New-York tribune., 1907-06-16

a
SOB 600 sale in upper Fifth more apartment
house deals and a greater volume or tradlig /"
business properties than for some weeks "eIe
features week OF the real estate market Buy
ers We're also quickly found in the week Ioi ii'oS'
Of the auction parcels, though some OF the auction
offerings were sold at bargain prices. James l"
Wells obtained at auction for The Bronx tract Oh
the Thomas o. Wolf estate S2594 44S, or an average
of 1850 lot. There are Isl lots IN the uac',
George Buckbee paid $500 for lot fronting about
q feet in the Grand Boulevard and Concourse ana
about 1T feet in Eastburn ave Two OF the largest
buyers of lots of the tract were eX-Pohce captain
James X Price and Herman Rappolt. Joseph I.
Dav also sold at auction in the week TO Charles
V HALEY and ]. Clarence Davies the Laytin farm
at Throg's Neck for S 900. The property IS called
Lohbaur Park. It comprises a tract of htty-siX
and one-half acres, fronting in TIE Eastern BoaIe-
ward. Town Dock Road and Willow Lane 1t Is
the opinion of many operators that Messrs Dawes
and HALEY got of the auction bargains OF the
year The buyers have already been offered
much larger than they paid for the property
The sale in foreclosure proceedings OF the plot
at the southwest corner Of 1929 st and 5th ave,
fronting in the and $50 feet in the
street resulted in the Equitable Life Assurance
Society. the plaintiff in the action. getting the
property on a single bid of S263,G00 The property
was first offered in plots OF 5oxl0O feet, and the
total sum of the bids for the parcel in plots was
s234 OO0. The Equitable sought TO collect judg-
ment OF about $260OOO. Values in this section OF
9Th ave. have shrunk in the last few years The
following of the largest sales in the sec
ton made between 1889 and 1903. in which the con-
sideration was made public: Block front from
104th to 10th sts 20x20l1O feet for $4,000 north
east corner Of 109th st. and 9TH ave, 1olX00 feet
for s32 500; northeast corner Of 99th ST. and 5th
ave- l009xl75 feet for $4,000: northeast corner Of
9th st and 5th ave. 1o09x2OO feet. for $4,000:
parcel 75x100 feet in 5th ave, 259 feet north Of
96th ST. for $4,000; parcel 252xlc0 feet. in 9Th
ave. about 1905 feet north Of Seth St, for $4,000
and plot 25xlO0 feet in 9Th ave, 759 feet north
OF 96th St, for $4,000.
The sale last week of No. 4 East 52d 81, five
story American basement dwelling house.
plot 3Ox100.5 feet tor Edward Holbrook, for about
$500 600 recalled again the purchase Of the old
Roman Catholic Orphan Asylum block, Of which
the plot sold forms a part. by the Barney Sheldon
syndicate in December, 1899. for $2.450,000 and
the resale of the block with the exception of six
lots by the syndicate before taking title TO the
property. The Union Club paid 800. 900 for the
5lst ST corner. plot fronting 75.5 feet IN the
avenue and $50 feet in the street The 52d st
corner containing l2,506 square feet sold in 1902
for ST. 900 900 The lot 32.6x10o.5 feet in 51st st.
100 feet east Of eth ave. sold in 1900 for $780,
OOo and later resold TO J. T. Farley for $4,000
a plot 3OxlOo.5 feet adjoining, brought IN 1900
sss 500 and was resold In 1902 for $4,000 The
lot 5Ox10O.5 feet. in 52d ST. 100 feet east Of 5th
ave. was bought by Edward Hoibrook for $4,000
He also purchased adjoining lot for $4,000.
Charles A. Dards the florist at No. 34l Madison
ave- near 44th st. bought last week through Pease
& Gilman from Mrs. Ellen A. Saven No. ia West
72d St. a four story dwelling house, lot 25x
1922 feet, 100 feet west Of Columbus and ad
Joining the Hotel Hargrave. Mr. Dards will
the building as a branch of his Madison store
as soon the building has beer altered. The
work of changing the structure will be begun at
once Plans being drawn it was learned last
week, for altering three other houses in the street
for business purposes. This is the first sale of
dwelling house in the street TO a business man
who intends to the property for business
THE Real Estate Record and Guide" says in its
last issue, in an article about 33d ST. values
With the exception of 34th st. there is perhaps
no cross thoroughfare the central section OF
Manhattan giving more evidence of activity than
and 5th ave. which IS in a state OF transition
far property values and structural conditions
quickening has been held to be due to the prox
inity OF the Pennsylvania and McAdoo tunnel sta
lions, it is now maintained that the growing de-
mand for buildings on the block in question is
cupaton Of 9th ave, we'll 34th ST.
Among the new structures in course of erection
10 No % Ct to S5 West Szd St covering an area OF
about $sooo Three e.. years ess ago the property was
Total operation involves the expenditure $650000
DiagonalIy across the street. at No. Al, and run
Childss restaurant is approaching completion. In
Improvement that will affect No 35 TO 49, the own
ership of which was recently acquired by interests
67.10x9ss and upon the site Il is planned 10
twelve story commercial building. The present
cupants OF the property have received thirty days
notice to move
Another operation of some magnitude will be the
Improvement OF Nos. 60 and G. West 33d St and
No 1910 1890 Broadway the southeast corner of
32d ST. by the Isman interests. Of Philadelphia
Ii is true that n few tenants nave vacated build
account OF O tunnel
building I'm that street by the cut-and-cover meth
cd but these vacancies have been hiled with
stronger business concerns, and the Occurrences
may be said TO have been more beneficial in its
effect than otherwise.
The dwellings in the block that have been re-
modelled into business buildings largely oc-
cuped by stock brokers, tailors, millinery estab-
lishments art and curio dealers but "a broker says
that as tho old Ave and ten year leases expire the
parcels find ready buyers. This condition has more
or less communicated itself to the block east OF
9th ave, which has evinced signs OF unusual ac-
tivity during the last six months.
the block east OF Broadway rental rates this
year for have varied from 81 500 5000 q
year. and studios and Offices bring all the way
from 81 500 81 500 each. One of the largest
e-s OF realty on this block is the estate OF John
Jacob Astor, which owns the fees OF No. to 2S
West $50 st, upon which IL rumored last week
that a modern business building would be erected.
Nearly all the leases affecting this property prac-
tcally expire within the next FIVE years. The ef-