New-York tribune., 1908-07-12
TRADING DOWNTOWN
uzNY INVESTORS 4CTIVE.
Plans Filed for Office Structures to
Cost OOer SI9, 900. 900.

7--ading in the midtown and downtown districts
xss feature last week Of the real estate market
y,,estors were prominent in most OF the transac-
-5ons affecting large parcels south OF 6ath st One
of the leading deals the sale by De Seldfns
Jsrothers for Charles Bsue OF the Hardware Build
,,g new eight story and basement structure. with
cores al the northwest corner Of Lafayette and
walker SITS II occupies plot 5ox75x irregular.
The same brokers also sold last week 10 John ;
1rs,cber No 81 Centre St which extends TO La
..zetre st being part OF the site on which stood
sn old shot tower The parcel fronts p feet in
centre 81 and 1910 feet in Lafayette St Investors
xers the buyers or both parcels.
Another investor purchased lass week from
rhsrJes Bettes through the Charles F Noyes Com
- the store and loft building No $50 Greenwich
= Il covers lot 25xle0 feet The same brokers
-, -eeo1iated q term lease the building, which
=, he in effect on May / next A $4,000 all-cash
-,-,hase figured in the trading in the week in the
-r;s+av-n district The parcel comprised the Mur-
g F7iu apartments. two seven story houses at the
,-,vsst corner of 34th ST. and Lexington ave.
-, .occ,,pv Z plot s5x1l76 feet. This sale was
-,oda hv Herman Leroy Edgar. OF Edgar q Curtis,
.,s william Il. Chesebrough. of the kips Bay
Jaealrv Company. The buyer owns the adjoining
,ne--v Another interesting transaction Of the
,raek vas the sale by Roland H Fitzpatrick or the
s-,ssss No SO Greenwich st. southwest corner or
- & TIE parcel is a three story and base
- b7gsIdinz on a lot 22.Ix7410 feet. Buyers were
- found in the week for number Of dwelling
,ses IN the choice residential sections on the East
&C. one OF the principal deals Of this character
beiag made by J P Whiton-stnart Tor Bertha
19..rgt7ner TO George Hecht- The property is No
g E-ss- s5th st four story and basement stone
.ont dwelling house. on a lot 2oX10e5 feet It ad-
- the southwest corner Of Park ave. Francis
n griffith. as administrator for Eliza W fIrlf1th
Is 10 14s West 4sth st. four story and base
-, stone front dwelling house on & lot lbaXlea7
= + * 2 Columbia College leasehold-
-,-s,5srs are mostly active in the Washington
-5.4-z and Riverside Drive districts and in the
sovrroVvn business centres. Since January plans
te,,s been fled for the erection on Washington
T1iob-s and in The Riverside Drive section for
,s.-n apartment houses 10 cost many millions
rbe total sum be spent in CONSTRUCTION II 1hose
s;,+s is much greater than many real estate ex-
IS szne-red would be invested there this year
Tr-o,gbol1r rne entire districts there has been
,--e purchasing movement for some months, and
- ~ The parcels which have changed hands in
.h.. time are 70 ne improved this year The sky
= -ra INNER Riverside Drive district VIII
ss-go q great change owing TO the many projects
=. .s--tAa out before the fall This building and
~,bss1rr activity has not only firmly maintained
-.aIues hut has resulted in an upward tendency
Of prices. -.-...- ---,-,,
= -. -,-ess-+ wear is Office buildings IN the first
e. months Of last year forty skyscrapers were
,-a7 the estimated cost being given as S4.lo6'-
"a For -he corresponding period OF thls year
--ee Office bpliOlTlsS pEtJS'lT1 VIZ -
go They vii represent an investment Of Sls,-
aano Tins nearly $500 0oo more is TO he spent in
80 r,,i15ineE on Manhattan Island this season
,bsr for the same period last year This record
so.s na- show that builders Of skyscrapers were
s-i7rslv affected by the recent financial depres-
sion
The r+r x well supplied with medium class
a-s-rr,ert houses and II viii be a year or more
before me demand equals OF exceeds the supply.
\ s,,---5sa therefore arises from the fact that
-bs-a * hE decrease IN construction work IN THIS
I.es ~ buildings There is much work. however.
.- bil5s-s n DO IN the upper sections OF the west
SIZE and fewer builders viii be idle than realty
conditions indicated IN the early part OF the year
~ ,Ians fled last week for buildings 70 he erected
n tbis zone called for the building OF two six-story
sns-4n1err houses on the west slde OF AnouDoh
gre from nth 70 175th 81 Each bullolhg is
"a coe- s75a ea They will be built for the Wash
inz-on Heights Development and Construction 1'rl-
pany Of which Henry l. Felt Is presloenl- 6ach
structure viii have a frontage OF ~ IeeL an
me avenue and depth OF 100 Ie@L me
faos5as viii be of brick. trimmed with decorative
s-,rA and finished with ornauentations OF concrete
,7-b NuTlfken & Afoller are the architects JUST
snr+5 of the washington Heights district is Man
hsrrsnvfle and there much construction WoFk VIII
h4 done this season The Sheffield Farrns-SiaW
r-r,ecEsr Cor7panv bought last week a site IN
me Nanbsr-arl1e district. which II viii er7c1 d
rase rlarr similar 70 the one II owns IN the lower
West si5e II VIII occupy a plot fronting lS2 feet
or the south side of Manhattan st and having
5enth of -5 feet The plot IS about SS4 feet west
Of BroadWay.