New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-25


movement In high class business and residential
property has attracted widespread attention
Not only has IT existed much longer than was
expected by some people who are identineo win
the real estate market and who are always LOOK
ing for a sudden slump in realty values put us
strength, increasing every week. and its auur-
ing features have propably pleased the majority
Of persons active in the market to a greater de-
gree than any similar movement Since the
movement became noticeable for its increasing
vigor property valued at millions has chanseo
hands and many parcels long ready for improve
ment have been undermined. and. moreover
plans have been perfected for adding many mora
imposing skyscrapers TO the big number OF such
buildings on Manhattan Island
On the site of the old Boreel Building, No. 10
Broadway, is being built a structure whlch VIII
in height, design and construction be similar 10
the Trinity Building. Then. on the block front
on the south side of Cortlandt-st.. from Broad
way to Church-st. the City Investing Company
intends TO erect a modern Office building. Di-
rectly opposite this site is TO be built the Singer
skyscraper, which will be the highest building
in this country. On the two block fronts on the
west side OF Church-st., from Fulton 70 Cort-
landt-st the Hudson Companies is building
terminal station for the Cortlandt-st- tunnel
Near the site of the Cortlandt-st. tunnel ter
rninaI the West Street Improvement Company
is going to erect a twenty-three story once
building which will be- with tower twenty
eight stories high. It will cover the premises
Nos 1856 and 40 Cedar-st.. Nos. 81 and 70 AL
bany-st. and No 81 10 90 West-st. The size of
its plot to be improved is 1888 102s by 1o21 feet.
The cost of the structure will be about S2.OOO.-
600 1t will be built from plans drawn by Cass
Gilbert. At Rector-st and Trinity Place the
United States Express Company is erecting
twenty-five story building for its own use. and
in lower Broadway the Adams Express Company
is 10 build a twenty story office building. Many
other tall office buildings TO occupy downtown
plots have been planned and will be built this
year
Last year the total estimated cost of buildings
for which plans were fled IN the year was S162'-
SO1. 100. which was 100000 greater than the
largest previous sum spent in a year for Man
haitian and The Bronx construction work Since
January I 10 date plans have been filed in Man
haitian and The Bronx for buildings TO cost
about S23 100000 against plans filed in the
corresponding period last year for structures to
cost about $4,000 00 Here is increase OF
about $4,500000 in the cost of construction work
each month over that of last year. in which, as
previously said many millions more were spent
for buildings on Manhattan Island and in The
Bronx than in any other year In the history OF
the city. If the present rate Of increase IS main
struction work IN Manhattan and The Bronx
Cor The year will exceed S2OO.O0O.000.
The present great purchasing movement on
Manhattan Island resulted last week in the sale
of the old Broadway Tabernacle property at the
northeast corner of 34th-st. and Broadway for
81. 100000 10 W. r. n. Martin, Of Rogers. Peet &
Co; in one 100000 deal in 125th-st, in one
100000 transaction in 5th-ave. and in the leas-
ing of building near the Waldorf at rental
CoO 900 M
Read & Co were the brokers in the old Broad
way Tabernacle deal. and the Roxton Realty
Company benjamin Altman the seller.
Augustus D. Juliard bought last week from
the Daniel c. Kingsland estate through Douglas
Robinson, Charles s. Brown & Co. No. 116 9Th
ave. a four story dwelling house on a plot
46x14O feet at the southwest corner of 17th-st.
for about 100000 Mr.. Juilliard now owns a
plot 92x175 feet at this point. 1t is said that an
office and loft building will be erected on the
site
The Hudson Realty Company sold to Wendolin
J. Nauss. Of the firm of Nauss Brothers Com
pany. the property at the northwest corner Of
125th-st. and 7th-ave being plot comprising
five city lots. It has a frontage of 125 feet in
125th-st and 100 feet in 7th-ave. There is a
three story and basement building occupied by
the Riverside Cafe and five other stores, on the
site. The asking price for the property
100000 The seller received near that figure.
The total of the plot is 1880 square feet.
and the selling price is. therefore. about $40 a
square foot.
The Arm of ]. B. KetchaIn sold for Robert J.
McClenahan No. SO West 125th-st-, a four story
building on lot 20x9911 feet.
Andrew ]. Connick and Charles Z. Johnson
sold to Hiram Kicker & Sons the five story iron
and brick building. No. !. $50 Broadway adjoin-
ing the northeast corner of 2Sth-st. Messrs.
Kicker, after extensive alterations TO the prem
ises. will occupy the building their New-Yorll
headquarters. It is understood that other con-
Germs are negotiating for the remaining unsold
holdings there of Messrs. COnnick and Johnson
which comprise Nos. LISP and 1,1S4 Broadway
adjoining the parcel sold 10 the Rickers.
Leopold Well sold No 81 Broadway, a five
Story and loft building, 20 by 80 feet, extending
10 Franklin Alley, for the Lawyers Mortgage
Company 10 c. c. Peck The purchase price was
less than 100000
Seth Sprague Terry sold No 1873 Liberty-st.
a four story business building 25.6x15x
irregular, "a. 8 feet east of Washington-st Doug
las Robinson, Charles 5. Brown IL Co were the
brokers
Robert E. Mcdonnell bought a plot. 53xS5 3x
irregular, at the north corner Of Riverside Drive
and 119th-st., and also the adjoining plot 81 Sx
III. 9x50x9S9 feet Slawson & Hobbs were the
brokers
Charles H. Easton & Co sold for r. Hall
Mccormick the old Work property the north
west corner Of Sth-st. and 5th-ave. a four story
dwelling house, The plot has a frontage of $50
feet in 5th-ave. and 100 feet in Sth-st.
Graf to Rudolph Gross Nos 145 and IA West
2Sth-st-, two stables, altered for business use.
on plot AZ 9x9S feet
Horace S Ely & Co. sold for Elias ] Rer-
rick and other persons plot at the north corner
of Coentes Slip and South-st- with a frontage
Of 80 feet in Coeuties Slip. to the Church Mis-
it's name 10 Seamen's Church Institute The /
buyer will erect ten story building the site /
Robert a Murray No 30 West 23d-st, a three /
story dwelling house, on a lot 20x9S9 feet 1t