New-York tribune., 1907-10-13
an INVESTOR'S CHANCE.
To Sell Holdings of adams Estate
At AuctiOn.

Bryan l. Kennedy will offer at noon on Wednes-
day at the Real Estate Exchange Salesrooms'
Nos. IA and 10 Eesey St, the vast realty holdings
of the estate of Albert J. Adams. The total value
of this Offering is considerably than $,0OOOOO
Most of the parcels in the leading speculative
sections of this city, where greater values are ex-
pected in the near future
One of the Manhattan offerings is No. 54 West
S1st St, d three story and cellar brick business
building, with two stores. plot 20x63 feet. 1t
is block from the McAdoo tunnel terminal
station and near the Pennsylvania Railroad tun-
mel station. There is a mortgage of $4,000 at +
per cent the premises. Other parcels in this
budget are No. S5 Seventh ave. three story brick
fathouse. 2lx75 feet. opposite the Pennsylvania
Railroad tunnel station; No. 107 West 18th St,
three story and basement brick and brownstone
dwelling house, a lot 20x1O05 feet; Nos. 2OS and
2l0 West Both St, frame tenement houses with
stores. plot 46X9S.9 feet, within the
Pennsylvania tunnel station; No 407 West 35th st,
two story frame store, plot 2Ox249 feet, near
the Pennsylvania tunnel station; Nos. 539 and 541
Eighth ave. and No. sol West 37th st, being the
northwest corner of those thoroughfares a new six
story brick and stone loft building, with store on
plot fronting S024 feet on the avenue and 100
feet in the street; No. 3O7 West S7th st. a six
story brick storage warehouse, on z plot 25x9S.9
feet. and adjoining the Eighth ave corner parcel:
No. u6l Second ave and No. 257 East 61st ST. being
the northwest corner of those streets four story
brlck and brownstone apartment house with store,
plot 21-3X4S6 feet, directly opposite the an
City, and No. 42 Bowery, near Bayard ST. a five
story brick business building. 2o5x69 1Ox204x71 Sa
feet, which is subject TO corde mnatOn proceedings
which have been begun to acquire it for bridge
purposes.
The offerings will also include No 1I3S Manhattan
ave. southeast corner of Box St. Brooklyn three
story brick front and story brick rear build
Ing on plot 25x100 feet. and No 1872 % Borden
ave. Long Island City. story frame buildings,
with three stores directly opposite the Long Island
Railroad and Pennsylvania tunnel stations.
Mr.. Kennedy, who will conduct the sale said
yesterday: The increase in the selling prices OF
New York real estate astounds the ordinary ind-
vidual, who complacentiy rides the cars. viewing
the improvements, without attempting to analyze
the results. Few people can appreciate the fabu-
lous increase in realty values which the new Penn
sylvanta Railroad terminal station and the McAdoo
tunnel will add to the district west of Broadway
between 3Oth and 34th SITS. These improvements
will transform this whole central uptown district
into the heart of business New York. and property
will increase in prices by leaps ana hounds. 1t is
this fact that has caused much interest To he
centred In the sale of Adams estate on Wednes-
day.
Millions OF dollars are being expended for tUn-
neIs and terminals which will make central uptown
business property. particularly i'm the west OF
Broadway between S0th and 2ith SITS. among the
most valuable in the city. I would not dare vent
ure an opinion on the future valuations in this part
OF New York, as they will be aston.shngly high"