New-York tribune., 1908-06-21
TRADING DOWNTOWN
SEVERAL LARGE SALES.
Buuers 4ctiUe in the Upper
Sections.

Trading in downtown districts was feature Of
the real estate market last week Increased actVi-
ty in those sections was noticeable In the pre-
yfous week and taken sign of general
oadening Of speculation and investment deals
Some of the transactions affecting downtown prop
critics reported last week form number of the
biggest operations Of the season in the principal
business districts Of the city. The TRANSACTIONS
represented investments Of many millions.
One Of the important deals was the pilr-
chase by Herman Ridder. acting for the ''Staats-
Zetung." Of the premises Nos. 1S4, lS6. 1SS and
40 William street, No. q Spruce street and NO
81 Frankfort street. IT sold to him by the Rn-
land & Whiting Company for Edward j. Hancy-
It hes a frontage Of 7S5 feet William street
feet Spruce street, and AS feet on Frankfort
street The plot comprises about 1900 square feet
The ''Staats-Zeitung'' by the acquisition OF this
property plot at the northeast corner
William and Spruce streets Of about 17oo square
feet or about seven city lots. 1t purchased last
year the original parcel, No 1S William
street through tho same brokers. The site which
changed hands in the week was sold by the Ru-
land & Whiting Company fer the Cohen estate to
Daniel B. Freedman In 1906. George r. Read &
Co. found market in the week for the premises
No. III Cedar street, a four story building, on
plot q 7x5es feet. Charles Wolff. the buyer. also
owns Nos. lib and 115 Cedar street. and Nos. no
and 1l3 Liberty street. The combined parcels have
a frontage of COL feet in Cedar street and Al
feet in Liberty street
in the downtown district was the sale by the
Charles F Noyes Company for James G. Lyon, as
executor Of the estate of NJ. A. Lyon, of the two
five story buildings Nos. 24s and 24s Water street
The property purchased by Julius and Ber-
nard Iichtenstein as investment. They also
own the adjoining property. No. pa Water street.
and control at this point plot with frontage OF
about forty-seven and depth of eishty-two feet
The city also figured last week large buyer
in the downtown zone. It purchased the home Of
= ba Nam Torly at N
The New York Diet Kitchen has occupied part
of the premises there for some years The New
York Dispensary and the Diet Kitchen are going
176-1S0 Grand street, where they have
rented quarters through Rutland & Whiting, the
brokers in the sale of Centre street premises
on the Centre street plot which is S6xl0o feet
and forms the southwest corner OF Howard and
Centre streets. is an old fve-story building. 1t
is TO be torn down TO make way for the Centre
street subway loop. The sale also included seven
story building on a plot 75x71 feet at the south
west corner OF Walker and Centre streets, and a
four-story building on plot 55x9Ox irregular at
the northwest corner Of White and Centre streets
Rutland & Whiting Company and the Cruikshank
Company the brokers IN the White and
Walker street deals.
A fair volume OF business was transacted in the
week in the uptown districts, of the principal
deals being the sale by Arnold, Byrne & Bauman
for the Sphinx Realty Company to Harris & Seigel
Of the Balmoral Hotel 1t covers the entire block on
the eastery side of Lenox avenue, between 18th and
Hath streets. The size Of the plot is 2x125 feet
ten lots. This property was purchased at a fore
closure sale by the sellers May IS. 1907, for
s224 $50. Harris & Segel are going to raze the old
hotel structure and erect the site two high class
elevator apartment houses. which will provide
cormodation for seventy-five families The houses
viii have twenty stores The entire operation Will
involve outlay OF over sl,2500o0.
Pease & Gilman leased in the week for the
estate of P. A. Hegeman. TO the New York Taxi
caF1 nlO he west Sid of n
nue.. from 56th 57th street, comprising 1000
square feet. The Taxicab Company will the
site temporary storage place for several hun
dred cabs which 1t recently bought IN Europe.
The same firm sold in the week for Isabel New
man Holloway No. 10 West list street. four story
and basement house, a lot 20x1G0 feet. The
buyer will occupy the premises There was con-
siderable trading in the week in the Hunts Point
district Of The Bronx The principal activity there
was in Garrison avenue In the upper West Side
district of Manhattan Island of the principal
deals the sale by Gibson Kirby for L. NJ
HirschfeId of plot 75x1oo11 feet the northerly
side Of 18th street. 225 feet west of Amsterdam
avenue, and the abuttng plot 10oxlool1 feet on the
south side OF Hath street. r. ]. Moloughney was
the buyer He intends to erect an apartment house
on the size A plot 1oxl001 feet on the soutnerly
side Of Hath street. 100 feet west OF Amsterdam
avenue, and adjoining the property purchased by
MI. Nioloughney, was bought by Joseph PoIstein
MONTGOMERY Maze bought in the week from Max
Marx the hve five story buildings Nos. 32S1-32S9
Broadway being the northwest corner Of 1920 street
A feature of the trading in the Real Estate Ex-
change Salesrooms an offering of 256 Long
Island City lots by Joseph p. Day. They were
quickly disposed of for s469 AGO, average Of
81 T65 lot. The lots located near the easterly
terminals Of the Belmont and Pennsylvania tun-
nels and the easterly approach TO the BlackwelTs
Island bridge. This section Of Long Island City
is expected TO he the of considerable specu-
lative building and buying in the near future. The
sale was one of the most successful Of its kind
ever held in the auction rooms. It clearly demon
strated that there large numbers Of small
investors eager 10 purchase good vacant property.
There were, besides. number of large auction
budgets OF improved properties on Manhattan
Island and The Bronx Most of the properties
which changed hands brought good prices