New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-10
BRISK 9TH AVE. TRADING
1CTTVITY WIDESPRE1D.
Ruling Price a Front Foot an Shop
ping Section SO 1000.

shopping district viii probably be made in the
near future. Owing to the activity there in the
last two years, the number OF parcels which can
he bought Is small, and CT more of them is
likely TO be bought at considerably more than
s5O00 a front foot, which IS about the average
prce front foot paid for lots fronting in this
section of the avenue. About the best price re-
Gently obtained for parcel IN that thoroughfare
south Of the Waldorf and north OF 26th St was
$4,000 for the Dreicer Building, No. 90 9Th ave.
2 i've story structure. plot 24SxlO0 feet which
was sold by c. Grayson Martin to S Palmer Mr..
Palmer bought that property only a few weeks
$50 but he could undoubtedly find n ready mar
ket for the parcel II he desired to sell, at a much
higher sum than he paid for it. For the five story
business building No. ga 9TH ave. 25x1OO feet, c.
Grayson Martin paid not long ago about $4,000.
The premises are opposite the Windsor Arcade.
Since the frs day OF the year there has not
been q dull week in this great section If a change
Of ownership did not take place in plot 'front.'
ing IN the avenue. there was considerable activity
IN the cross streets of the section and some weeks
were marked both by several sales Of street and
avenue property. In spite OF rapidly increasing
values and the inability of many growing busl-
ness houses 10 pay the present prices for sites in
TIRE avenue. the section continues to be a remark
sbly profitable speculative field to the experienced
specuIator and investor. The constantly changing
prices 70 newer and higher figures astonIsh the
onlooker, delight the speculator. and make the
merchant seeking a site there urge his broker to
redouble his efforts to get him a foothold IN the
avenue. Just little under the market price II
possible" The present values in the avenue have
caused scores Of retail business houses which were
thinking OF buying 9th ave. home TO seek a
street site IN the district. Values even now In
some OF the cross streets are too high for many
concerns which want 10 be IN and a prominent
factor OF this retail business section. Nearly every
ons Of these concerns had money enough TO buy
& site in the section several years ago, but they
have been putting of buying from day TO day,
and the outcome OF their hardness VIII be that
they VIII later find themselves located far from
the heart Of the district This may not result in
g Ehrinkage IN their business, but they will be
placed at q disadvantage. The major share OF the
business OF the district Will be done by those
firms which have the best sites there and which
have good goods 10 sell at attractive prices.
IN G little less than six weeks many big sales in
the section have been made. BY studying the sales
Of No. 292 24SxOe feet at $4,000; Of No. 81 5th
ave 247xlo0 feet ct about $4,000. and No. 514
s5x10o feet, for about $4,000, an idea OF ruling
prices IN the avenue may be had. The trading in
the streets has been unusually large. Last
week exception, for there was $4,000 deal
in avenue property and market was found for
three parcels in East 83d St, within a few hum
dTed feet Of the Waldorf. There was also an eX-
ceent market last week for business parcels south
Of go St The principal deal in 5th was the
gale Of Nos. 2S5 and 2sS, five story buildings. on
plot s4.lxl25 feet, by Albert B. Ashforth and Web
ster B. Mabie for the Raymond estate to c Grayson
Martin for about $4,000. The buildings are on
plot 24lx125 feet MI Ashforth also sold TO client
Tor Mrs. c. A Willette No 70 East $50 ST. a Tour
the dwelling house once occupied by William VA
doIf Astor The properly viii be lmR5oyS66i c T me
owner VIII occupy the first six floors, Also sold
East 33d st: also No IS East $50 St These two
properties. Nos; a and &C. comprising plot 1VXso
Feet were resold for c. Grayson Martin ana MIS-
Samuel Penniman to a client OF the law hrm OF
III chief transaction south Of 2Sd st was the
purchase by the Century Realty Company the Al
ferdinand Kurzman. Richard Deeves and Henrietta
-er of 81
the Everett House is one Of tAe landmarks Of
the city. It was erected in 1853 At that time there
we're no large hotels n0Tth es 81 bntieIies Of the
city. il is five story structure ana mas frontage
The premises are diagonally opposite the proposed
courthouse site. George r Read d co. were the
Tie Century Realty and Alliance Realty Com
Wolf & kramer Nos. IL and IA Fulton street Two
five story buildings on plot 6SSxl rect zV9 Iee6
west Of Broadway The parcel faces ST. Paul
Churchyard. The sellers bought the property some
purchase price was about 100000. ". T. Treble was
Horace s. Ely & Co. and George D waring sold
No 81 West 18th St. three st9ry and oa semen
IIiiienbrand & Mascot sold for Louis Schwegler
the Fife Arms, q seven story elevator apaT tInenI
Broadway. on a plot. I00x1o0 feet. The buyer is
Mrs. Mary l. Donovan widow o. dlm Ii[et Tono
Jacob Rosenberg sold for opppenheimer Brothers
northwest corner II 10th st. and Seventh ave In
exchange for the property MI Ioch gave q NO
Vest a 121T of Ism ST. ana seventh ave Jacob
Rosrnbaum the broker. The deal involves
schmidt & Donahue leased for George Ehret 10
Company Omitted Cigar Stores Company the Berk-
he est side of Eighth ave, from 1Z4th TO l25th
st. 20ox1o1 feet for twenty-one years at net
rental OF s110o000 The lessee VIII nave the pTlFl
lege # renewing the contract Tor TWO terms OF
MiIiard veit sold for A. Guthman & 60. 70 a
client Of Kaufman & Co. Nos, 23S and rs West
10Th St between Amsterdam ave. and Broadway,
six story elevator apartment house On "A lot ok
The Charles F. Noyes Company Leased the con-
nected buildings Nos. los, 10 ana ~ CLn 81 ana
Nos. =, i and l3 Hague ST. northeast corner CON con
tanning about $4,000 square feet Of space. for long
term Of years to George 7. Hills a. an aggregate
teusively altered and then used by the lessee who
iaf1 X KaIiev 6. Son sold to John r. Smith and
Patten Brothers Nos. 43 and 70 Harrison St, two
four so buildings On soT P4i Gamma 53S' end Lena
Teller No. Il Rector st. a SIX story building, on
NO owns fbc adjoining southwest corner Of
Greenwich ST He now controls a frontage Of 100
fIang were filed LAST week with Buildings Super
iutendent Murphy for ten story mercantile buiIa-
Orentlv as owner. II viii have frontage of IS
feet and a depth Of Sc feet, with extension. The
Gotta with a balcony at the eighth floor and Ionic
pilasters supporting an ornatnental ROOF corhlce.
The building IS 10 cost $4,000 The architect Ia
Plans Far the twenty story hotel 10 be built BY
s3d ST 1isxs7 feet have been drawn, 1t
learned last week by Ralph Z. White, OF Phila
100 900 Granite viii be the material used in con
struction up To the fifth floor. with terra Gotta
above On the outside Of the building are to be
great brackets fo' Illuminating purposes The cor
oonnes win be Of cream coored glazed terra Gotta
The second aoor. will be set apart for a great ban
euet hall and private dining rooms There viii be
fve elevators, operated by the plunger sysein- In
eesign the hotel is 10 be French renaissance
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