhattan real estate NndTkSI
Is now well under way. Owing to favorable realty
conditions, it looks if. this movement will have
extraordinary vigor for many months and then the
present buyers will begin the work of either inn
proving their holdings seeking fair profit from
their investment One OF the most pleasing feat
ures Of the movement is that the little buyer and
investor is most prominent and so IS the num-
Der of such purchases that the man who frequently
buys block front OF lots is having hard time in
making his presence felt This is the first real es-
tate venture for many small buyers and they are
entering the realty market at time when larger
sums of money at low rates Of interest may be had
in carrying out vacant land deals than for long
time.
Another feature of the movement which must
the realty operators who delight IN seeing the
little buyer busy at a most favorable time is that
the small purchaser is Identifying himself with TINS
movement not at its waning point but as It IS
putting power and life
Some experts may call this movement continua-
ton OF the unusual volume of deals in vacant LAND
which was noticeable some months before the open
ing Of the subway and which remained feature OF
the market until last fall Those big budgets OF
sales Of lots in the upper part of Manhattan iSiiu
and in The Bronx principally due TO the I'M
proved rapid transit facilities resulting from the
subway. The present movement is based on the
certainty of greater transit facilities in the near
future by the operation Of electric trains on the
Hudson River and Harlem branches Of the New
York Central Railroad and by making the Harlem
branch OF the New York New Haven Hartford
Railroad from Willis and 1850 St to Ne"
Rochelle six track line. -Four Of the SIX tracks
will he electrified with the third rail system ana
two will he used by steam trains. plan is also
being considered by the New York New Haven d
Hartford Railroad for building a branch road from
West Farms along the Bronx Valley to the SOUTH
ern part of Mount Vernon. II is also proposed TO
make a connection with the Interborough system at
West Farms and il is the plan eventually to give
a through service from the Battery to New
Rochelle and Mount Vernon. The New York d
Port Chester Railroad plans are another big facor
in the movement The road will extend from the
most southe-ly section Of The Bronx 10 Port Ches
ter. A spur os the road will also be built between
Mount Vernon and White Plains
Last week little buyers were unusually active IN
purchasing lots. They were present in large num-
ers at successful auction sale Of ls0 lots OF e
Dickinson estate tract in The Bronx, held at Ihe
Real Estate saiesrooms Nos. II and l6 Vesey St
by John L. Parish. of Parish, Fisher & 60. For
the 1875 lots Mr.. Parish got Sf70N the prices
ranged from $500 to 81 $50. George W. bard also
held successful auction sale Of Wakefield lots at
the Bronx Salesroons He obtained for i5z lots
s7rea A large crowd of little buyers was also
present yesterday at the auction sale OF he 81.
Joseph's orphan Asylum tract, in Town DOCK hoad
and Pelham Bay H. c. Mapes, OF H. e Mapes q
Co was the auctioneer. Fair prices were OBTAINED
shorefront lots sold from 500 TO 1890 each Tho
sale took Mace on the premises. After the shore
front and some other lots had been sold the SAFE
was adjourned as It looked as If It would ram
are the choicest OF the tract, and will be offered in
the near future.
Tomorrow the remaining 17i lots OF the lcAln-
son property, at jerome ave. and Gun HlIl Roao'
Will be offered at auction in the Vesey ST sues
room bv John L. Parish, OF Parish, Fisher q Co
The Iots sold last Tuesday are in what IS gen.
orally regarded the less desirable part OF the
property-that lying east of Jerome ave. The Of
fering on Monday will include the lots west of
Jerome ave in the triangular area bounded by
choJ7r Dor p nd
OF the IA lots IS are in Jerome % in Moshou
Parkway 81 in Van Cortlandt Park South, 81 in
Knox Place and q in Gates Place.
One Of the principal transactions last week was
the sale Of Georgian Court, a apartment house,
at the south corner of Goth ST. and Central Park
West by Daily & Carlson the builders, through NJ.
Kayser 10 Robert ". Taller. The buyer gave in
part payment plot Of four lots on the west side
Of Park 81 feet south of S9th St. and several
out Of town parcels. The value of the property in
the deal is said TO be about $1,250OO0. The apart
ment house fronts 100 feet in Central Park West
ana 125 feet in Goth st.
The Ruland & Whiting Company sold for Joseph
I. r Wood TO George J. Gillespie the premises
Nos 115 and III Nassau ST., extending through to
Theatre Alley. six story MAJ marble front bull building Ing
at $355. Goo This is the first time it has changed
LfoR8S SSere4 ws SOD So :2F 81 WsSk Being feet
95 t OF on FnRka dt 2oo g. fee for about o
Horace s. Ely Co. and voorhees, & Floyd sold
E Is GSd oa lot % Ss fee{ '0nn ST. i0uF story
A CijIthman & Co bought from J. NJ. Horton two
seven story elevator apartment houses. occupying
the block front the east side of Amsterdam ave,
between 1zoth and fist sts. The southerly house
has a frontage Of 100 feet in he avenue and 40
feet in the Te o Sfhsr s0s tar is 1x TsaS fS
No Sa to SS5 Fourth ave, four and five story
together with the adjoining story buildings,
Nos lo4 and 1o6 East Hth ST The combined parcels
feet in the street @ W with t an bdc Il at the rear extending
- siaVyson & Hobbs sold for the Fort Amsterdam
Realty Company to Lotion n SIawson No. 25l west
9tl so So Sid for client the four and onehaf story
American basement dwelling house No III West
&C Code & Cohen bought from the trustees of
in stanton St by 200 feet in both Mangin and Tomp
kins Also purchased from the university the
G cry bonas w1s Eckford whose descendant Mrs Mary
Brown. of Princeton bequeatled it. together with
other property, TO the university. The broker was
John N Goding sold fer George 4 IL PeRnim9n 3n 1I to
George Nicholas No ID 5S t 5th Aye feet nve story 0uS
J. Clarence Davies sold for the United Real @ G Es-
teen lots fronting 18th and extending 70 Ire
mont ave plot 1o0xo0 feet at the northeast cor
,3er oe 17qth st Morris and parcel l0JXl00
feet al the southeast corner Of lsth ST and Morris
Moses l. FsIk bought through George Costar &
Co a plot 242x1l3 feet on the vest side OF Washng-
buyer viii ereet on the prsm&sss & fifteen @ oI two family
the south side Of 10th St. Cos feet east of Avenue B.
Randolph Guggenhener sold the Howell, seven
story ea sor ' Fzg6bon 70 6S Was the
broker The purchase price was about $50 goo
ToD Ths GhaTsS Il syy to a3 story build
ing No 81 Pearl st, covering lot @lxo9xl6 COX & feet
- eent the plot of three lots the northeast
corner lsOth st and St NlcnolaS aye me ne same F
itn al The northeast corner OF 1S4th St and St
Nicholas for the Strong estate 10 MOTIFS 0i-
mpns Passe E. Gilman sold for C. Grayson Martin No
efOF N