New-York tribune., 1908-03-15
INCREASE IN TRADING.
LARGE BUDGET OF SALES
More than 81, 900 900 To Be Spent
IN proTing Doscntosrn Sites.

There we're several active realty centres last
4ek on Manhattan Island The trading clearly
-cvesfea a broadening market for parcels in the
soWntoEn districts and good demand for apart
,-e,t houses in the West Side north of 18th ST
puTlders and operating syndicates were prom
,uent last week in the upper sections Of the city
es IN the previous week AS each deal in which
thew figure will probably result in the improve
,,er- OF the parcels affected the coming spring.
,hpre is likely TO be more building in The northerly
districts than conditions indicated in the early
,a-t OF the present season. 1t was learned in the
week that of the largest building operations
manned 10 be carried out this year Will result in
.rnnroving the entire block front the north side
~ Is0th ST between Fort Washington and
Broadway with apartment houses by the Fluri
Construction Company. The parcel adjons the
property Of the Holyrood Episcopal Church at 1sst
81 and Broadway. II was also learned last week
that building corporation will erect an elevator
apartment house a plot se-1ax10o feet at the
southeast corner Of 1f7th ST. and Broadway.
Projects have recently been perfected for invest
ing over s6oooe0o in buildings in the downtown
business districts. The Farmers Loan and Trust
Company intends il said fifteen story
building on the premises Nos s. and e5 Beaver St.
extending through 70 No. % 10 a Exchange Place
J. is understood that the structure will cost about
slr550.a The property, which was bought by the
trust company about two years ago from the ALI
ance Realty COMPANY adjoins the present home OF
the trust company, at the northeast corner OF
William and Beaver sts, and has frontage Of 45
feet fn Beaver 81. on Exchange Place the proposed
building will front about IS feet The average depth
through from, street 10 street being about lis feet
4 twenty story building VIII be erected the
premises No 50 Nassau st, extending TO Nos. II
and A. John ct BY J. Cor6ay & Co. soon as
.ha --esert leases On the premises expire. Corday
4. co leased the premises for a long term last
week from the Colgate estate through A & N.
Jacobs The Nassau 81. building occupies a plot
s. sxlao feet and the John buildings plot sxIoa
feet.
14th 81. and Seventh ave the Adams Express Com
rany is going 10 erect e structure TO be occupied
BY one of its branch Offices
one q the most important transactions reported
last week was the sale by the Atlantic Realty
Company ana Strange & Sawson of Nos. zS3 and
- IN ave and Nc les West S.th St two five
story and four story tenement houses. for
atcut $4,000. The sellers bought the property
tor z little more than Ssfo.eD about eighteen
months ago. The plot is L shaped II has
frontage OF s94 feet IN 7th ave and & depth of 100
feet In 3sth 81. il fronts % feet and has depth
c: = feet Another important deal the sale
~ William a. White & Sons and Charles b Van
Valen for James Gibson Jr-. OF No 81 Maiden
Lane, a four story building. &xl44 feet, TO Seth
ep-ague Terry, who gave IN exchange Nos. S
a-s s John st. e five story building, plot
4 sxg75 feet northwest corner Of Gold st
The Real Estate Record and Guide says n
Is last issue II article about the building sit
ratcn as follows:
Son % 5fs on 5 azoh S 5e da BsT54 s Fss1R5i9s
Of the permanent return Of building weather
While the winter has been the slowest for the
t-ding trades in decade, il has not been a
tine II distress for mechanics. although the
number q unemployed IS large a long
period Of continued work under higher wage
scales than ever before known has made the term
of inactivity very endurab BILE In view Of this |
rno6era-iag fact il is d less unpleasant subject
of consideration than otherwise il would be. |
Further there is every prospect that business |
volume as the season advances. and continue J
into The next year. make 1903 very remark \
able year for activity Reports Indicative of /
general conditions IN most parts OF the country
show { normal state of financial feeling and /
better conditions prevailing IN the building inter
than appear here The correspondents |
of New York houses in the building supply |
ing, which emphasizes the fact that the trouble |
II New York has been caused exclusively by |
monetary conditions. The effect upon business |
e large OF a Wall Street panic is governed in d /
large degree by The state Of the public mind,
and solely by The ldeness of gEorkrlen and /
their supposed temporarily decreased purchasing /
TeEe-- That state OF mind Is decidedly hopeful |
a early recovery Of business equilibrium.
This IS especially marked in the suburbs that |
transit lines. here values firmly /
maintained ever they were, with little in 1
CIna-1On 70 sell except at the considerable ad- /
vance that time seems certain 10 bring The facts
that there IS Yet but little building going on |
y the outlying b0rOuE1s and that property is SO /
vel occupied that vacancies are scarcely 10 be |
found insured continuance Of the comparatively /
.uraovsble Of affairs in real estate in Man
haitian and The Bronx fer et least another year