New-York tribune., 1907-01-06


in many sections, and the volume of business done
was satisfactory. Spectators and investors were
prominent in the news of each day. and, judging
by the character their operations. they likely
10 continue to be until the end of the season.
The chief speculative and investment districts at
present the Pennsylvania, the central Fifth ave-
nue. shopping, the central Sixth and the
lower downtown business. Just which OF them
offers greater opportunities than any other TO
the average speculator and investor is a mooted
question. In all those sections values increas
ing at a rapid rate Many parcels, too in the sec
tions are to be improved in the future In the
Pennsylvania tunnel district the number OF specu-
iators is considerably larger than elsewhere, but
the realty outlook of that section is apparently
brighter than in the downtown business centre
IN which the Cortlandt street tunnel terminal sta
tion is being built, the central Sixth avenue
section. in which extension of the old Morton
street tunnel route is being constructed in the
central Fifth avenue shopping district. where the
number of parcels for sale lease is becoming
less every month. About two years the realty
charms of the Pennsylvania tunnel section. as re-
CARDS opportunities for quick profitable deals
greater than now, according to many realty leaders
because in that time spectators have been un-
ceasingly busy there
One OF the principal deals OF the week the
sale by S. b. Goodale S5 Son for Antonette Camp
of the five story building Nos, 27l and 273 7th ave
on a plot 4oSxll2 feet. 10 jeremiah w Dimick. The
buyer also Nos 15S and 100 West 26th st. The
two parcels form an Il" shaped plot
Pocher s: Co. SOLD fo- LeboWitz & Jask!r 10
D. e. a
brick buiiEhg. = Let 2f7Jo0 feet. The property
Is 50 feet north sisl st. Also sold for Adolph
Woke TO oustave Gross No. 4o6 West S9th st. five
story front and three story rear tenement house
25x9S9 feet
The Gem Realty Company has sold No 40 to 44s
sth ard Nos S7s and $50 S5th St. six four
story tenement houses, with stores, plot sSSx
sse fee-
g Y. gescia & 90 haze sold for Frank
eeilinlby TO Client the six story building No 81
Washington St. between Rector and Morris SITS.
William r. Ware has sold for George A. Fisher
tee Erode, six story law apartment house
af M. III Manhattan ST. adjoining the northwest
crrler of Old Broadway. 1t is a plot 5Oxl0o feet
flames Kyle Sons sold for Mrs Otto E. Reimer
TIE northeast corner of Lexington ave. and 5Sth
ell. four story building. o a plot 32x76 feet
This is the first sale Of the property in twentysjx
years. The purchaser has instructed Kyle & Sons
MS agents 10 begin alterations as soon as the
present lease expires, on May l. There viii be
stores on two floors and apartments the three
Plans we're fled last week with Buildings Super
sntendent Murphy for remodellng the four and six
bia college ieasehod Into a mercantile building for
Mrs Jesnnette p Coin and Paul ]. Byck. as les
passenger elevator Installed. and new orna-
erected The Tnprovements are to S Cost ST. 81 60s
according to the estimate of William Willis Bos
William Cow bough: The Evening Post" Building
ground. together with the lease to an adjoining
plot sP E Reeo2 Suaing t6a s % ss sat s PSt 70
Gel f6lxs52 feet on the east side OF Broadway, 262
y
RectoT's restaurant occupies the premises. The
properly is morgeged for 100000. It is assessed
Heilner G. Wolf bought from George Colburn
25xie6 feet at the northeast corner Of 1sOth street
and Broadway- The buyers own an adjoining plot
Palmer & Finneran resoid Nos 1900 and 1902
fst also sold for S Aaron coes So 255 West 6
St 25xloo feet I've story front and rear tenement
house, and resod same through h l. Suydam To
John N: Reid & Co. sold for Edward ]. McCabe
". IL
sqFy eck 3f on n plot dd 1Ss1i9S f 100 feet feet
plot a5xleo feet on the east side Of Woodycrest
Irving P Lovejoy sold No 81 Leonard ST. seven
story left building. 25xs2 feet, for estate to R.
Charles C. Marshall sold to w Starr Miller four
feet at the s6utResSt corner Of Seth St and Fifth
ave The combined parcel % is Is assessed at $4,000
z George r. Read & Co; sold the property Nos. -
for about $4,000 10 client for investment 1t
comprises two four story buildings on plot 37.s1
I Randolph Jacobs ,,l.s bought 10 M 191 Park ark Row.
fee story torn store and o bdng he
erty viii be adjacent 10 the new terminal for the
slaWson { Hobbs sold for Maude !, Mostert 70 a
st sai ftst sEe"S house NO. 80 riverside Drive 20'H
The Real Estate Record and Guide says in, its
'.The most important single movement now taking
place in the real estate market continues to be the
speculative buying in the district west Of Sixth
streets.
past week important sales have taken place on
Seventh, Eighth and Ninth avenues and in many
of the siae streets II the region. and ii is evident
that the preliminary steps are being taken which
will result in the transformation of this area into
district devoted different kinds of business. The
current buying on the middle West Side is usually
attributed TO such special causes as the Pennsyl-
yania Terminal and the proposed new subways.
snd these improvements will undoubtedly TO
make this region more available for business pur-
poses; 90. behind these special causes lies the
general fact that the district gradually becoming
The part of the city which be most conveniently
used satisfy miscellaneous business needs. The
future Of this region viii be governed by much the
conditions those which have given char
acter TO the section west Of Broadway farther
afford more central locations will buildings
he middle West Side. cnd this will be all the
the future for business men 10 find relatively cheap
sites in central situations further north. Business
WIFI have TO spread further east and west than II
has done south of 1ith street. and il will spread
west rather than east. because locations on the
west side tend to be cheaper. Very few modern
ten sments have been erected in this region and
erty the side streets II must be added that
the spread OF business east and will be Sac-
ilated Dy ule Iact lhat therc are 80 many more
direct crosstown streets north Of 18th street than
there south Of 18th street. The movement will
: of course, be slow, and will probably a
Etandstill for a while after the present Of
business prosperity has its course: but the
remains that this whole region. by the force
of its location is constantly becoming more and
more available FOR business Improvement The
property owners of the West Side should inlmA-
fately organic for the DurpOse of securing wide
south of Fourteenth street These extensions would
not be expensive. because they would be
through comparatively cheap property. and they
would be an immense benefit to the whole Of the
middle West Side.
ANOTHER ST. NICHOLAS AVE. DEAL.
J.. P & r. J. Murray have sold C. Harvers
7 p Ca-telrnan No. ct north