New-York tribune., 1906-12-02

,ral Fifth sve section while operators and specu-
iators are busy in and near the Pennsylvania tuh-
mel section In the downtown business district
south of Chambers ST. trading last week was not at
Gil brisk but its volume sufficiently large to
attract considerable attention. Many owners OF
parcels in the downtown sections. especially IN that
section forming parf of the Cortlandt street tun-
mel zone fully avs Of the bright outlook ioi
vigorous II not an unusually large. demand Tor
property there by business concerns seeking sites
for modern buildings for their own use. about 'he
time the Cortlandt street tunnel will be In opera
tion and are therefore. preparing for that demand
by .enlarging their parcels. Few of these oeals
have been made public. only small number OF
them have been perfected. The completion OF one
of these transactions was announced last week py
the report OF the purchase Of parcel at the soul-
east corner Of Greenwich and Liberty sts by Ed
ward r. Robinson Mr.. Robinson is the owner OF
the Beard Building. adjoining the CORNER plot and
the two parcels combined make corner site COM
prisng about 000o square feet. Another impor-
tant deal In the Cortlandt ST. tunnel section last
week was the sale by Robert r. Rainey for the
estate OF Emily c. Watson OF No. 95 Barclay St.
i've story building. a lot 237x10o feet adjoining
Washington st
Two big deals IN the central Fifth ave- section
were reported in the week. One the sale by
Chambers WELLER of the Euclid Building. Nos.
be4, See and 56s Fifth ave. 62.5x100 feet. for c.
Grsyson Martin to II. S. Tavshanjian the rug i'm
porter for about 100000. The building is six
stories high and is leased a number Of persons
and Mr.. Martin bought the property
some months ago from a Mrs. Miller, of Poush-
keepsie. The premises are opposite the Windsor
Arcade. The other deal the leasing for twenty
one years annual rental of $4,000 Of the
eight story building No. asa Fifth ave. on a lot
26xlz5 feet The structure adjoins the Gorham
Building. ct the southwest corner OF 56th St and
Fifth It bull: by the Gorham Manu-
featuring Company about two years ago. Two
sales In the Pennsylvania tunnel section were No,
AIS Sixth four story building, with stores,
lot lssx75 feet, adjoining the southeast corner
St parcel was bought by the uA5tna Real Estate
and Loan Company. which bought in the previous
week Nos 1853 and 100 adjoining
4 marked Improvement In the mortgage loan
market noticeable in the week Brokers say
they able to get satisfactory loans quicker now
than for a long time. They think that the attitude
Of the Sage estate in lending many millions on
improved Manhattan real estate will have bene-
fetal effect the mortgage loan market
The Real Estate Record and Guide says in its
issue. article real estate situation.
in part as follows:
Thanksgiving in the real estate market was, on
IN thai s9 every nd OF e n {bs n Mas
bePP of tfsnsacons a i Al unusual number OF old
buildings In the Twenties were bought with the IN
Fifth ave. section contributed its quota 10 the
se19e though the centre Of trading has moved to
the west side OF Broadway, where there Is some
1t would be strange indeed II the activity which
mostly as coaned to the east side Of Broadway
should not extend to the vest Soc 1s as ne n,
the most popular shopping centres OF the city Not
way But the shS2Png tIaffG from the a West est
sh0Ie R4paa' 6G Bre e tons ali poar Via the I'D
St ferries ana the come ;ting surface lines into
which most q the trade the Jersey shore and
{e ltoQSga ] ITf .tS Sg Sgyaten Island roperty was
notoea6iy prominent in the business of the week,
Po rs ere the World % hear Of staten Island
0o the dWee as sigaaized the natural end Of the
outdoor oqdng season ana a 9 nc masonry on ony
by special dispensation of the weather. Thanks |
co6dton very favorable % Contractors SO fax
as most supplies are concerned An maes 1f hish
OF six of the largest companies manufacturing
will be wellngh able control the business. The
eg5elg9 pants IN existence Of are c q"ngG ng6duc
over two-thirds Of the whole American Portland
half. While there can be monopoly Of raw ma
befoTs the S oooStry that the concenraton Of IN
terests in the industry Will probably become moro
marked from year TO year.
Francis B. Robert sold last week for Edgar J.
Phel4n and other Persons to Daniel , B Freedman
6 an6 %e ES Sp sbos fe S8 1Ra p@ xo @
Nos $40 and sl2 Eighth The premises just
The Metropolitan Mercantile and Realty Com
Eighth .. ave- which It intends to alter into de-
paTtme9t store ana bank for Negroes; H1s po,
snGe Construction @ Company to Nos lIO and ~ West
a plot Sc 9xsSs feet The plot viii be improved
with a loft building
Lydia j. Jenkins was reported 70 have sold No.
<2S Seventh four story building, with stores.
q lot 192x7O feet. 1t is between 38d and Saith
william A. White & Sons sold for Julia E Shot
land to the Holworthy Chambers No 156 Madison
ave. five story dwelling house, 16.1x95 feet The
buyer owns the adjoining property and controls
plot f94xq5 feet at the northwest corner OF 32d
william Peters & Co. sold for William R Rose to
3. Busch Nos l395, 1911 and 1915 Hoe ave; also
family houses, each lot 25xloO feet.
Moos & Gumpert sold No IS Lafayette st. and
Nos. "a and e6 White ct, for Louis H. Moos r.
and office building will be erected on the site
John r. and Oscar L. Foley and William Crliik-
shank's Sons resold for James Head No. 40 to "a
6i6 feet. to Rogers Pyatt They will erect a
building for their own occupancy,
slawson & Hobbs sold for the Cabot Real Estate
the southwest corner of Ninth ave. and D02d St
J. W. Westerheld sold No. 478 Sixth ave, a four
story building. with stores lot 10 Sx5 feet ad-
Co the brokers.
HilIenbrand & Nassoft sold for Vito Cerabone the
No 626 to SEQ West Hath st. on plot 75xl0OI II feet
Also sold for Helen Wilson to Gertrude Hughes
Eenbrand the Villa Nova. a seven story elevator
L j Philips 6. Co. sold Nos. % and % West 47th
St for Whitney Lyon to Gustav and Hugo Blumen-
thai investment. The Messrs Blumenthal
plot with frontage OF 60 feet. The parcel ad-
Joins No 49, the home OF John MsstersOn Burke,
OF his fortune for the creation of the Winifred
Masterson Burke fund.
TO RAzE MANY DOWNTOWN LANDMARKS
The Dutch Reformed Church has leased 10 vari-
GUS persons and concerns many parcels fronting In
John Dutch and William Of the lessees
intend TO erect big buildings on their plots