New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-09-06
INCREASE In REALTY TRADlNG|
LARGER DEMAND FOR IMPROVED And VACANT
PARCELS IN ATTR4CTIVE SECTIONS.
Many Big Building Operations Recently Pefected-The Outlook m
Va1ous Speculative and Investment Zones.

suitable
years ago there phenomenal purchasing anu
Improvement movement in the 34th street section or
the city, which comprises the central Firth avenue
drygoods shopping zone and large part Oh the
principal and Sixth avenue retail shopping
centre expected that this fall scores OF plans
for replacing of old structures In this midtown
district will be drawn and will be put in effect early
next spring All signs In the market point TO a
widespread speculative and building movement IN
this district in the future and II 1t does not
come early anticipated. hundreds OF the lead
ing operators and investors will be sorely disap-
pointed .--....
There are signs too, which indicate a continual
tion of construction work in the most attractive
uptown residential zones, and next year will prob
ably be well remembered for revival of specula-
tive and building activity in the older and newer
sections OF The Bronx
Leon Sobel bought last week from the Cathedral
Realty Company No. 81 Cathedral Parkway, six
story apartment house, on a plot 5O.3x7211x ir-
regular, and the two six story apartment houses
abuttng at the northeast of 19th street and
Columbus avenue. The two six story houses
cupy plot 1OOx127.2x irregular Mr.. Sobel also
bought in the week through D. Phoenix Ingraham
& Co., and Joseph D. Cronan, from Peter Alexan-
der. the uncompIeted houses. a plot 37x1O0 feet
at the northwest corner Of 109th street and Man
haitian avenue. The Silverson-London Construction
Company added to it's realty holdings by the pur-
chase from Charles M. Rosenthal OF a plot of
about six lots fronting in Riverside Drive, Sc feet
north of 127th street. It Will erect on the site
six story apartment house.
The Sound Realty Company and Arnold Kaiser
figured in a trade. Mr.. Kaiser bought the six story
elevator apartment house. plot 90 11x1o0 feet,
the northeast of 18th street and Broad
way. The house erected by the Fluri Con-
structon Company In part payment Mr.. Kaiser
gave Nos. Sc and IS Lawrence street, new six
story apartment house. plot 50x10O feet, be-
tween Amsterdam and Morningside avenues.
Another interesting transaction of the week was
the leasing of the upper floors OF the Hotel
Normande. at the southeast corner of 3Sth street
and Broadway, by Louis Haims, a well known res
taurant proprietor of this city. and Louis Harkel,
a hotel proprietor. of st. Louis from Herman
Wronkow, for twenty-one years. at total rental
of 100000. The Normande Is eight story struct-
ure. II has frontage of 1T2 feet Broadway
and of 120 feet 3Sth street. Messrs. Hams and
Harkel will the floors leased by them for hotel
purposes, the well known hosiery is to be re-
vved Herman Wronkow will remodel the first
flood and basement into stores.
Business got a firmer foothold In the week in the
upper Madison avenue district, a result of the
sale by the Mcknight Realty Company and J. D.
Cronan for the estate of Joseph o. Harrington to
Paul s. Bolger and Fred J. Dawson. of the four
story brownstone dwelling house at the southeast
corner of 18th street and Madison avenue. The
size parcel is 1sx76 feet This house is to be
altered into business building.
A number of deals affecting West End avenue
properties reported in the week S. r. Good
ale & Son sold for Robert Alexander, five story
dwelling house on lot 20xS0 feet, at the north
west corner of 9Sth street and West End avenue.
The buyer is an investor The building is used for
priva. e school purposes. Slawson & Hobbs sold
Nos 1874 and S36 West End avenue. two five story
double apartment houses, for a. Rudd Ward. to a
client. as an Investment. The houses plot
50x1O0 feet.
Many fine dwelling houses changed hands in the
week Payson Nj. C. l. Merrill sold for the estate
of Albert T. Kelley No 20 West 50th street. four
story high stoop brownstone dwelling house, on a
lot 24x1O5 The house is to be remodelled into
an American basement, and will then be occupied
by the owner.
In the Vesey street salesrooms quick market
was found for many improved parcels On Mon
day a feature of the budget the foreclosure
sale of the five story dwelling houses Nos. 20S to
PIP West 18th street The houses were bought by
Harry L. Haas representing the Forty-sfxth Street
and Broadway Realty Company. owner of the
Gaiety Theatre. adjoining for $4,000. The sum
due was about $50. COO N. Taylor Phillips the
plaintiff and James Churchill formerly a police
sergeant and restaurant proprietor. the
defendant