New-York tribune., 1908-02-23

fair volume OF business was transacted last
week in the real estate market. The majority OF
deals affected either dwelling houses or nathouses
In the West Side north OF 5sth ST. II seems to be
the consensus cf opinion in realty circles that no
other city in the world boasts Of residential dis
t-ict which equals in area. in the character Of IFS
apartment houses fathouses and dwelling houses
ard natural and other forms ot attractiv2ness
the great West Side section Of this city In the
dullest realty days Of the last four months the
West Side not only appeared TO be. but was. the
most active part Of the entire real estate field and
the fascinating district 20 the majority Of
investors. operators and builders who. are imam
cially strong enough TO deal in high class residen-
t.al property. Throughout the most trying days
too when the market being severely tested
values in the secticn steady as bed rock.
snd this revelation Of the strength of its values
VIII be long remembered after the present school
OF operators and investors is gone
While this district is frequently referred TO rs
cre OF the older parts OF the city. which usually
leads person think Il a thickly populated
District the eos 0s. il has practically peen
transformed from sparsely settled residential zone
- its Present OF grandeur in the last thirty
years And how much greater viii L oe thirty
wears hence One Of the most farsighted realty
leaders has prorhesied that apartment houses and
hotels VIII undoubtedly be constructed there WITHIN
the next twenty years which in size structural
strength architectural beauty end cost viii SUI
rass the largest apartment house or apartment
hotel project ever carried out in this city
Many large parcels the West Side nave
changed hands this year. The number Of these
sales comnares favoraby with the deals made IN
the same district in the corresponding period last
year. Bing & Bing recently purchased from VIII
lam Waldorf Astor the block front in Riverside
Drive between Ifc.h and 18Th sis That parcel
has frontage Of eaSs feet in the Drive l4ll teet
in 18th 81 and 1947 feet i 113th ST 1t comprises
about thirteen lots The property was held at
about $3.50 GOO II VAS purchased by John Jacob
Asror father Of William Waldorf Astor. in 1889
for $4,000 Bing & BinS resold the souther}y hall
Of the plot 10 William Cumming. The builder. "ho'
II is said viii improve his parcel this year Last
reel, Edward c Williams sold 10 n client Of Hugo
s Mack plot 1osxS5- -5x10ox111e feet at the north
east corner Of 18th and Riverside Drive TINS
site too viii nc improved IN tho rear future SO
there IS likely he considerable building in the
urper Riverside Drive section this year
In most Of t.sa transactions in the district IN the
lest six investors have been especially ac-
tive II was an investor who recently purchased
the Sunnycrest. p six story apartment house. No
5lI West I1Sth st. Mot 13Nlne feet. for ahou'
5000 600 from the Y. Cerahore Construction Com
veny through r. Zittel- One of the largest and
most interesting transactions recently made IN the
district vas the purchase Of the Orleans a ten
story hote! Nc $40 AIS Columbus ave. southwest
corner Of S0th St by the Valencia Realty Court.
which gave IL part payment Valencia Court,