The sun., 1908-05-07
The REAL ESTATE MARKET
LAST MONTHS BIG GAIN ~ NEW
BUILDING OPERATIONS.
Pisns We're Filed In Manhattan During April
fer $40, 400 900 worth Of New Con-
StructIOuS. Against ~ 500 900 NOrthln
MaFch-High Class work In the Lead,

Piang We're Filed IN Manhattan Durlng April
for $40 400 900 worth OF New Con-
StructIOuS. against - 500 900 " NOrth In
MAFch-High Class work In the Lead,
Supt. Edward S Murphys report Of the
building operations In Manhattan Tor the
month OF April presents the most favor
able department showing made since the
financial crisis of last year. II exhibits
gratifying spring revival Of activity IN
nearly ali lines Of construction work, The
improvement is especially noticeable in
tenement house building and in ottce and
store construction,
, The figures prepared by James W. Spencer,
statistician Of the department, show
grand total Of SlO2l2.l30 Of new buildings
planned during April, representing %
different projects, an investment Of capital
which comes within 81 022 6e4 Of the total
Of Sil,3ii,SOO invested in the iij buildings
planned during April 1901 This years
record consequently nearly equals that
Of the April boom Of 1901, while 1t far sur
passes the showing OF the month OF March,
1908, when the record was ti,ssi 800 for
30 buildings.
The striking recent increase Of capital
investment is evidence Of the higher class
Of construction which has been undertaken
as a result Of the betterment Of the fnan-
cial situation.
The tenement house construction
planned last month, similarly, is practically
all of the high class type Of elevator apart
ments and superior hathouses. II repre-
sents a total Of 81 223, 900 invested in eeven-
teen buildings. which, while II falls much
below the boom record q! f2Oi 900 in
vested in sixty-two buildings in April Of
last year, ia far in advance Of March's
record Of $4,000 invested In fifteen build
iDgs.
and hotel building is also IN excess Of last
years record, the total being S,403.0OO
for seven Office buildings, for which the
plans we're recorded last month, as com
pared with S5,31j,OOO invested in eight
Office buildings planned in April 1907.
Last months Investment in hotel constrlic.
tion is 81 $4,000, which is a clear gain over
the same month last year, when no new
hotel construction was projected.
This 81 600 600 investment represents the
proposed addition to the Hotel Astor. which
is designed TO double the capacity Of the
present big building on Long Acre Square.
Last months investment in Office buildings
included another notable operation In the
projected enlargement Of the Whitehall
Building in Battery place by thirty-siy
story addition, comprising an east and
west wing which together will make Of
the improved ediiiCe, according 10 plans
the largest single oftiCe building in the
world This Undertaking, projected by the
Chesebrougl realty interests, calls for an
investment " g ,BlD,UnD
Last years record WAS nearly euualled
also in new construction designed for occu.
pancy for store purposes, last months
hgures In this class being Ss97,OOO for 10
buildings, AS compared with 81 O6s. 100 !
allotted 10 the 10 store buildings planned
in April, 1877 March's record IN the otheb
hand was I? store bu ldings 90 cost Slg2 500
Two other interesting projects included
in the now construction work last month
are the new church t. ho erected by alI.
thority IT Archbishop Farley for the resi-. |
dent priest of the institutions an Black !
we Is Island which Is TO cost $4,000 and !
TO be known as tho thurch Of Our Lady |
Cohsoler Of tho Afflicted, and the now |
library Of the Carnegie endowment chain ,
70 be built on q plot on East Broadway f,
and Jefferson street large enough 10 ahorIl I
an effective setting FOR its architectural !
design. These buildings arc embraced |
in the category # which three were pro.
iected last month ~ cost $3.50 90. as com. /
pared with three buildings " similar rlass. I
hcation planned IN ArrI, 1907, At an dggrc- /
gate cost of $4,000
There vas fair degree oi 8ctiwty last .
month in the matter # investments in .
private dwellings If the better type the I
record beng four residences "a cost SlO7. |
600, as compared wirh six private dwellings
for which S222 OOO vas appropriated IN 4
April 1907 The investment in March IN
this class wac SiT5 900 for four residences.
The statistics 81 the Manhattan altera
tions for April represent all the proposed
improvements to existing buildings and
they too reflect the recent bcttermcnt ur
realty conditions 1hesa improvements
aggregate 4 total investment of 3Sss &C.,
apportione1 for tho enlargement. modern
iIing or remodelling Of 29l different build
inRs, as compared with the total of Ssl5.B SO.
invested in March for the improvement Of I,
2o7 buildings Last year IN April the alter
alton work embraced l44 different build |
ings and required an estimated expenditure !
of 81, ,S32, ,423. the increased investment over
this year being chiefly credited TO tenement
undertaken 10 comply with
the requirements Of the Tenement House
Department This year has 10 its credit
an increased investment in improvements !
TO hotels, store properly and public build
iugs,
Statistician Spencer'5 tables, Including
the record for March. read AZ follows.