New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-01

A remarkably large volume of business was
transacted in the real estate market in the year
In fact it a most prosperous year for me
vast army of big and little spectators. investors
builders and real estate brokers. From the hrst
workday of the year until the last workday there
was quick market for all types of improved
property and for great of vacant land. Ow-
ing the vigor OF the market. which reached
new high record for strength 1t is likely that no
two persons will be found who will agree on the
subject as to what has been the most pleasing
feature. OF. in other words, the most noteworthy
task accomplished in real estate market in the
wear.
0f course no one imagines for one instant that
the majority of operators and builders map out
plan of operation each day each month except II
IS formed on lines offering them the safest returns
from their investments, It is not a question as 10
how much benefit will the city receive from the
realty movements, but how great Will be the mar
vest of dollars the projectors OF the movements
For example, take the old law tenement houses
Large numbers Of them were hastily erected mere
shells of buildings. II Hundreds OF others
though strongly constructed. were not built with
the object in view of giving good sanitary housing
conditions TO those who TO live there. but
with the sole aim IN view of packing lot Of human
beings into small dark and i'll ventilated rooms.
And the larger the number of families under the
roof the greater the prospect for obtaining dazzling
returns in rentals II takes years to remedy these
evils. for evils they surely are.
taken toward the goal Of perfect tenement housing
conditions in this city. when the new building
code became Law. Most of the tenement houses
which have been erected since then far
peror TO the old style house In the last year
conditions were favorable 10 the reconstruction of
hundreds of old law tenement houses There was
Just as much profit in improving old tenement
houses in building new tenement structures.
The workingman has had to pay, or viii have to
pay. for these improvements bv paying higher rem
tails
Nevertheless. he has gained much by the improve
ments. And the whole city has also been consider
ably benefited. L was the increased cost of con
structon that made the old type OF tenement house
attractive to the Spectator and to the builder.
Nothing at all philanchropic about the matter; sim
Ply business proposition from the point of view
Realty statistics furnish an idea of the vgor Of
the market throughout the year. The number of
year was 1850 as against PISS IN ia4 a little
more tan S5Ssgo"o was lent on b2nd la and mort
And IN the building lire many new records Were
One of the principal deals last week was the sale
BY Dennis & Preston. for Amos F Emo. Of plot
corner Of 6lst-st. ard Broadway, and extending to
f ST. The plot Is 9 fet east Ct 0 a I'd
superb location this IS OF the finest unimproved
block north Of the Coiumbus Circle station # the
subway. Opposite it is the site chosen for The pro-
posed National Theatre. TO he under the manage
Inent Of Heinrich Eonried. The buyer Of the Emo
DourlSs Robinson Charles s Brown & Co. sold
No 5 Cedar-st. for Daniel 3. Freedman, to Samuel
II. OrGway The property is FIVE and one-hai1
story business structure. 202XTS2 feet.
Henry D. Winans 6 May sold No % West dst-
e5x9y feet extending to S2d-st.. for Peter Doe
The same firm also sold the northwest corner Of
5th-aYa and 1a9tl-sJ., of the King model houses
on a lot 2exS0 feet. for J. H. Bradford and r :.
5timSon.
Sonnabend & .Croner and Jacob Rosenbaum 500
for the Powell Slender Realty Company NO. l5I5
10 f.521 2d-ave comprising The block front on the
west side of that rhoroughfare. between 18TH fld
S9th SIS There are ten fathOuses on the plot
which has frontage of 204.4 feet n the avenue
S2.6 feet in 79til-st. and ST.1 feet in Sth-sL