New-York tribune., 1906-11-11
REALTY INVESTORS ACTIVE.
THEIR PURCHASES LAST WEEK INCLUDED SOa
OF THE CHOICEST MANHATTAN PARCELS.
Trading in Wall Street and Fifth AUenue Property Featr-Q
Market Found for a Number Of Nsg apartment Houses

Property valued at many hundred thousand dol
lars changed hands last week. II unquestton-
ably the most active and therefore the most inter-
ssting week of the season. For some months prior
TO November the market was extraordinarily quiet
Occasionally there were signs OF brisk realty days
in the future. These signs greater
volume of business than had been transacted In
some weeks. Then the number OF realty trans
actions would become less until the market was
about as attractive to prospective buyers as II is
in a July week, when most OF the Leading op-
orators and investors enjoying long vaca-
ton many miles away from the city. In the week
before Election Day the market was uninvitins.
and the few large deals reported attracted wide
spread attention. On account OF Election Day IL
was thought that last week. too, would DO dull
Instead it was the brightest and best week OF the
present season. A glance at the list of property
traded IN reveals this fact
Investors were everywhsrs prominent In the
trading of the week II investor that
bought the Orient a new twelve story office build
ing on a plot 72x617x irregular, al the southeast
corner of Wall and Pearl sts.. through Douglas
Robinson. Charles s. Brown & Co, from W. X
Aston for about S9OO OO0 Another investor was the
buyer OF the New Amsterdam. six story apart
rnent house. on plot 1OOx1272 feet. at the north
east corner Of 10th st. and Amsterdam ave. sold
bv Voorhees, & Floyd for the Whitehall Realty
Company, for 100000. And In the Wall st-bIth-
ave deal Charles A. Gould sold his Wall St plot
being the premises Nos. 81 and s6. with frontage
of DOS feet and a depth OF 100 feet. T. P. Hold
ridge was the broker. Mr. Gould bought the NJ
teen story and basement hreproof loft building az
the northwest corner OF 18th St and 5th ave. sOx
115 feet, as an investment. The Fifth ave. parcel
is valued at s1.5O000o
Some leading operators. too. were active IN tho
week as buyers. but most OF the big operators are
seeking a market for their vast holdings. and not
until they have sold their parcels will they Dc
prominent again as buyers Moreover many oullu-
ers Of hathOuses inactive. for the simple tea
IN Harb
thing points TO busy season for big and little m
vestors. and such a season would mean brisk trad
ing I'm choice improved residential and business
property.
.arhe Real Estate Record and Guide says In its
last issue in an article the real estate situauon
IN part as follows;
Though this has been short and & broken week
I'm the real estate market. 1t has not oeeh WlsnUut
features Of prominence and very gooe Ms, IISl
private sales And speaking gsneFb neebseEvabs this
week very decided improvement In the tone OK o5
being brighter than g was some weeks ago Of
and Of the money SITUATION & aS o sfbstansIag that
DAYS for real estate interests on account Oh tnS me
general elections The sales Headeq ,s,5Dss aahUss
notable 5th ave. transaction and number 19e OF
WEcb GTfnS GaFtsr Certain Tide OF business seems
be drifting over from the choice population OF the
that the northern limit OF East Side residence
frToVp
at about 95th St. beyond which there seems 70 oe
a determination not to go not alone because OF
Of the poor transit facilities No part Of the city
is meanly served by the rapid transit COM
lions Regarding the money situation remarks by
some OF the most influential men or finance indi-
iacFing IS hcreafter to be shown for real estate
interests Certainly one effect OK the publication
Will be to call the attention of certain large lending
institutions TO the high importance Of this matter
from the point OF public welfare. with the ap-
proach OF winter. building operations especially
new undertakings. are taperins Off, and, IN con-
sequence. trade in certain lines OF building ma
leading commodities as cement brick and lumber
Cement quotations RdEe TfSehy 3Iss dTf anu Ia
low level, 10 indicate the general tendency OF
things in the building world upon the approach OF
most unprecedented activity.
one of TIE principal transactions Of the week
WAS the sale by the Williamsburg City Fire In
surance Company OF the modern eight story fire.
proof building at the northeast corner Of Liberty
ST and Broadway. for s75OGOO 20 a client OF Willis
Bonner The premises have a frontage of 25.3 feet
In Broadway and n03 feet In Liberty st. Tho
seller bought the property at partition sale IN
June 1Ss2 for $256O0o
Leopold Well sold for ]. Henry Hammond to A.
c Brown a plot 100xl5O feet at the southeast cor
ner OF 10Th and 5th The property
held AZ Szr0OOo. The purchase price consider
ahlv less Than that sum.
King G. iiette OF Boston. sold Nos i5s and
1se West 3ith St. four story tenement houses
ON 4 plot with frontage of AS feet The easterIy
dimension is sss feet and tie westerly lines only
% feet The seller bough. the property last Feb
ruary.
Pease Gilman sold for Mrs. Robert III. Nc
Curdy No 40 East 52d street. five story
American basement dwelling house. 25xloO feet
The buyer will occupy K.
George r. Read s CO. sold fOr Henry q. o,Sxis.