New-York tribune., 1906-06-10

Since January ! TO Date the estimated cost OF
buildings projected for Manhattan Island IS a little
more than go as against sl Os4 $50 for the
corresponding period OF last year. In other words
about sl5co0,O0O more than the sum of the entire
cost OF the buildings planned from January to
July 10 last year has already been set aside this
wear for building construction Building activity in
Manhattan Will undoubtedly continue widespread
throughout the year Il present realty signs are
true harbingers OF future conditions It now seems
q certainty that The Manhattan building operations
OF the present year will eclipse the best previous
record for such construction work. In the central
9Th avenue section. the high class shopping and
hotel district Of the city many large buildings.
each representing an investment of many hundred
thousand dollars, being or will be erected in
the near future. One OF the latest 5th avenue
building projects is the Silo Building 10 cover a
plot 5000 square feet at the northwest cor
ner Of 45th ST. and 5th ave. and including Nos. l
snd West 18th ST.
Ground for the structure was broken last week
The building viii be ready for occupancy next
February. II Will be six story and basement
structure, and it is being erected for Adelaide s
Browning a owner and James P. Sro as lessee
Brooke q Georger were the brokers in the deal.
TIE lease obtained by Mr.. Silo is for twenty-one
years at a rental for the term of about 81 200 600
When the building is ready for Mr.. Sile will
move the Fifth Avenue Art Galleries from 35th ST
and 9th 10 the premises and occupy the entire
ground hoor. The upper floors will be divided into
lofts Offices and studios. number of which have
son-Starrett Company has the contract for the
erection Of the building.
Rentals in the central 5th section have con-
siderably increased in the last years. The up
per floors in the Night and Day Bank Building. at
the southeast corner Of 44th st. and 5th ave. are
being rented at from 81 25 TO 81 Is a square foot
and the upper floors in the Knabe Building, at the
southeast corner Of seth ST. and 9th ave. at from
s 10 S Is square foot. AS the Silo Building will
occupy one Of the best corners in the section the
H,1-
ting a fair return from his new investment.
As regards the volume of private sales being
transacted. there is marked decrease in business
owing 10 the weather and the fact that
many big investors and operators are enjoying a
vacation many miles from this city. Several big
transactions ia choice improved parcels Were q
feature Of the trading in the week. One of the
leading private deals of the week was the sale by
the McEickar, Gaillard Realty Company for Ed
ward II. LaHdon Of the Biltmore and Blenheim.
two seven story apartment houses No. 56 TO 62
West 5Sth St, covering plot 100xlO05 feet east Of
9th ave, 10 the Biltmore- -Blenheim Company, q
corporation organized for purpose of buying the
property These apartment houses the only
ones in the block front the south side of 18th
81 between 9TH and 9th aves. The same firm of
brokers also sold for Alonzo Hornby. of Redlands
Cal, No. IL West 42d ST. and the abutting prop
cry Nos los 10 l12 IA and Il6 West 43d st; also,
a client OF Robert II. McGusty No. 1O6 West 4Sd
sit me II s Sobined N @ p parcels have 2 frontage Of IA
tween Broadway and 9th ave. The buyer was a syn
which VIII erect on the site a music han.
s p9fgas }5 Ho6Insop, & GhaT!es s Brown & Co @ sold
bounded by Broadway the Harlem Ship Canal and
parcel and comprises about three hundred lots 1t
has frontage Of about 800 feet the ship canal.
A E. Thomson sold for II Wronkow to Harry
Levey the northeast corner Of 125th and Aladi-
ave, 74X120 feet comprising old three story
buildings which viii be torn down and modern
parcel purchased by Mr. Levey in the last month.
14J.es " smith so1d f2r t = y Loew to Harry
70 9 Hanc2ck Place, and also the southeast cor cor
houses with sixteen stores The parcel aoJolns the
c. G. Hailock. jrs. Sons sold for Elvina Quest
.,xIo t SaTysue 81 & fye story tenGRent a No h9uSe'
I5oueberfz Nos 9qI and 2gs Madison st two two
story buildings, plot 46xS7x1o0 feet also bought
from Thomas c. Orr for Lillian c: Hutchins No.
Ill5 Park Place. Brooklyn.
rutland a. Mhlung soid Tor me George 7, bruce
Brown estate 10 Daniel b. Freedman and Joseph
Eamershlag the seven story business building at
plot ie2 3xsaxiO5 Sx76l feet
James Carlew sold No % West S5th st. a five
DR. Il B. Colen bought plot, 5OEloo feet, on the
side of 105th ST. 20 feet west OF Madison
on which he viii erect a six story athouse. - -
Mcguire & Co. leased for Lille l. Toplitz to the
Darracq Motor Car Company for occupancy the
building in course OF constitution No 1888 Broad
A SchiebeI and Joseph Toch bought from Luke
y t THe 81 no ihTee r 20 i've ~ story Sth6Gse on pot
fronting lol feet in the avenue and 100 feet in the
buyers viii make extensive alterations TO the
premises.
NJ & L. Hess sold for Henry Corn the new
eight story and basement building, No. 81 9Th
northeast corner Of 18th St, 296x100 feet TO client
of Webster B. Mabie, as an investment. The
Randolph Cuggenheimer sold 10 Anton l. Olsen
2 plot 75xSO feet the north side Of Spring St.
with ]. 2lx60 feet, extending TO Washington ST.
a seven story warehouse Will be erected by Mr..
Olsen the site
Mitchell A. c. Levy bought Nos 13 and Is West
6th 81. Eve story hathouses, 50XlG0 feet. The
purchase price is said TO have been S92.5 200
Shaw & Co. sold TO Fred @. Lax for Benjamin
Wilscy the lot 25xG0 the north side OF Gro
tona Park East. l25 feet west Of Southern Boule-
ward Mr. Lax intends improving the parcel. to-
gether with the lot adjoining, which he recently
bought.
The Cruikshank Company sold for Annie B.
Phelps 10 Blakeslee Barnes and Moses kinZler No.
q 6th ave, a three story building, on lot 1sX57
feet.
Frederick Zittel sold for L. Napoleon Levy No.
= West 63th ST, four story and basement brown
stone dwelling house, a lot 20xlO0.5 feet, 10 a
client for occupancE.
The Charles r. Noyes Company sold for George
Il. Rosenfeld 10 Clayton Rockhin the five story
and basement business building Nos. 224 and 226
PeaTl ST, a lot 25xl00 feet. The front of the
building is OF iron Every floor Of the structure is
rented. Mr. Rosenfed bought the premises in 1891.
I1e asked $4,000 for the property.
IN the last few months many Pearl ST. parcels
faVe changed hands.