New-York tribune., 1907-05-19
REAL ESTATE.
old Lemon Library Site TO BE I'M
proUed sCith DzCeIling Houses.

While the volume of business transacted last
week not large. the trading reflected the sta
bty Of realty conditions. There were NUMBER
of sales of large parcels Manhattan Island az
fecting property valued at many hundred thousano
dollars, some important Bronx deals ana TWO
successful big auction offerings of lots
In the upper 9Th ave- section two parcels or the
old Lenox Library site We're sold by Henry u.
Winans & May. Both plots are to be lmproveu
in the near future with fine dwelling houses. The
entire 9th ave. frontage of the ola library pioP
erty was bought some months ago by h. =. fIicN'
and on his plot he is going to erect house for
for his own occupancy.
One of the most interesting transactions OF the the
w eGT 51th At near the future home of the Iotos
Club The Site on which Is TO be erected stu.lo i
five houses No. 134 to l42 West 9th ST. ana was was
sold by Parish, Fisher & GO. to Robert w Won
noh representing syndicate ol ] ttTIls's so+ior last
big deal in in the the mdloTr tTeet and
week was the sale San65ny 6y Te Of When William H.
heSebromph is president of the old home of the
Eye and Ear Hospital at the soptne9se tches r Park
aMc nv. 1n5 feet in 4lst st. Associated with AR.
GheS@nroush e IN MordecaI & Son Potter & Bro
Heiiner 4 Wolf Albert b. Ashtorth ana CIa'N
u The h'S Property was sold to the lo3 Park Avenue
Company, which will immediatey DeSin ."' t,raIye
of razing the old hospital building as lWSng W.
Storv and basement office building contalhlnS y B
modern oDs bI Mnken Ks & Moer The
building Is expected 10 be ready Io W ,Lla1sac+ion
fore fore RoSert Ry e l. Mordecai The purchase price
about S0pVo
RECORD AUCTION PRICES.
Record prices obtained for most or the I'O
| lots sold at auction last week by Bryan l. Ken
nelly at the Real Estate Exchange Saiesrooms, NOS
a and "a Vesey St The lots sold form part OF the
| Benson estate and fremont Terrace tracts in the
| Pelham Bay Park section. They front in old Pei
| ham Road. the Eastern Boulevard. MiddletoWn
Road and Mayhower. Roberts and Westchester
aves. and IN other principal streets OF tHe
| Pelham Bay Park section. Many operators expect
the proposed plan for widening Westchester Creek,
| on which large number Of the lots OF the tract
front, to be approved by the city in the near tut
ure, and II this plan is carried out large vessels
Will be able navigate the creek. For twelve lots
fronting tho creek 81 600 each was paid, and for
three other lots s. go each. Tho Pelham Road lots
| sold for $3.50 each. Robert E. Mcdonnell paid
| 1880 for the ten Mayfower lots. The total sum
| of the sales was s110.905.
The auction sale OF 1l2 lots in the Westchester
section of The Bronx held last week by James Il
| Wells at the Real Estate Exchange SalesrooIns'
Nos Il and Is Vesey St. attracted large crowd OK
| spectators and investors. so eager were those
eenfiTa orserisg Vas ouickIT sold The lots form a
| short distance from the authorized eXten-
They front either in Fort Schuyler Road HGrring
ton Mapes Dudley or Cornell & aye Three rec IotS o IN
at Dudley brought {20o0 The plot, 53 4X5ox
| aves. sold for Sl.l50 A lot in Harrington st east
| OF Fort Schuyler Road reached the price OF &.25.
ae s sod or s. m oh G on aTTngo
ave. between Fort Schuyler Road and Mapes ave,
same streets @ from ON @ to 2 $3.50 Gorne Cornell ave ave i9 9fs
| for from f5s5 to $50 the prices increasing as the
| lots neared Fort Schuyler Road The total sum Of
! David l. Hardenbrook OF jamaica, Queens Bor-
! ough. yesterday sold at auction six parcels OF
| The total realized was &7575.
| The old Hardenbrook homestead, standing upon
q rtlpt f3,s faaf /
! IN by one OF the family, II said. a modern
| Colonial house, now occupied by Harry sutphin.
! purchased by NJ. = Meyer \ house, on plot
Ifot po Of land e By s feet sS h Of
denbrook and hillside avenues. sold to Charles
| White for $500
! AN EXPERT VIEW.
The Real Estate Record and Guide" says in
| its last issue, in article about tho real estate
| situation in part as follows:
one OF tho most noticeable features Of the build
Ing activity OF New York continues 10 be the NUM-
! Der Of iott buildings erected The construction of
tenemcnts. apartment houses and Office buildings
dminution in the number OF buildings projected FOR
52d " T'isgSale % M & u j ~ o W!H1 m or @ ON ave, UTtow
Of thiS class. and the same statement IS true OF
| ayes. A large number Of old brownstone residences
in 10Th and 2ist SITS are now being torn down, and
WEen the new structures IN those streets are Ai,
ished there Will be very ntte space left south OF
! Or TINS occupation OF the existing wholesale dis
trct. the queston OF the range OF territory 10 be
! interest OF course, new wholesale district will
have TO come into being north OF go St; but what
| line will 1t follow? And how far east and west
VIII IL extend: The value Of real estate in 5th ave.
north or I'D St Is too high to be available for the
! purpose or wholesale business. II looks II the
retail trade will also occupy Madison ave. and the
side streets of 5th There Is q certain amount
uT room In Broadway, but the recent Improvement
In that thorOughfure have been IN the nature
OF office than OF loft buildings. Sixth might
! seem to be available but here again real estate
| values have increased 10 such extent OF late
years that the erection OF loft buildings
| be wholly improbable. The level Of prices in 9Th
ave. between I'D and 32d sts Is adapted its use
for department stores On the whole IL looks
II the values which the retail trade has given 10
real estate between 9th and 3ith SITS. Madison and
9th aves, would force the wholesale trade further
| west and further east 1t VIII be found cheaper
for business firms needing a large amount Of well
lighted floor space follow lines Of Attn ave the
| east and of 7th the west. Cheaper grades
| OF loft and light manufacturing buildings have
| already been built in many cases I'm or near 4th
and 7th avcs., but Il looks II hereafter
| pensva hreproof buildings would also be driven
! further away from the central Broadway and 9th
| ave. line by the wedge OF the retail ;raGe The re-
tail trade Itself will not be pushed further uptown,
| because the superior transportation facilities Of
this district. derived from the PENNSYLVANIA and
| trolley terminals. will make II more valuable for
| retail purposes than for other Tie operation
of these novel conditions Will be awaited with great
| interest and will necessarily produce important
changes In tho distribution of business in Man