New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-12-06

Columbus Circle did not lend itself naturaHF 10 !
the carrying out OF such projects. The section |
however is suitable for the creation OF larger
theatre there along these lines
THEATRES GOOD INVESTMENT
Most OF the big realty investors and operators
have known for long time that nearly al Oh tle
theatres Manhattan Island arc on a sp'enol4
paying basis. and therefore. form one "l tie mus
attractive investing holdings. None OF the theatre
owners willing TO part with theif proPeIues'
and that is considered be proof positive that the
future OF the theatrical business is bright. Inc
expression is frequently heard How DO all the !
theatres in New York pay, and where 90 the per
sons who patronize them get all their money 10
buy seats at g each?" It IS true that the ndmoer
of theatres large. But their combined seating
capacity is not over one hundred and twenty thou
sand
NUMBER OF VISITORS TO CITY LARGE.
According to who make q close study
OF real estate conditions in this city and VINO are
LARGELY responsible for the splendid manner IN
which the great Side has been built IN recent
years the number of visitors to the city every aHN
in the year averages two hundred thousand, ana II
this WAS feet many OF the hotels W4lch Hldho
a speciality Of providing the comfort OF transient
guests v-oud have TO go out OF business Or be
transformed into apartment hotels, catering 10
families.
1t is also estimated by the experts that
Of these two hundred thousand visitors. al least
one half OF them want certain productions
at the payhouses during their stay here lheSe
visitors are not persons from nearby places, hdt
suburbantes who numbered among visitors
! who largely patronize the hotels and payhouses'
are in q distinct class. and just no" large thelI
numbers is moot question. Some experts
say that from fifty thousand to one hundred thou-
sand persons living IN the suburbs are patrons OF
city theatres each week day.
A we'll known investor. speaking about the
Columbus Circle as great theatre zone and as a
greater apartment house and hotel region. said
Yesterday that III the week he had walked in
Broadway from Sherman Square TO Times square
a distance of about a mile and a half and at
time when the playhouses were enlptying their
audiences into that great thoroughfsre He has
travelled extensively throughout the United states
and is on friendly terms with scores Of leading men
in various parts Of the country. He SAID tlat ne
recognized in the promenaders on the avenue many
we'll known citizens who lived hundreds Of miles
away New York.
AN EXPERTS VIEW OF CONDITIONS.
This man has figured in many of the largest
plans for improving sites IN the great business
sones Of Manhattan Island, we'll as IN the cen
trail Fifth avenue district and in the aliurlng NeSt
Side. There is closer or more successful stu
dent Of realty conditions affecting the local mar
ket than he He prophesies that the old theatre
will continue TO spread out ana that the
newer theatre zone, of which Columbus circle
forms practically the centre, will in a few years
be twice as large It is to-day He added; Every
apartment house which Is put up in the West size
ADDS to the attractiveness of the Columbus circle
district an amusement centre
THE HOTEL EMPIRE DEAL
Robert E. Bowling bought last year the Hotel
Empire and the four story building NO os COL
umbus avenue, for $715000 an investment. Inc
hotel property occupies plot fronting lB-Z IN
cd street, 1852 Broadway and Is feet on Column
bus avenue. For the hotel property and the 2llth
street lots Mr. Du Puy paid all cash. He intends
10 hold the properties investment Denis q
Preston the brokers in that deal They also
sold for Todd Brothers the Van Dyke and Severn
apartment houses. two two story buildings. occu-
pying block front 200x119 feet on the easterlF
side OF Amsterdam avenue between I'D and 7Sd
streets TO Mr.. Du Puy. In part payment, Todd
Brothers took the First Presbyterian Church prop
erty at Penn and 7th street, Pittsburs.
1OOx12O No 1872 TO 13s sth street, in the heart
Of Pittsburg's theatre and business centres.
Mr. Downing held the Empire Hotel at Sl0p,W"
and the Dyke and Severn apartments were
held at s2o0o.0oO ny Todd Brothers Mr. Du Puy
is the vice-president Of the Cruciole steel Com
pany. He has been a large buyer OF Manhattan
| real estate FOR some years and Is now numbered
emong its largest investors.
MANY OTHER BIG SALES.
Many other big deals were reported in the week
There were few Manhattan Island in
which there was not large volume Of realty trad
ing On Washington Heights where operators and
builders been prominent for months,
there a continuation of a brisk purchasing
movement, and that movement is likely to become
broader after the Christmas holidays Judg-
ing the plans which have already been made
movement the best type of apartment house will
be the rule OF the operations in the section N the
spring. Some of the houses will stand on plots Of
nearly a half block front In size, and will be
practically exact duplicates of many similar high
class houses which have been put UP in the lower
section the West Side in the last five years.
In the central Fifth avenue section a feature OF
the trading investment deal involving 500
00O and the sale Of a number Of valuable dwelling
house sites fronting in the streets
Albert B. Ashforth sold 20 George g. Heye, Of
the Wall Street brokerage house OF Battles, Heye &
Harrison the property the southwest corner OF
18th and Fifth avenue, formerly owned and
occupied by Charles 7. Cook, who for many
years president Of Tiffany & Co. Andrew J. Con
mic. and several other persons the sellers
The property held about $500 600. con-
prises a four story dwelling house a plot with a
frontage of about IS feet and depth feet.
Mr.. Heye has been identified with the
market for more than six years. He built the Ifud-
son Theatre in 44th street, between Sixth .
and Broadway. Last spring Henry e Harris
bought the theatre from him.
ANOTHER FIFTH AVENUE SALE
Another big deal i'll this section was The resale Of
the premises No 929 Fifth avenue. Eve story
building on a plot fronting abou, twenty-five feet
and with depth of 30 fes:, through Er. Asnforth
10 an investor. Franz !. CASSIDY was the seIIeT.
The purchase price about $4,000 The site
was sold 1858 for $500
The trading In the section also included the sale
OF the four story and basement building 4 plot
soxeo feet at the southwest corner OF 9th street
and Madison avenue by Gilsey Tiavemeye- q
Jenney. for the estate Of Andrew Gilsey TO the
NEPTUNE Realty COMPANY The premises were for
many years occupied BY the Jockey Club ON the
ground moor are mirrors in hardwood frames,
decorated with whips and spurs. ana horses heads
carved out Of wood The purchase price was about