New-York tribune., 1908-12-10
BIG FIFTH AVE. DEALS
STORES CROWDING IN.
Millions Being InUested tn Former
Residential Section.

Millions OF dollars are being invested in Cen
trail Fifth avenue properties. Within the last
five years the entire district has been trans
formed into of the most allurtng investment
zones on Manhattan Island and one or the great
est retail shopping centres in the world owing
to this transformation the number OF parcels IN
the section for sale is becoming rapidly smaller
and many well known spectators and investors
striving to become identified with prohtaoie
deals there before values advance.
A feature Of the realty trading yesterday was
Fifth avenue deal involving properties valued
at over 100000 For Mrs. Buchanan Winthrop
Henry D. Winans & May sold the premises NO.
279 Fifth avenue, four story and basement
brownstone front dwelling house. with 'front.'
age of % feet and a depth of 100 feet. The
property is between 29th and Both streets, op-
pOsite the Holland House. Mrs. Winthrop mas
occupied the premises for some years. She pur-
chased yesterday through the same brokerage
house the premises at No West JOth street a
five story American basement dwelling house
Columbia College leasehold) from Mrs. James
A Blair The 50th street house is on plot
2S.5x1O0.5 feet. Mrs. Winthrop will occupy that
house
There We're many signs early this fall that
there would be brisk market for properties in
the central Fifth avenue district. In the last
two months about ten deals affecting sites
valued at between 100000 and $1,3JO,OUO nave
been perfected An agreement was virtually
made recently for the sale of the Lyons Build
ing, No. 236-238 Fifth avenue, for $125O.O0o
cash. Albert 3. Ashforth recently sold No.
2S6-2SS Fifth avenue, 34X125 feet for c. Gray
Martin a client of F. W. Sharp for about
100000. He also recently sold No 329 Fltth
avenue, a five story building on plot 248x1OO
feet, to Frank J. Cassidy for about $3oo'ooO'
and a few days later resold the premises He
Fifth avenue a four story and basement dwell
ing house. 25.5x1OO feet, for Andrew J. Connick
and several other persons for about 100000
Pease & Gilman recently sold No. 431 Fl1Ih
avenue for Representative Jefferson NJ. Levy
for about 100000. Tucker. Speyers & Co. a
few weeks ago sold for the estate Of Isabella
Marx No. $50 Fifth avenue four story dwelling
house, % by 100 feet, for about S350000. Jacob
Drecer bought the Howard Building at the
southwest corner of 47th street and Fifth avenue.
for S1,275.00O from Simon FranlleL That prop
erty carries a mortgage of $1,OO0.0O0 which is
held by Mrs Margaret O. Sage, widow of Rus
sell Sage. The Mason & Hamlin Company also
bought, through John n. GOding from F1shel.
Adler & Schwartz, No. 3l3 Fifth avenue. q TOUR
story building on lot IS by $50 feet. q few
weeks ago. The company will occupy the entire
building. Mr Golding also recently sold No 374
Fifth avenue to Robert z. Bowling, and resold
the property to Thomas r. Ball, Of Best 81 Co
Mr.. Ball also bought, through Mr.. Golding, No.
3S2 Fifth avenue, and leased the site at the
northwest corner of 35th street and t1fth avenue
occupied by Dodd. Mead & Co. through Douglas
Robinson. Charles S. Brown & co. on the COM
bined parcels a building to be occupied exclu-
sively by Best & Co. will be erected.