New-York tribune., 1908-02-27
FIFTH AVE. PLOT SVLD.
HAS OHyNED By f. ISM4N.
SITE Uvhere Robert Fulton Had His
Workshop Leased.

A much larger xolurae &C business was trans
acted yesterday in the real estate market than
in any other day in the last four months Bid
sins in the auction rooms, too, was brisk and
rood prices were obtained. To-day Mr.. Day is
going 20 Try TO find buyers for the Manhattan
and Brooklyn parcels Of the Mary W. Wright
estate so the attention of the entire realty world
viii be directed this afternoon toward the Nesey
street salesroou1s- II he succeeds in selling the
property the market will probably broaden, and
II he fails trading is likely 10 reflect slight de-
crease Of activity, because satisfactory auction
sales strengthen confidence and unsatisfactory
action sales tend TO make prospective buyers
tfn1id-
TWO important transactions We're reported yes
terday. One was the sale by Bryan /. Ken
nelly and Leopold Wei for Felix Isman, OF Phil
sdelphia, Of the four story, high stoop. brick
building Nc 42I Fifth ave. southeast corner of
sSth 81, on a lot 25xI0o feet TO Elizabeth NJ.
Anderson. Mr.. Isnnan bought the property last
year from the Andrews estate
William Cruikshank's Sons have leased for the
Rhinelsnder Real Estate Company TO F. A
Cauchois & &C. Nos. q, 2S and 25 Fulton ST.
northeast corner OF Water st, three fve-story
brick buildings irregular plet, So feet in
Fulton ST by 2SIxs SKA. .2x72x526 feet in Water
81. The lease is for term Of twenty-one years
81 a net rental aggregating about s13o.00o. The
new tenant. the Private Estate Coffee Manufact-
urers, viii occupy the premises for its own bust
ness This does not represent value on the
ground alone as the buildings are especially
good and about the best IN the neighborhood.
As the company has been established for fifty
seven years and has called itself the Fulton Mills
after the name OF the street. il was very desir-
able thai it should secure a permanent location
II The street and near its present home. No So
Fulton 81
r-T- * ar7N
owned by old estates that will not sell nor tie
J5n --operry with a long lease. Owing TO these
conditions the brokers III the transaction have
been for more than Z year negotiating with
various owners in this neighborhood TO get them
ro sell or 10 lease their parcels.
This lease has especial interest. owing the
fact that Fulton street some years ago was
very prosperous retail street, and suffered a
great depreciation in values upon the opening
o. the Brooklyn Bridge There is some differ
euce IN opinion among real estate experts as TO
whether The divertiag OF the traffic by the new
tube 10 Brooklyn viii be offset by the projected
subway with & station al Fulton street, to-
EeJher with the continual enhancement Of values
caused by the widening circle Of the financial
district The new lessee does not depend upon
transient business.
The Fulton street buildings were erected in
1881. and are still sound. The beams all the
way through are white oak, hewn with adj
end are about five inches apart The struct-
Ure was used originally by the Astors for
the storage OF skins and fUrs, that locality
then being known as The Swamp Front
street then faced the East River. Previous 10
the erection Of these buildings the ground was
covered with little two story peaked roof shop,
the yard adjoining reaching 10 the river front
Here Robert Fulton natured the plans and
built the machinery in the hull Of the first
steamboat the CIermont.
IN the Real Estate Exchange Salesrooms
Joseph P. Day sold yesterday No. % East 63d
81 four story stone front dwelling house. 20x
1o0-5 feet, executors sale. estate Of Jacob
Meyer 10 George c. Franeisus for S5e,5o0s No.
% West 18th ST three story stone dwelling
house, 2oxI02-2 feet, voluntary sale. to Charles
d Morrison for s24 4GG0; No. 4218 Sd ave a
five story fathouse with store 25x93 -5x24 Xix
elE0 feet, voluntary sale, BID in at S24,950: Ne
3s Grove st. Z three story dwelling house, PIX
100 feet voluntary sale. 10 Louis Opper for
$4,000; c vacant plot. 5oxI00 feet on the east
SIDE Of White Plains road 90 feet north Of
Barnett place. voluntary sale, to H. Wabst for
S350o- Nos. e5 and 6s Greenpoint ave. Brook
I'm. four stery factory building, 47x957 feet
voluntary sale. bid II at $4,000; No 1872 Park
place. southwest corner Of Virginia place
Brooklyn, a three story stone front dwelling
house. S5xI9-Io feet voluntary sale, Knocked
down st sI1.eoo: Nos, 4I3 and 415 East 1880
s. two three story dwelling houses. 37x10o10
feet. 10 q. Kuehne. jr- for $4,000
Re also sold No IS West 140th ST, a six story
fa-house. Al sxs9-1I feet To the Landlord Realty
Company for s43.4 49,: No - West I40th st, d
FIX story fathouse. ISx99.11 feet. adjourned 10
February .. No. % West I4oth ST, six story
1a-house. zI5xs9I1 feet irregular. 70 the
landlord Realty Company for $4,000; No 54S
Robbins ave northeast corner Of 149th ST,
frame shed and vacant. 75x1o5 feet, 70 the
plaintiff for $4,000 and No. 24I5 Arthur ave,
tive story frame dwelling house, 25xll3-5 feet
70 Ernest Damiaino for s35,525.