New-York tribune., 1906-08-19
PLAYHOUSE TRADING FEATURE|
ONLY THREE BIG DEALS AFFECTING MANHATTAN
P4RCELS MADE LIST WEEK.
Money Pleasing Operators and Builders Coz
structOn York Far BeIoo 1905 Record


The real estate market last week dull- Trad
ins was chiefly in modern iathouses and apartment
houses. Only three large deals, namely. broao
81. sale and Fifth ave- lease and purchase, were
reported Builders and operators say Larger
volume Of realty business would undoubtedly be
transacted if they were able get more satisfac-
tory loans 20 further their building projects
Regarding real estate conditions "The Real Estate
Record ana Guide says in part in its last ISSUE
follows:
The extraordinary thing about the existing ac-
tivty Of real estate in Manhattan is that II holas
its well under such disadvantageo1Ls con con
OF the utmost importance. For one thing. renting
CONDITIONS are no, at m 50 good as neg eSpens Sne t
81 these districts harder 10 sell. ana ial com
EIeE M & ae t % 3'ot6r+Inee is the condition OF
she money market which makes difficult to Obtain obtain
building loans and which is holding up many oI@
ing enterprises. The plans fed for new euloinss a
20 be erected in Manhattan and Inc f5ron % bo',f
half as much money the plans iied during july;
- S2-ha+ ,S5fer does NOT yarv materially from
the number recorded during the corresponding
Corded in 1905 broke all previous records by large
Iio in the real estate business has as YET oeSo %
very serious is much more Serious ~ aiS ,S ,be
Ran St IS in Manhattan, and as for Broohiyn'@ @ aaT
current actylty IS even gIe4Le tn8ii II re irst
week IN August twice as many conveyances OF
haitian and Bronx property combined Il IS also
70 be remarked that owing TO the sudden dlmiIlh. M
tion OF building in Manhattan and The Bronx, me
total figures are beginning to run behind those 81
corded during t6e arst seven months Of 1906 stiil
cali for an expenditure OF s5.OO0O0J more than the
Bronx shows dlmnution Of about 100000 for the
same period $50 that me balance IS now m befpe re-
the end OF the year. for there VIII during the rest
Of the year undoubtedly be lull in tenement house
building. In the mean time the fall renting season
has been begun. and upon its results will depend tne
been no year in which it was difficult predict
sust where speculative activity would be cOncen-
however.
OF the proposed rapid transit extensions: -,
purchase by the Broad Exchange Company. owner
q ihe Broad- E1cnaagS bangs - ae; Fe IRON cforv bIiiding
Cor S25000. II bought the parcel TO have perrna-
tween the Broad-fsxchanee building and the street
BENJAMIN Altman leased the first fioor ana oase-
west corner of S6th 81. and 5th ave for ten years
rental OF about $4,000 year. The Bankers Trust
Company was said to be the lessee. John \; Gold
ing and George r. Read & Co were the brokers in
ave. II has frontage of 5S.s feet in the avenue
and 147 feet in the street. The corner building was
2 dwelling house formerly occupied by Henry O.
Payson Mel. Merrill sold No IS East saith st.
client. who will remodel the building for his own
The Mcvickar. Gaillard Realty Company leased
for Erick Parmly to f. kunke the four story ana
25x9s9 feet. The lease is for term of twenty-one
years at an aggTegate rental Of over 1 soooo AIteF
for business purposes r-,
x.
Carstens Steffens No . West goth St, FOUR story
dwelling house, 25x92 feet, between 9Th and 6th
aVes. also sold 20 the purchaser the adjoining
property No . West goth St. five story apart
ment house. for the F1atiron Realty Company
making plot 50xe2 feet.
Horace s. Ely e. Co. and William CruIkshank'e
Sons sold for the Kane estate the block front on
the north side of King ST. between Greenwich and
Washington sts, two two story brick buildings on
plot 146x25 feet. Woodbury. G. LangdOn, owner OF
adjoining property. was the buyer.
John N Cioldng sold for Frederick Lewisohn the
four story high stoop. modern dwelling house. No
1858 Fifth ava. 19Xl122 feet to client. This house
IS between ssth and s7th sts.. and has been thor
oughy rebuilt. The price paid was about Sl25GoO-
Herbert a. Sherman leased for the Mutual Life
Insurance Company the Carnegie Trust Com
pany. for short Term. from October next the first
the Title Guarantee nd Trust Cmpany.
y. & W Mullins sold for the estate of John
Strong Israel Block No. SO to ~ Rutgers st and
Mes. 12l. l23 and l25 Monroe being the north
east corner OF Rutgers and Monroe SITS. fve five
story brick and four story frame tenement
houses The plot comprises about 1900 square feet
This property has been owned by the Strong estate
for over forty years.
Henry Strasbourger bought three six story
Tathouses in 129th st. between Brook and St
Johns Each house is plot 37.SxlO0 feet
The William RosenZ weig Realty Operating Conn
mer No. l07 10 ll3 West is3d two six-story
apartment houses, plot S3sXSS.ll feet. Max H.
Raubitscheck the broker.
Plans fled in the week for eleven story
brick loft structure with stores TO be built on a
ul1t 4sxls76 feet on he north side of S4th street
& Co Buchanan & Fox are the architects. The
building is cost S350.0sl The drygoods house re-
Gently announced that it intended TO erect such a
building in West 34th ST.