New-York tribune., 1907-02-17

SPECTATORS AND INVESTORS 14CTTVE LAST WEEK
SOUTH OF I'D STREET.
Demand for Sites Suta Bile for Loft Buildings
Scores of Profitable Deals Made Near Wodorf

The volume Of realty trading last week between
ao.b and 10th SITS, both and west of 5th ave.
ms large and clearly indicated the excellent mar
L. for property in this great section of the city.
For many months spectators, investors and bust
-ees houses have either bought in fee simple
On, control of many parcels in the district. Some
real estate brokers amazed at the amount of
busness which has been done in the district and
think that values viii soon be unattractve to the
majority Of prospective buyers and then Will fol-
Low = luIl in realty operations there The majority
n brokers' however. look for a continuation of
+be vigorous demand for property in the section
,nrH business concerns have located nearly all
,be parcels there which suitable for i'm
movement with loft ard store structures. 1t
vll take al least several years to complete this
Vonderful transformation. the initial stages of
which the real estate man now behods. 1t may
even take FIVE ten years, and all the time the
section is growing greater, and therefore more
attractive business centre; values Will be con-
stsr-lv Hanging ara that fact alone will
operators. spectators and investors TO continue
actve there.
The possibilities of the district as a safe specu-
lariye field are hundredfold. Within the last two
years scores of spectators and investors have
made many profitable deals there. These specu-
lators and investors are more pleased with realty
conditions in the district than when they became
identified with r. II was the tunnel plans OF the
Pennsylvania Railroad Company and the McAdoo
companies. the many other projects for bettering
the traffic facilities of the city. the northward
movement Of the 9Th ave. drygoods section ana the
phenomenal growth of the theatre and hotel
tres sent the spectators AMI investors hurry
ing into the section. Many months will pass be
fore they scurry out of il, unless present realty
signs false.
Four parcels near the Waldorf changed hands
last week one Of the principal deals the sale
by the estate OF Alexander Bryant of Nos Is and
L East s2d ST. two -four story and basement dwell
ing houses on plot 50N9Ss feet, for about 10000
c. Grsyson Martin bought from Matilda p. de
Luna No East 32d St. a seven story apartment
house en- lot 25xsSs feet adjoining the northeast
corner Of 9Th ave. s osgoOd Pen & Co. We're the
brokers'.
Robert Micolino sold No IS West S2d St a new
four story ana basement building, lot 2oSX9s9
feet. 2l06 feet east Of Broadway.
Pocher & Co. sold the three story and basement
private house No 148 West ed st. which is on a lot
Issx726 feet for Margaret Burns TO Theodore Abel
SOM as an investment
Plans filed last week for n six story brick
loft building for Daniel X. Rchmen. TO be erected
al Nos 81. Sc and IS West 8Sth st. It will have a
frontage of Il feet and depth Of 81 feet. with an
extension, the FACADE being of terra Gotta and
trimmed brick Il Is TO cost s25.Oe0 according to
The estimate Of Samuel Sass. the architect.
Frederick Potts has sold 20 Frederick B. Jennings
No 80 East 39th ST.. four story dwelling house on
lot 25xss-s feet, for $125y0oo The buyer owns an
adjoining parcel.
An Idea Of present values in the section may be
he'd from the following sales reported IN the last
six weeks:
Nos. "A and rs West ssth ST. two four story build
inss. 87.6x74I feet for $4,000.
Nos IS and 5 Madison ave, southwest corner of
2sth st. Two four story and basement brownstone
dwelling houses =s5As5 feet, for about $4,000.
No, % 5th aye. i i've story business building
24.sN1lG feet, Tor 10000.
Nos . snd p West 32d ST, two four story dwell
ing houses, 50N5s.s feet. Cor S2250g0.
No. 20 9th ave. i've story building. altered for
business use, 2+-I4-oo lest, :o- about $1,000.
Nos y ana 81 Vest 92d street, two Buildings, E3X
g feet, for q little over sZco,060
Nos. s. and i Vest 33d ST. d three and a four
as SS ss55 e e and 70 West sd St. 664Hs's feet for
Cd b1iolng. northeast corner OF 27th 81. and 9Th
ave, +exlyE t95Xl0tl feet at auction. Tor $25l 600
Is feet for abouI $5a50gj o. '''-@-
The State Realty and NorsEage Company last
week sold 70 John j. t.eraty No lo9 10 10 West
an eleven story lott structure on the site.
zar u Reid N 2 seq z lor SShst 5I Van Cor and
dwelling hose, zixsS9 feet, 10 Santiago P. Cahiu.
l. 5; Nakeman sold Tor Albert kayanagh Nos.
& @ % On a e5i of - @ "a fer a i'r % aI fII Hye , sto5y sc
E twelve story mercantile building on the site.
Foc.er a Co sold No, rs It'll ave. for Mary J.
building lot sjH7O feet, Just north Of tie Penn
sylyan!a tunnel terminal station.
Harry Leyey leased for tweuty-one years from
ne estate Of Thomas Loughr4n and George y
e. 6a,l"ln & Sen Qid paioings on a plot 1y2xsss feet
Tucker, SPeyers d Co SOLD for Jeremiah c. Lyons
$500 The hcuss has been occlpied the jssf tygo
Yeas by General Lloyd 5. Bryce J. Stevens III
man is the buyer.
The Charles r Noyes Company sold for Horace
3 Ely & Co as agents No. 4l2 Broadway, extending
70 CCrIandt alley, q five story and basement build
ing covering lot 8 9xl75 feet This is one Of the
most important Broadway sales recently reported
IN this section. II il leased 10 tenants. u
Wes purchased for investment
Herbert 4. sherman sold for stuyvesant Vain
wright 70 Mrs. ". Brenton yelling Nos. 157 and
35s & East DIST ST. two three story and basement
brick apartment houses, on plot 4lxl005 feet.
Slawson & Hobbs sold for Dora w. Ideu TO n
Client for occupancy the three story high stoop
eWelling house No. PA West list St, 20x60xlOo5
feet Also sold for Cora KessIer TO client for
occupancy the four story American basement dwell
Ing house No Z59 West 10th 1611x60Xl0)5 feet.
William a. Martin sold the Harlem Club prop
erty, four story prick and building on n
plot solgN4o feet at the southeast corner of l23d
p ana IenoK ave, to the Eastman Business Col
lege of Poughkeepse. The seller bought the par
Gel At foreclosure last month for SIS, &c., and
Fesells at profit of more than 81 900.
Daniel 3. Freedman sold 10 Isaac Blum No. 26l
West 54th St. B9X62.11 feet. II IS four story
dwelling house adjoining the Automobile CLUB Of
America The buyer viii remodel the structure
into building suitable for the automobile business
HHlenbrand & Nsssoit and George w. Worth
leased for the estate Of Edward IAtchhed to the
Upper Broadway Realty Company for a long term
OF years the cherbourg, a seven story elevator